Job Description
Key Responsibilities:
• TDS Compliance:
• Handle end-to-end TDS processes including deduction, deposit, and filing of TDS returns as per the Income Tax Act.
• Ensure timely deduction of TDS on all eligible payments (salaries, contractor payments, professional fees, rent, etc.).
• Prepare and file quarterly TDS returns (Form 24Q, 26Q, 27Q) accurately and within stipulated deadlines.
• Documentation and Reconciliation:
• Maintain detailed records of TDS deductions and payments.
• Reconcile TDS deducted with TDS deposited and TDS certificates issued.
• Coordinate with vendors and employees regarding TDS certificates and related queries.
• Reporting and Coordination:
• Liaise with the tax department and external auditors during audits and tax assessments.
• Generate periodic reports on TDS compliance status and share updates with senior management.
• Assist in preparing responses for notices or demands from tax authorities related to TDS.
• Regulatory Updates:
• Stay updated with changes in TDS rules, notifications, and government circulars.
• Implement process improvements based on regulatory changes and audit findings.
• Support Finance Team:
• Support payroll and accounts payable teams with TDS-related matters.
• Provide inputs for tax planning and assist in minimizing tax risks.
Qualifications & Experience:
• Bachelor’s degree in Commerce, Finance, or Accounting.
• Minimum 5-8 years of experience in TDS compliance at a corporate level, preferably in a reputed organization.
• Strong knowledge of Income Tax laws related to TDS and applicable regulations.
• Proficiency in TDS filing software and accounting ERP systems (Tally, SAP, Oracle, or similar).
• Attention to detail and strong analytical skills.
• Good communication skills for internal and external coordination.
Skills & Attributes:
• Excellent organizational and time management skills.
• Ability to work under pressure and meet deadlines.
• High level of integrity and confidentiality.
• Problem-solving attitude and proactive approach.
• TDS Compliance:
• Handle end-to-end TDS processes including deduction, deposit, and filing of TDS returns as per the Income Tax Act.
• Ensure timely deduction of TDS on all eligible payments (salaries, contractor payments, professional fees, rent, etc.).
• Prepare and file quarterly TDS returns (Form 24Q, 26Q, 27Q) accurately and within stipulated deadlines.
• Documentation and Reconciliation:
• Maintain detailed records of TDS deductions and payments.
• Reconcile TDS deducted with TDS deposited and TDS certificates issued.
• Coordinate with vendors and employees regarding TDS certificates and related queries.
• Reporting and Coordination:
• Liaise with the tax department and external auditors during audits and tax assessments.
• Generate periodic reports on TDS compliance status and share updates with senior management.
• Assist in preparing responses for notices or demands from tax authorities related to TDS.
• Regulatory Updates:
• Stay updated with changes in TDS rules, notifications, and government circulars.
• Implement process improvements based on regulatory changes and audit findings.
• Support Finance Team:
• Support payroll and accounts payable teams with TDS-related matters.
• Provide inputs for tax planning and assist in minimizing tax risks.
Qualifications & Experience:
• Bachelor’s degree in Commerce, Finance, or Accounting.
• Minimum 5-8 years of experience in TDS compliance at a corporate level, preferably in a reputed organization.
• Strong knowledge of Income Tax laws related to TDS and applicable regulations.
• Proficiency in TDS filing software and accounting ERP systems (Tally, SAP, Oracle, or similar).
• Attention to detail and strong analytical skills.
• Good communication skills for internal and external coordination.
Skills & Attributes:
• Excellent organizational and time management skills.
• Ability to work under pressure and meet deadlines.
• High level of integrity and confidentiality.
• Problem-solving attitude and proactive approach.
💡 Quick Summary
Seeking a career-building opportunity? The Senior Tax Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.