Principal - Direct Taxes

JOB PURPOSE

Led end-to-end tax & compliance functions for Global Varroc Group, including timely preparation & filing of Master File & CbC Report under OECD Action Plan, while managing tax & statutory audits, income tax returns and direct tax assessments, mega project compliance, review TDS compliances & removal of TDS defaults, R&D approvals by DSIR, finalization

of cost audits, & insurance policy renewals & claims.

PRINCIPAL ACCOUNTABILITIES

Tax audits

Finalize Tax Audit of all Indian entities

Discussions with tax auditors on issues related to tax audits

Statutory audits

Finalize Tax provision along with discussion with Statutory Auditors and provide effective tax rates (Quarterly)

Provide details of accrual & receipt of Government Incentives to Auditors

IT returns

Finalize advance tax working (Quarterly)

Finalization of tax computations of Indian entities

Get tax computation reviewed by tax partner

IT assessment

Review data and submissions for assessments at various levels such as AO, DRP, CIT(A) & ITAT

Prepare and submit rectification applications

Government Incentives

Study various policies launched by Central & State and check applicability

Apply for applicable incentives well within timelines

Ensure timely filing of annual claim documents

TDS compliance Overall review

Overall control of TDS payments and compliances

Ensure timely removal of defaults

R & D Audit

Ensure timely renewal of renewal of recognition of R&D centers

Insurance

Provide requisite details for renewal of various policies such as IAR Policy, stock related policies, cyber & commercial crime policy, product liability policy, etc. to the broker

Others

Prepare notes related to tax in respect of Consolidation of financials along with standalone FS

Review financial statements

Special Project

Ensure tax compliances arising as a result of various projects.

QUALIFICATION

Minimum Qualification required: CA (1st attempt preferred)

WORK EXPERIENCE

Minimum 10-12 years of experience

Industry Related experience> 10 years

Other soft skills/competencies - Communication, Leadership, Problem-solving

Staying updated regarding changes in Tax Laws & Regulations,

Excellent written & oral communication skills,

Analytical Thinking & Problem Solving

Negotiation skills,

Leadership & Team Management skills.

The position reports to the Head - Direct Taxes / Insurance & has a Team of 4 employees reporting to it.

Outstation Candidates will have to RE-LOCATE to AURANGABAD and will be eligible to avail benefits under the Relocation Policy.