Job Description – Manager – Direct Taxation
Department: Finance & Accounts
Location: Mumbai
Reporting To: Lead – Taxation
Job Summary:
The Manager – Direct Taxation will support the Lead – Taxation in managing routine tax matters and assist the Accounts team in resolving TDS/TCS-related queries. The role involves ensuring timely tax compliance, accurate tax filings, tax computations, documentation, and coordination with internal teams, vendors, and auditors in accordance with applicable income tax laws and regulations.
Key Responsibilities:
Responsible for CA certification, filing of Form 15CA for payments to non-resident vendors, and ensuring proper documentation.
Handle TDS/TCS-related queries from internal teams, business units, and vendors.
Review TDS/TCS returns periodically before filing to ensure accuracy and compliance.
Communicate with vendors regarding withholding tax requirements, collect the necessary documentation, and ensure compliance.
Prepare annual and quarterly tax computations, including quarterly advance tax workings.
Prepare tax audit forms and supporting details, review Form 3CEB and related documentation, and ensure timely filing of income tax returns.
Review related-party transaction (RPT) details periodically and coordinate transfer pricing documentation.
Review tax submissions and appeals and ensure the availability of supporting documentation.
Prepare submissions for review on tax matters handled internally.
Coordinate with various departments to collect relevant data and ensure timely tax compliance.
Maintain proper documentation and records to support tax filings, audits, assessments, and other tax proceedings.
Manage physical and digital records relating to tax assessments, tax appeals, and tax proceedings for all relevant years.
File other applicable forms and returns to ensure compliance with the Income Tax Act and related rules.
Provide necessary support and information to statutory and internal auditors.
Support changes in systems and reports required to ensure tax compliance and improve reporting accuracy.
Monitor changes in tax laws and regulations and assist in implementing applicable updates.
Key Result Areas (KRAs):
Ensure timely completion of tax compliances and advance collection of the required information.
Ensure timely preparation, uploading, and filing of Form 15CA/15CB to support smooth business operations.
Ensure proper reconciliation of tax balances and timely payment of tax liabilities.
Maintain accurate tax records and documentation for audits, assessments, and appeals.
Ensure accuracy and timeliness in tax computations, return filings, and statutory compliance.
Educational Qualification:
Chartered Accountant (CA).
Work Experience:
Minimum 3 years of post-qualification experience in taxation.
Skills and Knowledge:
Strong knowledge of direct tax laws, rules, and regulations.
Ability to understand tax treaties and withholding tax provisions.
Awareness of changes in tax laws applicable to individuals and organizations.
Knowledge of TDS/TCS compliance, advance tax calculations, tax audits, income tax return filing, and transfer pricing documentation.
SAP knowledge will be preferred.
Proficiency in tax-related documentation and MS Excel.
Competencies:
Flexibility and adaptability to changing requirements.
Strong sense of responsibility and accountability.
Good communication and coordination skills.
Attention to detail and accuracy in tax-related work.
Willingness to read, understand, and continuously learn about taxation.
Ability to support organizational objectives and work collaboratively with the taxation and accounts teams.
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