Tax Consultancy

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I am an MCOM graduate and I wish to start a tax consultancy(Both income tax and gst filing).

1.Do I need to pass any exams?

2.I am planning to prepare and maintain accounts of firms( for the purpose of income tax filing) and then audit it with chartered accountant.Is it possible to do so?

3.Please help me with necessory suggestions and advices
Replies (5)
Apply online on GSTN portal for GST practitioner post . For Income Tax visit your nearest jurisdiction office .
Is it mandatory??
Yes , It is mandatory , you apply online for GST practitioner on GSTN portal , visit website www.gst.gov.in .
Ok thank u

Starting a career as a tax consultant with an M.Com degree is a solid foundation. In most cases, you don’t need to pass additional exams to offer services like income tax filing and GST compliance. However, obtaining certifications, such as becoming a Registered Tax Practitioner or completing specialized courses in taxation, can enhance your credibility and attract more clients.

Yes, you can prepare and maintain accounts for firms and collaborate with a Chartered Accountant (CA) for audits, as audits must be conducted by a licensed CA under Indian regulations. This partnership allows you to focus on bookkeeping, tax preparation, and compliance while ensuring that statutory audit requirements are met through a qualified professional.

For starting your own tax consultancy business, ensure that you register your firm legally, maintain proper licenses, and stay updated on the latest tax laws and amendments. Networking with professionals in the field and building a strong client base through quality service and reliable tax advice can help establish your reputation and grow your consultancy successfully.


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