Income Tax And Tax Audit Expereince Executive

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We are looking for a competent and detail-oriented Income Tax & Tax Audit Executive having practical knowledge of Income-tax Return preparation, TDS compliance and Tax Audit assignments. The candidate will mainly handle back-office taxation work, including preparation of returns, computation of income, verification of supporting documents, reconciliation of financial data and preparation of audit reports.

The candidate should have hands-on experience in KDK/KITRET Software for Income-tax Returns and EasyOFFICE Software for TDS and Tax Audit work.

Key ResponsibilitiesIncome-tax Return Preparation

• Preparation and filing of Income-tax Returns in ITR Forms 1 to 7 for:
• Salaried individuals
• Proprietorship concerns
• Hindu Undivided Families
• Partnership firms and LLPs
• Companies
• Trusts, societies and other entities
• Preparation of computation of total income and tax liability.
• Verification of income under various heads, including:
• Salary income
• Income from house property
• Business and professional income
• Capital gains
• Income from other sources
• Reconciliation of income with:
• Form 26AS
• Annual Information Statement
• Taxpayer Information Summary
• Form 16 and Form 16A
• Books of account and financial statements
• Preparation of advance-tax and self-assessment-tax calculations.
• Preparation and filing of original, revised and belated Income-tax Returns.
• Working knowledge of deductions, exemptions, brought-forward losses, depreciation and Minimum Alternate Tax provisions.
• Handling return preparation through KITRET/KDK Income-tax Software.
• Maintaining proper working papers and supporting documentation for each return.

TDS Compliance

• Preparation and filing of quarterly TDS and TCS returns.
• Working knowledge of Forms 24Q, 26Q, 27Q and 27EQ.
• Preparation of TDS challans and verification of tax payments.
• Reconciliation of TDS deductions with books of account and challans.
• Preparation and downloading of Form 16 and Form 16A.
• Correction and revision of TDS returns.
• Handling TDS defaults, justification reports, short deductions, interest and late-filing fees.
• Working knowledge of TDS provisions applicable to salary, contractors, professionals, rent, commission, interest, purchase of goods and payments to non-residents.
• Hands-on experience in EasyOFFICE TDS Software.
• Basic knowledge of the TRACES portal and Income-tax e-filing portal.

Tax Audit Work

• Preparation of Tax Audit Reports under Section 44AB of the Income-tax Act.
• Preparation and checking of Form 3CA, Form 3CB and Form 3CD.
• Collection and verification of audit data from books of account and supporting records.
• Preparation of clause-wise Tax Audit workings and schedules.
• Verification of:
• Fixed-assets register and depreciation
• TDS compliance
• GST turnover reconciliation
• Loans and deposits
• Related-party transactions
• Payments covered under Section 40(a)(ia) and Section 40A(3)
• Statutory dues
• Stock valuation
• Brought-forward losses and depreciation
• MSME payments and outstanding balances
• Reconciliation of turnover, profit, taxes and statutory information with financial statements and Income-tax Returns.
• Preparation of Tax Audit Reports using EasyOFFICE Tax Audit Software.
• Coordination with seniors for finalisation and uploading of Tax Audit Reports.
• Maintenance of proper audit files, checklists and supporting documents.

Other Responsibilities

• Downloading notices, intimations, challans and other documents from the Income-tax portal.
• Preparation of basic responses to Income-tax notices and online communications.
• Assisting in rectification applications and return-processing matters.
• Following up with clients for pending information and documents.
• Maintaining client-wise compliance records and due-date trackers.
• Ensuring timely completion of assignments within statutory deadlines.
• Maintaining confidentiality of client information and financial data.
• Providing regular work-status updates to reporting seniors.

Required Skills

• Detailed knowledge of Income-tax Return preparation and filing.
• Practical understanding of ITR Forms 1 to 7.
• Good knowledge of TDS and Tax Audit provisions.
• Hands-on experience with:
• KITRET/KDK Income-tax Software
• EasyOFFICE TDS Software
• EasyOFFICE Tax Audit Software
• Working knowledge of MS Excel, MS Word and PDF utilities.
• Ability to reconcile financial and tax data accurately.
• Strong attention to detail and documentation.
• Ability to work independently in a back-office environment.
• Ability to manage multiple assignments and statutory deadlines.
• Good written communication and basic client-coordination skills.

Educational Qualification

• B.Com., M.Com., CA Inter, CMA Inter or equivalent qualification.
• Candidates having completed articleship or having experience with a Chartered Accountancy firm will be preferred.

Experience

• Minimum 1 to 3 years of practical experience in Income-tax Return preparation, TDS compliance and Tax Audit work.
• Fresh candidates with strong practical training in the above areas may also be considered.

Preferred Candidate Profile

The ideal candidate should be sincere, responsible, process-oriented and capable of handling Income-tax, TDS and Tax Audit assignments with minimum supervision. The position is primarily for back-office taxation and compliance work, with limited client-facing responsibilities.

Pay: From ₹15,000.00 per month

Work Location: In person