Role & responsibilities JD for Income Tax Compliance Team Income Tax Compliance: • Prepare and file Income Tax Returns (ITR) for individuals, corporates, and other entities especially Non- Charitable Trust, Section 8 Company etc • Ensure accurate computation of taxable income, deductions, and exemptions. • Review and file tax audits of Corporate and non - corporate TDS Compliance: • Ensure timely deduction, payment, and filing of TDS returns. Review and monitor compliance with TDS provisions on various payments (e.g., salaries, contract payments, interest, etc.). • Prepare and file quarterly TDS returns (e.g., Form 24Q, Form 26Q, Form 27Q , 27EQ). Ensure accuracy in TDS certificates (Form 16/16A) issuance to employees and vendors. Reconcile TDS data between Form 26AS, books of accounts, and TDS returns filed. Respond to notices from the Income Tax Department regarding TDS discrepancies. SFT Compliance: • Prepare and submit the Statement of Financial Transactions (SFT) for the relevant financial year. Ensure accurate and timely reporting of high-value financial transactions as prescribed under the Income Tax Act • Coordinate with various departments (finance, accounts, etc.) to capture and validate transactions that meet the SFT criteria. Review and reconcile SFT data to ensure compliance with the Income Tax Department's guidelines. Address and resolve any discrepancies or queries related to SFT submissions raised by the Income Tax Department. Form 15CA/15CB Compliance: • Ensure proper and timely filing of Form 15CA for remittances made to foreign entities, in compliance with Section 195 of the Income Tax Act. • Review and monitor the remittance process to ensure that the correct amount of TDS is deducted and remitted on foreign payments. Advise internal teams on the requirements for filing Form 15CA/15CB and the implications of non-compliance. • Analyze foreign remittances and verify the applicable TDS rates based on double tax avoidance agreements (DTAA), if any. • Ensure proper documentation and certification (Form 15CA/15CB) for cross-border transactions to avoid any penalties. Conduct Internal Audits across various industries Perform GST Audits , including reconciliation and return review Handle assignments independently with minimal supervision Ensure timely and accurate compliance with TDS, GST, Income Tax , and other statutory requirements Prepare audit reports, working papers, and compliance documentation Collaborate with clients and internal teams effectively Work extensively on Microsoft Excel for data analysis and reporting Utilize Tally and Google Sheets for accounting, documentation, and tracking Communicate clearly and professionally with clients and stakeholders Preferred candidate profile Qualified CA and Semi- CA (Completed IPCC with articleship). 1 to 5 years of years of relevant experience. Proficient in Microsoft Office , particularly Excel (VLOOKUP, Pivot Tables, etc.)
