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How To Be a Tax Consultant in India?

09 Mar, 2022        267 views

Tax Consultant can be an exciting job role for anyone who envisions a successful career in finance. As a tax advisor, you can work for the government or start your own tax consultancy,  besides working for reputed firms. 

As the name suggests, a Tax Consultant or advisor is one who helps individuals, as well as organizations, file their tax returns in a financial year. This includes analyzing and extracting important information from a set of financial documents to the likes of employment, wage, investments, mortgages, and more. 

Besides, you will also need to visit clients at their residence or office to meet and discuss with them the plausible ways to lower their tax burden depending on their financial standing. Notably, every tax consultant differs in their payscale as it has to do a lot with their qualification and experience. 

In this blog, you will learn what it takes to be a tax consultant in India, what to expect in your job role, the necessary academic qualifications,and income potential. 

Read on!

Qualifications required to become a tax consultant in India 

Before you get to know what it’s like to be a tax consultant in India, it’s important to be aware of the basic qualifications. 

Generally, if one is a commerce graduate, he/she will have a lead over others to be a tax consultant. Besides, it’s a good call to boost your academic excellence by additional skills  through several professional courses that includes the likes of CA, ICWAI, and MBA, 

Understanding taxes is the next thing that one has to do, as there are several types of taxes that are levied and include income, vehicle, property or several others. Thus, one is required to form a comprehensive knowledge of all such taxes applicable as well as ways to help your clients save their money being spent on these taxes. 

With the desirable academic qualifications and coupled by professional courses, it is possible to form a wide understanding of taxation.

Command and Expertise Can Help You Excel 

You know how they say there’s no shortcut to success.With being a tax consultant the old adage holds some serious truism. 

Undeniably, a budding tax consultant will have to undergo extensive hours of training before they can take on professional assignments. Nevertheless, the fundamentals of being trained as a tax consultant is what makes you eligible for tax consultant training. These basic knowledge comprises adequate knowledge of taxation,

A tax consultant has to undergo extensive taxation training before becoming a professional tax consultant but there are certain fundamentals that make them eligible to undergo specialization studies in taxation. Essentially, the  tax consultants in India are people who have requisite qualification in law, commerce, ICWA, CA, CS, mathematics, science or other such accounting subjects

Besides, any aspiring tax advisor should have the following  qualities

  • Sound expertise and seamless knowledge in the field of accounting and finance
  • Good communication and equally good interactive skills to easily understand taxation needs. 
  • Prompt decision making abilities, coupled with analytical skills to help planning and shaping of finances and investments of clients so that the tax burden can be duly minimized.
  • Commitment towards professional and ethical practice.
  • Gather as much experience as possible 

Undergoing extensive training

So, if you think you possess all the above qualifications as well as qualities, then the next thing that one can go for is to enroll for an accounting course from a leading institute. 

At ICA, we have helped nurture several tax consultant aspirants to learn the ropes of the game, gain practical hands on knowledge so that they can call themselves industry ready from Day 1 of their training. Ours is a job operinted approach with an outstanding placement record like nowhere else. 

We are ready to train the next batch of industry’s finest tax advisors, and we would love to see you as one of them. For more info, Choose your nearest taxation training institutes now! 


Disclaimer: The content posted in this weblog is intended for general information purposes only and does not include any professional accounting, tax, legal or financial advice. We strive to provide accurate and up-to-date information based on laws, regulations, and best practices which may vary by jurisdiction, industry, and individual circumstances.

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