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All you need to know about BCom Taxation

Updated on 01 August 2020
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Updated on 01 August 2020

All you need to know about BCom Taxation


BCom Taxation is the 3-year undergraduate course in commerce. Taxation is the management of the collected finance from public or private level so there is flow in the economy This course is for the students who are interested in learning the monetary bookkeeping, taxation assessment, and taxable income concepts. This course helps the student to learn different aspects of finance, accounting, and taxation. 


Students get practical exposure and cover every aspect of taxation in this course.BCom Taxation subjects are mostly related to the income tax procedure, Indian tax systems, Fundamental principles of accounting, etc. Students who want to get into government jobs, this course creates a good base for them.


Eligibility:

  1. A student who has cleared 10+2 from recognized school and university with a minimum 50% score is eligible for this course.
  2. You need to have scored more than the minimum cut-off percentage of the college you are applying to.
  3. This minimal cut-off percentage score is completely dependent on the college or university.
  4. The eligibility criteria completely depend upon the cut off of the particular college you are opting for.

BCom Taxation Syllabus

There are six semesters in a span of three years. The BCom Taxation subjects give an overall holistic approach to the aspects related to taxation and finance.

Let's look at the subjects of taxation for each semester:

Semester 1:

  1. Indian Tax System
  2. Income Tax Law Procedure
  3. Fundamental Principles of Accounting
  4. Indian Contract Act and Sale of Goods Act
  5. Business Organization

Semester 2:

  1. Indian Tax System
  2. Income Tax Law Procedure
  3. Financial Accounting
  4. Partnership Accounting
  5. Business Regulatory Framework
  6. Business Communications

Semester 3:

  1. Income Tax Procedure & Practices
  2. Wealth Tax & Vat Procedure and Practice
  3. Basics of Company Account
  4. Theory and Practice of Cost
  5. Indian Company Act
  6. Principles of Statistics

Semester 4:

  1. Central Excise Procedure & Practice
  2. Wealth Tax & Vat Procedure and Practices
  3. Advanced Corporate Accounts
  4. Advance Cost Accounts9
  5. Principles of Management
  6. Advanced Statistics

Semester 5:

  1. Central Excise Procedure & Practice
  2. Custom Procedure & Practice
  3. Income Tax for Individuals
  4. Indirect Tax
  5. Auditing
  6. Human Resource Management



Scope after Bcom taxation

  1. The Bcom taxation scope has been increasing yearly due to the rising importance of the collection of tax in India.
  2. Students have started taking a keen interest in learning different tax assessment strategies and procedures.
  3. Most of the students take up this course as it creates a base for them for studying for different government exams after graduation
  4. There is a lot of Bcom taxation scope and job opportunities in the bureaucracy of the Indian government and they have high profile jobs in this field.
  5. Some students give SSC CGL exam after their graduation in Bcom taxation for the position of Income-tax officer.
  6. Whereas some students prepare for MBA or other professional courses like CA, CS, LLB.


BCom Taxation Job Opportunities

  1. There is a massive amount of job opportunity in this field, there has been a rise in the recruitment for the finance students because of the rise in the level of the economy.
  2. The job profiles like Back Executive, Accounts Assistant, Audit Assistant.
  3. The taxation graduates are also hired as a Tax Assistants, Auditor, BookKeepers, 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.
  4. A tax consultant is a person who gives advice to the customer about how to bring down the duty obligations and help them file their tax return. The salary of a tax consultant is 2 lakh to 7 lakh per annum at the start.
  5. Bookkeepers is a person who keeps all the books of accounts and builds up an online of records.He/She is designated to post exchanges made by the proprietor or company. The salary of bookkeepers is 1 lakh -3 lakh nad keeps on increasing depending on the skill and experience.
  6. A Finance Officer is a person who is ready to take up all the responsibilities about any money related and financial adjustments. The salary of a finance officer is 3 lakh -10 lakh per annum.


Top Colleges for BCom Taxation:

  1. St. Albert's College, Ernakulam, Kerala
  2. MIT World Peace University, Pune
  3. Sacred heart college   Ernakulam, Kerala.
  4. Lala Lajpat rai college of commerce and economics   Mumbai, Maharashtra
  5. SK Somaiya College, Mumbai

I hope the information above helps you in taking the correct decision of your choice. Good Luck.



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