RAJIT CHAKRABORTY
Gurugram
Summary
Detail-oriented US State and Local Tax (SALT) Senior professional specialising in US Partnership Taxation for Asset & Wealth Management, including private equity and hedge funds. Expertise in partnership return review, K-1 analysis, multi-state filings, and compliance processes. Skilled in identifying tax adjustments and mitigating filing risks while ensuring adherence to regulatory standards.
Overview
6
6
years of professional experience
Work History
Associate Manager – US Tax (State & Local Tax)
EY GDS
Gurugram, India
08.2026 - Current
- Provide US State & Local Tax (SALT) compliance services for Form 1065 partnership entities within the Asset & Wealth Management industry, including Private Equity, Hedge Funds, and Fund of Funds clients.
- Prepare and review multi-state partnership tax returns, state K-1s, apportionment schedules, extensions, and estimated tax payments.
- Perform state sourcing and apportionment analysis across multiple jurisdictions to ensure accurate income allocation and SALT compliance.
- Identify state nexus considerations, filing requirements, and potential SALT risks affecting investment partnerships and fund structures.
- Review tax workpapers and partnership returns for accuracy, completeness, consistency, and compliance with applicable state regulations.
- Analyze partnership allocations, capital activity, and investor-level tax reporting requirements in connection with fund and organizational structures.
- Analyze client data to identify state-specific adjustments, deductions, credits, exemptions, and other tax considerations.
- Support resolution of state tax notices, tax authority correspondence, and jurisdictional inquiries.
- Review work prepared by junior professionals and provide technical guidance on partnership taxation and SALT compliance.
- Utilise US tax technology and compliance tools to prepare, review, and finalise state partnership tax filings.
US Tax Senior (State & Local Tax)
PwC AC
Gurugram, India
08.2024 - 08.2026
- Provided US State & Local Tax compliance services for Form 1065 partnership entities within the Asset & Wealth Management industry, including Private Equity, Hedge Funds, and Fund of Funds clients.
- Prepared and reviewed multi-state partnership tax returns, including state K-1s, apportionment schedules, extensions, and estimated tax payments.
- Performed state sourcing and apportionment analysis across multiple jurisdictions, ensuring accurate income allocation and SALT compliance.
- Evaluated nexus considerations and state tax risks to enhance compliance for investment partnerships and fund structures.
- Analysed client data to identify state-specific adjustments, deductions, credits, and exemptions, minimising overall SALT exposure.
- Supported fund and organizational structures by reviewing partnership allocations, capital activity, and investor-level tax reporting requirements.
- Utilized GoSystem, BNA and TRACK to prepare, review, and finalize US state partnership filings.
- Conducted technical reviews of workpapers and returns, ensuring accuracy, completeness, and compliance with state regulations.
- Coordinated state tax notices, correspondence, and reconciliations with tax authorities to ensure timely compliance.
- Supervised and reviewed work prepared by junior associates, providing technical coaching on partnership taxation and SALT compliance.
- Delivered technical training and knowledge-sharing sessions on US partnership taxation, compliance updates, and tax technology tools.
US Tax Senior (State & Local Tax)
DELOITTE USI
Gurugram
06.2020 - 08.2024
- Performed State and Local Tax (SALT) compliance for passthrough entities, including multi-state filings, apportionment calculations, composite returns, extensions, and estimates.
- Analyzed partner allocations, capital activity, and K-1 reporting, ensuring accurate state sourcing and compliance with jurisdiction-specific regulations.
- Prepared and reviewed multi-state apportionment factors (sales, payroll, and property) and validated consistency across returns.
- Applied state-specific adjustments, deductions, and credits to minimize tax exposure while maintaining compliance with SALT regulations.
- Reviewed and prepared US Partnership (Form 1065) tax returns for Private Equity funds, Hedge Funds, and Fund of Funds within the Asset & Wealth Management sector.
- Reviewed tax documentation to identify missed filing requirements, exposure risks, and tax optimisation opportunities, enhancing compliance and minimising potential liabilities.
- Utilized tax software including GoSystem, BNA, MPPRO, IPACs, DCW, and K1G for preparation of partnership returns, workpapers, and investor K-1s.
- Reviewed junior staff work, identifying data inconsistencies and calculation errors, ensuring accuracy and improving overall return quality.
- Coordinated with internal teams and clients to resolve state tax notices and jurisdictional inquiries, facilitating timely compliance and client satisfaction.
Education
MBA - MARKETING & FINANCE
New Delhi Institute of Management
New Delhi, DL01-2020
BBA(HONS.) - MARKETING
Asutosh College
Kolkata, WB01-2018
ISC - SCIENCE
Calcutta Public School
Kolkata, WB01-2015
ICSE - GENERAL
Lycee
Kolkata, WB01-2013
Timeline
Associate Manager – US Tax (State & Local Tax)
EY GDS
08.2026 - Current
US Tax Senior (State & Local Tax)
PwC AC
08.2024 - 08.2026
US Tax Senior (State & Local Tax)
DELOITTE USI
06.2020 - 08.2024
MBA - MARKETING & FINANCE
New Delhi Institute of Management
BBA(HONS.) - MARKETING
Asutosh College
ISC - SCIENCE
Calcutta Public School
ICSE - GENERAL
Lycee