Accounts Executive- (TDS & Compliance)

Job Description Accounts Executive (TDS & Compliance)

Key Responsibilities:

TDS & Statutory Compliance Primary Responsibility

• Handle end-to-end TDS compliance and related activities.
• Calculate and ensure accurate TDS deductions as per applicable provisions and rates.
• Prepare and process TDS payments/challans within prescribed timelines.
• Prepare, verify, and file quarterly TDS returns.
• Handle TDS reconciliation with books of accounts and ensure accuracy of deductions and payments.
• Download and verify TDS certificates/Form 16A and coordinate for timely issuance.
• Handle TDS notices, queries, defaults, and discrepancies and coordinate for resolution.
• Verify TDS applicability on various types of payments such as professional fees, contractual payments, rent, interest, commission, etc.
• Monitor changes in TDS provisions, rates, thresholds, and compliance requirements.
• Maintain proper records and documentation related to TDS deductions, challans, returns, and certificates.
• Coordinate with internal teams, auditors, and consultants for TDS-related matters.
• Ensure timely resolution of TDS mismatches and reconciliation issues.

Accounting & GST Responsibilities :

• Handle day-to-day accounting entries and maintain books of accounts.
• Perform bank, ledger, and TDS reconciliations.
• Assist in GST compliance, reconciliation, and related documentation.
• Verify invoices and supporting documents from a tax and accounting perspective.
• Assist in preparation of MIS reports and financial statements.
• Support internal and statutory audits by providing required documents and information.
• Maintain proper accounting and statutory records.