HDFC Bank Jobs

Job Description: Revenue Tax Specialist - HDFC Bank

Location: Colaba, Mumbai

HDFC Bank, one of India's premier financial institutions, is seeking a skilled and knowledgeable Revenue Tax Specialist to join our team in Colaba, Mumbai. As a Revenue Tax Specialist, you will play a critical role in ensuring compliance with tax laws and regulations, optimizing revenue generation, and minimizing tax liabilities. This is an excellent opportunity for an individual with a strong understanding of tax principles and a passion for financial excellence.

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Responsibilities:

1. Tax Planning and Compliance: Develop and implement effective tax planning strategies to optimize revenue generation and minimize tax liabilities for the bank. Stay up to date with changes in tax laws and regulations, assess their impact on the bank's operations, and ensure compliance with all applicable tax requirements. Prepare and file tax returns accurately and in a timely manner.
2. Tax Research and Analysis: Conduct comprehensive research on complex tax issues, interpret tax legislation, and provide expert guidance to internal stakeholders. Analyze financial data, identify potential tax risks and opportunities, and recommend appropriate strategies to mitigate risks and maximize tax benefits. Collaborate with cross-functional teams, such as Finance and Legal, to ensure tax implications are considered in business decisions and transactions.
3. Audit Support and Dispute Resolution: Assist in tax audits and assessments by providing relevant documentation, explanations, and supporting evidence. Respond to queries raised by tax authorities and proactively resolve any disputes or discrepancies. Represent the bank in tax-related matters and engage in negotiations, if required, to ensure a fair resolution.

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Skills and Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field. Professional certifications such as CA, CPA, or CMA are highly desirable.
• In-depth knowledge of Indian tax laws, regulations, and accounting principles, particularly related to corporate taxation and banking industry-specific taxes.
• Strong analytical and problem-solving skills, with the ability to interpret complex tax provisions and apply them to practical scenarios.
• Proficient in tax software and financial systems for tax planning, compliance, and reporting.
• Excellent communication skills, both written and verbal, with the ability to effectively communicate tax-related concepts to non-tax professionals.
• Attention to detail and accuracy in analyzing financial data and preparing tax returns.
• Strong organizational and time management skills, with the ability to prioritize tasks and meet deadlines.
• Experience in working with tax authorities and handling tax audits or assessments is preferred.