As a young lawyer who wants to work in a law firm, tax is a very highly rewarding area to specialise in.
It has low competition but high opportunity, and most lawyers are quite scared of tax laws in law school and afterwards.
If you want to get into an area of law where there is no dearth of jobs no matter how the market is doing, and far less competition than other areas of law, then tax law is a great choice.
India has complex tax laws. Despite significant simplification of indirect tax laws through introduction of GST, laws remain complicated and are changed fairly frequently. It is also a service that almost every business requires.
With government efforts to increase the tax net, the number of taxpayers have been drastically increasing in the last couple of years. Number of businesses paying both GST and Income Tax is steadily rising, which is increasing the future market for tax lawyers and especially corporate taxation lawyers in a big way.
As the Indian economy is moving towards formalization from a mostly informal economy, the clout as well as market for tax lawyers is on the rise.
Government hires a large number of tax lawyers as it is going after non-taxpayers aggressively.
One of the biggest area of growth for tax lawyers in tax advisory, and compliances, which is also done by accountants. However, advice of lawyers is sought after, and this area is seeing growth too.
Apart from ongoing income tax, GST and other tax disputes, significant opportunities also arise in every transaction as tax lawyers provide very critical inputs with respect to tax efficiency of every transaction.
Whether a company should be bought by acquisition of shares or slump sale, whether to acquire the subsidiary or the holding company in another country, how to reduce tax liabilities in each transaction - these things are decided by tax lawyers.
If you want to become a successful litigator, and yet earn well during your early days, starting your career as a tax lawyer is a good strategy. Some of India’s most famous lawyers such as Nani Palkhivala, Harish Salve, Arvind Datar etc. started as tax lawyers, and eventually became the most illustrious constitutional lawyers.
This is partly because tax law matters are high stakes, and the government keeps coming up with new tax laws and changes in existing laws, opening an opportunity for challenging these laws in the court.
The opportunity to build big law firms is also very high for tax lawyers. Several leading full service law firms today were originally started by tax lawyers. Good examples will be Nishith Desai Associates, Lakshmikumaran and Sridharan, Economic Law Practice, Vaish Associates, etc. Ajay Bahl of AZB & Partners used to be a tax practitioner. In these cases, highly profitable tax practices eventually led to creation of larger full service corporate law practices.
In short, tax law offers opportunities like few other areas of law. It is evergreen, always in high demand and good tax lawyers are always short in supply.
Companies which earn thousands of crores have to pay taxes in hundreds of crores. They will go to great lengths to legally reduce their tax burden, which straight on adds to their profits. Naturally, it is lucrative to be an effective tax lawyer.
What is the career potential after doing this course?
- You can work in a tax law firm
- All big law firms have substantial tax law teams. They do not hire a lot of people in tax law, but even the candidates who want to work in tax law are very few. Many lawyers are scared of maths and numbers and tax law definitely requires some quant skills.
- In-house legal teams also hire tax lawyers especially when they have many tax law cases going on. E.g. Telecom companies like Airtel, conglomerates like ITC, etc.
- You can build a tax practice in the tax tribunals and even High Courts and Supreme Court in tax matters. This is a very prestigious and remunerative area of practice.
Big 4 accountancy firms as well as all other accountancy firms are always prepared to employ qualified and capable tax lawyers
This course is recognized by the National Skill Development Corporation, a PPP under the Ministry of Skill Development and Entrepreneurship of the Government of India. You will receive a certificate cobranded by NSDC and Skill India on successful completion.
This is how the certificate from NSDC and Skill India will look as per the current applicable format (may change as per the approval authorities):
Here are some of our faculty members
Co-Founder and COO, Lawsikho (former corporate lawyer)
Co-founder and Chief Knowledge Officer, LawSikho, former in-house counsel and company secretary with over a decade of experience in securities, funds and capital markets
This is an indicative list of our guest faculty members and not an exhaustive list. We may change the faculty members at any point based on availability.
Money back guarantee
If you take this course, follow it diligently for a month, do all the exercises but do not find value in it, we will refund the entire course fee to you. It is a 100% money-back guarantee with only one condition, you must do it properly for a month. If you don’t find it valuable after that, get your entire money back.
View Refund Policy
Job and internship support
We are the only organization in India which teach this kind of comprehensive corporate taxation course. Many employers, law firms and companies are happy to recruit our high performing students. If you do well in your exercises and classes, we can help you to get jobs, internships and assessment internships in good law firms, with renowned lawyers as well as in various companies.
List of Weekly Exercises
- Identify how tax laws impact different kinds of businesses - companies, LLPs, partnerships, proprietorships, HUFs, etc.
- Determine how to dividend payouts to shareholders, profits and salary to partners and directors is taxed
- Identify whether angel tax or startup tax is applicable to a specific transaction
- Identify which expenses can be deducted from business income
- Identify whether the obligation to deduct Tax at Source (TDS) is applicable in different situations
- Determination of tax on shares purchased upon exercise of Employee Stock Options (ESOPs)
- Determination of tax on shares sold post exercise of ESOPs
- Determine whether you are eligible to disclose black money under Black Money Act (multiple scenarios)
- Determine appropriate method for disclosure of various kinds of undisclosed foreign assets
- Learn about consequences of violation of Black Money Act and applicability of Prevention of Money Laundering Act
- Identify key pillars of tax compliance for individuals and businesses
- Advance Tax
- Tax Deduction at source
- Filing of Returns
- Tax payment dates
- Identify options available to tax assessee in case of a search
- Identify options available to tax assessee in the event of an adverse tax order
- Determine whether a business connection or permanent establishment exists in specific situations
- Identify tax consequences of issuance of shares vs. debentures to offshore entity
- Exercise on tax implications of a cascading loan transaction
- 3 article-writing and publishing exercises
- Career building and networking exercises
- International taxation and DTAAs
- Exercise on Tax Implications
- Exercises on GST
- Exercise on GST Registration and Compliances
- Exercises on Transfer Pricing Disputes With Introduction to Basic Concepts of Transfer Pricing
- Exercises on How to calculate the Arms’ Length Price (ALP) in different scenarios
- Exercises on Bright line test and arm’s length intensity test in AMP cases
- Formulate a litigation strategy and draft statements of facts, reliefs and grounds for a specific appeal or application.
- Draft response to scrutiny/assessment notice under Section 143(2) and 142(1) of Income Tax Act, 1961.
- Draft a response to details called for by the assessing officer under Section 142(1) of the Act vide a show cause notice.
- Draft an appeal to be filed before the Commissioner of Income Tax (Appeals) along with applicable fees and supporting documents.
- Draft an appeal to be filed before the Commissioner of Income Tax against the assessment order of the assessing officer.
- Draft an appeal before the Dispute Resolution Panel for a potential transfer pricing dispute.
- Draft an appeal before the Income Tax Appellate Tribunal / Central Excise and Service Tax Appellate Tribunal.
- Draft a rectification application to be filed before the Income Tax Appellate Tribunal.
- Draft an appeal before the Income Tax Appellate Tribunal against the order of the Commissioner of Income Tax (Appeals).
- Draft an application before the Authority for Advance Ruling under different taxation laws.
Above prices are inclusive of all applicable taxes and charges.
incl. of all charges
Printed study material (by courier)
1 online live class/ week (12 weeks)
2 practical or drafting exercises per week (9 weeks)
3 writing assignments (3 weeks)
Get digital access to entire study material
Access on LMS, Android & iOS app
Instructor feedback on assignments
Doubt clearing on WhatsApp, LMS & classes
Instructor led course with online live classes
Online exams (give exams as per your convenience on given time slots)
Certificate (by courier)
Coaching for professional networking
Training for writing and publishing articles
Internship & Job Support
Interview preparation guidance
Networking with other students & alumni
Access to updated content online for 3 years
Doubt clearing within 24 hours
Top students are recommended to law firms and companies
Internship and job support available
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