Amit Patil

Managed end-to-end withholding tax (WHT) compliance process

including tax computation, deduction, and remittance to tax authorities.

Review vendor and client payments to determine WHT applicability and

rates under local laws and Double Taxation Avoidance Agreements

(DTAA).

Prepare and submit withholding tax reclaim forms to tax authorities for

recovery of overpaid or double-taxed amounts.

Verify and compile supporting documentation (invoices, payment

proofs, TRCs, WHT certificates) for reclaim submissions.

Ensured timely filing of withholding tax returns and submission of

challans/statements as per statutory deadlines.

Coordinate with local tax agents and authorities to monitor reclaim

status, resolve discrepancies, and ensure timely refunds.

Daily/Weekly calls with clients to discuss on the taxes and trades related

queries and providing quick solution over calls and emails.

Preparing the agent bank reports on monthly basis to keep track on the

reclaims which we submitted to the tax authorities.

Monitored and reconciled unclaimed income balances (dividends,

interest, and tax reclaims) ensuring accurate client allocation and timely

resolution.

Managed withholding tax computation and application on UK REIT

income distributions as per HMRC guidelines.

Supported cross-border reporting and client documentation related to

UK REIT distributions and tax positions.

Prepared and validated tax vouchers for dividend and interest

payments, ensuring accuracy of tax rate, amount, and entity details.

Italian Substitute Tax(Bonds)

Reviewed transactions to confirm correct classification and tax

treatment under Italian tax laws and EU directives.

Managed calculation and application of Italian Substitute Tax (Imposta

Sostitutiva) on interest income derived from Italian government and

corporate bonds.

Processed clear charges related to substitute tax deductions in the

system, ensuring proper booking, validation, and accounting of tax

liabilities.

Coordinated with custodian banks and intermediaries to ensure correct

reporting and settlement of substitute tax on bond transactions.

Monitored daily and monthly tax reconciliations between transaction

systems, general ledger, and reporting files to ensure accuracy.

CRS (Common Reportng Standard)

Handled FATCA & CRS classification and reporting for global clients.

Reviewed and validated tax forms (W-8/W-9)

Performed entity classification under CRS (Active/Passive NFE, FI).

Coordinated with onshore teams to resolve data discrepancies

Ensured compliance with OECD CRS guidelines.

Met SLA and audit requirements with high accuracy

We prepared Below reclaim forms are

Austria reclaim forms

Belgium ADR forms

Belgium reclaim forms

Denmark reclaim forms

Finland reclaim forms

France ADR forms

France reclaim forms

Germany ADR forms

Germany reclaim forms

Ireland ADR forms

Ireland reclaim forms

Italy reclaim forms

Netherland reclaim forms

Spain ADR forms

Spain reclaim forms

Switzerland reclaim forms

Application we used

SWAT

Intellimatch

Scorpia

Webmax

MIDAS connect ( globe tax )

Share point

DTCC - Depository Trust & Clearing Corporation

Uipath assistant

Tax one

Analyst – Corporate Actions & Income Collection | Oct 2020 – Jul 2022

Client name: Brown Brothers Haraiman.

• Managed income collection from bonds, dividends and stock loan transactions.

• Performed custody vs accounting payment reconciliation.

• Processed corporate action events using SWIFT MT564 and reconciled MT566.

• Investigated share and tax discrepancies with internal teams.

• Ensured timely client communication regarding corporate income

events.

Daily Acvities

PRE-RECON

Description

Pulling Cash Projection for current and next 7 business days

Daily Pre-PSD count and status is sent by 6 AM EST to onshore team

Pulling R\P Report for current and next 7 business days

Copying all the required fields from AW from Pre-PSD allocation and adding to the sheet

Copying all the required fields from R\P Report for the related securities

Checking and updating Nostro Account for each R\P available in pre-recon sheet

Tying out all the data security-wise and resolving any discrepancies for same day & 7 day

Requesting contracted tax rates client A/c no. wise to third party agents or loan agents/outside agents (All 4 scenarios as per SOP)

Shares not matching with RP vs PSD with DTC as well

Payments

Description

Copying all tie-out data and pre-recon data to payments sheet

Checking and validating for 901+ account activities in DTCC portal

Checking for allocation of payments (PSD) in AW for all CUSIP

Once the payment is allocated, re-verifying with DTCC for proper cash allocation

Checking and validating 901+ positions and decreasing the positions of the loan RP before paying out

Daily 12 AM and 3 PM status are sent along with other DTCC payments for completion of payments

Tying out EOD report and making sure all payments are processed or not

Void extra in-scope PSD

Tie out all the paid RPs with DTC allocated amount

Application we used

DTCC - Depository Trust & Clearing Corporation

Action source - event capture ( program used to set up event notifications, this information feed into action world

TLM system

R/P - receivable payable

PSD - payment source document

Analyst – Internal Reconciliation & Tax Reclaims | Nov 2017 – Apr 2020

Tax Reclaim Process is bases upon GSA (Global Service Application) and 1112 Macro which based on

excel.

❖ Reconciliation activities for all BU ( IIS, USIS, CSS, and Luxembourg ) on daily, Bi-Weekly, Weekly, Bi-

Monthly and Monthly as per clients requirements.

❖ Process tax reclaim on BGIR ( MCH ) using TXRC ( Accounting Posting ) function as per reclaim

entitlement and clients requirements per their BU.

❖ Working with TRS regarding custody tax reclaim and getting stages details for reclaim.

❖ Record accounting transaction for supports team on day to day transitions.

❖ To support and handle the issue and escalation in respect to the process and solve situation issues.

❖ Application using for reconciliation – GSA, MCH, IMT, CMOD, MS-Office.

❖ Successful contribution in Migration for the process from last 1 years.

Key Strength:

❖ Accomplished career growth with over 2.4 years experience into area of IIS tax reclaim recon

(Investment banking), process management and client servicing.

❖ An honest individual, performance oriented, quick learner, ready to stretch beyond the limits when

it comes to business.

❖ Like to go depth to understand the issue solves the problem.

❖ Ability to maintain a good inter-personal relation with supervisor and colleagues.

❖ Never took unplanned leave for which the teamwork’s get hampered.

Responsibilities:

❖ Handling client queries and monitoring quality standard of process of through constant monitoring

and providing feedback on the error.

❖ Keep a continuous track of various applications and help colleagues to avoid any issue related to

processing and authorities points of view.

❖ I ensure to work making minimum error that I can deliver date to client with proper work done.

❖ Delivered a quality work in stipulated time.

❖ Conduction tune session/ huddle meet with team member to keep updated.

❖ Reporting MIS reporting in every month to match data with client published data records.

❖ Conducting on job training to new team member and provide them product knowledge.

INTERNATIONAL INCOME SCREENS

BRIC – Browse Foreign Corporate Actions

BEVT – Browse Income Events – Selection

BKCP – Client Payables Browse Screen

BKAU – Reference Audit Selection Function

BKMN – Manual Input Selection Screen

CPOS – Client Position Key Selection Criteria

BTDA / ATDA – Custody Activity Key Selection Criteria (View trading history)

BGTT – Multi-Currency GTT Browse (Tax Tables)

DOMESTIC INCOME SCREENS

CPLS – Browse Domestic Corporate Actions

BRCV – SMAC Receivable File Selection Criteria

BPOS – SMAC Position File Selection Criteria

BHDR – Browse Header 10 File (3rd Party Lending)