CA required at Jacobs

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  1. Bhuvi Gupta
    Bhuvi Gupta on Apr 18, 2016
    Manager - Direct Tax-(ACC000018)
    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 4-5 years experience in direct tax



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