How to Become a Tax Lawyer ?

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:

Appeals

Audits

Litigation

Estate planning

Mergers and acquisitions

Corporate tax

Real estate tax

Steps to become a tax lawyer

Pass 12th class with minimum 45%.

Take a entrance exam

Clat exam 

LSAT test

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 degree

Degree

Llb in taxation law

Ba LLB

Bcom LLB

Pgdm in tax law

Diploma in tax law

Salary

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.