Accountant(Direct taxation)

Department: Finance & Accounts
Location: Mumbai

Reporting To: Accounting Manager/Financial Manager

Job Summary:

The Direct Tax Accountant is responsible for managing all direct tax-related compliance, assessment, and reporting activities. This role ensures accurate calculation, filing, and payment of income tax, TDS, and other statutory obligations in accordance with prevailing tax laws.

Key Responsibilities:

1. Direct Tax Compliance

• Prepare and file income tax returns for individuals, firms, and companies.
• Compute advance tax and ensure timely payment.
• Handle quarterly and annual TDS (Tax Deducted at Source) return filings (Form 24Q, 26Q, etc.).
• Verify TDS deductions and reconcile with Form 26AS.
• Ensure compliance with all direct tax deadlines and statutory requirements.

2. Assessments and Audits

• Assist in preparation and submission of documents for income tax assessments, scrutiny, and appeals.
• Coordinate with statutory and tax auditors during audits.
• Prepare supporting schedules and reconciliations for tax audits (Form 3CD, etc.).

3. Tax Planning and Advisory

• Support in year-end tax provisions and deferred tax calculations.
• Identify opportunities for tax savings within the legal framework.
• Keep updated with changes in Income Tax laws, notifications, and circulars.

4. MIS and Reporting

• Maintain records of all tax filings and communications with authorities.
• Prepare monthly, quarterly, and annual tax reports for management.
• Support in preparation of financial statements from a tax perspective.

5. Liaison and Coordination

• Interact with external consultants, Chartered Accountants, and tax authorities.
• Handle responses to notices or queries from the Income Tax Department.

Qualifications & Skills:

• Education: B.Com / M.Com / CA Inter / MBA (Finance)
• Experience: 2–10 years of experience in direct taxation and 4-10 years in accounting
• Technical Skills:
• Strong knowledge of Income Tax Act, TDS provisions, and related compliances
• Proficiency in MS Excel and accounting software (Tally, SAP, or similar)
• Experience in using Income Tax utilities, TRACES, and e-filing portal
• Soft Skills:
• Strong analytical and problem-solving skills
• Attention to detail and accuracy
• Good communication and coordination abilities

Preferred Experience:

• Experience in handling tax computations for multiple entities.
• Exposure to transfer pricing or international taxation (added advantage).
• Prior experience in dealing with tax assessments or departmental notices.

Job Type: Full-time

Pay: ₹30,000.00 - ₹40,000.00 per month

Work Location: In person