In order to be a successful tax consultant or to work in a big and a reputed tax consultancy, it is very important to have formal education in the field of taxation. The best way of becoming a good tax consultant is to make use of this theoretical knowledge at practical applications and learn the concept application skills.
The constant demand of tax consultants and the lack of trained tax consultancy professionals have resulted into a large number of colleges and institutes taking initiative to start various kinds of taxation programmes. This has thus led to a large number of colleges and autonomous institutes to come up with conduct short term or diploma courses on taxation. A few of these courses are:
- Taxation and Regulatory Management: this course has been a result of the joint association of KPMG and Welingkar Institute of Management. It’s a six month course.
- Certificate course on international taxation: this course has been initiated by none other than The Institute of Chartered Accountant of India (ICAI). It will enable candidates to acquire specialized knowledge of international taxation. This is nothing but a short term course or a workshop of about 100 hours.
Post Graduate Diploma in Taxation:
this course which is mainly from the Pune University is being conducted by various colleges and other institutes in Pune. The course is a one year course and claims to familiarize the candidates taking it with the various tax collection procedures, tax accounting, etc.- Diploma in Law of Taxation with Admn Law: This course is an initiative of Annamalai University in Tamil Nadu. This course equips a candidate to easily apply for a Tax Consultancy job in any reputed firm.
A tax consultancy recruits people as tax consultants after judging them thoroughly. In order to be a good tax consultant and in order to do exceedingly well in your tax consultancy career, an individual should possess a few qualities.
A good tax consultant should have various skills such as the ability to think differently, a creative mind, he should be sharp minded, should have good communication skills, should have good and updated general awareness, abundant knowledge about the taxation sector and the market and he or she should also be able to work in a team. All of these are important factors which any tax consultancy firm looks for.
The job of the tax consultant is to help their clients or companies which they are working for to understand and get adequate knowledge of the national, local as well as international tax structures. Their job also includes helping and providing complete assistance to their clients in their fundamental tax planning. In order to do this task, complete analysis should be done.
A tax consultant’s job is to understand the business of the company they work in and help the organization in optimizing its tax position as well as identifying and mitigating various risk areas. The job of the tax consultant also includes co coordinating with various heads from different divisions and departments such as Strategic Tax Advisory Team, Earnings & Profits department, Tax Accounting Services department, Inventory Strategies, 
Improvements and Solutions department and many others.
On the whole, the main aim of any tax consultant should be to make maximum use of all of his or her technical knowledge for the betterment of the company he is working in.
The field of tax consultation offers you several profiles that you can take up. If you are looking to be apart of the field of tax consultation ro taxation then you can be happy that there are several tax consultation profiles which are available in this field and can be taken up by any one who is interested in tax consultation. The profiles or the specializations which are available to tax consultants are given below.
Property tax consultants: Property tax consultants are highly skilled professionals in their field. Property tax consultants are bascically professionals who have good knowledge of the various Property tax rules and regulations and cater to a set of clients who are seeking such information or advice on property taxes which may deal with real estate, official, residential as well as other kinds of property.
Income tax consultants: An income tax consultant or an income tax advisor is nothing but a person who helps you in filing your income tax returns every year. Income tax consultants thus are aware of the various income tax rules and service clients whoa re individuals as well as corporates.
Business tax consultant: Business tax consultant’s area of knowledge deals with various issues relating to taxes that a business man must handle properly for his business to work efficiently and effectively. Thus a business tax consultant gives advice to professionals regarding the various business tax issues that are plaguing them.
Sales tax consultant: A sales tax consultant is a person who gives advice to his or her clients regarding the various sales tax as well as value added tax related issues for which they may be seeking clarification, information or advice.
With tax consultation emerging as one of the popular careers these days, there are several young students who are looking forward to becoming a tax consultant in one of the various tax consultant profiles that are available to one self in India.
In order to become a tax consultant the knowledge of taxation is extremely important. Hence you should have done some course where in you have learnt about the basics of taxation as well as the various tax laws in the country which you as a tax consultant need to be aware of. Thus if you have done a L.L.B. degree it will give you the basics and the understanding in the various tax laws which are prevalent in the industry. If you have some further knowledge of taxation through a B.com or a BMS course that also could be of some help.
A tax consultant’s primary role is to advice to his clients how to go about filing their taxes to the government. Thus tax consultants have to be aware of the various tax laws which are present in the country and which will have an impact on their clients. You should be aware of the various income tax 
rules and regulations and after relevant experience in the field of taxation, you can take up the role of a tax consultant and can start having clients in terms of individuals or corporates and begin giving them the tax related advise that they may be on the look out for. In order to become a tax consultant, the knowledge of various tax rules and laws as well as experience in this particular field are of immense importance.
As a profession tax consultancy offers great rewards. Since India is an emerging economy there are several opportunities for people who want to get into tax consultation. As and when companies expand their operations and hence receive larger revenues there is a need for them to take care of their taxation affairs. It is extremely important to be able to file one’s tax returns on time. Tax consultants are not just concerned with servicing companies but a large number of individuals also consult taxation professionals seeking advice on how to file their tax returns to the government in the best manner possible. Hence income tax consultants find a lot of work both for filing the income tax returns of individuals as well as companies.
In India the taxation laws are still not clear with the common people and hence there is a need for efficient taxation professionals to be able to understand the meanings of the tax rules and regulations and help out the common people. Hence tax consultants in India are in immense demand both from the side of corporates as well as high net worth individuals.
Tax consultants are generally people who are well aware of the different forms of taxes which are to be paid and use their knowledge in order to advice people or companies as to how to go about it. Tax consultants in India can find employment easily with tax consultation firms all over the country or can also look at starting the tax consultation services on their own. Thus tax consultants have a good career path in a country like India.
Tax consultants are needed to take care of the tax affairs of individuals as well as corporations. As a young student you can take up taxation as your career as it offers several job profiles as well as tremendous career growth. The job profile of a tax consultant is being preferred by young working professionals all over these days. Commerce students can opt for taxation as their specialization. If you are interested in taking up taxation as a career then you can opt for one of the following courses in the field of taxation.
Once you have done the taxation related courses and have some work experience in the field of taxation with you then you can opt for tax consultant job profiles. With in tax consultation you can further specialise in the field of property tax consultant, income tax consultant, sales tax consultant, corporate tax consultant and several other profiles which may be available to you. In order to become a tax consultant you might be required to give tax related exams. Once you have understood the basics of taxation, the right foundation has been laid for a fruitful career in tax consultation.
The ability to become a good tax consultant comes from experience and as and when your experience in the industry of taxation rises, your ability to offer consultation or advise to clients will increase. Hence at the beginning of your career in taxation you will be offered a basic salary but as and when your experience rises you can expect the amount of salary being offered to you also to increase. A specialization or specific understanding of a particular stream of taxation like property tax, income tax, professional tax, corporate tax etc will certainly go a long way in strengthening your career.
Tax consultation is increasingly being taken up as a profession by young people these days. All companies generally need a tax consultant in order to take care of their taxation issues. Thus taxation jobs are easy to find especially if you fit into the role of a tax consultant. As a tax consultant you can join a tax consultation firm in order to service clients or you can also take up the role of an individual tax consultant and make a mark for yourself.
A career of tax consultation can be a highly fruitful one due to the immense number of career opportunities that are available for you. You can take up the role of an income tax consultant, property tax consultant, sales tax consultant, professional tax consultant, corporate tax consultant any where across the length and breadth of India.
If you are looking for the job of a tax consultant then it is easy to find a tax consultant job opening on the internet because on several web sites the latest job vacancies are updated at regular intervals. Hence if you are looking for the job of a tax consultant then you can log on to any of the various job related web sites mentioned below where you will find the latest jobs openings in tax consultation.
www.clickindia.com/search.php?q=income+tax+consultant+job: On this 
web site you will find fresh job openings for tax consultants with the location of the tax consultant job being mentioned here.
www.navimumbai.olx.in/tax-consultant-jobs-in-navi-mumbai-iid-22595965: On this link you can find the latest tax consultation jobs in the city of Mumbai and the nearby areas.
The basic requirement, essential to gain registration on the tax consultants list is passing the tax consultant’s exam, held before the National Board on Tax Consulting.
A person applying to the examination should make a movement for admission no later than 30 days before the fixed date of the exam and pay a fee for the exam.
A motion should be supplemented with:
- A statement on fulfilled requirements made in act of tax consulting
- A higher education diploma,
- A consent to be admitted to the exam – in case of people that do not have polish citizenship.
The exam includes tax law duty, issues, currency, treasury-criminal and accountancy issues specified in the art. I n agreement with this regulation the exam’ questions concern following domains:
- The source of law and interpretation of law,
- Tax analysis, material tax law and the basis of the international tax law,
- Administrative measures and executive proceedings in administration,
- Criminal treasury law,
- Duty and currency law,
- Financial administration and treasury control accounts,
- Tax documentation and tax accounts keeping rules,
- Tax consulting rules
The exam consists of a written and an oral part. In case of failure it can be repeated, except that the date of the repeat may be recognized no sooner than after 3 months since the failure. In case of passing the written part, the applicant takes the oral exam in period of a year, no often though than every 3 months.
A person, who has passed the tax consultant’s exam, should provide a 2-year apprenticeship in departments and house of treasury, or at tax counseling’ companies Practice includes acquainting with tax departments’ performance and tax consulting execute.
A Tax Consultant is one who provides useful suggestions related to the entire framework of taxation. Their advices vary from tax avoidance to estate planning. Providing suggestions and giving useful insights on how to handle the various aspects of dealing with taxes is a job of a tax consultant.
A tax consultant association consists of members who are by profession advocates or chartered accountants or anyone whose area of work revolves around or relates to taxes or taxation. They come together for a common good of the society.
The main goals of a Tax consultant association are to be able to set and maintain ethical standards and integrity among the profession. It tries to improve and modify the knowledge of an individual related to global computation and enhance their skills in accordance to their area of work.
The various objectives on which Tax Consultant association works towards include:
- Provides assistance to various organizations or enterprises that are having common goals and objectives.
- Attempts to maintain integrity related to the tax preparation industry.
- Conducts various seminars, programs and other similar initiatives in an attempt to create awareness about continuing education.
- A Tax consultant Association keeps the common man informed about various services which are made available by the member tax practitioners.
- Helps in creation of affiliated state organizations by helping and motivating its members into creating such things.
- Attempts to be an organization which looks at various aspects related to society like efficiency and vibrancy.
There are a number of Tax Consultant Associations such as Rajasthan Tax Consultants Association (RTCA) and National Association of Tax Consultant.
The main job responsibilities of an association such as RTCA would be
The RTCA helps in improving the relationship that exists among professionals.- Takes initiatives for starting various educational programs.
- Provides the required assistance in development and improvement of a faculty of an organization.
- Helps in establishing and maintaining contact with a department or an enterprise.
Tax is a sum of money which is mandatory for an individual to pay to a state or anything having an equivalency to a state. The individual in termed as Taxpayer and the entire process is called Taxation.
A consultant is defined by the Webster’s dictionary as an expert who is called on for professional or technical advice or opinions. He is a person who people go to for advice on various issues. Similarly a Tax Consultant is one who helps the Taxpayer in this venture by guiding him through the various channels, strategies and schemes available in the entire process of taxpaying. He ensures that an individual paying tax pays the right amount and helps him in understanding the entire cycle of taxation.
A Tax Consultant belongs to a company termed as Tax Consultant Organization. There are various Tax Consultant Organizations such as Rajasthan Tax Consultants Association (RTCA) and National Association of Tax Consultant. The tax consultant’s field of work includes looking into Income Tax Matters, Sales Tax Matters, Formation of Companies, Partnerships, Project Reports, Foreign Investments (FERA), Company Law Matters, Excise Matters, Property Matters, House Tax and Stamp Duty.
A Tax Consultant assists a Tax Consultant Organization in achieving goals and objectives such as
Co-ordination and planning of ways which would help in improvement and betterment of professional education.- Bringing the concept of non-formal education into the limelight and making the masses understand its utility and how it helps in better understanding of various issues.
- Make an organization forward looking and improve the efficiency, sensitivity and vibrancy towards the society.
- Promotion and improvement in Government-business-professional interaction.
- Ensure people are working in accordance to the code of ethics set by the Government or anyone having the same functional equivalency.
- Helps in improving quality of service provided.
- Provides assistance in creation of professional standards for state as well as local organizations.
- Helps in creation of a medium through which the members and the Internal Revenue Service can communicate.
In all a Tax Consultant looks into an individual’s account and helps in analyzing and calculating the various issues related to tax payment.
Tax Consultant Career | Naval | 
June 17, 2009 12:19 pm | 
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