The Role
As a Tax Advisor with Worley,you will work closely with our existing team to deliver projects for our clients while continuing to develop your skills and experience etc.
ADVANCE TAX:
- Calculating advance tax liability.
- Ensuring electronic payment of advance tax before due dates
TRANSFER PRICING
- Coordination with other teams and preparation of the 3CEB form alongwith annexures in respect of Transfer Pricing certificate
- Getting segmental accounts audited
- Review of transfer pricing documentation in form of TP Study
- Liaisoning with transfer pricing auditors to have the relevant forms audited
TAX AUDITS
- Coordination with other teams and preparation of the 3CD form along with annexures in respect of tax audit
- Liaisoning with tax auditors to have the relevant forms audited
INCOME TAX RETURNS:
- Preparation of tax computation
- Preparation and filing of electronic return form.
- Ensuring filing of tax return before due dates
YEARWISE STATUS OF TAX MATTERS:
- Keeping track of notices received, date of hearing of assessments
- Follow-up with tax refunds
- Filing rectification application / order giving effect to various orders
- Updating tax tracker
- Updating the details of payment made to tax consultants
- Maintaining of historic data of various tax issues year-wise.
TAX EFFECT ACCOUNTING:
- Keeping the tax balances as per the accounting standard
- Passing the accounting entry once order is received from tax department
- Maintaining prior year chart of tax provision and tax payment made
INCOME-TAX ASSESSMENTS:
- Coordinating for information, analyzing the information before it is presented.
- Discussing with tax consultants on contentious issues.
- Preparing submissions to be made before Income tax authorities.
- Appearing before the Income tax authorities on notices received.
- Analysing the orders and filing appeal with the assistance of tax consultants.
TRANSFER PRICING ASSESSMENTS:
- Coordination and compilation of information to be provided to consultants for transfer pricing assessments
- Appearing before transfer pricing officer alongwith the tax consultants
APPEALS:
- Providing information, liaisoning and strategizing with PwC / EY on the positions to be adopted in respect of the issues in appeal before Income tax Appellate Tribunal / Commissioner of Income tax (Appeals) / Dispute Resolution Penal/ High Courts
- Appearing before the above authority alongwith tax consultants.
- Analysing the orders received from the appellate authorities.
- Follow up with Income tax authorities for issuance of the orders giving effect to the appellate orders.
TDS COMPLIANCE:
- Guidance to AP team on withholding taxes
- Verification of the monthly TDS liability and uploading payments
- Checking of Quarterly TDS returns and ensuring that they are filed by the due date.
- Correspondence with Income tax authorities for any communication received from TDS cell
ACCOUNTS FINALISATION
- Preparation of deferred tax provision statement
- Preparing of notes to accounts related party
- Preparing of provision for tax working
CORPORATE REPORTING
- Making monthly provision for tax entry
- HFM
- Cash flow statement
FOREIGN COMPANY RETURNS
- Review of tax computation and ensuring filing of tax return before due dates
- Ensuring that transfer pricing certificate for foreign entities is obtained
- Coordinating with foreign entities and tax consultants for foreign company tax assessments
ADVISORY
- Coordinating with sales / legal team / operations team on various proposals
- Obtaining the tax questionnaire
