Manager - Direct Tax & Transfer Pricing

Role & responsibilities

1. Preparation of Monthly Tax Computation, Advance Tax Working, Annual Tax Return

• To accurately estimate the monthly tax liability based on the companys financial performance.
• To calculate and ensure timely payment of advance tax as per the Income Tax Act requirements.
• To ensure accurate and timely filing of the companys income tax return.

2. Review of Income Tax Audit Report and Transfer Pricing Audit Report

• Ensure that the statutory tax audit report (Form 3CD) accurately reflects the companys financial and tax positions, and is compliant with the Income Tax Act, 1961.
• Ensure the accuracy, completeness, and regulatory compliance of the transfer pricing documentation submitted to the tax department.

3. Handling Corporate Tax and Transfer Pricing Litigations before Commissioner (Appeals), DRP, Tribunal, and High Court

• Managing Direct Tax and Transfer Pricing Litigation Strategy
• Drafting & Reviewing Submissions and Appeals
• Representation and Hearings
• Case Documentation and Compliance
• Risk Assessment and Reporting

4. Drafting and Maintaining TP Study Report, Country by Country (CbCR) Compliance, and Financial Segmentation for Transfer Pricing (TP)

• Review annual TP documentation (Local File) as per Rule 10D of the Income Tax Rules to justify arms length pricing of international and specified domestic transactions.
• Comply with CbCR obligations under Indian regulations (Rule 10DB) aligned with OECD BEPS Action Plan 13.
• Prepare or Review segmented financials for related party and independent transactions to support benchmarking and TP compliance.

5. End-to-End Support for Tax Assessments, Rectifications, Order Giving Effects, and TP Assessments

• Facilitate smooth handling of scrutiny or limited tax assessments under the Income Tax Act.
• Defend the company’s TP positions before the Transfer Pricing Officer (TPO) and ensure compliance with documentation and audit requirements.
• Rectify mistakes apparent from the record in tax orders to prevent excess demand or loss of refund.
• Order Giving Effect (OGE) - Ensure that appellate orders (CIT(A), ITAT, DRP, APA) are implemented correctly and in a timely manner.

6. Preparation of Reports to Parent Company

• To ensure timely and accurate reporting of tax and financial data to the parent company or group headquarters, enabling consolidated reporting, compliance monitoring, and informed decision-making at the group level.

7. Current Tax and Deferred Tax for Tax Accounting (Monthly Basis & Group Reporting)

• Ensure accurate recognition and reporting of current and deferred tax in financial statements, as per applicable accounting standards (Ind AS, IFRS, or GAAP), and support group-level tax consolidation.

8. Handling APA Authorities, Concluding APA and MAP

• Manage Advance Pricing Agreement (APA) and Mutual Agreement Procedure (MAP) processes to obtain certainty on transfer pricing positions and avoid double taxation.

9. Review of Monthly Tax Liabilities for TDS and TCS; Review of TDS/TCS Returns

• Ensure timely and accurate deduction, deposit, and reporting of tax at source (TDS/TCS), minimizing non-compliance risk and penalties.

10.Review of Withholding Taxes on Foreign Remittances Including Form 15CA/CB

• Ensure compliance with Indian withholding tax laws on cross-border payments and proper certification under FEMA and Income Tax regulations.

11.Liaise with Tax Department

• To establish and maintain effective communication and coordination with the Income Tax Department and other relevant tax authorities to ensure timely compliance, address queries, and manage assessments, audits, and litigation processes smoothly.

EDUCATIONAL QUALIFICATIONS Chartered Accountant

RELEVANT EXPERIENCE – Chennai Plant Location

• 8 to 10 years in Direct Tax and Transfer Pricing of Manufacturing operations of similar scale.
• Knowledge of generally accepted accounting principles, IFRS/Ind AS
• Excellent knowledge of the Indian Direct Tax Laws and the working mechanics of the Government departments and dealt with related challenges, to name a few,
• Frequent changes in tax laws and regulations.
• Complex tax assessments and litigations
• Cross-functional data coordination
• Tight timelines during month/quarter/year-end closings
• Transfer pricing and compliances to support cross border transactions
• Handling APA/MAP and international tax requirements
• Interpersonal skills and collaborative working.
• Good analytical and problem-solving skills
• Working presentation skills.
• Good planning and organizational skills to balance and prioritize work