Team Member - Taxation

Role Overview

This position as a Team Member in Taxation involves providing support across a spectrum of tax-related functions within the organization, specifically focusing on litigation support, compliance assistance, and advisory roles.

Litigation Support

• Provide assistance in tax litigation cases, covering stages from assessment to appellate proceedings across various authorities such as Assessing Officer, CPC, National Faceless Assessment Center, Tax Tribunals, and Courts.
• Coordinate with tax consultants concerning litigation matters to ensure effective case handling.
• Help prepare Online Grievance Enclosure (OGE), rectification, and stay applications, and monitor progress with the tax office for prompt resolution.

Compliance Assistance

• Support tax audit processes including transfer pricing audit and Specified Domestic Transactions reporting.
• Assist in the preparation and filing of tax returns and related certification documentation.
• Contribute to the compilation of quarterly tax provision statements and deferred tax asset/liability (DTA/DTL) statements.
• Prepare detailed statements of contingent liabilities related to taxation.
• Develop tax presentations and notes for quarterly reporting to management.

Advisory Functions

• Assist team members in addressing internal queries concerning Tax Deducted at Source (TDS) from product, business, or branch units.
• Review product and process documentation for tax implications to ensure compliance.
• Assess and independently analyze the Bank's positions on claims, deductions, and TDS applications, taking into account current legal precedents and undertaking appropriate actions in collaboration with internal stakeholders.
• Support the development of budgetary announcements and informational communications related to updates from CBDT, Ministry of Finance, and other regulatory bodies.