Direct Taxation Manager

Role & Responsibilities

Tax Planning and Strategy:

• Strategizing tax savings

  for individuals or businesses to minimize tax liabilities while ensuring compliance with applicable laws.

• Analyzing and advising

  on tax implications of various business activities, mergers, acquisitions, and restructuring.

• Exploring exemptions, deductions, and rebates

  that can be leveraged to reduce taxable income.

Tax Compliance:

• Filing tax returns

  for individuals, companies, and other entities in accordance with the law.

• Ensuring timely submission

  of tax payments and filing of returns (e.g., income tax returns, corporate tax returns).

• Ensuring compliance

  with the relevant provisions of the Income Tax Act and other tax-related laws.
• Maintaining

  proper documentation

  of tax records and returns for audit purposes.

Tax Audits and Investigations:

• Preparing for and managing audits

  conducted by tax authorities (such as the IRS or local tax agencies).

• Coordinating with tax authorities

  during audits or investigations to provide required information.
• Identifying and addressing any discrepancies or issues raised during audits.

Tax Reporting and Documentation:

• Preparing tax reports

  and statements, ensuring accuracy and clarity of all tax filings.

• Managing tax-related filings

  for businesses, including income tax, GST (if applicable), and other direct taxes.
• Updating records regularly to reflect any changes in tax laws or personal/business situations.

Advisory Services:

• Providing

  guidance on tax matters

  to clients, businesses, and individuals regarding the implications of specific transactions.
• Offering insights on

  international tax issues

  , transfer pricing, or cross-border taxation if applicable.

• Advising on tax-efficient structures

  for investments, business operations, and property ownership.

Risk Management:

• Identifying potential tax risks and

  suggesting ways to mitigate them

  through proactive planning.
• Addressing tax controversies or disputes and

  negotiating settlements

  where required.

Updating on Tax Laws and Changes:

• Staying current with changes

  in tax laws, regulations, and case laws that may affect clients or the business.

• Advising clients on new tax developments

  (e.g., changes in tax rates, new tax policies) and how they affect their liabilities.

Representation before Tax Authorities:

• Representing clients in

  appeals, assessments, and disputes

  with tax authorities.
• Managing communications and negotiations to ensure compliance with the tax regulations and resolve conflicts.

These roles require a deep understanding of tax laws, meticulous attention to detail, and the ability to work under pressure to ensure that clients or businesses adhere to tax requirements efficiently and legally.