A career in taxation involves dealing with direct taxes, assessment of taxes, filing returns and providing advice on indirect taxes.
Taxation is a process of imposing financial charge or tax on the citizens who earn 'taxable' income. Tax is the sum of money which is mandatory for an individual to pay to a state and forms an integral source of income for the Government. These funds are used in financing the development projects of the country. A career in taxation involves dealing with direct taxes, assessment of taxes, filing returns and providing advice on indirect taxes. With the introduction of new policies, there is an increasing need for formal training in taxation to understand & enforce the new system at all levels.
Public sector undertakings and corporate houses are always on the lookout for competent aspirants who've studied taxation and offer designations such as tax accountant, revenue managers and corporate tax technician amongst numerous others. Tax practitioners in Indian Revenue Service hold top notch posts and take care of file returns, coordinate tax audits and keep a tab of changes in domestic and foreign tax regulations amongst many other related allied jobs. A tax practitioner can join any organization with the key responsibility of monitoring the tax related issues of the firm. Professionals in this career can also opt for teaching jobs in universities and colleges. The option of working independently as a tax consultant is also becoming popular.
Where to study?
Osmania University, Hyderabad
Rashtrasant Tukadoji Maharaj Nagpur University (RTMNU), Nagpur
Pune University, Pune
Shri Cloth Market Kanya Vanijya Mahavidyalaya, Indore
Sri Krishnadevaraya University, Anantpur
Sri Venkateswara University, Tirupati
University of Rajasthan, Jaipur
University of Mumbai, Mumbai
Jai Narayan Vyas University, Jodhpur
Kakatiya University, Warangal