Accounts and Finance Manager

An Accounts and Finance Manager with foreign remittance tax expertise needs to understand both accounting principles and Indian tax regulations related to sending money abroad. This includes knowledge of the Liberalized Remittance Scheme (LRS), Tax Collected at Source (TCS) on foreign remittances, and relevant forms like Form 15CA. Key Responsibilities:

• Foreign Remittance Compliance:
• Understanding LRS: The manager needs to be familiar with the Reserve Bank of India's (RBI) Liberalized Remittance Scheme (LRS), which allows resident individuals to remit a certain amount of money abroad for various purposes.
• TCS on Foreign Remittances: They must be aware of the Tax Collected at Source (TCS) applicable on certain foreign remittances under LRS, particularly the rates and thresholds, and how to calculate and collect TCS.
• Form 15CA: The manager should be proficient in filing Form 15CA, which is required before making certain foreign remittances.
• Taxation of Remittances: They need to understand how different types of remittances (e.g., for education, travel, investments) are taxed and how to handle tax implications for both inward and outward remittances.
• General Accounting and Finance:
• Financial Planning and Analysis: This includes budgeting, forecasting, and financial analysis to support business decisions.
• Accounting Standards: A strong understanding of Indian Accounting Standards (Ind AS) and other relevant accounting principles is crucial.
• Taxation: Beyond foreign remittances, the manager needs to handle other tax-related matters, including TDS (Tax Deducted at Source), GST, and corporate income tax.
• Financial Reporting: Preparing and analyzing financial statements, ensuring accuracy and compliance with regulations.
• Audits: Managing and coordinating audits, both internal and external.
• ERP Systems: Proficiency in using accounting software like Tally, SAP, or similar systems.
• Team Management and Communication:
• Supervising and mentoring: Managing a team of finance and accounting professionals.
• Liaising with stakeholders: Communicating with internal teams, external auditors, and other stakeholders.
• Training: Providing training on relevant tax and accounting matters.

Interested once can send their updated resume over the same below mentioned Email....

Job Type: Full-time

Pay: ₹15,021.87 - ₹57,348.00 per month

Application Question(s):

• How many years of experience do you have with Foreign Remittance Compliance.

Work Location: In person

Speak with the employer
+91 9319993645