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BCOM-HONS in Taxation at Delhi College of Arts and Commerce
Delhi, Delhi
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About the Specialization
What is Taxation at Delhi College of Arts and Commerce Delhi?
This B.Com Hons program at Delhi College of Arts and Commerce, with a focus on Taxation through elective choices, delves into the intricate world of Indian tax laws and their practical application. It equips students with a robust understanding of direct and indirect taxation, crucial for navigating India''''s dynamic economic landscape and ensuring legal compliance for businesses and individuals. The program emphasizes both theoretical knowledge and practical skills required in the tax domain.
Who Should Apply?
This program is ideal for fresh graduates aspiring to build a career in taxation, accounting, or finance, as well as those planning to pursue professional qualifications like CA, CS, or CMA. It also caters to individuals seeking to develop specialized expertise in tax regulations for better career prospects in the Indian financial sector. Students with a strong aptitude for numbers, law, and logical reasoning will find this program rewarding.
Why Choose This Course?
Graduates of this program can expect promising career paths as tax consultants, financial analysts, auditors, compliance officers, or in roles within corporate finance departments. Entry-level salaries in India typically range from INR 3-6 LPA, growing significantly with experience and additional certifications. Career growth trajectories often lead to senior management positions or independent consultancy, contributing to India''''s vast and growing tax advisory sector.
Student Success Practices
Foundation Stage
Build Strong Accounting and Legal Foundations- (Semester 1-2)
Focus on thoroughly understanding core subjects like Financial Accounting and Business Laws. Join study groups, solve practical problems regularly, and refer to standard Indian textbooks and legal codes. This foundational knowledge is crucial for grasping complex tax concepts later on.
Tools & Resources
ICAI study materials (for basics), Bare Acts for Indian Contract Act, University library resources, Peer study groups
Career Connection
A solid base in accounting and law is indispensable for any taxation professional, aiding in accurate financial reporting and legal compliance, which are core requirements for entry-level finance and tax roles.
Develop Analytical and Problem-Solving Skills- (Semester 1-2)
Engage actively with subjects like Business Statistics and Principles of Microeconomics. Practice case studies, interpret data, and think critically about economic principles. Participate in college debates or analytical competitions to sharpen these skills.
Tools & Resources
Excel for data analysis, Business magazines (e.g., Business Standard, Economic Times), Online courses on basic statistics
Career Connection
Taxation involves analyzing financial data and legal provisions to solve complex problems, making strong analytical skills highly valued by potential employers in tax advisory and corporate finance.
Cultivate Effective Communication- (Semester 1-2)
Utilize Ability Enhancement Courses (AEC) in English Communication to improve written and verbal skills. Practice report writing, presentations, and participate in group discussions. Clear communication is vital for explaining tax regulations to clients and colleagues.
Tools & Resources
Grammarly, Presentation software (PowerPoint, Google Slides), Toastmasters International (local chapters), College debating societies
Career Connection
Effective communication ensures clear understanding of tax advice, enhances client relationships, and is critical for success in any professional role, particularly in client-facing tax consultancy.
Intermediate Stage
Master Income Tax Law and Practice- (Semester 3-5)
Devote significant effort to ''''Income Tax Law and Practice'''' (DSC). Solve numerous practical problems from various heads of income, deductions, and tax computation. Attend workshops on income tax returns and practical scenarios.
Tools & Resources
Taxmann publications, Income Tax Act, 1961 (latest edition), Online tax calculators, Coaching classes for CA/CS/CMA taxation papers
Career Connection
Proficiency in income tax is a primary requirement for roles in tax compliance, advisory, and auditing. It directly prepares students for the ''''Taxation'''' papers in professional exams and industry roles.
Gain Practical Skills in E-filing- (Semester 3-5)
Actively engage with the ''''E-filing of Returns'''' (SEC) course. Practice filing mock income tax and GST returns using relevant software or online portals. Seek opportunities for short-term internships with tax practitioners or CA firms to get hands-on experience.
Tools & Resources
Income Tax India e-filing portal, GSTN portal, Tally software (if taught in Computer Applications in Business), Internshala for internship search
Career Connection
Hands-on experience in e-filing is a highly sought-after practical skill, making graduates job-ready for roles requiring direct involvement in tax compliance and documentation.
Network with Industry Professionals- (Semester 3-5)
Attend industry seminars, webinars, and guest lectures by tax experts and chartered accountants. Connect with alumni working in taxation roles through LinkedIn or college events. Mentorship from experienced professionals can provide invaluable career guidance.
Tools & Resources
LinkedIn, Professional bodies (ICAI, ICSI, ICMAI) events, College alumni network events
Career Connection
Networking opens doors to internship and job opportunities, provides insights into industry trends, and helps build professional relationships crucial for long-term career growth in the competitive tax domain.
Advanced Stage
Specialize in GST and Direct Tax Planning- (Semester 6-8)
Focus intently on ''''Goods and Services Tax (GST) and Customs Law'''' and ''''Direct Tax Planning and Management'''' (DSEs). Analyze case studies, understand the latest amendments, and comprehend the strategic implications of tax decisions for businesses. Consider advanced certifications in GST.
Tools & Resources
GST Law and Procedures books, Customs Act publications, Online tax law databases (e.g., Manupatra, SCC Online), Advanced GST certification courses
Career Connection
Advanced knowledge in GST and tax planning differentiates candidates, making them suitable for specialized tax advisory roles, corporate tax departments, or independent tax practice, often commanding higher starting salaries.
Undertake Taxation-Focused Research/Internship- (Semester 7-8)
For the ''''Research Project / Dissertation / Academic Internship'''' (Core), choose a topic related to contemporary taxation challenges, policy analysis, or a practical internship in a tax firm. This provides deep practical exposure and demonstrates research capabilities.
Tools & Resources
Academic journals on taxation, Government reports on tax reforms, Reputable tax consultancy firms for internships
Career Connection
A well-executed research project or a substantive internship showcases practical application of knowledge, critical thinking, and problem-solving, significantly boosting employability for specialized tax roles.
Prepare for Professional Qualifications- (Semester 6-8)
Simultaneously prepare for professional qualifications like CA, CS, CMA, or tax advisory certifications. Align your academic studies with the syllabus of these exams, leveraging the strong foundation gained in B.Com Hons with Taxation focus. Utilize coaching materials and mock tests.
Tools & Resources
Study materials and past papers of ICAI, ICSI, ICMAI, Specialized coaching institutes, Online learning platforms (e.g., Unacademy, Vedantu)
Career Connection
Professional qualifications are often prerequisites for senior roles in accounting and taxation, providing accelerated career growth, higher earning potential, and recognition as a subject matter expert in the Indian financial sector.
Program Structure and Curriculum
Eligibility:
- Candidates must have passed Class XII examination from a recognized Board, typically including a combination of one language and specific commerce-related subjects such as Mathematics or Accountancy, as per University of Delhi Admission Guidelines.
Duration: 4 years / 8 semesters
Credits: 160 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 224101 | Financial Accounting | Discipline Specific Core (DSC) | 4 | Theoretical Framework, Accounting Process, Final Accounts of Sole Proprietorship, Accounting for Not-for-Profit Organisations, Computerized Accounting System |
| 224102 | Business Organization & Management | Discipline Specific Core (DSC) | 4 | Introduction to Business Organisation, Forms of Business Organisation, Management: An Introduction, Managerial Functions (Planning, Organising, Staffing, Directing, Controlling), Emerging Issues in Management |
| 224151 | Environmental Science | Ability Enhancement Course (AEC) | 2 | Introduction to Environmental Studies, Ecosystems, Natural Resources, Biodiversity and Conservation, Environmental Pollution, Environmental Policies & Practices |
| 224161 | Bhartiya Bhakti Parampara and Manav Mulya | Value Addition Course (VAC) | 2 | Concept of Bhakti, Bhakti Movement in North India, Bhakti Movement in South India, Bhakti Tradition and Human Values, Impact of Bhakti Movement |
| 224141 | Principles of Microeconomics | Generic Elective (GE) | 4 | Basic Problems of an Economy, Consumer Theory, Production and Costs, Perfect Competition, Monopoly |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 224203 | Business Laws | Discipline Specific Core (DSC) | 4 | The Indian Contract Act, 1872 (General Principles), Specific Contracts (Indemnity, Guarantee, Bailment, Pledge, Agency), The Sale of Goods Act, 1930, The Limited Liability Partnership Act, 2008, The Consumer Protection Act, 2019 |
| 224204 | Business Statistics | Discipline Specific Core (DSC) | 4 | Statistical Data & Descriptive Statistics, Probability Theory, Probability Distributions, Sampling and Statistical Inference, Correlation & Regression Analysis |
| 224252 | English Communication | Ability Enhancement Course (AEC) | 2 | Theory of Communication, Reading Skills, Writing Skills, Listening & Speaking Skills, Public Speaking |
| 224262 | Gandhi and Education | Value Addition Course (VAC) | 2 | Mahatma Gandhi: An Introduction, Education: Its Meaning and Purpose, Basic Education (Nai Talim), Gandhi''''s Vision of Education, Relevance of Gandhi''''s Educational Philosophy |
| 224242 | Introductory Macroeconomics | Generic Elective (GE) | 4 | Introduction to Macroeconomics, National Income Accounting, Determination of Output and Employment, Money and Banking, Inflation |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 224305 | Corporate Accounting | Discipline Specific Core (DSC) | 4 | Accounting for Share Capital, Buyback of Shares and Underwriting, Accounting for Debentures, Financial Statements Analysis, Cash Flow Statement |
| 224306 | Corporate Law | Discipline Specific Core (DSC) | 4 | Introduction to Company Law, Company Management & Administration, Company Meetings, Dividends, Audit & Investigation, Winding up of a Company |
| 224307 | Human Resource Management | Discipline Specific Core (DSC) | 4 | Introduction to HRM, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Management, Compensation Management |
| 224331 | E-filing of Returns | Skill Enhancement Course (SEC) - Taxation Focused Elective | 2 | Introduction to Income Tax, PAN and TAN, E-filing of Income Tax Returns (ITR-1, ITR-4), Goods and Services Tax (GST) Returns (GSTR-1, GSTR-3B), Online Tax Payments |
| 224363 | Swachhta Abhiyan | Value Addition Course (VAC) | 2 | Introduction to Swachh Bharat Abhiyan, Solid Waste Management, Water and Sanitation, Role of Citizens, Impact of Swachh Bharat Abhiyan |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 224408 | Cost Accounting | Discipline Specific Core (DSC) | 4 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overhead Costing, Activity Based Costing, Cost Control Techniques |
| 224409 | Computer Applications in Business | Discipline Specific Core (DSC) | 4 | Word Processing and Presentations, Spreadsheets for Business, Database Management System, Using Tally for Accounting, Web Design Basics |
| 224410 | Income Tax Law and Practice | Discipline Specific Core (DSC) - Taxation Focused | 4 | Basic Concepts & Residential Status, Heads of Income (Salaries, House Property), Profits and Gains from Business or Profession, Capital Gains, Income from Other Sources, Clubbing, Set-off & Carry Forward of Losses, Deductions from Gross Total Income, Computation of Total Income & Tax Liability |
| 224432 | Personal Financial Planning | Skill Enhancement Course (SEC) | 2 | Financial Planning Process, Investment Products (Equity, Debt, Mutual Funds), Insurance Planning, Retirement Planning, Estate Planning |
| 224464 | Digital Empowerment | Value Addition Course (VAC) | 2 | Introduction to Digital Technology, Digital Literacy, Cyber Security Basics, Digital Services in India, Digital Transformation |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 224511 | Fundamentals of Financial Management | Discipline Specific Core (DSC) | 4 | Introduction to Financial Management, Time Value of Money, Capital Budgeting Decisions, Cost of Capital and Capital Structure, Working Capital Management |
| 224512 | Auditing and Corporate Governance | Discipline Specific Core (DSC) | 4 | Introduction to Auditing, Audit Planning and Internal Control, Vouching and Verification, Company Audit, Corporate Governance |
| 224543 | Principles of Marketing | Generic Elective (GE) | 4 | Introduction to Marketing, Consumer Behaviour, Product and Pricing Decisions, Distribution Decisions, Promotion Decisions |
| 224521 | Goods and Services Tax (GST) and Customs Law | Discipline Specific Elective (DSE) - Taxation Focused | 4 | Introduction to GST, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, Registration and Returns, Payment of Tax, Customs Law Overview |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 224613 | Management Accounting | Discipline Specific Core (DSC) | 4 | Introduction to Management Accounting, Cost Volume Profit Analysis, Budgetary Control, Standard Costing, Responsibility Accounting |
| 224614 | International Business | Discipline Specific Core (DSC) | 4 | Introduction to International Business, Theories of International Trade, Foreign Direct Investment, International Financial Markets, Globalisation and India |
| 224644 | E-Commerce | Generic Elective (GE) | 4 | Introduction to E-Commerce, E-Payment Systems, E-Security, E-Marketing, Legal and Ethical Issues in E-Commerce |
| 224622 | Direct Tax Planning and Management | Discipline Specific Elective (DSE) - Taxation Focused | 4 | Introduction to Tax Planning, Tax Planning for Individuals, Tax Planning for Firms, Tax Planning for Companies, Tax Management, Case Studies in Direct Tax Planning |
Semester 7
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 224723 | Business Analytics | Discipline Specific Elective (DSE) | 4 | Introduction to Business Analytics, Data Mining Techniques, Predictive Analytics, Prescriptive Analytics, Big Data Concepts |
| 224733 | Financial Modeling and Valuation | Skill Enhancement Course (SEC) | 2 | Introduction to Financial Modeling, Building Financial Models, Valuation Techniques (DCF, Relative Valuation), Sensitivity Analysis, Scenario Analysis |
| 224771 | Research Project / Dissertation / Academic Internship | Core (for 4-year degree) | 12 | Research Methodology, Literature Review, Data Collection and Analysis, Report Writing, Presentation Skills |
Semester 8
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 224824 | Investment Analysis and Portfolio Management | Discipline Specific Elective (DSE) | 4 | Investment Environment, Risk and Return Concepts, Equity Valuation, Bond Valuation, Portfolio Theory and Management |
| 224834 | Digital Marketing | Skill Enhancement Course (SEC) | 2 | Introduction to Digital Marketing, Search Engine Optimization (SEO), Social Media Marketing, Content Marketing, Email Marketing |
| 224872 | Major Research Project | Core (for Honours with Research pathway) | 12 | Advanced Research Design, In-depth Literature Review, Primary/Secondary Data Analysis, Thesis Writing and Defense, Ethical Considerations in Research |
