Direct Taxation Manager

Role & Responsibilities

1. Tax Planning and Strategy:

• Strategizing tax savings for individuals or businesses to minimize tax liabilities while ensuring compliance with applicable laws.
• Analyzing and advising on tax implications of various business activities, mergers, acquisitions, and restructuring.
• Exploring exemptions, deductions, and rebates that can be leveraged to reduce taxable income.

2. Tax Compliance:

• Filing tax returns for individuals, companies, and other entities in accordance with the law.
• Ensuring timely submission of tax payments and filing of returns (e.g., income tax returns, corporate tax returns).
• Ensuring compliance with the relevant provisions of the Income Tax Act and other tax-related laws.
• Maintaining proper documentation of tax records and returns for audit purposes.

3. Tax Audits and Investigations:

• Preparing for and managing audits conducted by tax authorities (such as the IRS or local tax agencies).
• Coordinating with tax authorities during audits or investigations to provide required information.
• Identifying and addressing any discrepancies or issues raised during audits.

4. Tax Reporting and Documentation:

• Preparing tax reports and statements, ensuring accuracy and clarity of all tax filings.
• Managing tax-related filings for businesses, including income tax, GST (if applicable), and other direct taxes.
• Updating records regularly to reflect any changes in tax laws or personal/business situations.

5. Advisory Services:

• Providing guidance on tax matters to clients, businesses, and individuals regarding the implications of specific transactions.
• Offering insights on international tax issues, transfer pricing, or cross-border taxation if applicable.
• Advising on tax-efficient structures for investments, business operations, and property ownership.

6. Risk Management:

• Identifying potential tax risks and suggesting ways to mitigate them through proactive planning.
• Addressing tax controversies or disputes and negotiating settlements where required.

7. Updating on Tax Laws and Changes:

• Staying current with changes in tax laws, regulations, and case laws that may affect clients or the business.
• Advising clients on new tax developments (e.g., changes in tax rates, new tax policies) and how they affect their liabilities.

8. Representation before Tax Authorities:

• Representing clients in appeals, assessments, and disputes with tax authorities.
• Managing communications and negotiations to ensure compliance with the tax regulations and resolve conflicts.

These roles require a deep understanding of tax laws, meticulous attention to detail, and the ability to work under pressure to ensure that clients or businesses adhere to tax requirements efficiently and legally.