Lead – Direct Taxation

Taggd

Required skills

Website: taggd.in
Job details:

Only Qualified CA with 10 + yrs

Direct Tax Compliance Management
Quarterly Advance Tax – Total Advance Tax determined and paid in FY 23-24 is - Aiding in preparation of Tax workings under scenario modelling and obtaining clearances for Quarterly Advance Tax pay-out.
Dividend Tax Compliance – Determination of appropriate tax withholding for over 26+ Lakh shareholders. Dividend and Tax determination of ~ for FY 23-24.
Filing of Form 15CA, Form 15CB for Non Resident payments and Form 15G & 15H furnished by Resident Shareholders
Annual Specified Financial Transaction (AIR / SFT) for Company as a whole towards Cash Receipts > Rs. 2 lakhs, Share or Debenture Issues, Dividend Distribution.
Implementation of Finance Act / Budget Amendments as relevant to Direct Tax changes
Advising on withholding tax rates for Resident payments

Tax Audit Management
Preparation of Formats for Tax Audit Schedules
Review of TAS sent by Unit Finance and coordination for revision of TAS
Providing clarifications on queries raised by Tax Audit Team followed by Tax Auditor in coordination with Unit Finance teams
Consolidation of Depreciation Schedules / 43B of Units for Company as a whole and obtaining clearance of Tax Auditor
Preparation / consolidation of Schedules for TDS Disallowances / Allowances based on Unit data
Finalisation of Other Clauses in Tax Audit Report by providing relevant inputs / details

Preparation & Filing of Corporate Income Tax Return. determined for FY 22-23.
Preparation of various Schedules & workings viz. Provision Movements for Bad Debts, EPCG, Impairment, Borrowing Cost as per ICDS IX, Foreign Exchange GLs analysis & preparation of claim summary, Capital Gains summary, UD & MAT credit table etc
Preparation of Tax Computation including Business Income, Memo of Total Income and MAT computation
Preparation of Management Note for Computation of Total Income and obtaining clearance for filing
Preparation of Corporate Tax Return schedules and Assisting in review and filing

Provision for Tax Expense computation – Tax Expense reported for FY 23-24
Computation of estimated Tax expense on the budgeted profits for MPB, Periodical Forecasts & CP
Computation of Monthly / Quarterly and Annual Tax Charge for Current and Deferred Taxes including Unit Co-ordination, Lease estimation, R&D estimation, FA and Depreciation estimation etc
Preparation of Movement Schedule for Provision for Tax GL and Advance Tax GL
Preparation of Uncertain Tax Position workings including Litigation Movement & maintaining Case Issue Probability Analysis, Cash Flow ARP, Tax Demands ARP and Refund position and obtaining clearance from Statutory Auditors
Preparation of MAT Credit Utilisation and Justification in various scenarios
Preparation of Year End Tax Disclosures for publishing as part of Annual Report
Preparation of relevant Tax Workings for aiding decision making on transition to new tax regime

Direct Tax Litigation Management: Scrutiny Assessments
Responding to Scrutiny Notices issued by Tax Department, addressing the queries suitably
Providing counter objections to Reassessment initiated upon analysing fact patterns
Providing suitable clarifications and judgements to protect the claim made or defend against any proposed disallowance by tax department
First Appellate Tribunal - CIT(A)
Filing of Appeals against scrutiny assessments & Intimations processed u/s 143(1) by CPC
Preparation of submissions and justification against each ground of appeal
Providing necessary clarifications, as sought by the CIT(A)
Application for Order Giving Effect for orders passed by CIT(A)
Rectification petition filing and proceedings against various orders issued
Liaising with Tax Counsel on the above matters and incorporating inputs into submissions etc.

Support to Group Entities viz. ALDS, GAML, Switch India, Ohm India & Ashley Alteams on various tax compliances including Advance Tax, Quarterly / Year End Provision for Tax, AIR / SFT compliance, Tax Audit Return of Income filing.

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