Tax Attorney
Tax attorneys india
In India issues and problems every now and than and in every way let it be in family or profession. In profession and working life paying tax though is a small issue it is very pesky issue. India is a democratic country where people autocratically escape taxes by discovering and inventing new ways.
Every company in India has accountant who maintain different books but cannot be a tax expert what is needed is tax attorney who is well trained and have indepth knowledge of the same. There are many individuals or companies who pay taxes on time are very important client and get lots of respect for the work they do.
There are many people for money claims themselves to be tax expert which they are not so one has to be really careful especially in a country like India where people are expert in bluffing. Tax payers if caught doing any fraud is than suppose to pay liability at the cost of his home or life that's why it is important to appoint legal and qualified attorney and not even to seek help of accountant in the matter of tax as a tax attorney can do something that an accountant cannot do.
Lawyers in India can do substantial amount of business if they are creative with tax law and go through proper resources of jurisdiction and some of the available resources are account aid India, caclub India, cyber law India and many others.
Supreme Court and High court are two main bodies to whom cases regarding taxes can be forwarded but only after fulfilling certain criteria's and formalities. Cases can be related to any issue in respect of taxes can be solved by these two bodies as they hold highest authority in making decision.Becoming a tax attorney
To be a tax attorney means to be a respectful person who is holding lots of responsibility and services and knows what his duties are. Also getting work done in a tactful manner and keeping client happy is one of the smart job which tax attorney is suppose to perform.
For becoming tax attorney one cannot only go through pages of some legal books but need to go to college attend lectures and do apprenticeship and should have passion and instinct while doing so. Taking it not as a profession but as a service which he is supposed to give to an individual.
Traits or say characteristics required to become a good attorney is - person should be very attentive as to what going in taxation world for which he needs to keep himself update by reading, keeping in touch with seniors and by doing some research and it is a never ending activity.
So the Tax attorney should be intelligent and should possess knowledge and must be smart enough to tackle various problems at times. Also he should able to draw various options and should know which option will be best for client and for him from business point of view. To become income tax attorney requires knowledge as well as skill and that one can gain after doing some practices.
Many a times individuals who have passion to become tax attorney confuses it with accounting however both are different hence the goal should be clearly established and focused as it is not only game of codes or numbers. It is more of fact where figures come into picture. Just follow positive path and see credentials getting valued.Tax attorney salary
If making big money and staying lavish is a goal of an individual than jumping to tax attorney will be a wrong decision and then disappointment will exist. Though money is there in long run but is not simple as it can be seen and there is no guarantee satisfaction will come with money.
Tax attorney can earn salary through different sources. A successful tax attorney can do work of free lancing and can provide his services to different companies and can get well paid or else can also work with particular company and can be on payroll of that company. Working with one company for long time will definitely help tax attorney in getting good salary.
Trades off in tax attorney are very much obvious so one should be ready for it and should start seeking for position which can be based on gender, or say in reference with responsibilities. Working for more hours definitely means more responsibility and if there is more money involved than definitely it means lots of fun also. Size of the firm also matters in sharing responsibility and respect.
Holding attitude in the particular position with degree also helps in increasing salary or getting well paid but with less quality of life and initial stage as time devotion is required and there is no calculation of plus and minuses all that is required is to be realistic and be a smart deal breaker.
While making any compromises on salary there are few things which should be bought in notice to fix better deal with the company - Very first evaluate a job offer or raise by comparing or evaluating salary of current job and find out the differences than check salary for the future jobs also if options are available and that can be done only by doing research on multiple location s or jobs.
Income tax attorney
Tax attorney provide intangible service which needs to be qualitative and at the same time legally approved and that service can be provided by income tax attorney by fulfilling their duties and responsibilities. While performing duties and services towards client or any other person tax attorney needs to follow certain procedures which are accepted according to the legal laws.
Duties and services of income tax attorney can be provided to an individual earning salary or one who is on pay roll of the company or to the company to whom service is rendered. Duties and services of income tax attorney are legally abided and changes with the changing rules anyhow some attorneys work out of track and help their clients which might not be legally accepted.
Income tax attorney needs to see that the assets are invested in prudent manner, also needs to avoid conflict of interest pertaining to any transaction which is related to taxation. While performing any duties and services are properly performed the tax attorney should be able to answer any sought of result.
Tax attorney having sufficient knowledge should not deprive beneficiaries from getting knowledge about taxes, terms and provisions. Will, durable property, asset or any other related matter should be properly made understand to the client by a tax attorney as their duty and services. Also tax attorney should ask for fees for doing their duties and services or else it will become social work.
Beside preparing and filing necessary tax return there are many important duties and services which tax attorney is suppose to perform in a legal fashion. After educating client it is also duty of tax attorney to educate himself everyday by learning changing scenario and keeping update himself by knowing what are the changes taken place and what changes might take place in taxes though he may not be an analyst.
Tax attorney colleges
Active mind, logical reasoning, analyzing skill, patience and self confidence are some of the attributes required if one wants to become tax attorney and if one wants to appear for the entrance exam for tax attorney.
Basic eligibility for the course is Higher Secondary Class or 10+2. However any graduate form any discipline can opt for the LLB degree course. Selection is done basically on entrance exam. All India entrance test for admission is offered at National law school of India and lakh of students appears for this exam.
National law school of India is in Bangalore and is set up by the bar council of India, the numero uno law. There are many colleges established in different cities who offer this course in India like Indian Law School in Pune, KC College in Mumbai, Indian law institute in New Delhi, Symbiosis Society Law College in Pune and many others.
All the colleges in India not only provide excellent theoretical training but also practical training which includes court attendance for certain period of time than legal research projects based on reality and practical work in legal aid centers.
After doing the course for tax attorney the job prospect is also very high but if proper path is followed. There is never dearth of jobs for lawyers and also the vacancy in government services is on high scale. Also work of legal advisors in various corporate companies and industrial organization can be done and if any individual do not want to work for any company than definitely he can do his private practice.
Attorney search
Searching for an appropriate attorney for particular matter is not at all a difficult task if one knows what the resources available are and how to go about following those resources when and where required.
Every attorney is specialized in some subject while some are known only for solving matters related to particular subject while some act as an attorney in general who looks after everything. Now how to trace these attorneys becomes difficult for companies or an individual who require attorneys to settle their maters let it be related to asset, payroll or another thing.
Attorney search can be done through yellow pages, online, references or it may be any other source. Now the best part about yellow pages is that it helps in knowing about tax attorney city wise with their contact number and address so one can easily follow them. Online search is also very helpful as it keeps update who are the upcoming attorney and who the active members are.
While doing search or say prior appointing attorney one needs to see how active and what are the record of the attorneys in the past and what kind of duties and responsibilities he can perform. Search for attorney can be done for particular case or transaction and can be paid accordingly.
Every company or an individual do search for attorney according to their convenience sometime attorney is searched based on experience, sometime based on location, based on money or it may be any other factor like education, gender, age and so on. Searching attorney is not a difficult task but what is important is selecting the best one out of the available options.
Attorney services
Providing different kind of services is a duty of an attorney and how to perform it is the work of attorney which he or she should know how to do it. There are many services which attorney has to perform as well as there are many other services which attorney is not supposed to provide.
The very basic service of an attorney is to provide client with all information needed to fulfill obligation under law. Attorney most of the time takes advantage of a tax payers who does not have knowledge bout the tax, audit and collection related procedures and they convert this advantage as a part of their services.
There are many services which an attorney needs to do like - draft a proper audit strategy and defense, negotiations at various level, identification of arguments which are favorable to tax payer and development of various issues which are related to tax liability.
Defending client against fraud and fighting for the same is a service which needs to be provided also in order to prevent error and abuses comprehensive, creative and aggressive audit representation is need to be done. Also attorney need to sit with accountant for certain issues like while preparing installment agreements for tax payments.
There are many services which attorney cannot render to clients and is need to be done by accountant but many a times the services are combined and is performed by attorney which is not legally right. Attorney can provide their services not only in India but also in abroad that is services to Non Resident of India or for the people employed outside India.
