How to Become a Tax Lawyer?
If you are interested to become a tax lawyer than this article is for you.
Starting out a career as a tax lawyer can lead to a beneficial career choice that provides longevity and stability.Tax lawyers spend a typical work day doing a variety of tasks. There is typically the need to do research on some type of tax law. There are also negotiation responsibilities that involve other lawyers when conducting all types of transactions.tax law offers the widest variety of subfields to choose from. Nobody practices tax law. They practice a specific area of tax, such as indirect tax, direct tax, customs, trade tariffs, transfer pricing etc.
Many lawyers think tax law requires great quantitative skills. This is mostly untrue. What it requires is strong work ethics, great conceptual clarity and ability to work with first principles. It is an area of law that engages your creativity and demands a lot of intellectual capacity.
There are a number of specialty areas that tax lawyers can enter into and they include the following:
Mergers and acquisitions
Real estate tax
Steps to become a tax lawyer
Pass 12th class with minimum 45%.
Take a entrance exam
Or other state exam
Earn bachelor degree in law
enrolled as an advocate in the roll of Bar Council
Do an internship in tax law firm
Earn master degree in tax law (LLM in tax law)
Gain some experience while doing master degree in law
Earn PhD degree if you want
Minimum Education required
Llb in taxation law
Pgdm in tax law
Diploma in tax law
law firms pay 10-17 lakhs per annum for a fresh graduate, and if a fresher can glorify him in the firm, salary may range from 80 lakhs to 1 Crore. Every law student should learn from a tax lawyer to gain some experience knowledge and skills.