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Tax and Audit Assistant (Paid Staff)

Reports to: Partner/Senior Manager. Work is executed independently and submitted for partner review.

Finalization of Accounts

- Ledger scrutiny, suspense clearance, year-end and rectification entries
- Bank, debtor and creditor reconciliations, with balance confirmations
- Depreciation under the Companies Act and the Income Tax Act, fixed asset register upkeep
- Provisions, prepaid, accruals, closing stock valuation and cut-off testing
- Balance Sheet, Profit and Loss Account, Cash Flow and Notes in Schedule III format under applicable AS or Ind AS
- Non-corporate finalization, including partner capital accounts and Section 40(b) working

Tax Audit and Form 3CB-3CD

- Applicability under Section 44AB: turnover computation, the 5 per cent cash test, interaction with Sections 44AD and 44ADA
- Correct form selection: 3CA-3CD where accounts are audited under another law, 3CB-3CD where the tax audit is the only audit
- Clause-wise preparation of Form 3CD with backing annexures, in particular Clauses 21, 26, 27, 31, 34 and 44
- Reconciliation of books turnover with GSTR-1, 3B, 9 and 9C, Form 26AS, AIS and TIS, with a documented difference statement
- Section 40A(2)(b) related party reporting, loan and deposit reporting




- UDIN generation, portal upload, follow-up till assessee acceptance
- Income computation and filing of the corresponding ITR
- Awareness of the shift to Form 26 under Section 63 of the Income-tax Act 2025

Audit and Compliance

- Statutory, internal, bank and stock audits: vouching, verification, physical verification, control testing, working papers under the Standards on Auditing
- Draft audit observations and qualifications for review
- TDS returns and correction statements, Forms 16 and 16A, GST returns with ITC reconciliation, advance tax working
- Assist in replies to notices under Sections 133(6), 142(1) and 143(2)
- Client coordination for data collection and query resolution

Qualification

- CA Inter with completed articleship, or B.Com/M.Com with 3 or more years in a practising CA firm
- Tally Prime, advanced Excel, income tax e-filing portal, TRACES, GST portal
- Working knowledge of the Income Tax Act 1961, the Income-tax Act 2025, GST law and Schedule III
- Accuracy, confidentiality, and delivery within statutory deadlines

Salary is negotiable depending on experience.

Experience

- Tax and Audit: 2 years (Required)

📌 Walk-in || Audit And Taxation Assistant (Hyderabad)
🏢 Srinivas Rao Bontha
📍 Hyderabad