This article on ‘Top 10 Taxation Law Internships in India: All you need to know‘ was written by an intern at Legal Upanishad.
Introduction
An internship is a limited period of work experience that an organization provides. Internships help people get ready for a wide range of jobs in businesses, non-profits, and government agencies. They are typically undertaken by college students and fresh graduates who wish to improve industry-specific skills and knowledge. Today, we will be talking about those taxation law internships which you must be doing, and how to get them to improve your resumes, and also give you perfect exposure to taxation law in India.
Taxation Law internship
Tax law is a set of rules that tell taxpayers that the government has a claim on them and that they have to give the government part of their income or property. Most people agree that governments have the right to levy taxes. Even while there are parallels and common aspects among the tax laws of different nations, each country typically has its own unique tax code.
A taxation law internship is beneficial to the law student in many different ways. Following is a list of a few of them:
1. Have Greater Stability
Although tax law isn’t entirely immune to the ups and downs of the economy, it tends to be more stable regardless of these fluctuations. Additionally, the subject is projected to see an increase in demand due to tax reform being a persistently popular political issue.
The emotional stability of tax legislation may also be greater. When compared to, for instance, family law, the work is less emotionally taxing. So studying tax law can be the best option for you if you want to stay away from the dramatic side of the legal profession.
2. Have a better work-life balance
In comparison to their counterparts in other legal specializations, tax lawyers report working fewer and more regular hours. Tax season might be the sole exception to this rule (February to mid-April). As a tax attorney, it may be simpler to take vacations, but certainly not around April 15.
3. Can make a Difference
Your advice might help keep businesses operating or a family’s finances stable. Taxes can be difficult at times. Alternatively, you may work for a non-profit, supporting its objectives through administration. Additionally, you can offer your services as a volunteer to those in need through programs like the Volunteer Income Tax Assistance (VITA) program.
Finally, you might collaborate with the IRS, Treasury Department, or other governmental organizations if you wish to amend the tax legislation at a higher level.
Best Taxation Law internships in India
- AZB PARTNERS
India’s AZB & Partners is a corporate legal practice with locations in Bangalore, Mumbai, Delhi NCR, and Pune. The firm’s more than 90 partners, who specialize in general corporate, M&A, banking, and finance practice, also handle dispute resolution, real estate, competition law, intellectual property, capital markets, compliance & investigations, funds, employment law, etc.
AZB PARTNERS’ Official Website:- https://www.azbpartners.com/
How to apply: Interested candidates may apply by uploading their resume along with a photograph on either the official website or else at https://www.azbpartners.com/internship/
- Khaitan & Co
Debi Prasad Khaitan founded it in 1911. Khaitan & Co., one of India’s oldest and largest law firms, has about 750 fee earners and consultants, including 170 partners and directors. Khaitan & Co has offices located in Kolkata, New Delhi, Bengaluru, Mumbai, Chennai, and Singapore.
Khaitan & Co’s Official Website: https://www.khaitanco.com/
How to apply: Interested candidates can upload their resumes or write to them at internships@khaitanco.com
- Nishith Desai Associates
Nishith Desai Associates is a research-based global law firm which is located in Mumbai, Bangalore, Silicon Valley, Singapore, and New Delhi (NDA). In addition to having an in-depth understanding of the industry, they specialize in offering comprehensive strategic legal, regulatory, and tax guidance. Through its International Tax and Legal Proceedings practice, the company assists its clients by providing representation before tax authorities, high courts, the Supreme Court, and Conflict Resolution authorities, as well as by identifying clients and providing them with strategic advice against any tax disputes they may encounter.
Nishith Desai Associates’ Official Website: https://www.nishithdesai.com/
How to apply: Candidates who are interested can upload their resume and cover letter at internship@nishithdesai.com
- Economic Law Practice
Economic Laws Practice or ELP is the leading full-service law company in India, with headquarters in Mumbai. ELP has six locations across India and employs over 200 trained experts. ELP is uniquely positioned among law firms in India in terms of its full transactional, advising, litigation, regulatory, and tax services. ELP’s vision is centered on people, which is expressed primarily in the company’s emphasis on creating and maintaining long-term client relationships.
Economic Law Practice‘s Official Website: https://elplaw.in/
How to apply: One can upload the resume at the website or can just click at https://elp.awarathon.com/internshipform
- Lakshmikumaran & Sridharan
L & S is a full-service law company with locations in twelve cities across India. The firm’s guiding principles include honesty, expertise, creativity, collaboration, and a singular approach. Numerous legal platforms have ranked them as the No. 1 taxes law company for three straight years. The taxes team includes, among others, Mr. V. Lakshmikumaran, Mr. Parthasarthy R, and Mr. Vishwanatham T. For issues involving direct and indirect taxes as well as global trade, the team offers advice, litigation, and audit compliance services.
L & S’s Official Website: https://www.lakshmisri.com/
How to apply: Interested ones can apply at https://interns.lakshmisri.com/Home/
- L&L Partners
L&L, originally Luthra & Luthra Law Offices, is one of India’s most prestigious law firms, having assisted various global organizations in establishing a presence in India and navigating the difficult Indian legal system. L&L Partners focuses mostly on corporate and commercial law. Therefore, if one believes has the drive for commercial and corporate legal work, such as M&A, private equity, dispute resolution, insolvency & bankruptcy, intellectual property, capital markets, banking & finance, restructuring, tax, etc., one may consider applying at L & L Partners, formerly Luthra & Luthra Law Offices.
Company’s Official Website: https://www.luthra.com/
How to apply: To enquire about the taxation law internship opportunity one can reach them at internship@luthra.com
- Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas is an Indian law firm that provides comprehensive legal services and has its headquarters in Mumbai, India. Amarchand & Mangaldas changed its name to Amarchand & Mangaldas & Suresh A. Shroff & Co. on May 11, 2015. The business had 132 partners and 750 attorneys as of April 1, 2020. The firm provides advice to a broad range of clients, including domestic and international businesses, financial institutions, start-ups, venture capital funds, private equity funds, and governmental and regulatory agencies.
Cyril Amarchand Mangaldas’s Official website: https://www.cyrilshroff.com/
How to apply: To enquire about the taxation law internship opportunity one can reach them at cam.careers@cyrilshroff.com
- Argus Partners
Argus Partners is an Indian Law Company, located in Mumbai, Delhi, Bengaluru, Kolkata, and Ahmedabad. The firm and its partners have been acknowledged over the years by a number of rankings and awards at the Indian and Asian levels. Argus Partners provides broad business and legal advising services in a variety of fields, such as private equity, banking, and finance, projects and project finance, competition, real estate, indirect tax, employment, litigation, and dispute resolution.
Argus Partners’ Official website: https://www.argus-p.com/
How to apply: Interested candidates can apply through the form provided on the official website and can also upload their resume along with the cover letter.
- Dua Associates
One of the leading full-service law organizations in India, Dua Associates represents a variety of clients, including many Fortune 500 organizations, publicly traded companies, public-sector enterprises, and privately owned businesses. Dua Associates is well known for its competence in difficult corporate transactions such as mergers and acquisitions, foreign direct investment, private equity, and others.
Dua Associates’ Official Website: https://www.duaassociates.com/
How to apply: Interested candidate can mail their resume to dua.hr@duaassociates.com
- India Law Offices
India Law Offices LP was founded with the intention of delivering to India the technology and process-driven legal services that are prevalent in developed countries such as the United States, the European Union, and Japan. Globally, they are affiliated with different legal, tax, and corporate finance networks, allowing them to assist clients across the globe. The advocates, Chartered accountants, and company secretaries of India Law Offices LP are hand-picked, background-checked, and experienced, making the team trustworthy and dependable.
Official Website: https://www.indialawoffices.com/
How to apply: To enquire about the taxation law internship opportunity one can reach them at office@indialawoffices.com
Conclusion
A satisfying career option is tax law. Some of our finest lawyers began their careers as tax attorneys. Similar to how some of the largest legal firms today began as tax law businesses. However, tax law is extremely technical and difficult to comprehend. This takes an analytical mindset. One’s capacity to interpret tax law continues to develop over time. Also necessary is knowledge of related subjects such as accounting and auditing. Tax legislation is industry-responsive and continues to evolve swiftly.
One is needed to be updated on current events and be vigilant regarding the most recent circulars, exemption notifications, etc. It is a fantastic employment opportunity for those wanting a variety of cases, demanding situations, and experiential learning based on rewards.
References
- Law Mint ”Best Law Firms for Corporate Law and Taxation Law Internships in 2022” https://lawmint.com/internships/best-corporate-tax-and-taxation-law-law-firms-in-india-for-llb-internship/
- Krishnendra Joshi (February 21, 2019) Career Opportunities in tax law https://blog.ipleaders.in/career-opportunities-in-tax-law/
- Team YLCC “Top 5 Taxation Law Firms in India for Legal Internships” https://www.yourlegalcareercoach.com/top-5-taxation-law-firms-in-india-for-legal-internships/