Assistan Manager - Direct TAX

Panacea Biotec; New Delhi; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

Panacea Biotec seeks a detail-oriented Direct Tax Executive to manage end-to-end corporate direct tax compliance, tax accounting, and litigation support. The role includes adherence to Income Tax Act obligations, support on tax audits, and collaboration on withholding tax matters.

The candidate will handle TDS/TCS filing, depreciation schedules, and assist in DTAA benefits while coordinating with auditors and tax consultants during quarterly and annual closures.

Qualifications

• Experience in corporate direct tax compliance and tax accounting.
• Hands-on with TDS/TCS returns and certificates (24Q, 26Q, 27Q, 27EQ).
• Experience with income tax computations, audits, and DTAA benefits.

Responsibilities

• Handle end-to-end direct tax compliance and tax accounting.
• Assist in quarterly advance tax liabilities and IT Returns (ITR).
• Support assessments, litigation, and submissions for scrutiny and appeals.
• Coordinate with auditors and tax consultants during closures and stay updated with tax acts.

Skills

Direct Taxation

TDS/TCS

Tax Audits

Withholding tax

Education

CA (Chartered Accountant)

Tools

TRACES

Income Tax e-Filing Portal

Job description

Role & responsibilities

Role Summary

We are seeking a detail-oriented Direct Tax Executive to manage end-to-end corporate direct tax compliance, tax accounting, and litigation support. The ideal candidate will ensure timely adherence to statutory obligations under the Income Tax Act, assist in tax audits, and support cross-functional teams on withholding tax (TDS/TCS) matters.

Key Responsibilities

TDS / TCS Compliance

• Ensure accurate calculation, timely deduction, and monthly deposit of TDS and TCS across vendor payments, salaries, and cross-border remittances.
• Prepare and file quarterly TDS/TCS returns (Forms 24Q, 26Q, 27Q, 27EQ) and issue TDS/TCS certificates (Forms 16, 16A, 27D).
• Perform monthly reconciliations of TDS ledger balances with Form 26AS, AIS, and TRACES portal, and resolve defaults/short-deduction notices.

Corporate Income Tax & Advance Tax

• Assist in computing quarterly Advance Tax liabilities and preparing annual Income Tax Returns (ITR) and Tax Audit Reports (Form 3CD).
• Maintain schedules for fixed assets depreciation (as per the Income Tax Act), MAT/AMT computations, and deferred tax assets/liabilities (DTA/DTL).

Assessments, Litigation & Advisory Support

• Collate documentation, draft preliminary replies, and compile submissions for income tax scrutiny assessments, appeals (CIT(A)/ITAT), and rectification applications.
• Track tax notices, refunds, and pending demands on the Income Tax e-Filing portal.
• Assist in evaluating withholding tax applicability on foreign remittances (Form 15CA/15CB) and Double Taxation Avoidance Agreement (DTAA) benefits.

Reporting & Stakeholder Coordination

• Coordinate with statutory auditors, tax auditors, and external tax consultants during quarterly and annual closures.
• Stay updated on changes in the Income Tax Act, Finance Act amendments, and CBDT circulars/notifications.

Qualifications & Experience

• Education: Qualified CA
• Experience: 24 years of hands-on experience in Direct Taxation within a corporate finance team or a reputed CA firm.