Income Tax Compliance Specialist

5 - 9 years

0 Lacs

Posted:2 days ago| Platform: Shine logo

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Work Mode

On-site

Job Type

Full Time

Job Description

As an experienced professional in Income Tax Compliance, your main responsibilities will include preparing and reviewing Income Tax Returns (ITR) for individuals, companies, and partnerships in accordance with Indian Income Tax Law. You will need to ensure compliance with tax provisions related to TDS (Tax Deducted at Source) and other direct taxes in India. Regular reviews will be necessary to confirm that tax filings and assessments align with the Indian Income Tax Act. Your expertise will be crucial in advising on effective tax planning strategies to minimize tax liability within the Indian tax laws framework. It will be your duty to guarantee timely filing of income tax returns (ITR) and adherence to all deadlines. Additionally, you will be managing tax audits and assessments, which will involve liaising with the Income Tax Department and representing the organization in front of tax authorities for assessments, appeals, and disputes. Key Responsibilities: - Prepare and review Income Tax Returns (ITR) for individuals, companies, and partnerships - Ensure compliance with tax provisions related to TDS and other direct taxes - Advise on tax planning strategies to minimize tax liability - Manage tax audits and assessments, including liaising with the Income Tax Department - Represent the organization in front of tax authorities for assessments, appeals, and disputes - Stay updated on changes in Indian tax laws, including amendments in the Finance Act and other applicable tax regulations - Provide tax planning and advisory services to enhance tax efficiency while maintaining compliance - Offer guidance on accounting treatments under Ind AS and ensure alignment with tax regulations - Collaborate with the finance team to ensure statutory audit and tax matters are in line with financial reporting requirements - Assist in preparing monthly, quarterly, and annual financial statements Qualifications Required: - Minimum 5-6 years of experience in statutory audits and income tax compliance in India - Semi-qualified with no ongoing exam appearances - Strong understanding of Indian Accounting Standards (Ind AS), Companies Act 2013, Income Tax Act, GST Law, and Transfer Pricing Regulations - Proficiency in accounting software like Tally, SAP, or any other ERP system, as well as Microsoft Excel and other tax tools - Excellent verbal and written communication skills to explain complex tax and audit matters effectively - Strong attention to detail and excellent problem-solving skills - Ability to work collaboratively with various departments as a team player This position requires in-person work at the designated location.,

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