Sr Manager Direct Tax
- MNR Solutions
- 4 to 7 Yrs
- Mumbai
- 3 months ago
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Job Description
Hi!!
Greeting From MNR Solutions
Hiring for Direct Tax Professional (International Taxation) for Leading CA Firm
Job Location: Mumbai
Work Mode: Hybrid
Qualification : CA
Job Role:
We are looking for someone with Direct Taxation profile, 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.
[95% Individual Tax and 5% Corporate Tax work]
A) PRIMARY:
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 India including 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 countries
considering Income tax laws, international tax laws, FEMA, and other
applicable 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 and
receiving Gifts in India as per Income Tax Act and FEMA
10. Advisory on Foreign Investments like Investment under FDI, Investment
through Proprietorship Concern.
Compliances:
1. Preparing and supervising Income Tax Returns prepared by Juniors
2. Tax Liability and Advance Tax computations prepared by juniors of HNI and
other NRI/RNOR/ROR clients
3. Attending various Notices, Scrutiny Assessment, Reassessment cases
4. Repatriation / Remittances (Form 15CA/CB) and LRS requests from Banks/
NRI Clients
5. Tax Exemption Certificate (TEC) / Lower Deduction certificate (Sec. 197)
applications
6. Attending to PAN/Aadhaar card issues of NRI clients
7. Application of condonation of delay to Income Tax Department and
submitting Basis of Filing Tax Return as needed for HNI clients
8. Filing RBI applications as per the provisions of FEMA and Compounding
applications in the case of non-compliances under FEMA
US Tax related work (if applicable, training to be given depending on interest
area/ job profile):
1. Compiling Indian Income / Assets of US taxpayers
2. Preparation of Statement of Highest Balances for reporting in FATCA (Form
8938) and FBAR (FinCEN Form 114)
3. Foreign Tax Credit applicability - Calculation of Effective Tax rate to identify
actual taxes paid in India and advisory to avoid double taxation
4. Advisory on Gifts, Estate & Inheritance: - Implications in India and US and
Tax Rates in US
5. Advisory on US Residential Status to optimize tax implications/compliances
6. Planning to reorganize/restructure US LLC and Consultancy Income
received by Indian Resident therein basis tax rules in India
7. Pre-Immigration Tax Planning to residents/worldwide clients who are
looking to move to the US.
B) SECONDARY:
1. Leading a team and guiding/mentoring article clerks
2. Presentations to Banks for NRI services
3. Business Development
4. Co-ordination and communication with Lawyers/Associates for
assisting clients in legal/regulatory matters
5. Preparing Standards on Tax, DTAA and FEMA
6. Development of content:
- NRI Tax Services Website
- Booklets/FAQs for Banks
- LEARNINGS/KNOWLEDGE UPDATION
- Seminars on Tax & FEMA
- Any Certification Courses
- Reading Books: IT Act, Master Guide to IT Act, IT Rules, Commentary for typical cases, ITRs and ITDs for some cases, Companies Act, 1956 for some assignment.
- Journals: ICAIs monthly Journal for members.
- Browsing Any Work Related Websites: Institutes Official site, Income tax site, Taxmann.com , FEMAONLINE.com
Employement Category:
Employement Type: Full timeIndustry: Others
Role Category: Finance / Accounts / Tax
Functional Area: Not Applicable
Role/Responsibilies: Sr Manager Direct Tax
Contact Details:
Company: MNR SolutionsLocation(s): Mumbai
Keyskills: income tax return tds return international taxation income tax direct tax gst
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MNR Solutions
Founded in 2007 MNR Solutions Pvt. Ltd. has become one of the prime consulting companies to provide finest HR recruitment services globally in regions like Asia (India, China, Singapore, Malaysia etc), Middle East (UAE, Saudi Arabia, Oman etc) and Africa. With a team of 45 experienced consultant, we...
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