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Job Title


Principal - Direct Taxes


Company : Varroc


Location : Aurangabad, Maharashtra


Created : 2026-03-18


Job Type : Full Time


Job Description

JOB PURPOSE Led end-to-end tax & compliance functions for Global Varroc Group, including timely preparation & filing of Master File & CbC Report under OECD Action Plan, while managing tax & statutory audits, income tax returns and direct tax assessments, mega project compliance, review TDS compliances & removal of TDS defaults, R&D approvals by DSIR, finalization of cost audits, & insurance policy renewals & claims.PRINCIPAL ACCOUNTABILITIESTax audits ▪ Finalize Tax Audit of all Indian entities ▪ Discussions with tax auditors on issues related to tax auditsStatutory audits ▪ Finalize Tax provision along with discussion with Statutory Auditors and provide effective tax rates (Quarterly) ▪ Provide details of accrual & receipt of Government Incentives to AuditorsIT returns ▪ Finalize advance tax working (Quarterly) ▪ Finalization of tax computations of Indian entities ▪ Get tax computation reviewed by tax partnerIT assessment ▪ Review data and submissions for assessments at various levels such as AO, DRP, CIT(A) & ITAT ▪ Prepare and submit rectification applicationsGovernment Incentives ▪ Study various policies launched by Central & State and check applicability ▪ Apply for applicable incentives well within timelines ▪ Ensure timely filing of annual claim documentsTDS compliance – Overall review ▪ Overall control of TDS payments and compliances ▪ Ensure timely removal of defaultsR & D Audit ▪ Ensure timely renewal of renewal of recognition of R&D centersInsurance ▪ Provide requisite details for renewal of various policies such as IAR Policy, stock related policies, cyber & commercial crime policy, product liability policy, etc. to the brokerOthers ▪ Prepare notes related to tax in respect of Consolidation of financials along with standalone FS ▪ Review financial statementsSpecial Project ▪ Ensure tax compliances arising as a result of various projects.QUALIFICATION ▪ Minimum Qualification required: CA (1st attempt preferred)WORK EXPERIENCE ▪ Minimum 10-12 years of experience ▪ Industry Related experience> 10 years ▪ Other soft skills/competencies - Communication, Leadership, Problem-solving ▪ Staying updated regarding changes in Tax Laws & Regulations, ▪ Excellent written & oral communication skills, ▪ Analytical Thinking & Problem Solving ▪ Negotiation skills, ▪ Leadership & Team Management skills.The position reports to theHead - Direct Taxes / Insurance& has aTeam of 4 employeesreporting to it.Outstation Candidateswill have toRE-LOCATEtoAURANGABADand will be eligible to avail benefits under theRelocation Policy.