Asst Manager/ Deputy Manager - Finance

Role & responsibilities

1) Income tax compliances :

• Ensure filing tax audit report and income tax return within due date
• Ensure payment of advance tax/self-assessment tax as per the due dates keeping a weeks time for the HOD/HOF for review and decision
• Computation and payment of monthly TDS/TCS liability, dividend withholding tax etc. prepare and file tax returns accurately and timely. Issue of TDS certificates to vendors within due date
• Manage withholding tax requirements for payments to vendors, contractors, and service providers in compliance with tax laws and regulations.
• Ensure submission of documents required for scouting or appeal
• Ensure resolution of queries raised relating to income tax and storing various opinions

2) Monthly/Quarterly/Annual Books closing :

• Complete provisions for expenses as per audit schedule
• Calculation of tax provisions, deferred tax calculations, and tax disclosures for financial statements in accordance with Ind AS. Accounting entries in connection with the same.
• Provide audit schedule for areas handled to statutory auditors

3) Vendor payments :

• Ensure vendor payment is made within 7 days by finance department
• Ensure compliance of direct and indirect laws & MGL internal controls/procedures before releasing any bill for payment
• Prepare presentation for open meeting covering points directed by the HOD
• Prepare various analysis as per direction from the HOD/HOF

4) External stakeholders management:

• Interact and resolve queries related to TDS raised by vendors
• Communicate external consultants for filing schedule E as per PNGRB requirement

5) Internal stakeholders management :

• Co-ordinate with C & P department to comply C & P procedure like tender opening etc.
• Collect data from RRM department to prepare computation & Schedule-E working
• Collect data from other departments required for tax audit or other income tax related work

6) Tax Advisory and Support:

• Provide tax advice and guidance to internal stakeholders, including finance, procurement, and legal teams, on tax implications of B2B/B2C transactions, contract terms, promotion schemes etc.
• Collaborate with external tax advisors, consultants, and legal counsel as needed to address complex tax issues and optimize tax outcomes for the business.
• Conduct tax research and analysis to identify opportunities for tax savings, incentives, and exemptions available under tax regulations.

8) Tax Assessment Representation:

• Liaise with Income Tax Authorities for scrutiny, assessment, and appeal proceedings through consultant.
• Respond to notices issued under various sections of the Income Tax Act through consultant.
• Prepare and present accurate submissions, explanations, and clarifications to queries raised by tax officials.
• Draft replies to show-cause notices, assessment notices, and penalty notices.

Preferred candidate profile

2-8 years of experience in accounting & taxation & in SAP (FICO) module