Team Member - Taxation

Overview

The Team Member - Taxation is responsible for advising on direct taxation matters for the business and various finance functions, ensuring compliance with statutory filing requirements within prescribed deadlines.

Key Responsibilities

• Provide advisory support related to direct taxation for business units, finance teams, and other stakeholders.
• File all income tax-related returns accurately and on time, including Income Tax Returns, Quarterly TDS returns, monthly TDS payments, SFT returns, and tax audits.
• Coordinate responses to notices from the Income Tax department by gathering and analyzing relevant data before submission.
• Participate in execution of projects such as automation and new system implementations, including UAT testing and bug reporting.
• Identify and implement process improvements to enhance efficiency and productivity.
• Support statutory audit processes and prepare various adhoc reports as needed.
• Liaise with different internal teams to improve systems, increase automation, and minimize manual reporting errors across SAP and other platforms.
• Drive cross-functional collaboration to resolve recurring issues and support troubleshooting efforts for stakeholders.

Job Context & Challenges

Aditya Birla Finance Limited, a subsidiary of Aditya Birla Capital, is a leading diversified NBFC registered with RBI and among the largest private NBFCs in India with strong credit ratings. The role involves ensuring compliance with direct tax laws amidst an evolving regulatory environment, managing coordination between multiple functions and systems, and maintaining data integrity across various loan origination and management systems. Timely delivery within strict deadlines is critical.

Key Result Areas

• Compliance: Assist in income tax assessment, tax audits, and return filing by collating data from multiple sources, analyzing it, and addressing gaps.
• Respond to Income Tax department notices by preparing accurate submissions.
• Analyze new tax regulations and evaluate their impact on the business, discussing findings with senior management.
• Prepare, review, and ensure timely payment and filing of monthly TDS payable workings and quarterly TDS returns for domestic and foreign transactions.
• Process Re-engineering: Simplify reporting and enhance process efficiency through automation.
• Self-Development: Enhance business acumen regarding ABFL, deepen accounting knowledge, and strengthen stakeholder engagement.

Additional Information

This role requires strong coordination skills across departments and adherence to dynamic regulatory requirements, with a focus on delivering accurate tax compliance and improving systems for better control and reporting.