Assistant Manager - Direct Taxation

Bennett Coleman & Co. Ltd. (The Times of India); Mumbai; On-site; INR 1,200,000 - 1,600,000; Full time

Job summary

A leading media company in Mumbai is looking for an Assistant Manager – Direct Taxation with a minimum of 3 years of experience. Responsibilities include ensuring compliance with TDS payment and filing, handling direct tax payments, and managing litigation processes. Candidates with CA Inter or a graduate degree and knowledge of SAP Finance will have an advantage. The position requires working onsite for 5 days a week.

Qualifications

• Minimum 3 years of experience in handling and assisting direct tax matters.
• Knowledge of SAP Finance module is an added advantage.

Responsibilities

• Manage TDS reconciliation and payments according to due dates.
• Ensure timely filing of TDS returns and handle notices from TDS circle.
• Handle direct tax payment processes and income tax return filing.
• Assist in collating information for statutory forms and provision workings.
• Continuously tracking the status of TDS returns filed and taking timely action in case any demand arises in coordination with the consultant.
• Handling of Direct Taxes including payment and filing of ITR for all entities.
• Assisting in preparation of direct tax provisions and in forms such as Tax Audit Report, Form 67, Country-by-country report.
• E-filing replies on income tax portal and offline, as required.

Skills

TDS Compliance

Statutory Compliance

Litigation handling

SAP Finance module knowledge

Stakeholder coordination

Education

CA Inter or Graduate

Graduate

Tools

SAP Finance

Job description

Job Title: Assistant Manager – Direct Taxation

Work Arrangement: 5 days onsite

Areas of Responsibility (Key Result Areas)

TDS Compliance

• TDS reconciliation prior to due date and TDS payment to be done on due date
• Preparing TDS reconciliation statement and summary of remittance before the due date of payment
• Ensuring the payment of TDS is made on or before the due date
• Preparing detailed summary quarter wise to be submitted to consultant for filing of quarterly TDS return and ensuring the returns are filed on or before due date
• Continuously tracking the status of TDS returns filed and taking timely action in case any demand arises in coordination with the consultant
• Working of LDC done on monthly basis to keep a check if the amount is over utilized in SAP.
• Monthly check on LDC rates with the Lower deduction certificate submitted
• Replying to notices received from TDS circle in a timely manner

Statutory Compliance

• Handling payment of direct taxes including TDS
• Filling income tax return form in prescribed ITR of all entities handled
• Assisting in working of direct tax provision
• Assisting in collating information and filling of various statutory forms such as Tax Audit Report, Form 67, Country-by-country-report, forms related to Charitable Institutions under guidance
• Reconciliation of TDS credit (per Form 26AS) against realized income in accordance with official guidelines.

Litigation

• Handling notices received u/s. 133(6) of I T Act - Coordinating and collating details from other departments, preparing reply and filing with income tax department.
• Collating necessary information for submission in assessments, appeals, etc. as and when required
• Collating information for filing appeals
• E-filing replies on the income tax portal and offline, as required

Experience and Qualification Details

• Minimum 3 years of experience in handling and assisting direct tax matters
• CA Inter or Graduate (knowledge of SAP Finance module is an added advantage)