Secrets of Success
- Knowledge, Training, Patience and Hard Work
To achieve professional success each student has to work very hard
with ample patience and to wait for the right opportunity. He/She
should judiciously blend
their academic knowledge, gathered in the process of acquiring their
academic degrees, with proper professional training. This professional
training or practical knowledge is not imparted in an academic
institution. It has to be acquired from any professional school like
Bengal Tax Counsel who is geared up and competent enough to offer such
An accounts student who likes to take up his/her career as a
successful Accountant has to go through the process of adopting the
modes of changes from manual accounts to computerized accounts. He/she
has to take proper practical training to convert his/her career
orientation from a conventional Manual Accountant to an up-dated
e-Accountant with thorough knowledge of accounting software.
Similarly, students who intend to shape their career as independent
Tax Consultant must equip themselves with thorough professional
training. In today’s world it will not help if Tax Consultants know
only VAT or IT. Comprehensive knowledge of Service Tax, Profession
Tax, CST, Central Excise, ESI, PF, SSI, Banking, ROC, eTDS, eFiling,
Manual and Computerized Accounting process would also be necessary.
Such comprehensive training is offered only at BTC.
Criteria for being a Tax Consultant
Any individual or professional having educational background of any of
these five streams – Advocate, Chartered Accountant, Cost Accountant,
Company Secretary and B.Com. ( holding Form 87 ), can practice as a
Tax Consultant as per the VAT Law. A B.Com. graduate can practice
independently as an Authorized I.T. Practitioner as per the Income Tax
An Independent Profession
Tax Consultancy is an independent profession. Tax Consultant is like a
Doctor, Lawyer or a Chartered Accountant, who practice independently
to make their own career. A Tax Consultant virtually acts as a ‘Legal
Doctor’ for an organization or an individual. His/her responsibility
covers total planning and implementation of overall tax matters.
Tax Consultant and Accountant
Tax and Accounts are absolutely interdependent and complementary to
each other. Though both these career streams are almost analogous, yet
there are some differences. Any student who intends to be a successful
Accountant essentially concentrates more on accounts related matters.
But, to be a successful Tax Consultant one has to acquire in-depth
knowledge on various modes of Taxation, beside having good accounts
knowledge. The Tax Consultant has to act like a versatile and
comprehensive ‘departmental store’ for the client.
Tax Consultant and Accountant – in high demand
Till 31st March,2005, as per old Sales Tax Law, only manufacturers and
were liable to maintain Books and pay Taxes as First Point Tax.
Subsequent introduction of VAT from 1st April 2005, all business
houses with a turnover in excess of Rs 5 lakhs per annum are liable to
pay tax and are required to maintain proper books of accounts. Recently,
in service sector, Service Tax has been imposed on as many as 109
items instead of a meager three items. In another segment, that is
Income Tax, number of tax payers has increased by leaps and bounds.
Naturally, scope of employment and/or independent practice has also
increased substantially in all sectors.
can succeed too
Tax Consultancy and Accountancy profession remains no more the
monopoly of male professionals. With the introduction of eFiling for
almost all tax returns and more conducive working environment there
has been a significant surge in the number of female incumbents in
this field. It is obvious that the chances of success for a female
student is definitely as high as her male counterpart, provided proper
training is obtained from any professional institute like BTC.