B.Com in Taxation: What is it About?

B.Com. in Taxation degree holders are in a position to acquire the status of a government employee who is regarded as a notch above the ordinary people in terms of both post and power. B.Com. in Taxation degree course prepares students for a professional qualification in taxation, finance, and accounting and provides a solid base in the field of Taxation, Accounting, and Finance, thus making it easier to acquire a leadership / managerial role in the financial sector.

It has been concluded in a number of recent surveys that more and more students are now opting for the degree that enables them to establish a good career in taxation areas.

The tax assessment is a degree program in which, aside from a general course think about in Commerce. Assorted angles on various sorts of expense, for example, Income assess, Value Added Tax or VAT, Service Tax, Property Tax, and so forth are secured under the course. The understudies are presented with subtle elements of backhanded assessments like traditions and focal extract charge, riches impose, and so on

Eligibility for B.Com in Taxation

The essential qualification basis for seeking after B.Com Taxation degree is qualifying 10+2 or proportional examination in any stream

Some of the colleges and organizations request at least 45% checks in the above subjects at 10+2 level.

B.Com in Taxation: Admission Process

The details on the admission in B.Com Taxation will be distributed toward the start of every scholastic year.

The applicant can apply for the course either through the online interface or through postal strategy.

In both strategies, the competitor ought to pay a particular amount of fees. Once the application form is filled, the same must be submitted before the end date.

B.Com in Taxation: Syllabus and Course Structure

Syllabus of Taxation as prescribed by various Universities and Colleges.

Main subjects covered in the discipline are:

Semester-I Semester-II
Indian Tax System Indian Tax System
Income Tax Law Procedure Income Tax Law Procedure
Fundamental Principles of Accounting Financial Accounting
Business Mathematics Partnership Accounting
Indian Contract Act and Sale of Goods Act Business Regulatory Framework
Business Organization Business Communications
Semester-III Semester-IV
Income Tax Procedure & Practices Income Tax Procedure & Practices
Wealth Tax & Vat Procedure and Practices Wealth Tax & Vat Procedure and Practices
Basics of Company Accounts Advanced Corporate Accounts
Theory and Practice of Cost Advance Cost Accounts
Indian Company Act Principles of Management
Principles of Statistics Advance Statistics
Semester-V Semester-VI
Central Excise Procedure & Practice Central Excise Procedure & Practice
Custom Procedure & Practice Custom Procedure & Practice
Income Tax for Individuals Income Tax for Business
Accounting for Managers Indirect Tax
Financial Management Auditing
Marketing Management Human Resource Management

B.Com in Taxation: Career Prospects

There are enormous openings for work are accessible in these fields. In the wake of holding a degree in this field, you can take up for a vocation in both private and government parts. Professionally you can likewise select showing employment in schools and colleges.

Back Executive, Accounts Assistant, Audit Assistant, and so on are a portion of the occupation profiles appropriate for applicants who have finished their B.Com degree in tax collection.

In India, the normal compensation of taxation officer is between Rs. 3 to 4 lacs for every year while in abroad, you can gain a normal pay of more than $52 k every year.

Some of the popular employment areas for B.Com Taxation:

  • Banks
  • Budget Planning
  • Business Consultancies
  • Educational Institutes
  • Foreign Trade
  • Industrial Houses
  • Inventory Control
  • Investment Banking
  • Marketing
  • Merchant Banking
  • Public Accounting Firms
  • Working Capital Management
  • Policy Planning
  • Public Accounting Firms
  • Treasury and Forex Department

B.Com in Taxation graduate is hired in capacities such as:

  • Tax Assistants
  • Auditors
  • Actuaries
  • Book Keepers
  • Budget Analysts
  • Business Consultants
  • Certified Public Accountant
  • Chartered Management Accountant
  • Chief Financial Officer
  • Cost Estimators
  • Entrepreneurship/Own Business
  • Finance Managers
  • Financial Analyst
  • Human Resource Managers
  • Investment Analysts
  • Marketing Managers
  • Personal Financial Advisor
  • Stock Brokers
  • Teacher/lecturer