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Admission Open 2024-25 | Bachelor of Commerce (B.Com) - Taxation
About the B.Com (Hons.) Taxation
UMU offers B.Com (H) Taxation program under Faculty of Commerce spread over eight semesters with each semester of six months. B.Com (H) Taxation programme is a four-year full-time undergraduate program that investigates standards of bookkeeping, monetary arranging and monetary hypothesis with a specific focus on tax assessment. This course is designed to prepare students for technical training in Taxation, accounting, and finance. B.Com(H) Taxation course is well suited for students who are passionate about commerce and want to build a career in the accounting, financial sector. Upon completing the course, students can work as tax consultants, tax specialists, senior tax managers, tax compliance managers, cost estimators, lecturers, financial analysts, etc.
Employment role as Accountant, Operations Manager, Lecturer, Financial Analyst, Finance Manager, Account Executive, Executive Assistant, Chartered Accountant, Accounts Assistant, SAP Consultant etc.
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Programme Overview
The Bachelor of Commerce B.Com(Hons)Taxation is designed to offer a thorough understanding of a variety of subjects to the prospective learners. We strive to make our students equipped with analytical skills and expertise in subjects like Accountancy, Finance, Economics, Statistics, E-Commerce, Business Environment etc. We believe in learner centric and innovative teaching learning education process and therefore we make sincere efforts to impart practical knowledge to our students. This course also nurtures the communication skills and enriches problem solving abilities of students.
After successful completion of B.com (H) Taxation , the students will be able to:
- Implement accounting principles, practices, conventions and explain Indian Accounting Standards as well as International Accounting Standards.
- Apply the knowledge and skills of auditing and taxation.
- Explain & apply the provisions of different Acts that govern Commerce and Trade in our Country such as Indian Contract Act, Companies Act, Negotiable Instrument Act, etc.
- Explain and examine the importance of Commerce, Trade, Industry, Banking, Finance, Insurance and communication at personal and professional level.
- Acquire and demonstrate coded commerce knowledge and skills to explore in the field of higher education and also able to engage in research & development in Commerce & Management.
- Exhibit capability and competencies to work as an individual or in a group to achieve individual as well as an organizational objectives or goals.
- Develop entrepreneurial and professional management skills to run their own business and start-ups.
- After completing B.Com (H)Taxation the students can pursue diverse post graduate courses like M.Com, MBA, Economics etc. These will not only make them a valuable asset for the national job market but also give wings to their dreams for exploring the global job market to further their career.
- If one aspires to become a Chartered Accountant then B.Com is the best choice. Almost all Universities in India offer B.Com degree due to its immense scope in the national & global job market.
- Com (Hons)Taxation graduates may choose to work in job profiles like Accountant, Auditor, Consultant, Company Secretary, Business Analyst, Finance Officer, Sales Analyst, Junior Analyst , Tax Accountant, Stock Broker, Investment Banker, Economist, Business Development Trainee and so on depending upon their potential and interest.
B.Com Taxation admission is offered to only those students who meet the eligibility criteria. B.Com Taxation eligibility is, students must pass 10+2 or any other equivalent examination from a recognized board with an aggregate of at least 50%. In addition, students must have studied any stream from Commerce/Science in 10+2.
- Banking Sectors
- Corporate Sectors
- Customs Departments
- Excise Departments
- Indian Economic Services
- Import/Export Companies
- Research Firms
- State Sales Tax Laws
- Accountant
- Budget Analyst
- Corporate Analyst
- Financial Analyst
- Risk Analyst
- Revenue Agent
- Securities Analyst
- Tax Advisor
- Applicants should have skills such as the ability to think differently, a creative mind, good communication skills, updated general awareness, abundant knowledge about the taxation sector and the market, and the ability to work as part of a team.
- They must have strong problem-solving skills, proficiency with the Microsoft Office software suite, and excellent Excel spreadsheet skills.
- They have also the option of going for further degrees like Masters and then for research work.
- It has been concluded in many recent surveys that more and more students are now opting for a degree that enables them to establish a good career in taxation areas.
- B.Com. (Taxation) degree holders can acquire the status of a government employee who is regarded as a notch above the ordinary people in terms of both post and power.
- The area of taxation is so vast that a candidate can select from the fields of different types of taxes, where one wants to specialize and establish.
- B.Com. (Taxation) the degree makes one eligible to work in the Accounts and Finance departments of various firms & companies, banks, government departments and agencies, educational institutions, and many other types of organizations.
- The B.Com. (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.
Semester Wise B.Com Taxation Syllabus
B.Com(H) Taxation syllabus focuses on studying principles of accounting, financial planning, and economic theory along with an emphasis on Taxation. It introduces aspirants to an extensive variety of commerce and taxation concepts, including all types of taxes and accounting. B.Com Taxation 1st year subjects mainly focus on the introduction, while b.com 2nd year subjects emphasize in-depth core concepts. A semester-wise distribution for the four year of the syllabus is given in the table below:
The syllabus of B.Com Taxation is designed to offer trade and taxation expertise to students. The subjects in B.Com Taxation cover all aspects of taxation laws and regulations along with accounting. Students study both core and elective subjects to make the six semester-long programs more flexible. B.Com Taxation subjects list is as follows:
- Indian Tax System
- Financial Accounting
- Business Organization
- Income Tax Procedure & Practices
- Accounting for Managers
B.Com Taxation course is designed in a core and elective subject pattern. The course is composed of six semesters. B.Com Taxation subjects in the first year are mainly introductory like Indian Tax System, Financial Accounting, etc. The graduates can opt for electives based on their specialization and areas of interest. The course structure is:
VI Semesters
- Core and Elective Subjects
- Project Submission
- Practical work
- Skill based Electives
B.Com Taxation accounts in different teaching methods. Along with lectures and practical training, the students are skilled in elective subjects like E-commerce, Advertising, Personal Selling, etc. The teaching methodology is designed to offer expert training to all students in all commerce disciplines. Listed below are the teaching methodology and strategies in general:
- Group Projects
- Conceptualized Learning
- Lectures
- Practical Lab work
- Talks from guest speakers
- Com Taxation Projects
B.Com Taxation projects offer students an understanding of real-time work environments. Projects help students in getting real-time experience in the practical world. Taxation projects can be used for solving real-life tax-related problems in businesses. Projects enhance the skills and learning ability of the students. Some in-demand taxation projects for B.Com students are:
- Difficulties and Prospects of Tax Administration in India
- Roles of Multinational Companies in Tax evasion and Tax avoidance in India
- An Evaluation of the role of value-added tax as a source of income in India
- Impact of Company Income Tax Revenue on Developing Economies
- The procedure, Problem, and Prospects of Personal Income Tax Administration
B.Com Taxation accounts in different teaching methods. Along with lectures and practical training, the students are skilled in elective subjects like E-commerce, Advertising, Personal Selling, etc. The teaching methodology is designed to offer expert training to all students in all commerce disciplines. Listed below are the teaching methodology and strategies in general:
- Group Projects
- Conceptualized Learning
- Lectures
- Practical Lab work
- Talks from guest speakers
- Com Taxation Projects
B.Com Taxation projects offer students an understanding of real-time work environments. Projects help students in getting real-time experience in the practical world. Taxation projects can be used for solving real-life tax-related problems in businesses. Projects enhance the skills and learning ability of the students. Some in-demand taxation projects for B.Com students are:
- Difficulties and Prospects of Tax Administration in India
- Roles of Multinational Companies in Tax evasion and Tax avoidance in India
- An Evaluation of the role of value-added tax as a source of income in India
- Impact of Company Income Tax Revenue on Developing Economies
- The procedure, Problem, and Prospects of Personal Income Tax Administration
Programme Curriculum
SEM – I
- Indian Tax System
- Income Tax Law Procedure
- Fundamental Principles of Accounting
- Business Organization
SEM – II
- Indian Tax System (Cont.)
- Indian Contract Act and Sale of Goods Act
- TALLY LAB
- Partnership Accounting
- Business Communications
Semester III
B.Com Taxation Second Year Syllabus
- Financial Accounting
- Business Mathematics
- Business Regulatory Framework
- Income Tax Procedure & Practices
- Theory and Practice of Cost
Semester IV
- Income Tax Procedure & Practices(Cont.)
- Wealth Tax & Vat Procedure and Practices
- Basics of Company Accounts
- Advanced Corporate Accounts
- Principles of Statistics
Semester IV
- Income Tax Procedure & Practices(Cont.)
- Wealth Tax & Vat Procedure and Practices
- Basics of Company Accounts
- Advanced Corporate Accounts
- Principles of Statistics
B.Com Taxation Third Year Syllabus
Semester V
- Advanced Statistics
- Wealth Tax & Vat Procedure and Practices
- Indian Company Act
- Advanced Corporate Accounts
- Principles of Management
Semester VI
- Income Tax for Individuals
- Accounting for Managers
- Financial Management
- Advance Cost Accounts
- Auditing
- Training FROM CA
B.Com Taxation 4th Year Syllabus
Semester VII
- Central Excise Procedure & Practice
- Custom Procedure & Practice
- Human Resource Management
- Income Tax for Business
- Marketing Management
Semester VIII
- Central Excise Procedure & Practice(Cont.)
- Custom Procedure & Practice ( Cont.)
- Indirect Tax
- GST Particles implication
- PROJECT WORK
How To Apply
Usha Martin University offers admissions to wide range of degree programmes ranging from Bachelors to Post Graduate, Ph.D, M.Phil, in addition to diploma programmes. Usha Martin University aims to facilitate its students to select avenues as per their career goals and interest from among our MBA, BBA, B.Com, B.A (English), B.Sc. (Agriculture), BA (Journalism and Mass Communication), B.Sc. (Physiotherapy).
The admission process of Usha Martin University is fairly easy.
Candidates seeking admissions at Usha Martin University, have two options:
Online Applications:
Candidates who wish to apply online can fill up Application form by clicking “APPLY ONLINE” link on website and payment can also be made online through Debit card, Credit Card and Internet Banking.
Note: Those who are not able to make the online payment can send the payment to the University through a DD of Rs. 500/- in favour of Usha Martin University payable at Jharkhand.
Offline Applications:
Candidates can download the Form from website. If the Application Form is downloaded from the website, the applicants are required to enclose a Demand Draft of `500/- in favour of Usha Martin University, Jharkhand, payable at Jharkhand along with the Application Form, failing which the application shall be rejected.
A duly filled Application Form must be delivered in person or sent through registered post/ speed post/ reputed courier service to ensure that the application form is received by the University within the specified time and date. The form can also be sent to the city office mentioned on the website
Candidates can also collect Application Form from University campus and its selected Branches Offices as mentioned
Note:
After receiving the application form, the candidates will be informed by the University officials within 7 working days, and the information about admission (Through Entrance Exam or Merit Basis) will be intimated to candidates accordingly.
- If a student admitted to the institute is found to have given any false information or suppressed any material information, his/her admission will be cancelled, and fees will not be refunded.
- Cost of application fee once paid is non-refundable.
- The institute does not take responsibility for the delay in transit involved in receipt and delivery of any communication between the institute and the applicant.
- All disputes are subject to the legal jurisdiction of District Ranchi, Jharkhand, (India).
- Those who are given provisional admission due to non-declaration of their graduation result are required to submit the marks sheet up to 31st October 2020.
- Students must follow all the rules and regulations, framed from time to time by the institute. Breach of any of these may render him/her liable for penalty under the rules and/or expulsion from the institute
The University reserves the right to alter the course content of the programmes, rules and regulations, teaching schedule, tuition fee payable, boarding and lodging fees and/or any other matter pertaining to its working. The Management’s decision will be deemed as final in all such matters.
The minimum eligibility criteria for the admissions to BCOM is as follows:
-
- The candidate should have passed 12th (10+2) examination from any recognized board, University or council.
- A candidate seeking admission in B.COM. programme must have secured a minimum of 50% marks in aggregate in 12th (10+2) Examination or equivalent.
- Candidates belonging to SC/ST/OBC, physically challenged, war widow and other such categories, a relaxation of 5% would apply as per the Government of India reservation policy.
Frequently Asked Questions (FAQ)
Ans. The total duration of the B.Com. Taxation course is 4 years.
Ans. Yes, it is a great career option for those who want to make their career in the taxation sector. Jobs as an Employment Tax Specialist, Tax Consultant, Tax Attorney Specialist, Tax Policy Analyst, Tax Advisor, Accounts Assistant, Cost Accountant, Auditing Clerk, etc. are available following completion of a B.Com. taxation course.
Ans. You can do many other higher education courses if you wish to pursue them, or else you can work in different areas, which are very important for you to shape your career and create your future as per your goal. A Master of Business Administration (MBA) with a specialization in finance or taxation, a Master of Commerce (M.Com.) with a focus on finance or taxation, or obtaining professional certifications like Certified Public Accountant (CPA), Cost and Management Accountant (CMA), or Chartered Accountant (CA) are some popular options.
Ans: B.Com stands for Bachelor of Commerce.
Ans: In Taxation & banking:
Taxation –In this domain, B.com holders can become chartered accountants, financial risk managers, tax consultants, tax specialists, senior tax managers, tax compliance managers, cost estimators, lecturers, stockbrokers, financial analysts, and actuaries.
Ans: B.Com in taxation is not that much tough. A subjects seem become easy if you’ll read the books. Taxation in law also is only about reading, understanding and interpretating the law, and B.Com. in taxation is nothing more relating taxation in business.
Ans: Usha Martin University one of the top college/university in Ranchi, Jharkhand for Bachelor of Commerce in Business accounting and Taxation Course.
Ans: Taxation and Finance graduates can find various job opportunities as an auditor, tax consultants, budget analysts, and finance managers. Salary and job scope for tax accountants depend on their education and experience. They can even go for higher studies if they are interested in research and management.
Ans: There is a difference between B.Com in taxation and regular B.Com. B.Com taxation is a four Years undergraduate (UG Degree) course in the area of commerce. Subjects included in the course are financial accounting, Business Economics, Income Tax, Corporate Tax, Corporate Accounting, and Cost Accounting etc. But in regular B.Com.