Deputy Manager Direct Taxation

Role & responsibilities

Job Purpose

• Monthly deposit of TDS and filing of Quarterly TDS Return/TCS Return/Form 15H and dispatching of TDS certificate.
• Filling of correction statement and handling day to day queries related to TDS.
• Preparation of details for leasehold improvement and reconciling the same with fixed assets register.
• Handling Income Tax assessments, appeals, TDS notices, information seeking notices etc.
• Preparation of quarterly Audit data and getting them closed from auditors with no issues.
• Handling Tax Audit and Transfer Pricing compliances.
• Filing of Income tax Return and TP Return
• Handling Franchisee and Sub franchisee accounting.
• Foreign Remittances (including royalty remittance to Dominos and Dunkin International)

TDS

• Monthly Deposition of TDS.
• a. Preparation of reconciliation between TB and GL for ensuring no variances.
• b. Getting working reviewed from seniors well before deposition date.
• c. Uploading challan, getting challan approved, downloading challan for future purpose.
• Filling of Quarterly TDS Return -
• a. Need to ensure to file return with correct PAN number, section, Exemption certificates, Challan Mapping.
• b. Need to keep vigilant eye on TDS exemption certificates and keep a tracking of the same and ensure 100% compliance.
• c. Dispatch of TDS certificates within statutory time limit.
• Correction of TDS Statement for Query raised by LL, Suppliers (Due to Wrong PAN No, Invalid PAN, Mismatch of Credit due to wrong entry passed, Wrong Provision Taken etc.)
• Analysing the nature of services for all new vendors and linking of TDS rate and section in the ERP.
• Ensuring no default in TDS deposition, TDS return filing and Dispatch of TDS certificates.
• Keeping update on various changes in TDS law and taking necessary steps to comply the same.

Other Direct Taxation

• Handling Tax audit and Transfer Pricing related work.
• Handling the income tax assessments including TP assessment.
• Filing of Income tax Return, TP Return.
• Preparation of Income Tax notice tracker and tax file for all notices received.
• Reconciliation of 26AS for TDS to be claimed in the annual return.
• Preparation of sub franchisee schedule, account build up, franchisee fees schedule and statutory dues schedule for quarterly audit and getting them closed without any observation.
• Preparation of data for internal audit and getting it closed without any observation.
• Preparation of TDS reasonability report for all expense GL on which TDS is applicable
• Preparation of franchisee fee and Store opening Fee working for Dominos and Dunkin International on monthly basis and booking of same in the system.
• Remittance of franchisee and store opening fee to Dominos and Dunkin International as per defined timelines, doing necessary documentation and ensuring compliance of all the Income Tax and FEMA provision.
• Coordinating with bank and consultant for completion of documents before remittance due date.

Preferred candidate profile

• Qualification CA
• Experience 3-5 Years in Direct Taxation
• Knowledge of SAP is must