Sr Executive Direct Taxation

Job description:

• Should have knowledge of provisions of Tax deducted at source (TDS) and Tax collected at source (TCS) and reasonable knowledge of Income Tax Act, 1961
• Determining the monthly TDS /TCS liabilities and ensure timely payment of tax liabilities
• Gather / Compile necessary data, prepare and file TDS / TCS returns
• Filing of Form 15CA for foreign remittances
• Ensure reconciliation of TDS /TCS credit and corresponding income in Form 26AS vis--vis books of account, review the differences and take necessary steps for reconciliation.
• Help in working out quarterly advance tax instalment working, ensure timely payment of quarterly advance tax liability and helping in preparing computation of income of group companies/trusts
• Provide support in compiling /preparing necessary data for filing income tax return
• Provide support in compiling the necessary details for Assessment proceedings /TDS proceedings.
• Maintain proper records and documents for compliance and litigation.
• Stay updated on changes in Income tax law especially related to provisions of TDS/TCS and helping in implementing necessary changes in system
• Resolving queries relating to TDS/TCS of vendors/customers
• Coordination with cross functional teams for above role
• Proficiency in excel and working knowledge of SAP