Direct Tax Manager

JOB DESCRIPTION

Position TitleManager-Direct TaxationJob CodeM6-S11Job Description Author Sector Finance & AccountsBusiness / FunctionDirect TaxationDepartment / Sub DepartmentTax Compliance-Direct TaxationDesignationManagerJob Responsibility Level LocationDelhiDate08/09/2016

1. JOB PURPOSE

(Briefly describe the general purpose of the position or its significance from the organisation's point of view and how it contributes to the overall mission/objective of the organization).

Handling of Direct tax related matters of the Company pertaining to estimation of advance tax liability, advise on withholding tax related provisions, representation before taxation authorities, obtaining of Lower tax deduction certificates from tax authorities, assistance in tax audit and other day to day direct tax compliances.

1. ORGANISATIONAL CHART

{Please complete the organization chart below using only the generic (e.g. VP) and descriptive (e.g. VP Finance) job titles}

Comments:

• Please detail dotted / matrix/dual reporting relationships

• KEY ACCOUNTABILITIES

(List the responsibilities/duties associated with the job. For each responsibility/duty listed, give the factors on which an individuals performance is judged).

AccountabilitiesKey Performance IndicatorsEnsuring timely filing of Tax Audit report & Form 3CEB along with coordination with Tax Auditors so as to have no adverse qualification

• Ensure timely filing of tax audit report and form 3CEB
• Ensure clean audit report from the auditors

Computation of total income & tax thereon and filing of IT return with in statutory time limits

• Ensure accuracy in the IT return
• Ensure timely filing of IT return

Ensuring timely payment of Statutory dues (TDS)and submission of returns within statutory time limit along with rectification of TRACES default

• Ensure Accuracy in the TDS returns
• Ensure timely payment of TDS dues

Resolution of Audit queries of Internal & Statutory Auditors and taking corrective action on observations made by MAG for closure thereof.

• Ensure clean audit report from the auditors

Providing information/details for various fund raising initiative at DIAL/GAL

• Ensure provision of complete and accurate information

Providing desired support/guidance to various departments on tax related issues and compliance thereof and timely action on various tax amendments

• Advising any amendments in tax laws and implementation thereof

Ensuring timely submission of Appeals & reply of all letters/Show Cause notice/Notices received from tax departments and represent our case before the statutory authorities

• Ensure timely filing of appeal/ reply to SCN raised by tax authorities

Review of TDS receivable with form 26AS, TDS certificates received and books of accounts so as to claim full TDS in ITR

• Ensuring claim of full TDS credit

Analyzing & submission of information/documents for IT assessment &TP assessment along with presentation of the case before the AO.

• Ensuring timely submission of information within due date
• Ensuring completion of assessment proceedings in time

Ensuring submission of documents/information for filing LTDC application and 281 application

• Ensuring availment of LTDC

Internal Controls: Ensuring proper control system in place to avoid any non compliance Team Development: Develop functional skills of sub-ordinates by providing them training, understand and address their concerns and provide environment for them to develop.Training needs, Additional tasks assigned from time to time.

1. INTERACTIONS

(Describe the job roles that you interact with inside or outside the company to enable you to meet your accountabilities)

External - Roles you need to interact with outside the organization to enable success in your day to day workInternal - Roles you need to interact with inside the organization to enable success in your day to day workExternal interaction consists of interaction with the statutory authorities like Assessing Officers, Deputy Commissioner, Assistant Commissioner, etc.Internal interaction consists of interaction with the various departments such as Procurement, Payable, Revenue and CommercialWith statutory auditors and Tax auditors regarding audit issuesInteraction with Corporate Tax departmentWith vendors/customers on any tax related issues

1. DIMENSIONS

(List the significant numerical data which will reflect the scope and scale of activities concerning this job).

Financial Dimensions
(These should be quantifiable numerical amounts like annual budgets, project costs, annual revenue, purchase value etc.).
Estimation of advance tax liability of around Rs. 200 crores.
Obtaining of LTDC from taxation authorities for annual revenue of around Rs. 5300 crores.
Deposit of monthly TDS liability amounting to Rs crores (approx..)
Other Dimensions
(Indication of some of the significant volumes associated with the job like number in team/ staff handled etc).
Responsible for managing a team of 2-3 peoples

1. SKILLS AND KNOWLEDGE

(State the minimum acceptable proficiency for this job which best indicates the education and/or experience requirements of this job and not the incumbent).

Educational Qualifications
Qualified Chartered Accountant

Core competencies and General Skill & Attributes,

Core competencies:

• Expert knowledge of income tax matters
• Expert knowledge of transfer pricing regulations
• Expert knowledge of handling income tax litigation matters before various statutory authorities
• Excellent drafting skills
• Keeping abreast of latest day to day tax amendments/ tax reforms
• Providing guidance on taxation matters to team members within the organization
• Ability to address various audit issues related to taxation arising from time to time and ensure clean audit reports

Skills required:

• Problem solving, analytical skill, excellent problem solving skills, creativity, decision making, leadership and team management, team player, interpersonal skill, effective communication, manage multiple priorities and stakeholder management.

Relevant and total years of Experience
8-10 years of post qualification experience with minimum 4-5 years experience in similar profile
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