Jacobs Sr. Executive - Taxation in Mumbai, India

Sr. Executive - Taxation

Description

JOB ROLE

EXPATRIATE TAX

  • 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

ADVANCE TAX:

  • Calculating advance tax liability.

  • Ensuring electronic payment of advance tax before due dates

TRANSFER PRICING

  • 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

TAX AUDITS

  • 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

INCOME-TAX ASSESSMENTS:

  • 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

APPEALS:

  • 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.

TDS COMPLIANCE:

  • 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

ACCOUNTS FINALISATION

  • Preparation of deferred tax provision statement

  • Preparing of notes to accounts – related party

  • Preparing of provision for tax working

CORPORATE REPORTING

  • Making monthly provision for tax entry

  • Preparation of quarterly tax pack

  • Preparation of 5471 report required by PwC US

  • SOX questionnaire

  • 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

ADVISORY

  • 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

GENERAL:

  • Analyzing the impact of the Income-tax Notification/Circulars on the Company and guiding the relevant personnel to ensure proper compliance.

Qualifications

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