Website:
vktanejaandassociates.co.in
Job details:
JOB DESCRIPTION
Finance Associate
Position Title:
Finance Associate
Department:
Accounts, Taxation & Compliance
Reporting To:
Senior Manager / Partner-in-Charge
Location:
New Delhi (On-site)
Employment Type:
Full-Time | Contractual (Internship eligible)
Eligibility:
Semi-Qualified CA / Graduate with Experience of similar nature of 0-2 Years
ABOUT THE ROLE
We are looking for a detail-oriented and technically sound Finance Associate to join our practice. The incumbent will work closely with the senior team on a cross-functional mandate spanning accounts preparation, statutory compliance, and direct and indirect taxation. This role is ideally suited to a CA Intermediate-qualified professional or Graduate who is keen to develop a robust, practice-oriented understanding of Indian tax laws, financial reporting, and client advisory work.
KEY RESPONSIBILITY AREAS
A. Accounts & Financial Reporting
▸ Preparation and maintenance of books of accounts using Tally Prime, including ledger management, journal entries, bank reconciliation, and month-end closings.
▸ Assistance in preparation of financial statements — Trial Balance, Profit & Loss Account, Balance Sheet — in accordance with applicable accounting standards
▸ Conducting voucher verification, expense scrutiny, and supporting statutory audit / internal audit engagements.
▸ Reconciliation of accounts payable / receivable, vendor statements, and inter-company ledgers.
▸ Monthly issue of the Invoicing for Clients based on Contracts
B. Income Tax Compliance & Advisory
▸ Computation of total income and tax liability for individuals, HUFs, partnership firms, LLPs, and companies under the Income Tax Act, 1961.
▸ Preparation and timely filing of Income Tax Returns (ITR-1 through ITR-7 as applicable) on the Income Tax portal.
▸ Assistance in preparation and filing of Tax Audit Reports — Form 3CA/3CB and Form 3CD — under Section 44AB.
▸ Working knowledge of advance tax computation and payment schedules; assistance in self-assessment tax calculations.
▸ Support in handling income tax notices, preparation of written submissions and rectification applications under Sections 143(1), 143(3), 147, and 154.
▸ Research and documentation of tax positions, exemptions, deductions (Chapter VI-A), and capital gains computations.
C. GST Compliance & Advisory
▸ Preparation and filing of monthly / quarterly GST returns — GSTR-1, GSTR-3B, GSTR-9, and GSTR-9C — within prescribed due dates.
▸ Reconciliation of GSTR-2B with purchase register and identification of ITC discrepancies; follow-up with vendors for rectification.
▸ Review of Input Tax Credit (ITC) eligibility under Sections 16 to 17 of the CGST Act, 2017, including applicability of Section 17(5) restrictions.
▸ Applicability analysis of Reverse Charge Mechanism (RCM) under Section 9(3) and 9(4) of the CGST Act and corresponding notifications.
▸ Assistance in GST registration, amendments, and cancellation procedures; drafting responses to GST notices and SCNs.
▸ Tracking of GST amendments, circulars, and notifications issued by CBIC; updating compliance checklists accordingly.
D. TDS / TCS Compliance
▸ Determination of TDS applicability, correct section, rate, and threshold for payments to residents and non-residents (including DTAA analysis for non-resident payments).
▸ Monthly computation of TDS liability and timely challan payments; preparation and filing of quarterly TDS returns — Form 24Q, 26Q, and 27Q.
▸ Issuance and reconciliation of TDS certificates (Form 16 / Form 16A) and resolution of 26AS / AIS mismatch queries.
▸ Assistance in filing TDS correction statements (NSDL / TRACES portal) and responding to TDS-related default notices.
E. Statutory & Regulatory Compliance Support
▸ Support in PF, ESI, and professional tax computation and payment; maintenance of payroll registers for clients.
▸ Assistance with ROC compliance, including maintenance of statutory registers, preparation of Board Resolutions, and filing of annual returns (Form MGT-7, AOC-4) under the Companies Act, 2013 (where applicable).
- ▸ Maintaining a compliance calendar and ensuring adherence to all statutory deadlines across multiple clients.
Click on Apply to know more.