Income Tax

Role Overview

We are seeking a detail-oriented and proactive Income Tax / Direct Tax Executive with 14 years of hands-on experience in direct tax compliances. The ideal candidate will be responsible for managing monthly TDS activities, statutory filings, tax audits, and addressing income tax-related matters to ensure full compliance with regulatory requirements.

Key Responsibilities

1. Monthly TDS Compliances

• Ensure accurate computation and timely deduction of TDS as per applicable provisions.
  
• Prepare and process monthly TDS payments within statutory timelines.
  
• Maintain updated knowledge of TDS sections, rates, thresholds, and recent amendments.
  

2. TDS Returns Filing

• Prepare and file quarterly TDS returns (Form 24Q, 26Q, 27Q, 27EQ).
  
• Coordinate with internal teams and vendors to validate supporting documents.
  

3. TDS Receivable Reconciliation

• Regularly reconcile Form 26AS, TRACES data, and books of accounts.
  
• Identify mismatches in TDS receivable and follow up for corrections.
  
• Track TDS certificates (Form 16/16A) and ensure timely collection and validation.
  

4. Tax Audit & Schedules

• Assist in preparation of tax audit reports (Form 3CD) and related annexures.
  
• Prepare and manage tax audit working papers and supporting schedules.
  
• Coordinate with auditors and provide necessary details for completion of audits.
  

5. Income Tax Return (ITR) Filing

• Prepare and file income tax returns for individuals, firms, LLPs, and companies as applicable.
  
• Verify data accuracy in financial statements and tax computation before filing.
  
• Maintain documentation to support tax positions and computations.
  

6. Handling Income Tax Notices & Tracker Maintenance

• Draft replies to Income Tax notices, queries, and other departmental communications.
  
• Coordinate with tax authorities for assessments, rectifications, and follow-ups.
  
• Maintain an updated tracker for all ongoing and completed income tax matters.
  
• Ensure timely escalation and resolution of critical issues.
  

Required Skills & Qualifications

• Bachelors or Master’s Degree in Commerce, Accounting, or related field.
  
• 1–4 years of experience in direct tax/TDS compliance.
  
• Strong understanding of Income Tax Act, TDS provisions, and tax audit requirements.
  
• Experience working with Tally / ERP systems and TRACES portal.
  
• Proficiency in MS Excel (VLOOKUP, Pivot tables, reconciliation tools).
  
• Good communication skills for drafting replies and coordinating with stakeholders.
  
• Ability to work independently and manage multiple deadlines.