Taxation Law can help in triggering growth of country

Taxation Law can help in triggering growth of country

Taxation has become highly important for any country. It helps in generating money for the running of various schemes or processes in it. Through it, a nation imposes taxes on different kinds of things like property, income, business, etc. These taxes are imposed and looked after by the experts in the taxation law.

Read on to know more about the field of taxation law.

What is Taxation Law?

The branch of law, which deals with taxation, is called taxation law. It is an area of legal study, where public or sanctioned authorities levy a set of rules and procedures to assess and collect taxes legally. The authorities can be federal, state or municipal governments.

The taxation law entails the rules, policies and laws, overseeing the tax process on various things, like transactions, property, estates, income, capital gains, etc.

Minimum Eligibility

In order to get admission in a taxation law course at undergraduate level, a candidate should fulfil the eligibility criteria of having passed 10+2 education from a recognised board with a minimum aggregate of 50% marks.

For obtaining a seat in the course of taxation law at postgraduate level, an aspiring candidate must have completed graduation successfully from a recognised university with at least 50% marks in qualifying examination.

The candidate may also have to get a spot in the merit list or clear an entrance test as per the requirement of the educational institution one is looking to get admission to finally realise the dream of studying taxation law. The required percentage for getting admitted in this course can also vary as per the educational institution.

Scope

The scope of taxation law seems to have become vast around the world. There has also been a spike in the demand for the professionals working in the field of taxation law in the last several years. These experts get good pay packages, many employee benefits and proper working conditions. They can either take up teaching in an educational institution or work in industry.

Opportunities

In both India and abroad, there are many job opportunities for the experts working in the field of taxation law. These professionals can work in many job profiles, such as tax collector, tax attorney, tax analyst, chief financial officer, financial advisors, tax associate, lecturer, etc.

The top recruiters in the field of taxation law are Desai & Diwanji, Phoenix Legal, DSK Legal, Anand & Anand, Khaitan & CO, AZB & Partners, Amarchand & Mangaldas, Luthra & Luthra Law Offices, Platinum Partners, etc.

Skills Required

If a candidate wants to have a promising future in the field of taxation law, it is a must to possess a set of essential skills, such as knowledge about the subject, communication skills, organisational skills, technical skills, problem-solving skills, time management, work under pressure, presence of mind, patience, analytical skills, managerial skills, creativity, ability to multitask, advocacy, patience, negotiation, leadership skills, resilience, empathy, people skills, etc.

Why choose Taxation Law?

A candidate can build a successful career in the future if one looks to take up taxation law as a career option.