Inspirisys-Facebook-Page

Accounts and Direct Tax

Location
Chennai
Type
FullTime

Share and Refer Someone

Role Summary:

We are seeking an experienced Accounts and Direct Tax Executive to manage month-end journals related to corporate expenses, ECB & intercompany loan interest, payroll validations, and statutory taxation filings. This role requires deep expertise in payroll accounting, tax compliance, and financial coordination with subsidiaries.

Key Roles and Responsibilities:

Payroll Accounting

  • Validate monthly payroll across all employee categories, including preparation and accounting of journal vouchers (JVs).
  • Manage end-to-end payroll processing for settlement cases (SSF and non-SSF).
  • Track and monitor pending employee settlements exceeding 60 days.
  • Prepare quarterly schedules summarizing payroll and settlement activity on a cumulative annual basis.
  • Reconcile statutory dues related to payroll monthly and advise HR on necessary clearances.

Monthly Provisions

  • Post month-end journals for fixed corporate expenses, ECB & intercompany loan interest, and restatements.
  • Calculate applicable TDS and withholding tax (WHT).
  • Review, validate, and process monthly settlement payments.

Taxation

  • Apply for lower deduction certificates for TDS.
  • File annual tax returns and tax audit reports (Forms 3CD, 3CA, 3CEB, 3CEAA), including corporate income tax returns.
  • Compile data and documentation for income tax assessments and hearing notices.
  • Liaise with tax consultants for appeals and ongoing tax assessments.

Regulatory Compliance

  • Handle RBI filings such as Foreign Liabilities and Assets (FLA) returns.
  • File statistical annual returns and ensure timely submission of documents for foreign currency payments.
  • Coordinate with practicing CAs for CA certification (Form 15CA/15CB), including documentation for tender submissions.

Subsidiary Coordination

  • Prepare and analyze monthly cash flow and perform variance analysis.
  • Coordinate with subsidiary entities for monthly account closures and book finalization.
  • Monitor and reconcile subsidiary books of accounts.
  • Generate monthly MIS reports across various financial schedules.
  • Coordinate with auditors for quarterly and annual audits of subsidiaries.
  • Knowledge of QuickBooks is an added advantage.

Qualification:

  • Minimum 5 years of experience in Accounting and Taxation.
  • CA – Inter qualification is mandatory.
  • Strong verbal and written communication skills.