Taxation

Hi Sindhu,
To become an Income Tax Officer, one should first of all enter the Income Tax Department as Income Tax Inspector or Tax Assistant. Then, they can get promotion to the designation of Income Tax Officer after qualifying the departmental examination. First step required for joining as Income Tax Inspector or Tax Assistant is to qualify Combined Graduate Level examination. After that, there is personal interview for Income Tax Inspector post and, there is skill test for Tax Assistant post. Interested aspirants can apply for All India Level competitive exam either online or offline. Educational requirements - Aspirants who want to appear for the written examination should complete their graduation (any discipline) from any University/College approved by University Grants Commission (UGC). Age requirements - Maximum age limit specified to apply for the written examination is 27 years while minimum age limit is 18 years. Upper age relaxation of 3 years will be given for OBC candidates while 5 years will be given for SC/ST candidates.

If you are very clear about practice in taxation law, there are four options:
1. Do CA alongside B.Com followed by LL.B. (6 year plan, less rigorous, but time consuming)
2. Do CA/CS alongside B.A. LL.B/B.Com. LL.B. /BBA. LL.B. Depending on institute choice. (5 year plan, Most ideal, but highly rigorous, since two professional courses parallely)
3. Do just CA if not targeting practise with law firms, more suited for individual practise.
4. Do just B.A. LL.B. /B.Com. LL.B. /BBA. LL.B. , if targeting tax practise with law firms. (while CS is recommended)
LL.B. In any form allows practise as advocate, though one can either be practising CA or CS or Advocate (that is choice one has to make), but degrees matter and help gain client trust and generate reliability.

Job Prospects of PG Diploma in taxation law:
A course in Taxation will let you to explore amazing career opportunities in accounting domain. You can find job as per your educational background and working experience. Aspirants who have recently completed their graduation can explore jobs in private and government sectors whereas, professionals can join company as tax policy analyst, tax recruiter, tax advisor, tax examiners, revenue agents, tax manager, tax collectors and tax accountant. Lets take a look on some job titles after completion of a Taxation course:
Personal Finance Consultant
Employment Tax Specialist
Tax Policy Analyst
Financial Analyst
Tax Attorney Specialist
Accountant
Marketing Manager
Revenue Agent
Business tax consultant

Hi Jagriti!
The CFA Program curriculum covers concepts and skills you will use at all stages of your career, bridging academic theory, current industry practice, and ethical and professional standards to provide a strong foundation of advanced investment analysis and real-world portfolio management skills. Chartered Financial Analyst- CFA Level 1 is a 6 month, part time course. In order to be eligible for this course, you must have completed graduation or equivalent from recognized college. You should also have a work experience of minimum 48 months to fulfill the eligibility criteria. Interested candidates can register online on the website: learning.icicidirect.com or visit the nearest centres.

Hi Shruti!
In order to become an income tax officer, you should get into Indian Revenue Service. To get into IRS, you need to clear your civil service examination which is conducted by UPSC. The eligibility criterion for the examination is graduation from a recognised University. The candidate must be of 21-30 years of age. The Civil Service Examination comprises of an aptitude test (CSAT), a main examination and personality test.The aptitude test comprises of sections like Comprehension, Interpersonal skills, Logical reasoning and analytical ability, Basic numeracy and data interpretation. The main exam has questions related to current affairs, History, Geography, Indian Politics, Economic and Social development, and General Science. The interview is conducted to assess a candidate's intelligence, abilities, traits and values.