Best Law Firms for Corporate Tax & Taxation Law Internship in 2024

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What is Corporate Tax and Taxation law practice?

Companies in India have to deal with a range of direct and indirect taxes levied by the Central and State Governments and some minor taxes levied by the local authorities.

Firms have to plan their business and operations taking into consideration taxes and duties such as Excise Duty, Customs Duty, Goods and Services tax, Corporate and Personnel Income Tax, Company and Partnership Income and Capital gains tax.

While the implementation of the Goods and Services Tax (GST) in 2017 has streamlined the taxation process to a large extent; there are still several areas of taxation that can have significant impact on the financial and operational aspects of the company; and need the specialized advice and assistance from legal and tax experts.

Law firms with Corporate & Taxation practice advice their clients on aspects such as transition procedures, ESOPs, double taxation avoidance agreements, permanent establishment advisory, tax litigation, comparative analysis for choice of jurisdiction for investment, anti-profiteering, backward area exemptions & incentives, incentives granted to EOUs, STP units or SEZ units, classification, refunds, input credits, tripartite contracts, transactions in securities, incentive programs, trade promotion schemes, transfer Pricing, subvention income, securitization and applicability of schemes in the Foreign Trade Policy.


GST Advisory often forms a major service area for law firms with Taxation Law practice.

Law Firms provide services relating to GST returns and assessments, GST advisory, tax compliance reviews, contract reviews, due diligence and litigation. GST related services may span across the following:

  • GST Advisory Services
  • GST Transition Assistance
  • GST Training & Implementation support
  • GST Review & Planning

 

To summarize, law firms can offer a wide range of legal services to multinationals, domestic corporations, firms and individuals in designing, implementing and optimizing their overall direct and indirect tax strategy.

Best Law Firms for Corporate Tax and Taxation Law Practice Internship in 2024 for LLB Students

This list of best law firms is sorted in alphabetical order.


Free Full Course Available on LawMint's YouTube Channel

How to land your dream LLB internship in a top law firm Video series

How to Land Your Dream LLB Internship in a Top Law Firm


Practical and comprehensive course, with real examples and step-by-step analysis of the complete internship application process. Check out LawMint's YouTube channel now!


Best Law Firms for Corporate Tax and Taxation Law Practice Internship LLB Students