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B-COM-HONS in Taxation at Manjula K Ponda College of Management
Bhopal, Madhya Pradesh
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About the Specialization
What is Taxation at Manjula K Ponda College of Management Bhopal?
This Taxation program at Manjula K Ponda College of Management focuses on developing expertise in direct and indirect tax laws, compliance, and planning. Given India''''s dynamic tax regime, it prepares students for the complexities of GST, Income Tax, and Customs, which are crucial for businesses and individuals nationwide. The program emphasizes practical application and updated regulatory knowledge.
Who Should Apply?
This program is ideal for 10+2 graduates from commerce or related streams aspiring for a career in finance, accounting, or taxation. It also suits individuals seeking to become tax consultants, auditors, or compliance officers in Indian enterprises. Aspiring entrepreneurs needing strong tax acumen for their ventures will also find immense value.
Why Choose This Course?
Graduates of this program can expect to pursue roles as Tax Consultants, Compliance Officers, GST Practitioners, or Audit Assistants. Entry-level salaries typically range from INR 2.5 to 4.5 lakhs annually, growing significantly with experience. Opportunities abound in Big 4 firms, accounting practices, and the finance departments of Indian corporates.
Student Success Practices
Foundation Stage
Master Core Accounting Principles- (Semester 1-2)
Focus intensely on Financial and Corporate Accounting during the initial semesters. Utilize online resources like ICAI modules for basic concepts and solve numerical problems daily. This builds a strong analytical and foundational base for advanced tax subjects.
Tools & Resources
ICAI Study Material, Online accounting tutorials, Practice problem sets
Career Connection
A robust understanding of accounting is fundamental for accurate tax computations and reporting, crucial for roles in tax compliance and auditing.
Develop Strong Business Communication- (Semester 1-2)
Actively participate in presentations, group discussions, and mock interviews. Join debate clubs or Toastmasters-style groups to enhance verbal and written communication. This skill is vital for client interaction, report writing, and presenting tax advice effectively.
Tools & Resources
Toastmasters International (local chapters), Business communication textbooks, Presentation software
Career Connection
Effective communication is key for client relationship management, internal reporting, and career advancement in tax advisory and consulting roles.
Basic Computer Proficiency & Spreadsheets- (Semester 1-2)
Gain expertise in MS Excel for data handling, calculations, and basic accounting software (e.g., Tally Prime). Practice financial modeling and data analysis using these tools. This foundational digital skill is indispensable for modern tax practice and efficiency.
Tools & Resources
MS Excel, Tally Prime (educational version), Online Excel tutorials
Career Connection
Proficiency in spreadsheets and accounting software is a prerequisite for most entry-level finance and tax roles, enhancing productivity and accuracy.
Intermediate Stage
Deep Dive into Income Tax & GST Law- (Semester 3-5)
Beyond classroom learning, refer to official Income Tax Act and GST Act documents, notifications, and circulars. Follow current tax news and amendments from reputable sources like Taxmann or LiveLaw. This ensures up-to-date knowledge critical for Indian taxation.
Tools & Resources
Income Tax Act, 1961 (official text), CGST Act, 2017 (official text), Taxmann.com, LiveLaw.in
Career Connection
Staying current with legislative changes is essential for providing accurate tax advice and maintaining compliance, highly valued by employers.
Hands-on Practice with Tax Forms- (Semester 3-5)
Work on practical case studies involving filing ITRs (Income Tax Returns) and GST returns. Utilize demo versions of tax filing software or government portals to simulate real-world scenarios. This practical exposure builds confidence and competence in tax compliance.
Tools & Resources
Income Tax India e-filing portal (demo), GSTN portal (demo), ClearTax software (trial version)
Career Connection
Practical experience with tax forms and software is a significant advantage in job interviews and enables immediate contribution in professional settings.
Engage in Internships/Live Projects- (Semester 3-5)
Seek out internships with local Chartered Accountants, tax consultants, or accounting firms during academic breaks. Participate in industry-sponsored projects. This provides invaluable real-world experience, professional networking, and understanding of industry practices.
Tools & Resources
College placement cell, LinkedIn, Networking events, Local CA firms
Career Connection
Internships convert theoretical knowledge into practical skills, lead to professional contacts, and significantly boost employability and placement prospects.
Advanced Stage
Specialized Tax Planning & Advisory- (Semester 5-6)
Focus on advanced topics like international taxation, transfer pricing, and strategic tax planning for individuals and corporations. Participate in advanced workshops or certification courses offered by NISM or other professional bodies. This prepares students for advisory and high-level tax roles.
Tools & Resources
NISM certifications (relevant modules), Advanced tax planning literature, Workshops by tax experts
Career Connection
Specialized knowledge in tax planning and advisory opens doors to higher-paying roles in consulting firms, corporate finance, and wealth management.
Placement and Interview Preparation- (Semester 5-6)
Actively engage in campus placement drives. Practice aptitude tests, group discussions, and mock interviews tailored for roles in accounting, finance, and taxation. Refine your resume and LinkedIn profile to highlight your specialization and skills.
Tools & Resources
Placement cell resources, Online aptitude platforms, Mock interview sessions, Professional resume builders
Career Connection
Thorough preparation is critical for securing desired job roles and internships, ensuring you can articulate your knowledge and skills effectively to potential employers.
Professional Certification & Continuous Learning- (Semester 5-6)
Consider pursuing relevant professional certifications like a Diploma in Taxation, NISM modules, or even preliminary preparation for CA/CS/CMA. Stay updated with budget changes and policy reforms through professional journals and webinars, demonstrating commitment to lifelong learning.
Tools & Resources
Professional body websites (ICAI, ICSI, ICMAI), Tax journals, Webinars on tax amendments
Career Connection
Professional certifications and continuous learning enhance credibility, open up diverse career paths, and signal dedication to professional growth in the dynamic tax field.
Program Structure and Curriculum
Eligibility:
- 10+2 with Commerce/Mathematics or equivalent from a recognized board.
Duration: 3 years / 6 semesters
Credits: 155 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BHCO-101 | Financial Accounting | Core | 5 | Accounting Principles and Concepts, Journal and Ledger, Trial Balance and Rectification of Errors, Preparation of Final Accounts, Depreciation Accounting |
| BHCO-102 | Business Organization and Management | Core | 5 | Nature and Scope of Business, Forms of Business Organization, Principles of Management, Planning and Organizing, Directing and Controlling |
| BHCO-103 | Business Mathematics | Core | 5 | Matrices and Determinants, Calculus (Differentiation and Integration), Simple and Compound Interest, Annuities, Linear Programming |
| BHCO-104(SEC) | Business Communication | Skill Enhancement Course | 3 | Fundamentals of Communication, Verbal and Non-Verbal Communication, Business Letters and Reports, Presentation Skills, Group Discussions and Interviews |
| BHCO-105(VAC) | Indian Constitution | Value Added Course | 2 | Preamble and Basic Features, Fundamental Rights and Duties, Directive Principles of State Policy, Structure and Functions of Union Government, Judiciary and Electoral System |
| BHCO-106(MDC) | Basic Computer Applications | Multidisciplinary Course | 5 | Introduction to Computers, Operating Systems, MS Office (Word, Excel, PowerPoint), Internet and Email, Data Management Basics |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BHCO-201 | Corporate Accounting | Core | 5 | Share Capital and Debentures, Underwriting of Shares, Redemption of Preference Shares and Debentures, Amalgamation and Reconstruction, Consolidated Financial Statements |
| BHCO-202 | Business Laws | Core | 5 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Consumer Protection Act, 2019, Limited Liability Partnership Act, 2008 |
| BHCO-203 | Business Economics | Core | 5 | Nature and Scope of Business Economics, Demand and Supply Analysis, Production and Cost Analysis, Market Structures, Pricing Strategies |
| BHCO-204(VAC) | Environmental Studies | Value Added Course | 2 | Natural Resources and Ecosystems, Biodiversity and Conservation, Environmental Pollution and Control, Global Environmental Issues, Environmental Ethics |
| BHCO-205(SEC) | Digital Marketing Fundamentals | Skill Enhancement Course | 3 | Introduction to Digital Marketing, Search Engine Optimization (SEO), Social Media Marketing, Email Marketing, Content Marketing |
| BHCO-206(MDC) | Entrepreneurship & Startup | Multidisciplinary Course | 5 | Concept of Entrepreneurship, Idea Generation and Business Plan, Sources of Finance for Startups, Legal Aspects of Starting a Business, Marketing and Growth Strategies |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BHCO-301 | Cost Accounting | Core | 5 | Introduction to Cost Accounting, Cost Concepts and Classification, Material Costing, Labor Costing, Overhead Costing |
| BHCO-302(TAX) | Income Tax Law & Practice - I | Specialization Core | 5 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital Gains |
| BHCO-303 | Company Law | Core | 5 | Companies Act, 2013: Introduction and Features, Incorporation of a Company, Memorandum and Articles of Association, Share Capital and Debentures, Management and Administration of Companies |
| BHCO-304 | Business Statistics | Core | 5 | Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Probability Theory, Index Numbers |
| BHCO-305(ME) | Financial Markets & Institutions | Minor Elective | 3 | Introduction to Financial System, Money Market, Capital Market (Primary and Secondary), Financial Institutions (RBI, SEBI), Financial Instruments |
| BHCO-306(SEC) | Cyber Security Basics | Skill Enhancement Course | 2 | Introduction to Cyber Security, Types of Cyber Threats, Data Security and Privacy, Network Security, Cyber Laws in India |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BHCO-401 | Management Accounting | Core | 5 | Nature and Scope of Management Accounting, Financial Statement Analysis, Fund Flow and Cash Flow Statements, Budgetary Control, Standard Costing and Variance Analysis |
| BHCO-402(TAX) | Income Tax Law & Practice - II | Specialization Core | 5 | Income from Other Sources, Clubbing of Income, Set-off and Carry Forward of Losses, Deductions from Gross Total Income, Assessment of Individuals and Firms, Tax Deduction at Source (TDS) |
| BHCO-403 | Auditing & Corporate Governance | Core | 5 | Introduction to Auditing, Types of Audit, Audit Planning and Procedures, Internal Control System, Concepts of Corporate Governance |
| BHCO-404 | Marketing Management | Core | 5 | Fundamentals of Marketing, Marketing Environment, Market Segmentation, Targeting, Positioning, Product and Pricing Decisions, Promotion and Distribution Channels |
| BHCO-405(ME) | Human Resource Management | Minor Elective | 3 | Concept and Scope of HRM, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Appraisal |
| BHCO-406(VAC) | Ethics & Values | Value Added Course | 2 | Ethical Theories and Principles, Business Ethics, Corporate Social Responsibility (CSR), Personal and Professional Values, Moral Decision Making |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BHCO-501(TAX) | Goods and Services Tax (GST) & Customs Law - I | Specialization Core | 5 | Introduction to GST, Concept of Supply and Levy, Time and Value of Supply, Input Tax Credit, Registration under GST, Customs Act - Basic Concepts |
| BHCO-502 | Financial Management | Core | 5 | Nature and Scope of Financial Management, Time Value of Money, Capital Budgeting Decisions, Cost of Capital, Working Capital Management |
| BHCO-503(ME) | International Business | Major Elective | 5 | Globalization and International Business, Theories of International Trade, Foreign Exchange Market, International Financial Institutions, Export-Import Procedures |
| BHCO-504(ME) | E-Commerce | Minor Elective | 3 | Introduction to E-Commerce, E-Commerce Business Models, E-Payment Systems, Online Marketing and Advertising, Legal and Security Issues in E-Commerce |
| BHCO-505 | Research Methodology | Core | 5 | Meaning and Types of Research, Research Design, Data Collection Methods, Sampling Techniques, Data Analysis and Interpretation |
| BHCO-506(PROJ) | Internship / Project Work | Project | 4 | Industry Exposure, Application of Theoretical Knowledge, Problem Identification and Solving, Report Writing, Presentation Skills |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BHCO-601(TAX) | Goods and Services Tax (GST) & Customs Law - II | Specialization Core | 5 | Returns under GST, Payment of Tax, Refunds and Demands, Offences and Penalties, Assessment Procedures under GST, Customs Law: Valuation, Duties and Exemptions |
| BHCO-602(ME) | Investment Management | Major Elective | 5 | Investment Avenues, Risk and Return Analysis, Equity and Bond Valuation, Portfolio Management, Mutual Funds and Derivatives |
| BHCO-603 | Financial Reporting & Analysis | Core | 5 | Framework of Financial Reporting, Accounting Standards (Ind AS/IFRS), Consolidated Financial Statements, Tools and Techniques of Financial Analysis, Interpretation of Financial Reports |
| BHCO-604(TAX-E) | Tax Planning & Management | Specialization Elective | 5 | Concept of Tax Planning, Tax Avoidance vs. Tax Evasion, Tax Planning for Salaries and Investments, Tax Planning for Business Restructuring, International Tax Planning Overview |
| BHCO-605(SEC) | Computerized Accounting System | Skill Enhancement Course | 4 | Tally ERP 9/Prime for Accounting, GST Accounting in Tally, Payroll Processing Software, Data Entry and Report Generation, Basic ERP Concepts for Finance |
| BHCO-606(PROJ) | Comprehensive Project / Viva Voce | Project | 4 | Application of Integrated Knowledge, Independent Research and Analysis, Problem-solving and Critical Thinking, Report Formulation, Oral Presentation and Defense |
