Tax consultants are in Great Demand after learning Tax courses in Income Tax Service Tax VAT etc
Tax or revenue collection is a very old way of collecting resources for the government and in order to run government efficiently it needs to levy taxes on various goods purchased and sold in market various services rendered to clients at various occasion and various level in the industry, hence Government tries to find out various ways to levy taxes to raise different resources by different means. It will levy taxes both on individual and corporate in order to fulfill its coffers, and once it is done it is ready to allocate the resources in a meaningful manner for the upliftment of society and to bridge the gap between, since revenue collection is not an easy task, and human always to try to avoid taxes rich are hesitant to part their wealth in the form of taxes. It is common principal to collect more revenue from those who are rich at higher rates and leave those with minimum resources to live in this world.
Various laws have been formulated in different countries to collect the taxes with different rates it entirely depends upon the economics of the country, its growth and natural resources available to it while deciding the tax rates, that will be applicable to its people and industry as a whole.
In India tax laws have been very old and after liberalization in 1991 many efforts were made to simplify them and bring the rates down to bottom level in order to increase the compliance from tax payer, since high rates leads to non compliance and large scale evasion of taxes, evasion is very popular among developing as well as developed countries
How to become Tax Consultants
Various Accounting institutes offer Diploma in Taxation courses which covers both direct and indirect taxes like:-
Income tax :- is a direct tax dealing with both individual and corporate to collect directly from the assessee
Service Tax:- is an indirect tax collected by central government by service providers like telephone, education, electricity, catering, professional services etc.
VAT: Value Added Taxis levied upon sale and purchase of goods from similar state, and once the goods are moving out of state then inter state tax like central state tax is applicable the rate of both central sales tax and VAT varies depending upon the type of goods and the state where the sale and purchase of goods takes place
Central Excise: Is again in indirect tax levied upon manufacturing of goods it is collected by central government through various mechanism.
Now to become a tax consultant one should be aware of both theoretical as well as practical aspect of various laws with an ability to understand.
There are various institutes in India which offers tax training and courses at various professional level There are various professional courses also available which can be considered beneficial after 12th in commerce, various professional training offered byinstitutes like:-
Students can also join such institute of accountants to become a successful and qualified taxation professionals, these institute offers various professional accounts and taxation courses.
Various laws have been formulated in different countries to collect the taxes with different rates it entirely depends upon the economics of the country, its growth and natural resources available to it while deciding the tax rates, that will be applicable to its people and industry as a whole.
In India tax laws have been very old and after liberalization in 1991 many efforts were made to simplify them and bring the rates down to bottom level in order to increase the compliance from tax payer, since high rates leads to non compliance and large scale evasion of taxes, evasion is very popular among developing as well as developed countries
How to become Tax Consultants
Various Accounting institutes offer Diploma in Taxation courses which covers both direct and indirect taxes like:-
Income tax :- is a direct tax dealing with both individual and corporate to collect directly from the assessee
Service Tax:- is an indirect tax collected by central government by service providers like telephone, education, electricity, catering, professional services etc.
VAT: Value Added Taxis levied upon sale and purchase of goods from similar state, and once the goods are moving out of state then inter state tax like central state tax is applicable the rate of both central sales tax and VAT varies depending upon the type of goods and the state where the sale and purchase of goods takes place
Central Excise: Is again in indirect tax levied upon manufacturing of goods it is collected by central government through various mechanism.
Now to become a tax consultant one should be aware of both theoretical as well as practical aspect of various laws with an ability to understand.
There are various institutes in India which offers tax training and courses at various professional level There are various professional courses also available which can be considered beneficial after 12th in commerce, various professional training offered byinstitutes like:-
- CA (The Institute of Chartered Accountants of India commonly known as ICAI)
- CS (The Institute of Company secretary of India ICSI)
- ICWA (The Institute of Cost and Works Accountants)
- IPA (The Institute of Professional Accountants)
Students can also join such institute of accountants to become a successful and qualified taxation professionals, these institute offers various professional accounts and taxation courses.
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