Accounts and Direct Tax

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.