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Click here or scroll down to respond to this candidate|CAREER OBJECTIVE |To partner with business, internal and external stakeholders in developingand delivering tax efficient solutions in a Multi-National Enterpriseenvironment through a leadership role in the field of Corporate andInternational Taxation, striving to achieve an optimum mix of compliance,advisory, litigation, planning, strategy & reporting in sync with company'sand group's goals & policies.|PROFESSIONAL SYNOPSIS |(A) Currently working as Deputy General Manager - Taxation at Wal-MartIndia Pvt. Ltd. which is a 100% subsidiary of No. 1 in Fortune 500 listingUS-based company Wal-Mart Stores Inc, world leader in Retail industry(Annual Turnover : INR 3,200 Crores +) (March 2013 tilldate)Current Roles & Responsibilities: During my stint of past 3.5 years, havebeen managing entire gamut of Direct Taxes alongwith supervisory role inIndirect Taxes; included but not limited to : I) Compliance < Administering computation & deposit of monthly, quarterly and annual tax liabilities with respect to Withholding Tax (TDS / TCS), Advance Tax and varied Indirect Taxes < Supervising filing of monthly, quarterly and annual tax returns before relevant due dates; whether Central, State or Local < Monitoring issuance of certificates and statutory forms within prescribed timelines such as those relating to TDS, TCS, WCT, C Form etc. II) Assessments & Litigation < Representation before tax authorities at different levels, maintaining cordial relations & rapport with them in an ethical, fair and transparent manner < Securing favorable assessment orders, refunds, rectifications, stay of demand & penalty, appeal effects, lower withholding certificates etc. < Devising an effective litigation strategy considering cost-benefit analysis, filing and defending of appeals & cross-objections at Tribunals & Courts with aid of senior counsels III) Management Reporting < Updating business leaders and top level management regarding recent amendments in tax laws & repercussions thereof having a direct or indirect bearing on business < Aligning management regarding latent risks, open exposures & aggressive/uncertain tax positions, if any adopted in tax returns etc. < Compiling Monthly MIS on Tax Compliance for CFO & Litigation status for Head-quarters through a Global Audit Tracker IV) Tax Accounting & Financial Reporting < SOX Reporting (including FIN 48, FAS 5, FAS 109, ASC 740 etc.) & consolidating US Tax packages, interim and annual, for the purpose of SEC filings and US tax returns < Monthly, quarterly & annual closing based on Indian GAAP, US GAAP & IFRS in conjunction with Finance team. < Provisioning for Current & Deferred Tax, recognizing DTA, DTL & Valuation Allowance, recommending Tax reserves basis risk-based assessment. V) Tax Planning & Strategy < Advising management regarding taxability of proposed business models, cross-border transactions & investment structures < Exploring the prospects of claiming deductions & exemptions within the regulatory framework of prevailing law to minimize tax liability and ETR for the company as a whole < Devising tax strategy and actively participating in due diligence projects w.r.t. M&A initiatives such as corporate restructuring, merger, demerger, slump sale etc. < Keeping business and finance functions abreast of latest regulatory changes such as Budget and upcoming tax regimes such as GST, BEPS, ICDS etc. VI) International Taxation < Expatriate Taxation : Determination of residential status, tax liability, return filing, and analyzing issues relating to secondment and tax credits < Global Withholding Tax : Advising on foreign remittances & cross- border transactions with respect to relevant DTAA provisions read with Domestic law and arranging Form 15CA/CB < Permanent Establishment : Analyzing PE risk & devising measures to mitigate the same in view of BEPS and other upcoming legislations < Transfer Pricing : Ensuring maintenance of adequate TP documentation, in-house and with aid of Big4 tax consultants, to defend the ALP before TPO in respect of AE transactions VII) Consultant & Counsel Management < Short-listing and negotiating with Big4 consultants; commercially and w.r.t. scope of work < Maintaining excellent rapport with local VAT consultants administering state laws < Briefing senior counsels defending corporate suits at varied Tribunals & High Courts VIII) Audit Management < Resolution to Internal Audit queries pertaining to internal controls & compliance systems < Finalization of Statutory Audit in relation to tax related Balance Sheet and P&L items < Coordination with Tax Auditors & Transfer Pricing Auditors for obtaining a clean report IX) Miscellaneous < Ensuring that Indian tax strategy is in sync with Regional / Global tax strategy through active interaction with APAC / US Tax teams and contributing in Regional/Global tax initiatives < Spearheading tax related trainings for business teams and support functions so that even non-tax personnel appreciates the intent of tax laws and adheres to voluntary compliance < Vetting legal contracts in case of non-standard tax terms and renegotiating clauses, if required in the interest of the company < Securing support and consensus of Finance function during TDS / VAT / Service Tax health-checks to ensure there are minimum tax exposures during Tax Surveys / InvestigationsKey contributions & achievements: > Won "Wal-Mart Walk the Talk Award" in 2016 for consistently pursuing and obtaining an Income Tax refund of more than INR 10 Crores in an ethical manner, with integrity and without aid of any tax consultant. > Bestowed with "Wal-Mart Monthly Team Award" in 2015 for successfully defending and reducing a demand by 95%, from an expected magnitude of INR 85 Crores to INR 5 Crores in respect of an industry wide tax issue. > Rewarded with "Wal-Mart Star of the Month" award in 2014 for obtaining favorable assessment orders & successfully defending tax positions before various tax authorities, resultant saving worth millions of dollars for company in nature of demand, interest, penalty & litigation costs. > Recognized as part of "Best Cross-functional Team at Wal-Mart" award in 2013 for implementation of on-line Tax compliance tool in alliance with IT team, saving several man-hours besides serving as ready reference for top level management & other key stakeholders.(B) Previously worked as Manager - Taxation at Samsung India ElectronicsPvt. Ltd. which is a 100% subsidiary of Top-Rated Fortune 500 South Korea-based Samsung Electronics, world leader Electronics & Mobile Phones (AnnualTurnover : INR 30,000 Crores+) (Sept 2006 ~ March 2013)Primary Roles & Responsibilities : During my tenure of more than 6.5 years,besides developing a strong hold over contemporary Direct & Indirect taxes,also ventured into other related fields such as General Accounting,Financial Reporting, Receivables, Payables, IT, Legal, Audit, Treasury &Payroll < Maintenance of Transfer Pricing documentation and compiling data for Form 3CEB < Preparation of Tax Audit schedules and drafting of Form 3CD < Assisting overseas parent company with regards to their Indian tax related compliances < Computation of Advance Tax, MAT & Wealth Tax liability and payment thereof < Reconciliation of tax related accounts : Current Tax, Deferred Tax & Tax paid under protest < Preparation of & filing replies of day-to-day notices issued by different tax authorities < Obtaining CA certificates for availing various exemptions under SEZ / STPI etc. < Making application & follow-up for refund processing & lower rate TDS certificate < Analyzing & interpreting different clauses of Double Taxation Avoidance Agreements < Implementation of Global ERP : Tax module in SAP with enhanced automation < Handling queries from internal and external customers on withholding tax matters < Training accounts team on issues like TDS, FBT, Service Tax reverse- charge etc. < Circulating tax updates and bulletins based on latest case laws, budget etc. < Counseling Payroll team with respect to salary structures and tax implications < Supporting General Accounting Team in monthly, quarterly & annual closings < Assisting Financial Reporting Team in finalization of financials & audit sign-offs < Coordinating with Accounts Payable (AP) Team w.r.t. TDS on Vendor reconciliations < Synchronizing Accounts Receivable (AR) Team w.r.t. TDS receivable from Customers < Facilitating Treasury Team to obtain CA certificates for making foreign remittances < Lease management : Drafting lease agreements & negotiating full and final settlementsKey contributions & achievements: > Active member of Samsung Tax team which had won "Best In-house Tax Team in Asia" award at International Tax Review Forum (Singapore), 2010. > Bestowed with special recognition for contribution from tax perspective in Conference on "Role of Global ERP in emerging scenario" held at Samsung Headquarters in South Korea, 2009.(C) Worked as Senior Consultant at R. K. Mahajan & Co., a Delhi based mid-sized CA firm specializing in Individual and Corporate Taxation, bothDirect and Indirect (Jan 2004 ~ Aug 2006) < Tax Audits of Limited Companies, Trusts, Firms, Society, HUF & Individuals < Income Tax, TDS, Sales Tax & Service Tax payments and return filings < Finalization of Balance Sheet and Profit & Loss of varied scale of clients(D) Worked as Intern at Manchanda and Manchanda, a Delhi based mid-sized CAfirm specializing in all kinds of Audits, whether Concurrent, Internal orStatutory (uptill Dec 2003) < Handled Concurrent Audit of Indian Express Newspaper < Involved in Internal Audit of OSRAM Bulbs & Tubes < Assisted in Statutory Audit of Infovision & VDM BPOs.|SCHOLASTIC RECORD ||Year |Examination |Institution |Aggregate ||May 2006 |CA Final |Institute of Chartered Accountants of India|70% ||2004 |M. Com |Distance Learning, Annamalai University |75% ||2002 |B.Com (Hons) |College of Vocational Studies, Delhi |72% || | |University | ||1999 |10 + 2 |Summer Fields School, CBSE |80% | > Rewarded for excellence in academics during schooling and graduation level on consistent basis. > Amongst the top scorers in Direct & Indirect Taxes paper in CA Final > Pursuing first-ever course launched by ICAI : "Diploma in International Taxation (DIIT)" |EXTRA-CURRICULAR ACTIVITIES | > Attended a series of seminars on soft skills & effective communication such as "Enhancing Personal Effectiveness" by Dale Carnegie and "Building Relation Capital" by Crestcom > Participated in refresher workshop on Direct Taxation convened by All India Chartered Accountants Society (AICAS) > Regularly involved in trainings within & outside company for updating professional knowledge regarding upcoming tax & compliance regimes like DTC, GST, IFRS etc.|PERSONAL DOSSIER | > Father's name: Late Mr. Man Mohan Dhingra > Date of Birth: 2nd June, 1981 > Marital status: Married > Nationality: Indian > Linguistic Capabilities: Fluent in written and verbal English and Hindi > IT skills: Hands-on experience with SAP, MS-Office and Tally > Hobbies: Travelling new places, exploring diverse cultures, watching cricket & listening musicDate:Place: New Delhi (UMANG DHINGRA) |
