Direct Taxation Assistant Manager

P R S S & Co; Mumbai Suburban; On-site; INR 600,000 - 1,200,000; Full time

Job summary

P R S S & Co in Mumbai Suburban is seeking a tax professional to handle income tax returns, TDS/TCS filings, tax audits, advance tax planning, and related compliance for diverse clients. The role also involves reviewing accounting data for tax purposes and ensuring portal compliances.

The ideal candidate will possess strong tax knowledge, analytical skills, and proficiency with tax software such as Winman, Tally Prime, MProfit, MS Excel, and Traces.

Qualifications

• Relevant taxation knowledge and accounting understanding.
• Strong client handling and communication abilities.
• Analytical mindset for tax computations and audits.

Responsibilities

• Preparation and filing of Income Tax Returns for companies, HNIs, individuals, partnership firms, LLPs and other business entities.
• Preparation and review of tax computations.
• Reconciliation of AIS, TIS, Form 26AS and books of accounts.
• Computation of taxable income, tax liability and applicable interest.
• Identification of tax issues arising during finalisation of accounts.
• Handling routine client queries relating to Income Tax.
• Preparation and filing of quarterly TDS/TCS returns.
• TDS applicability review and deduction workings.
• TDS reconciliation with Form 26AS.
• Handling TDS defaults and correction statements.
• Review of TDS compliance for corporate, HNI and business clients.
• Preparation of workings and schedules for Tax Audit Form 3CD.
• Compilation and verification of information required for tax audit.
• Working on various clauses of Form 3CD.
• Reconciliation of tax-audit information with financial statements and books of accounts.
• Coordination with clients and audit teams for tax-audit requirements.
• Exposure to tax audits of companies and business entities.
• Preparation of quarterly advance tax computations.
• Analysis of current-year income, TDS/TCS and tax liability.
• Preparation of tax projections for HNIs, companies and clients
• Coordination with clients for advance tax payments
• Preparation and filing of SFT / Form 61A.
• Review of reportable transactions and related information.
• Preparation of tax-related reconciliations and supporting workings.
• Handling routine Income Tax portal compliances.
• Working knowledge of Tally Prime.
• Review of books of accounts and ledgers for tax compliance purposes.
• Basic experience in finalisation of accounts.
• Ability to identify accounting entries having tax implications.
• Review of financial statements for tax compliance and reporting purposes.

Skills

Taxation knowledge

Accounting proficiency

Client communication

Analytical skills

Tools

Winman Income Tax / Tax Audit

Tally Prime

MProfit

MS Excel

Income Tax e-filing Portal - Traces

Job description

Key Responsibilities -

1. Income Tax Returns & Tax Computation -

Preparation and filing of Income Tax Returns for companies, HNIs, individuals, partnership firms, LLPs and other business entities.

Preparation and review of tax computations.

Reconciliation of AIS, TIS, Form 26AS and books of accounts.

Computation of taxable income, tax liability and applicable interest.

• Identification of tax issues arising during finalisation of accounts.
• Handling routine client queries relating to Income Tax.

2. TDS / TCS Compliance -

• Preparation and filing of quarterly TDS/TCS returns.
• TDS applicability review and deduction workings.
• TDS reconciliation with Form 26AS.
• Handling TDS defaults and correction statements.
• Review of TDS compliance for corporate, HNI and business clients.

3. Tax Audit -

• Preparation of workings and schedules for Tax Audit Form 3CD.
• Compilation and verification of information required for tax audit.
• Working on various clauses of Form 3CD.
• Reconciliation of tax-audit information with financial statements and books of accounts.
• Coordination with clients and audit teams for tax-audit requirements.
• Exposure to tax audits of companies and business entities.

4. Advance Tax -

Preparation of quarterly advance tax computations.

• Analysis of current-year income, TDS/TCS and tax liability.
• Preparation of tax projections for HNIs, companies and clients
• Coordination with clients for advance tax payments

5. SFT & Other Direct Tax Compliance -

• Preparation and filing of SFT / Form 61A.
• Review of reportable transactions and related information.
• Preparation of tax-related reconciliations and supporting workings.
• Handling routine Income Tax portal compliances.

6. Accounting & Finalisation -

• Working knowledge of Tally Prime.
• Review of books of accounts and ledgers for tax compliance purposes.
• Basic experience in finalisation of accounts.
• Ability to identify accounting entries having tax implications.
• Review of financial statements for tax compliance and reporting purposes.

Software Skills Essential / Preferred -

Winman Income Tax / Tax Audit

Tally Prime Accounting and Finalisation

MProfit preferred

MS Excel good working knowledge

Income Tax e-filing Portal - Traces