Taxation Oversight Manager

2 weeks ago


California, Missouri, United States Nayara Energy Limited Full time
Position Overview
As a key member of the finance team at Nayara Energy Limited, the Taxation Manager will be responsible for overseeing various taxation functions, ensuring compliance with statutory requirements, and managing tax-related operations.

Key Responsibilities
1. TDS/TCS Management
- Calculate and report monthly TDS/TCS liabilities accurately.
- Ensure timely discharge of TDS/TCS obligations.
- Prepare monthly TDS Management Information System (MIS) reports in the required format.
- File quarterly TDS/TCS returns punctually.
- Validate F-16A forms and distribute them to all relevant vendors and customers.

2. TDS Rate Assessment
- Validate TDS rates on domestic invoices.
- Monitor limits for Lower Deduction Certificates (LDC).
- Update SAP tax master with regulatory changes affecting TDS rates, including budget announcements and notifications.
- Maintain tax master data.

3. Issuance of Compliance Certificates
- Issue F-15CA and CB certificates upon request from user departments.
- Collaborate with user departments, Chartered Accountants, and the Treasury Team to gather necessary documentation.

4. Reconciliation Activities
- Conduct periodic reconciliations of the 26AS report with the TDS receivable ledger.
- Investigate any discrepancies and coordinate with Accounts Receivable/Accounts Payable teams for necessary adjustments.

5. Tax Audit Coordination
- Prepare Form 3CD annexures in a timely manner, working with various departments to ensure adherence to Income Tax regulations and guidance from the Institute of Chartered Accountants of India (ICAI).
- Address auditor inquiries and manage the filing of Form 3CD.
- Prepare detailed calculations related to clauses 34 and 44 of Form 3CD as per the Income Tax Act of 1961.

6. Additional Responsibilities
- Maintain correspondence with TDS Assessing Officers, TRACES, and other tax authorities as needed.
- Respond to inquiries from vendors and customers regarding tax matters.
- Provide support for various assessments and compliance requirements related to TDS/TCS.
- Liaise with other departments, tax auditors, statutory auditors, and internal auditors as necessary.


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