Job Details-Asst. Manager / Manager - Direct Taxation with a leading CA Firm in Mumbai

Job Description

Designation: Assistant Manager/Deputy Manager 

Work Mode: Hybrid (4 days of office and the rest of the days' work from home)

Work Timing: Monday to Friday 9 hours, and for Saturday 4.5 Hours 

JOB RESPONSIBILITIES
Looking for someone with Direct Taxation experience, an articulate, fast learner with good research and interpretation skills. The profile offers a great combination of advisory and compliance work.It also gives a great opportunity to someone who is looking to advance his/her career in International Taxation. Adequate Training will be given to the CA in DTAA and FEMA laws.

Advisory:

1. Advising NRI clients on Domestic Tax, DTAA, FEMA & Legal matters
2. Handling complex queries from Banks & NRI Clients – Tax, DTAA, FEMA &related compliances
3. Residential Status and allied Tax Planning for NRI/RNOR clients
4. Advising NRI clients on purchase /sale of immovable property in Indiaincluding TDS provisions, reinvestment benefits, legal processes, etc.
5. Estate Planning through WILL/ formation of Trusts
6. Returning Indian and Recent Immigrations – Tax and FEMA advisory
7. Structuring in set up of entities in India/Dubai/Singapore/other countriesconsidering Income tax laws, international tax laws, FEMA, and otherapplicable statutes
8. Assist GPK Dubai Office with queries on Tax & FEMA, if any
9. Advising on borrowing and lending in India and outside India, giving andreceiving Gifts in India as per Income Tax Act and FEMA
10. Advisory on Foreign Investments like Investment under FDI, Investmentthrough Proprietorship Concern.

Compliances:

1. Preparing and supervising Income Tax Returns (including AL and FA schedules)
2. Tax Liability and Advance Tax computations prepared by juniors of HNI andother NRI/RNOR/ROR clients
3. Filing Form 67 for Foreign Tax Credits
4. Filing Form 10F (with TRC) for DTAA benefits
5. Attending various Notices, Scrutiny Assessment, Reassessment cases including DRP, CITappeals (as needed)
6. Repatriation / Remittances (Form 15CA/CB)
7. LRS requests from Banks/ NRI Clients
8. Tax Exemption Certificate (TEC) / Lower Deduction certificate (Sec. 197)applications
9. Cases of Income Tax Refund reissue, demand adjustment, failure etcand ensuring resolution
10. Attending to PAN/Aadhaar card issues of NRI clients
11. Filing Updated Income Tax Returns
12.  Application of Condonation of Delay to Income Tax Departmentand submitting Basis of Filing Tax Return as needed for HNIclients
13. Filing RBI applications as per FEMA provisions and Compoundingapplications in the case of non-compliances under FEMA

Required skills: 2-5 experience in Direct Tax which includes:

•  Preparing and filing Income Tax Returns
• Tax Liability and Advance Tax computations
• Attending Notices from the Income Tax Department such as non-filing, 143(1), 201, etc.
• Attending Scrutiny and Reassessment cases
• Computation of Capital Gains as per Income tax laws (for Shares, Mutual Funds, Immovable Property, etc).
• TDS rates as per Income tax laws
• Residential Status and Scope of Total Income provisions as per Income tax laws
• Sale of immovable property in India - TDS applicability, lower deduction certificate, reinvestment benefits, etc.