Jacobs Sr. Executive - Taxation in Mumbai, India
Sr. Executive - Taxation
Interaction with overseas offices in relation to the assignment of the expatriate.
Discussion with tax consultants of the tax implications arising from assignment conditions.
Meeting with expats and to explain about Indian tax in laws in general.
To arrange for entry briefing and exit briefing from Deloitte India.
Coordination with expatriate for PAN application and bank account opening formalities.
Interaction and correspondence with overseas offices on various tax issues of expatriates.
Calling for monthly payroll details of expat from their home country.
Coordination with tax consultants for calculating monthly withholding tax in India
Verifying the working of withholding tax liability.
Ensuring payment of withholding tax liability within due dates.
Providing clarifications to tax consultant about queries raised.
Coordinating with overseas entities for the remittance of Withholding tax amounts.
Verifying and filing quarterly e-TDS Returns in respect of expats salary.
Verifying From 16A for expats
Collating information about perquisites given to expats like accommodation, servant salary, car perquisite, electricity, telephone etc.
Follow-up with expat to provide the details of other income if any earned in India.
Co-ordinating with expat for payment of self-assessment tax if any.
Coordinating with tax consultants for preparation income-tax returns of the expatriates.
Verifying the Income-tax Return and ensuring filing of expat tax return.
Resolving tax and other queries of expatriates
Monitoring the expat tax account and ensuring that withholding tax payments are collected from respective country on time.
DIRECT TAX FUNCTIONS
Calculating advance tax liability.
Ensuring electronic payment of advance tax before due dates
Coordination with other teams and preparation of the 3CEB form alongwith annexures in respect of Transfer Pricing certificate
Getting segmental accounts audited
Review of transfer pricing documentation in form of TP Study
Liaisoning with transfer pricing auditors to have the relevant forms audited
Coordination with other trams and preparation of the 3CD form alongwith annexures in respect of tax audit
Liaisoning with tax auditors to have the relevant forms audited
INCOME TAX RETURNS:
Preparation of tax computation
Preparation and filing of electronic return form.
Ensuring filing of tax return before due dates
YEARWISE STATUS OF TAX MATTERS:
Keeping track of notices received, date of hearing of assessments
Follow-up with tax refunds
Filing rectification application / order giving effect to various orders
Updating tax tracker
Updating the details of payment made to tax consultants
Maintaining of historic data of various tax issues year-wise.
TAX EFFECT ACCOUNTING:
Keeping the tax balances as per the accounting standard
Passing the accounting entry once order is received from tax department
Maintaining prior year chart of tax provision and tax payment made
Coordinating for information, analyzing the information before it is presented.
Discussing with tax consultants on contentious issues.
Preparing submissions to be made before Income tax authorities.
Appearing before the Income tax authorities on notices received.
Analysing the orders and filing appeal with the assistance of tax consultants.
TRANSFER PRICING ASSESSMENTS:
Coordination and compilation of information to be provided to consultants for transfer pricing assessments
Appearing before transfer pricing officer alongwith the tax consultants
Providing information, liaisoning and strategizing with PwC / EY on the positions to be adopted in respect of the issues in appeal before Income tax Appellate Tribunal / Commissioner of Income tax (Appeals) / Dispute Resolution Penal
Appearing before the above authority alongwith tax consultants.
Analysing the orders received from the appellate authorities.
Follow up with Income tax authorities for issuance of the orders giving effect to the appellate orders.
Guidance to AP team on withholding taxes
Verification of the monthly TDS liability and uploading payments
Checking of Quarterly TDS returns and ensuring that they are filed by the due date.
Correspondence with Income tax authorities for any communication received from TDS cell
Preparation of deferred tax provision statement
Preparing of notes to accounts – related party
Preparing of provision for tax working
Making monthly provision for tax entry
Preparation of quarterly tax pack
Preparation of 5471 report required by PwC US
Cash flow statement
FOREIGN COMPANY RETURS
Review of tax computation and ensuring filing of tax return before due dates
Ensuring that transfer pricing certificate for foreign entities is obtained
Coordinating with foreign entities and tax consultants for foreign company tax assessments
Coordinating with sales / legal team / operations team on various proposals
Obtaining the tax questionnaire
Structuring of contracts in tax efficient manner
Coordinating with tax councils of other countries
Providing tax advice and taking stand wherever required
- Analyzing the impact of the Income-tax Notification/Circulars on the Company and guiding the relevant personnel to ensure proper compliance.
Chartered Accountant with 4-6 years experience in direct tax
Job Location - Airoli
Primary Location India-India Countrywide-Mumbai
Travel Yes, 10 % of the Time
Req ID: ACC00008X