Manager, Direct Taxation

Job Purpose -

Handling of Direct Tax related Statutory compliances for ISB as a whole including TDS monthly reconciliation and payment,Quarterly Filing of TDS Returns(24Q , 26Q & 27Q), Form 16A dissemination to vendors, Annual Filing of Income Tax Return, Income Tax Forms and any other statutory compliances.

Quarterly Reviewand reconciliation of TDS Payable & TDS Receivable. HandlingIncome tax schedules for Statutory audits and assisting in closure of statutory, internal and IFC audits. Handling notices and preparing draft response to the notices in support with external consultants, making submissions and representing to tax authorities.

Job Outline

The job involves:

• Research, analysisand advisory for Direct tax law & rules applicable including international taxationand DTAA.
• Preparation , Review and reconciliation of monthly TDS liability and remittance of TDS liability via Challan payments.
• Review and reconciliation and ensuring proper recording of TDS and TCS receivable.
• Preparing and filing of quarterly TDS returns and sharing TDS certificates.
• Filing of Income Tax Forms such as Form 15CA and Income Tax Return.
• Filing lower TDS certificate, tax residency certificate, SFT, etc.
• Handling Income Tax relatedschedule preparation on Monthly & Annual basis for submission to management including Statutory and Internal Auditors.
• Preparing and submitting noticeresponses and representing before tax authorities.
• Assisting in legal vetting and drafting w.r.t.tax clauses.
• Organizing training and preparing tax notes on recent developments in tax.
• Coordination with internal & external departments, consultants and authorities.

Job Specification

Qualification

Chartered Accountant

Knowledge:

Skills:

Technical

SAP Accounting, Advanced Excel, Analytical and Presentation skills

Behavioural

Good Communication Skills, Time Management, Attention to Detail, Proactive Mindset & Collaboration

Experience: 3-5 years of post-qualification experience

Job Interface/Relationships:

Internal

• All the departments at both campuses

External

• Auditors
• Tax Consultants
• Tax authorities
• Vendors/ Faculties
• Customers

KRA - Review, reconciliation & timely Filing of all annual Tax Returns & Forms

KPI - Timely Preparation & filing of Annual Income Tax returns (ITR 7), Form 10, Submission of data & support in Finalization of Tax audit

Measure - Accuracy of data, timely filing of returns and reconciliations

Weightage - 30%

KRA - Review &reconciliation TDS Receivable & Payable and efficient compliance of TDS

KPI - Timely payment of TDS challans, filing quarterly returns, reconciliation and issuance of TDS certificates and guidance to AP team for proper accounting of TDS deductions

Measure - Accuracy of data, timely filing of returns and reconciliations

Weightage - 30%

KRA - Timely and efficient compliance with Income Tax Notices

KPI - Preparation and timely submission of responses to the notices

Measure - No foreseeable additional tax liabilities and reduced no. of notices

Weightage - 20%

KRA - Advisory, training, resolving queries and providing timely information to the internal and external stakeholders

KPI - Resolving all the queries on domestic and foreign transactions, advising team on tax related aspect and providing training on recent updates in tax

Measure - Zero escalations, proactive updates on tax and initiatives to automate the process

Weightage - 10%

KRA - Monthly MIS reports submission to AD Finance

KPI - Preparation of Monthly Schedules of all Income Tax related schedules for review and submission to Management

Measure - Accuracy of data recon and timely submission with all status of all compliance due dates

Weightage - 10%