In order to become an Income Tax Consultant in India, aspirants need to study the post graduation course in Taxation. Else, they should have completed the Certified Public Accountant course provided by CPA Council.
How can I become a tax consultant in India?
In India, most of the professionals acting as tax consultants are law graduates or persons having professional qualifications. There are no prescribed qualifications to become a tax consultant/ advisor. Individuals with interpretation skills and expertise knowledge in Tax Laws can act as a Tax Consultant.
What qualifications do you need to be a tax advisor?
You could take a degree and then further professional training through a graduate scheme, to qualify. You’ll usually need a good pass at degree level as this option is very competitive. The following subjects are useful, although not essential: accountancy.
How can I become a tax consultant after BCOM?
Key Points in the process
- Complete the 12 years of Schooling.
- Earn a graduation in Commerce, Finance, Taxation or related fields.
- Study the post graduation course in the respective fields.
- Otherwise, pursue the CPA program.
- Gain on-the-job training in Taxation law and practice.
Is tax consultant a good career in India?
Therefore to deal with issues related to tax compliance you need the services of a professional tax consultant. The career of a tax consultant is quite a lucrative one. Indeed good tax consultants working in big cities earn significantly more than a top corporate executive.
How much do tax consultants charge in India?
The highest tax charged for a consultant is 11.33% which includes the educational cess whereas an employee can get charged 33.99% as the highest tax. Consultant’s whose annual income does not exceed Rs. 20,000 will not be taxed.
Is income tax officer a good job?
Once you are placed under Income Tax Department, you can expect a stable life. The career in the Income Tax Department is considered one of the most respectable and highly reputed one because of time to time promotions and progression.
How much do tax agents earn?
How long does it take to become a tax advisor?
How long does it take to become a tax preparer? Becoming a certified California tax preparer typically takes between 4-6 weeks, as applicants must provide a certificate of completion of their 60-hour qualifying education course. Receiving a PTIN may also take 4-6 weeks if the applicant applies with a paper application.
Is a tax advisor the same as an accountant?
A tax advisor, also known as an enrolled tax agent or certified public accountant, is an accounting professional who specializes in the complex U.S. tax code, and who uses that knowledge to help taxpayers minimize their tax burden to Uncle Sam.
Who is eligible for tax consultant?
The tax consultants in India are mainly those having the qualification in law, commerce, ICWA, CA, CS, mathematics, science or other such accounting qualification.
What is the work of a tax consultant?
The primary role of a tax consultant or a tax advisor is to help people and organizations in paying their taxes. They hold expertise in tax law, tax compliance, and tax planning. … They help in making tax returns and work closely with their clients to minimize their tax liabilities throughout the year.
How do I get a tax consultant certificate?
Upon successful completion of the course, you will be awarded a certificate of completion from Institute of Company Accountants. You must obtain a final passing grade of 70% or greater to be awarded a certificate. An average of 80% or better is required for the Income Tax Professional certificate program.
How much does a CPA make in India?
US CPA Salaries:
|Salary of a CPA in the US||$119,000 per annum (on average)|
|The average salary of an experienced CPA in the US||$160,000 per annum|
|Salary of a US CPA fresher in India||Rs 60 LPA|
|US CPA salary in India||Rs 9.25 LPA|
|US CPA salary in big 4 in India||Rs 12.5 LPA – Rs 20.4 LPA|
How much does a tax advisor cost?
The average cost of hiring a tax professional ranges from $146 to $457. Purchasing tax accounting software can be a less expensive option; it can be free (for simple returns) and for more complex filing options, it will generally cost less than $130.
What is a CPA qualification?
A Certified Practising Accountant (CPA) is a finance, accounting and business professional with a specific qualification. Being a CPA is a mark of high professional competence. … complete the CPA Program, including three years of professional experience in finance, accounting or business.