Selected Intern's Day-to-day Responsibilities Include Ensure timely calculation and monthly payment of TDS under relevant sections of the Income Tax Act. Prepare and file quarterly TDS returns such as Form 24Q, 26Q, 27Q, etc., and reconcile challans with deductions. Handle client queries related to TDS applicability, deduction rates, and compliance issues. Resolve TDS-related demands and defaults by filing correction returns and responding to notices on TRACES. Prepare and file Income Tax Returns (ITRs) for individuals, firms, and companies with accuracy. Assist in conducting tax audits, compiling financial data, and preparing audit reports as per Form 3CD. Calculate advance tax liabilities and ensure timely payment as per applicable schedules. Operate and manage government portals like TRACES and the Income Tax e-filing portal, effectively. Maintain professional communication with clients and ensure clarity in addressing their tax-related concerns. About Company: ATMS & Co. LLP is a chartered accountant firm based in Thane, specializing in providing consultancy services related to financial and legal matters, accounting, tax management, auditing, wealth management, and knowledge process outsourcing. Over the years, the firm has gained extensive expertise across a wide range of services, each designed to complement and add value to businesses. Show more Show less
As an intern at M/s ATMS & Co. LLP, your primary responsibilities will involve assisting in the preparation and review of tax returns for individuals, businesses, and organizations to ensure accuracy and compliance with tax laws. You will be expected to communicate effectively with clients to collect necessary financial information, address inquiries, and offer tax-related advice as needed. Staying updated on changes in tax laws and regulations is crucial, and you will be required to conduct research to guarantee precise tax filings. Your role will include analyzing financial data like income statements and balance sheets to calculate tax liabilities accurately. Additionally, you will assist in tax planning activities, which involve estimating tax liabilities and identifying opportunities for tax savings. Maintaining well-organized records of financial documents, tax returns, and client correspondence will be part of your daily tasks. You will be responsible for filing tax returns either electronically or by mail, ensuring timely submission to tax authorities. Furthermore, you will support in addressing tax audits and inquiries from tax authorities by providing requested documentation and information promptly. Educating clients on tax-related matters, including deductions, credits, and strategies for minimizing tax liabilities, will be a crucial aspect of your role. Collaboration with other members of the tax team to exchange knowledge and expertise is essential to deliver high-quality service to clients consistently. About Company: M/s ATMS & Co. LLP is a chartered accountant firm located in Thane. The company specializes in providing consultancy services related to financial and legal matters, accounting, tax management, auditing, wealth management, and knowledge process outsourcing. With a focus on delivering comprehensive services that enhance businesses, the firm has acquired expertise in various domains over the years.,