Promaynov Advisory Services Pvt. Ltd
Website:
promaynov.com
Job details:
About the Role This role will assist the indirect tax lead in all compliances, audit, assessments and appeal matters, provide complete support to the Indirect Tax lead in laying out all strategic input related to tax matters and ensure effective internal control system, layout internal process and automate systems. Roles and Responsibilities Preparation and finalization of various tax workings required for finalization of Computation of Total Income. Finalization of Computation of Total Income and having it reviewed. Timely filing of Income-Tax Returns, working along with tax auditors for completing tax audit on timely basis at group level. Co-ordination with various teams for ascertaining the TDS Liability every month, preparation of tax payment challan on review and finalization of TDS Liability to ensure timely payment of TDS Liability. Filing of TDS Returns including correction statements and revised returns. Preparation of time to time TDS Reconciliations. Uploading of Direct Tax related documents on the Compliance Portal. Preparing and updating Tax Calendars/ Tracker on a regular basis. Preparation, finalization and uploading of details and submissions in connection with scrutiny assessments, re-assessments after approval. Preparation and finalization and filing/ uploading of various rectification applications, grievances, etc. to be filed before the tax authorities. Preparation of appeal documents to be filed against the assessment/ appellate orders and uploading on the IT Portal after review after approval. Preparation of written submissions and paperbook for matters before appellate authorities, having it reviewed and uploading on the IT Portal after approval. Preparation of Tax MIS, ability to adapt and use suitable tax technology tools. Assisting in day-to-day functioning of the tax and regulatory function within the finance team and work closely with the accounting team. Preparation of tax presentation PPTs on various topics, recent developments for seniors. Preparing briefing for meetings with counsels/ senior counsels for ITAT, HC and SC matters. Representations before the tax authorities under the guidance of seniors. Constant Liasoning with the officials in the income-tax department for resolution of pending rectification applications and preparation and filing of further letters/ reminders in order to obtain rectification orders and refunds. Actively chasing any long pending income-tax refunds/ demands with the tax authorities for resolving the same. Preparation of books v tax reconciliations. Preparation and filing of Form 15CA/ CB. Keeping track of latest changes in laws as applicable on a timely basis and preparation of summary of the same. Assisting to keep the organization aware of the implications of various direct tax laws on business decisions. Study and analyze legacy records to obtain full knowledge and control over past events so as to attend to and close those legacy matters. Finalization of computation Advance/ Self-Assessment Tax liability, preparation of various comparison workings, summaries for the management and having it reviewed. Finalization of the provision for tax for periodical financials after review. Preparation of response to tax inquiries and notices from tax authorities, ensuring timely and accurate resolution of any disputes, uploading the responses on the IT Portal after review and approval. Preparation of PPTs, Technical notes to deliver tax training programs. Preparation of various reports – Monthly Report, Litigation Report, Fortnightly Reports, etc. Preparing various summaries and reports for management in relation to Advance Tax Computations. Filing of Annual Information Returns after review and approval. Preparation and Uploading of application for Lower Tax Deduction Certificates. Ensuring that proper physical income-tax records are maintained in an organized manner. Candidate Requirements CA is mandatory 4 - 5 yrs of post qualification of relevant Industry Experience in Financial Services sector, preferably in Banks / NBFCs Candidates must possess expert working knowledge of various laws like Income-Tax, International Tax, Transfer Pricing, etc. Thorough knowledge of Direct Tax Laws with special focus on Financial Services Sector assessments, and litigation. Must be highly proficient in soft skills – MS Office, ability to understand the accounting software system. Team player, ability to do multi-tasking and should be able to work with and guide and act as a mentor for freshers in gaining knowledge and completing their tasks.
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