Account Executive(TDS/TCS Compliance)

Sketch Career

Working closely with business and finance teams to ensure timely TDS compliances, support in TDS issues resolution and ensuring end-to-end control with respect to TDS/ TCS transactions incl. foreign remittances

Review and reconciliation of TDS/ TCS Liability with GL, trend analysis of the TDS / TCS payments and reasons for variances, ensuring the reconciling differences are resolved by close coordination/ collaboration with the relevant stakeholders

Review/ Preparation, Reconciliation and ensuring timely filing of TDS / TCS Returns (26Q, 27Q) after due validation and ensuring proper discussion, review and sign-off of the Senior Manager/ Manager Taxation

Solving queries raised by vendors in relation to TDS mismatch by closely working with the relevant stakeholders engaged in the process.

Ensuring end-to-end control with respect to all TDS / TCS compliances and being accountable to Senior Manager, Manager Taxation

Working closely with the relevant teams/ stakeholders to guide and verification of the documents required for TDS compliances, including TRC, 10F and No PE Declaration, Determination of TDS percentage to be deducted on the basis of documents received, Further analysis of TDS percentage to be deducted on the basis of Income Tax Act or Treaty, Issuance of Form 15CA-CB. Ensuring end-to-end repository of documents and Form 15CA/ 15CB in relation to the foreign remittances

Tracker updation, internal audit requirement, Query solving on mail received from different teams etc.

Ensuring Reconciliation and Control over 206(1H) and 194Q

Follow-up with Dept and Consultant for Refund and Settling of past Litigation matters.

Reply to Notices received from TRACES and other Govt Portal. Also to track new notices received from IT Portal.

Preparation of tax audit schedules . TDS/ TCS provisions of the Income-tax Act, 1961

Ensuring resolution of open traces demands and ensuring no new demands arise upon filing of quarterly TDS/ TCS returns. If such situation

Experience : 2 - 5 Years

No. of Openings : 2

Education : CA

Role : Account Executive

Industry Type : Banking / Financial Services / Stock Broking

Gender : [ Male / Female ]

Job Country : India