How is the income of a law firm associate taxed? Do the lawyers (Associate) in the firm get the benefit of section 44ADA of the Income tax Act? In the new regime, upto 7LPA, effectively no one is supposed to pay any tax, so as a law firm associate, can we say that if I earn 14LPA, then there's no tax liability? Can someone with experience please clarify how the income of a law firm associate taxed?

As a Goa based lawyer having around 5-6 years of practice, I must say that litigation/conveyancing here is rapidly rising in response to the growing numbers of Delhites/Bombaywallas who have begun moving here post COVID thanks to wfh/desire to leave the hustle bustle etc. With the government's efforts to resume mining, there will be gradual rise in mining related work, which had virtually ceased for years. There may be some increase in tech law due to the fact that the government is trying to position Goa as a startup hub

But there's absolutely no chance coming anywhere close to a Delhi/Bombay for law practice since there's no chance of Goa replacing either, as the administrative capital or the financial capital of the country. If the proposed film City at Loliem is a success, Goa may become an entertainment/creative hub, somewhat like a poor man's Vegas/Miami and there may be some increased scope for law in these fields in the future.

So if your students don't want placement or can't get placement, then why do you feel so triggered whenever people rightly say that the placement scene isn't good? Clearly you missed that bit of logic. As for data, don't try to dilute the lies that your university produced for official government data. Flat out lies about numbers and median salary, repeatedly caught in public. Impactful presentation indeed.

1. "Has always been a lot worse than they claim" So basically something that allegedly all NLUs do - to present the statistics in the most impactful form possible? NLUO has counted even LLM selections so please let's not pretend as if anybody is innocent.

2. You're right. Someone who doesn't sit for placements cannot make a valid claim that they 'can' get a job. The context it which those words were said was this: I informed you that a record number of students have chosen to appear for UPSC, judiciary, go for litigation, higher studies etc (something for which people in fact choose NLUD over other T1 NLUs) and as a result haven't sat for campus placements. You responded with "Because they didn't get a job". I informed you the dynamics, to which you said "That's what everyone says who knows that they won't get a job". --- I hope the inconsistencies in your faulty line of reasoning are clear to you now. You can cry for all you want but people not sitting for placements and joining alternate career options is a legitimate exercise of their choice. You may speculate if they would've landed jobs had they sat for placements or not, but that's no justification to assume they made such choices because "they didn't get a job".

3. Thank you for sharing how you think one can best achieve one's upsc dreams. Frankly, nobody asked.

This is the same guy who would stop people from bursting crackers or playing sports in hostel corridors. These self-proclaimed intellectuals often believe the world should adhere to an orderly fashion, where everything is as per a strict set of norms. However, can there not be room for those who simply want to have fun? Must everything always be so rigid and structured? These comments, though perhaps disruptive to some, are made in the spirit of enjoyment and spontaneity. It's important to recognise that fun and order can coexist. There should be space for both perspectives on a platform like LI, which is the only successful social media platform specifically for law students and lawyers in current times. This diversity of thought and behaviour enriches the community and allows for a more vibrant and dynamic interaction among its members.

Where was he and his channel when NLIU had a horrible, sexist and corrupt VC? Although his long tenure was eventually ended by student protests, where was this bleeding heart journo when the same fellow was sent in as UGC nominee on the Academic Council of NUJS? Where was this journo when an inquiry conducted under the directions of NLIU EC by a retired HC judge was quietly binned by the "star VC" who was imported in from NLSIU?

If the excuse is "didn't know" all these then, what about now?

Were you not working at your internships that is I have seen many internships which are internships just in name where the students are not doing anything or what you learned wasnt enough or were you just getting certificates and not even going to those internships because I have seen some like that. I just want to know this to know the extent of knowledge which is expected to be gained at these internships

Long story short, I wasted my life in law school and did nothing of note beyond taking exams or doing a few namesake internships here and there (all under advocates). I'm 5 years too late to ask this.. but could someone guide me as to how to plan my next few months and secure a job at a Law firm within a year? Is it even a possibility to intern after graduating? If yes then who should I reach out to get internships at good firms since i don't have any referrals? I am particularly interested in white collar crimes if that matters. But am open to developing an interest in whatever area that helps me get employed first. I'll be really grateful for your guidance. Thank you.

Simply because someone is willing to apply doesn't mean they're competent enough to do the job well.

Every law firm paying 15 LPA or more has a rigours selection process and wants to attract top talent either through campus placements or internship performance. The high package helps them get the best of the lot that is willing to work 70-90 hour weeks. A firm could lower the salary by 5L and still have thousands of applications, but those applicants would be far from the best of the lot.

The scenario with oversupply of candidates is present in most of the sectors, yet they're are being paid more than what lawyers are.

Oversupply would mean that there would be a portion of the whole market who would be earning way better then the rest who could not make it into the profession, but here even the T1 law firms haven't crossed paying 20lpa to freshers.

Bhai tere jaise 5 saal drop karne ka plan nahi hota aise comment likhne waalon ka. Dimaag hai unke paas, tujh se zyada paisa kama lenge. Tu ja maa baap ke paison pe 5 saal drop kar. Waise bhi 10 lakh log tayaari kar rahe hain is exam ki jiska success rate 0.1% hai. Tera waise bhi nahi hoga.