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B-COM in Taxation at Galgotias University
Gautam Buddh Nagar, Uttar Pradesh
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About the Specialization
What is Taxation at Galgotias University Gautam Buddh Nagar?
This Taxation focus within the B.Com (Honours) program at Galgotias University provides a robust understanding of Indian tax laws and practices. It delves into critical areas like Income Tax, Goods and Services Tax (GST), and Customs Law, which are highly relevant given India''''s evolving tax regime. This program is designed to equip students with the practical knowledge required for a career in tax compliance, advisory, and planning.
Who Should Apply?
This program is ideal for 10+2 graduates with a strong interest in finance and legal frameworks, particularly those aspiring to become tax consultants, financial analysts, or pursue higher education like CA/CS/CMA. It also suits individuals seeking to join corporate finance departments or government taxation bodies in India, providing a foundational and practical skillset for navigating the complex Indian tax environment.
Why Choose This Course?
Graduates of this program can expect to pursue dynamic career paths in India, including roles as Junior Tax Analysts, GST Consultants, Compliance Officers, or Auditors in accounting firms, MNCs, and government sectors. Entry-level salaries typically range from INR 3-5 LPA, with experienced professionals earning significantly more. The strong foundation also aligns with professional certifications, enhancing growth trajectories in Indian companies.
Student Success Practices
Foundation Stage
Master Accounting & Business Law Fundamentals- (Semester 1-2)
Diligently study Financial Accounting and Business Law (Indian Contract Act, Companies Act) in the initial semesters. Utilize online resources like ICAI study materials or NPTEL courses for deeper understanding. Form study groups to discuss complex legal and accounting principles.
Tools & Resources
ICAI Study Material, NPTEL Accounting/Law Courses, Peer Study Groups
Career Connection
A strong foundation in these subjects is crucial for understanding the base for taxation laws and will be frequently tested in entry-level finance, audit, and tax roles.
Enhance Communication & Soft Skills- (Semester 1-2)
Actively participate in Communication Skills and Soft Skills modules. Practice public speaking, professional writing, and team activities. Join university clubs focused on debate or presentations to refine these abilities.
Tools & Resources
Toastmasters International (local chapters), Online grammar/writing tools like Grammarly, University Communication Labs
Career Connection
Effective communication is vital for client interaction, report writing, and team collaboration in any taxation or finance career. Strong soft skills improve employability and career progression.
Build Basic Computer Application Proficiency- (Semester 1-2)
Gain hands-on experience with MS Office Suite (especially Excel) through the ''''Computer Applications in Business'''' course. Start exploring basic accounting software functionalities, even if not formally taught, to get a head start.
Tools & Resources
Microsoft Learn for Excel, YouTube tutorials for basic Tally/accounting software, Galgotias University Computer Labs
Career Connection
Proficiency in Excel is non-negotiable in finance and taxation. Familiarity with accounting software eases transition into professional roles and practical tax compliance tasks.
Intermediate Stage
Deep Dive into Income Tax & GST Electives- (Semester 3-4)
Choose ''''Income Tax Law & Practice'''' (Sem 3) and ''''Goods & Services Tax (GST) & Customs Law'''' (Sem 4) as Discipline Specific Electives. Supplement classroom learning with practical case studies, real-world tax return examples, and GST portal navigation exercises.
Tools & Resources
Income Tax Act 1961, GST Act 2017, Official Income Tax/GST portals (e-filing), Taxmann/Taxguru resources
Career Connection
These subjects are the core of a taxation career. Practical application prepares students directly for roles in tax compliance, advisory, and revenue departments in India.
Participate in Finance & Tax Competitions- (Semester 3-5)
Engage in inter-college quizzes, case study competitions, or simulations related to finance, accounting, or taxation. This helps apply theoretical knowledge, develop problem-solving skills, and build a competitive profile.
Tools & Resources
Unstop (formerly Dare2Compete), Corporate Finance Institute challenges, University Finance Club events
Career Connection
Participation showcases initiative and practical skills to potential employers, especially for roles in finance and taxation where analytical and quick-thinking abilities are valued.
Network with Industry Professionals- (Semester 3-5)
Attend webinars, workshops, and guest lectures by CAs, tax consultants, and financial experts. Utilize platforms like LinkedIn to connect with professionals in the taxation field to gain insights and explore mentorship opportunities within the Indian context.
Tools & Resources
LinkedIn, Professional body events (ICAI, ICSI), University Alumni Network
Career Connection
Networking opens doors to internships, mentorship, and keeps students updated on industry trends, which is crucial for career development in India''''s fast-paced finance sector.
Advanced Stage
Undertake Taxation-Focused Internship- (Semester 5-6)
Secure a summer internship (Sem 5) or part-time internship with a CA firm, tax consultancy, or corporate finance department specializing in taxation. Focus on gaining hands-on experience in filing returns, compliance, and advisory services.
Tools & Resources
University Placement Cell, Internshala, Direct applications to CA firms
Career Connection
Practical internship experience is paramount for placements in India. It demonstrates real-world exposure and a tangible understanding of tax processes, making graduates job-ready.
Opt for Advanced Taxation Electives & Project- (Semester 5-6)
Choose ''''Advanced Income Tax & Tax Planning'''' (Sem 5) and ''''Goods & Services Tax (GST) & Customs Law'''' (Sem 6) again (if applicable) or other relevant DSEs. Select a taxation-related topic for your final Project Work/Dissertation (Sem 6) to showcase specialized knowledge.
Tools & Resources
Advanced tax journals/publications, Expert faculty guidance, Real-world tax scenarios for project work
Career Connection
Advanced electives and a specialized project demonstrate in-depth knowledge, making you a strong candidate for roles requiring specialized tax expertise, and aiding in preparation for professional examinations.
Prepare for Professional Certifications- (Semester 5-6)
While pursuing B.Com, start preparing for entry-level modules of professional certifications like CA Foundation, CMA Foundation, or NISM certifications relevant to financial markets if also interested. This provides an edge and validates specialized skills.
Tools & Resources
ICAI/ICMAI/NISM study materials, Coaching institutes, Online practice tests
Career Connection
Professional certifications are highly valued in the Indian finance and taxation industry. They enhance credibility, open up diverse career opportunities, and often lead to higher starting salaries.
Program Structure and Curriculum
Eligibility:
- Minimum 50% marks in 10+2. Candidate must have English as a subject in 10+2.
Duration: 3 Years (6 Semesters)
Credits: 136 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM1007 | Corporate Accounting | Core | 4 | Accounting for Shares, Accounting for Debentures, Amalgamation and Reconstruction, Valuation of Goodwill and Shares, Consolidated Financial Statements |
| BCOM1008 | Corporate Law | Core | 4 | Introduction to Companies Act, 2013, Company Formation and Documentation, Share Capital and Debentures, Management and Administration, Meetings and Resolutions |
| BCOM1009 | Business Mathematics | Core | 4 | Matrices and Determinants, Calculus (Differentiation and Integration), Financial Mathematics (Simple and Compound Interest), Linear Programming, Set Theory |
| BCOM1010 | Principles of Marketing | Core | 4 | Introduction to Marketing, Marketing Environment, Consumer Behavior, Product, Price, Place, Promotion (4 Ps), Digital Marketing |
| BCOM1011 | English for Business | Skill Enhancement Course (SEC) | 2 | Business Correspondence, Report Writing, Email Etiquette, Meeting Communication, Negotiation Skills |
| SLCS1002 | Soft Skills-II | Skill Enhancement Course (SEC) | 0 | Emotional Intelligence, Critical Thinking, Problem-Solving, Decision Making, Conflict Resolution |
| BCOM1012 | Computer Applications in Business | Ability Enhancement Compulsory Course (AECC) | 2 | Operating Systems, MS Word and Excel, Database Management Systems, Internet and E-Commerce Basics, Data Security |
| FLAT1001 | Foreign Language / Indian Language | Ability Enhancement Compulsory Course (AECC) | 2 | Basic Grammar, Conversational Phrases, Cultural Aspects, Reading Comprehension, Writing Simple Sentences |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM2001 | Income Tax Law & Practice | Discipline Specific Elective (DSE I) - Taxation Focus | 6 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income under Five Heads, Deductions from Gross Total Income, Computation of Taxable Income |
| BCOM2002 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Cost Ascertainment, Cost Control Techniques, Cost Reduction, Budgetary Control |
| BCOM2003 | E-Commerce | Core | 4 | Introduction to E-Commerce, E-Commerce Business Models, E-Payment Systems, E-Security, Legal and Ethical Issues in E-Commerce |
| BCOM2004 | Entrepreneurship | Core | 4 | Concept of Entrepreneurship, Entrepreneurial Environment, Business Idea Generation, Business Plan Formulation, Start-up Ecosystem in India |
| SLCS2001 | Soft Skills-III | Skill Enhancement Course (SEC) | 0 | Leadership Skills, Team Building, Negotiation Skills, Interview Preparation, Public Speaking |
| BCOM2005 | Research Methodology & Statistical Analysis | Skill Enhancement Course (SEC) | 3 | Research Design, Data Collection Methods, Sampling Techniques, Hypothesis Testing, Report Writing |
| BCOM2006/BCOM2007 | Financial Management / Human Resource Management | Generic Elective (GE I) | 2 | Financial Management: Introduction, Time Value of Money, Capital Budgeting, Working Capital Management, Dividend Policy., Human Resource Management: Role of HR, Recruitment & Selection, Training & Development, Performance Appraisal, Compensation Management. |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM2008 | Goods & Services Tax (GST) & Customs Law | Discipline Specific Elective (DSE II) - Taxation Focus | 6 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, GST Procedures (Registration, Returns, Refunds), Customs Act 1962 (Basic Concepts) |
| BCOM2009 | Auditing and Corporate Governance | Core | 4 | Introduction to Auditing, Types of Audit, Audit Process and Techniques, Corporate Governance Principles, Role of Auditors and Ethics |
| BCOM2010 | Computerized Accounting (Tally & Advanced Excel) | Discipline Specific Elective (DSE III) | 4 | Introduction to Tally ERP 9, Company Creation and Ledgers in Tally, Voucher Entries in Tally, Generating Reports in Tally, Advanced Excel for Accounting |
| BCOM2011 | Financial Management | Core | 4 | Objectives of Financial Management, Capital Structure Decisions, Cost of Capital, Leverage Analysis, Sources of Finance |
| SLCS2002 | Soft Skills-IV | Skill Enhancement Course (SEC) | 0 | Stress Management, Conflict Resolution, Decision Making, Etiquette and Manners, Workplace Ethics |
| BCOM2012 | Principles of Micro Finance | Skill Enhancement Course (SEC) | 3 | Concept of Microfinance, Models of Microfinance, Microfinance Institutions (MFIs), Impact of Microfinance, Regulatory Framework |
| BCOM2013/BCOM2014 | Organisational Behavior / Marketing Management | Generic Elective (GE II) | 2 | Organisational Behavior: Foundations, Perception, Learning, Motivation, Leadership., Marketing Management: Marketing Mix, Product Life Cycle, Branding, Pricing Strategies, Distribution Channels. |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM3001 | Principles of Marketing Management | Core | 4 | Marketing Concept, Marketing Environment, Market Segmentation, Targeting, Positioning, Product and Pricing Decisions, Promotion and Distribution Decisions |
| BCOM3002 | Project Management | Core | 4 | Introduction to Project Management, Project Life Cycle, Project Planning and Scheduling, Project Costing and Control, Risk Management in Projects |
| BCOM3003/BCOM3004 | Financial Reporting & Analysis / Computerized Accounting (Tally & Advanced Excel) | Discipline Specific Elective (DSE III) | 6 | Financial Reporting & Analysis: Financial Statements, Ratio Analysis, Cash Flow Analysis, Valuation, Forensic Accounting., Computerized Accounting: Advanced Tally features, Payroll, Inventory, Data security, Advanced Excel for financial modeling. |
| BCOM3005/BCOM3006 | Entrepreneurship / Advanced Income Tax & Tax Planning | Discipline Specific Elective (DSE IV) - Taxation Focus | 6 | Entrepreneurship: Idea generation, Business plan, Funding, Legal aspects, Social entrepreneurship., Advanced Income Tax: Assessment Procedures, Appeals, Penalties, Tax Planning for Individuals & Corporates, International Taxation. |
| SLCS3001 | Soft Skills-V | Skill Enhancement Course (SEC) | 0 | Professional Etiquette, Networking Skills, Cross-cultural Communication, Mock Interviews, Group Discussion Techniques |
| BCOM3007 | Values and Ethics | Ability Enhancement Compulsory Course (AECC) | 3 | Ethical Theories, Professional Ethics, Corporate Social Responsibility, Ethical Decision Making, Values in Business |
| BCOM3008 | Summer Internship (Project) | Core | 4 | Industry Exposure, Practical Skill Application, Report Writing, Presentation, Problem Solving in Real-world Context |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM3009 | International Business | Core | 4 | Globalization and International Business, Theories of International Trade, Foreign Exchange Market, International Financial Management, Export-Import Procedures |
| BCOM3010 | Financial Markets & Services | Core | 4 | Indian Financial System, Money Market, Capital Market, Financial Services (Merchant Banking, Factoring), SEBI Regulations |
| BCOM3011/BCOM3012 | Financial Risk Management / Goods & Services Tax (GST) & Customs Law | Discipline Specific Elective (DSE V) - Taxation Focus | 6 | Financial Risk Management: Introduction to Risk, Market Risk, Credit Risk, Operational Risk, Derivatives and Hedging., Goods & Services Tax (GST) & Customs Law: Advanced GST concepts, Specific GST provisions, Customs procedures, Valuation, Duty drawbacks. |
| BCOM3013/BCOM3014 | Business Research Methods / E-Commerce | Discipline Specific Elective (DSE VI) | 6 | Business Research Methods: Research Process, Data Analysis (ANOVA, Chi-square), Multivariate Techniques, Ethical Issues, Report Writing., E-Commerce: E-Commerce Security, Mobile Commerce, Social Commerce, Cloud Computing in E-Commerce, Future of E-Commerce. |
| SLCS3002 | Soft Skills-VI | Skill Enhancement Course (SEC) | 0 | Career Planning, Personal Branding, Digital Footprint Management, Emotional Intelligence, Adaptability and Resilience |
| BCOM3015 | Human Values & Professional Ethics | Ability Enhancement Compulsory Course (AECC) | 3 | Self-Exploration, Harmony in Society, Holistic Understanding, Universal Human Values, Ethical Conduct in Profession |
| BCOM3016 | Project Work/Dissertation | Core | 4 | Problem Identification, Literature Review, Methodology Design, Data Analysis and Interpretation, Report Writing and Presentation |
