RAJESH RAMACHANDRAN
Mylapore
Summary
Dynamic tax and compliance manager with extensive experience at Deloitte, specializing in labour code compliance and tax implications assessment. Proven track record in problem-solving and team leadership, successfully securing over 100 favorable assessment orders. Adept at developing strategies that enhance operational efficiency and ensure statutory compliance for multinational clients.
Overview
11
11
years of professional experience
Work History
Manager
Deloitte
06.2023 - Current
- Labour codes: Determining the financial implications around labour codes including compensation analysis, impact assessment and scope of realignment.
- Assisting the companies in reviewing policies to ensure that the company remains wholly compliant as per the labour codes.
- Determining the impact of labour codes from a tax perspective as well to ensure realignment is fully aligned with income tax act.
- Analysing the compliance requirements to be followed by the companies so that statutory obligations are identified and supported in carrying out such compliances.
- Assisting the company with reviewing the communication to be shared with employees so as to help them understand the labour codes and the impact therein.
- Holding discussions with the stakeholder of companies to understand their relevant issues from a labour code perspective and address the same.
- Assisting the companies in workforce categorization to determine worker/non worker category as per labour codes.
- Regular discussions with the companies with regard to implementation around labour codes.
Deputy Manager
Deloitte
06.2019 - 06.2023
- Experience under relevant acts: Income-tax Act, 1961.
- Facilitated clients' acquisition of Permanent Account Numbers (PAN) under the Income Tax Act, 1961.
- Finalised Form 16 computations for expatriates (outbounds), including e-tds returns, ensuring compliance and accuracy for client companies.
- Compliances: Assistance in preparing and advising the monthly withholding computations for expatriates who have travelled on an assignment in India.
- Assistance in finalising the tax computations (after analysing the Double Taxation Avoidance Agreements) to claim appropriate tax credit/income exemption as applicable.
- Assistance in reporting information in the income tax returns for individuals as per Black Money Act and Foreign Asset reporting under the income-tax provisions.
- Assistance in briefing the expatriates (inbound and outbound) the tax implications from an income tax perspective.
- Filed income tax applications before CIT(Appeals) and Income Tax Appellate Tribunal, effectively advocating for expatriate clients' tax positions.
- Assistance in representing the expatriate employees before the income tax authorities & Income Tax Appellate Tribunal.
- Preparation of submissions (submissions for limited/full scrutiny, rectification letters, paper book before ITAT, penalty submissions) to be filed with the income tax authorities & income tax appellate tribunal.
- Assistance in filing Form 30A and 30C with the income tax authorities.
- Assistance in filing application before the BAR including preparing submissions and submitting the same with the authorities.
- Drafted outbound advisory services including India-specific mobility policies and conducted reviews of tax positions.
- Drafting/structuring the compensation policies for companies to maximize tax efficiency for the employees.
- Analysing the tax implications of stock options including phantom stock and profit interest options.
- Assistance in drafting secondment arrangements, deputation agreements from income tax perspective.
- Written multiple articles based on income tax aspects for publication in the online media having tie-ups with Deloitte.
- Provided input for development and design of technology tools for withholding tax computation, e-TDS returns, Form 16, and tax returns, enhancing operational efficiency.
- Analysing the taxability/exemption of relocation expense for an expatriate (inbound/outbound) based on income tax provisions and judicial precedence.
- Preparing and presenting training (including national trainings) on various topics.
Assistant Manager
Deloitte
06.2016 - 06.2019
- Advised leading MNCs on design and implementation of employee stock incentive plans from tax, commercial, legal and accounting perspective.
- International mobility, cross-country compensation structuring, social security and other matters concerning Income Tax Act, Companies Act, SEBI, FEMA, RBI etc.
- Plan and recommendations on compensation structure of the employees and various statutory contributions as per New Labour Codes and Income Tax Act, 1961.
- Handled 50+ client engagements and ensured timely statutory compliances.
- Consultant to international service employees, expats / foreign nationals on their income tax matters dealing with cross-country tax obligations.
- Reviewed submissions, represented before the income-tax authorities on various litigation matters and obtained over 100 favourable assessment orders for companies and individual taxpayers.
- Assisted senior counsel in preparation of the submissions/paper book for a client hearing before the High Court/ ITAT.
- Supported critical business decisions by performing tax planning and cost benefit analysis.
- Analysed various tax treaties/DTAAs for determining the taxability of income and filing of income tax return for companies and individuals.
- Led the team for development and designing of in-built technology tools for preparation of tax returns, withholding tax computation.
- Handled certification for foreign currency remittances for leading MNCs and mobile employees.
- Provided resolution to income-tax queries of general public through online and paper media and written various articles for publication in the paper media.
Article Trainee
CNGSN & Associates
12.2016 - 01.2019
- Part of Statutory audit, Tax Audit assignments & Appeals and Settlement Commission related assignments for Individuals and Companies.
- Responsibilities: Audit procedures on various Financial Statement related Account balances, Compliance with the applicable Accounting Standards and other Legal and Regulatory pronouncements relevant to the Client environment.
- Preparation of financial statements reporting in accordance with the Client’s reporting framework.
- Prepared tax audit report for companies and individuals.
- Prepared documents relating to filing of appeal to Commissioner of Income Tax (Appeals), Income Tax Appellate Tribunal viz., documents like Statements of Facts, Grounds of Appeal, Form 35, Form 36.
- Preparation of documents relating to Stay of disputed demand and Condonation of delay in filing the appeal.
- Assisted in preparation of documents relating to the application to the Settlement Commission viz., Form 34B, 34BA, Paper books relating to client’s block assessment year’s financial information, returns, Tax audit report.
- Prepared Written Submissions to be submitted before the Commissioner of Income Tax (Appeals) and Income Tax Appellate Tribunal.
- Prepared Miscellaneous Petition to be submitted before the Settlement Commission recording the reasons for tax computation differences between the client and the Assessing Officer whose demand was based on the order passed by the Settlement Commission u/s 245D(4).
- Preparation of Computation of Income and Filing of returns for Individuals and Companies.
Article Trainee
Grant Thornton
01.2015 - 12.2016
- Led internal audit assignments across automobile manufacturing, steering manufacturing, and IT sectors.
- Managed finance and accounts tasks including cash book and bank book vouching, general ledger scrutiny, procure to pay and inventory processes, and three-way matching of purchase orders, goods receipt notes, and invoices.
- Reviewed employee master file and verified employee files to ensure statutory compliance with PF, PT, and TDS regulations.
- Performed vendor reconciliations for automobile manufacturing company and conducted physical verification of fixed assets, inventory, and cash.
Education
Chartered Accountancy (CA-Final – Group II) -
Institute of Chartered Accountants of India
01-2019
Chartered Accountancy (CA-Final – Group I) -
Institute of Chartered Accountants of India
01-2017
Company Secretary -
Institute of Company Secretaries of India
01-2016
B.com -
Ramakrishna Mission Vivekananda College (Evening College)
01-2012
Chartered Accountancy (CA-IPCC) -
Institute of Chartered Accountants of India
01-2011
Class XII -
Sree Venkateshwara Matriculation Higher Secondary School
01-2009
Class X -
Sree Venkateshwara Matriculation Higher Secondary School
01-2007
Skills
- Tax assessment
- Regulatory compliance
- Labour compliance
- Performance review
- Team leadership
- Problem resolution
- Networking strategies
Languages
- English
- Malayalam
- Tamil
- Hindi
Hobbies and Interests
- Listening to Music
- Reading and listening to books
- Playing Cricket, Badminton
- Watching movies
Personal Information
- Date of Birth: 07/16/92
- Nationality: Indian
- Marital Status: Married
Articleship Experience
- Deloitte - 10 years, International tax, mobility, income tax, deputation (structuring), labour codes, advisories
- Grant Thornton, 11 months, Finance and Accounts, HR and Payroll, Statutory compliance
- CNGSN & Associates, 2 years and 1 month, Audit procedures on various Financial Statement related Account balances., Preparation of financial statements reporting in accordance with the Client’s reporting framework.
Accomplishments
- Selected for a conference held in Singapore and was part of a 3 member team representing the national tax mobility space
Timeline
Manager
Deloitte
06.2023 - Current
Deputy Manager
Deloitte
06.2019 - 06.2023
Article Trainee
CNGSN & Associates
12.2016 - 01.2019
Assistant Manager
Deloitte
06.2016 - 06.2019
Article Trainee
Grant Thornton
01.2015 - 12.2016
Chartered Accountancy (CA-Final – Group II) -
Institute of Chartered Accountants of India
Chartered Accountancy (CA-Final – Group I) -
Institute of Chartered Accountants of India
Company Secretary -
Institute of Company Secretaries of India
B.com -
Ramakrishna Mission Vivekananda College (Evening College)
Chartered Accountancy (CA-IPCC) -
Institute of Chartered Accountants of India
Class XII -
Sree Venkateshwara Matriculation Higher Secondary School
Class X -
Sree Venkateshwara Matriculation Higher Secondary School