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BACHELOR-OF-COMMERCE in Vocational With Tax Procedure And Practice at Govind Mohan National College
Ambala, Haryana
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About the Specialization
What is Vocational with Tax Procedure and Practice at Govind Mohan National College Ambala?
This B.Com Vocational with Tax Procedure and Practice program at Gandhi Memorial National College, affiliated with Kurukshetra University, focuses on equipping students with specialized knowledge and practical skills in direct and indirect taxation, as well as office management. In the Indian context, with dynamic tax reforms like GST and evolving income tax laws, this specialization is crucial for a skilled workforce in financial compliance and advisory roles, providing a distinct advantage in the job market.
Who Should Apply?
This program is ideal for 10+2 graduates with an interest in finance, taxation, and legal compliance, seeking entry into the tax and accounting sector. It also suits individuals who aspire to work as tax consultants, financial analysts, or office administrators. Students with a meticulous nature and a keen eye for detail, who are comfortable with legal frameworks and numerical data, will thrive in this specialization.
Why Choose This Course?
Graduates of this program can expect to secure roles as tax assistants, GST practitioners, accounting professionals, or junior tax consultants within Indian corporates, CA firms, or government departments. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, with significant growth potential as expertise in complex tax structures and e-filing procedures develops. The practical training in tax procedures also prepares students for relevant professional certifications.
Student Success Practices
Foundation Stage
Master Foundational Accounting and Tax Concepts- (Semester 1-2)
Dedicate significant effort to understanding core financial accounting principles and the basics of income tax law. Focus on building a strong conceptual base, as these subjects are foundational for all subsequent tax-related specialization topics. Participate in tutorial sessions and seek clarification on complex accounting entries or tax provisions.
Tools & Resources
NCERT Accountancy books, ICAI study materials for CPT/Foundation level, online tax resources like Income Tax India website, basic accounting software tutorials (e.g., Tally introductory courses)
Career Connection
A solid foundation ensures a deeper understanding of advanced tax subjects, making it easier to grasp practical applications required for tax compliance roles.
Develop Strong Business Communication Skills- (Semester 1-2)
Actively participate in presentations, group discussions, and formal report writing exercises to enhance both written and oral communication. Effective communication is crucial for interacting with clients, colleagues, and tax authorities in professional settings. Practice drafting professional emails and formal letters.
Tools & Resources
Online communication courses (e.g., Coursera, edX), Toastmasters International (if available locally), college communication workshops, business newspapers like The Economic Times
Career Connection
Essential for client communication, presenting financial reports, and clarifying tax queries, leading to better client relations and career advancement.
Cultivate Analytical and Problem-Solving Abilities- (Semester 1-2)
Engage with case studies and numerical problems in Business Economics and Mathematics/Statistics. Practice solving quantitative problems regularly to develop analytical thinking, which is vital for interpreting financial data and applying tax laws. Join study groups to discuss and solve challenging problems collaboratively.
Tools & Resources
Reference books for quantitative aptitude, online problem-solving platforms, past year question papers, Khan Academy for math/statistics concepts
Career Connection
Enhances decision-making capabilities, crucial for tax planning, financial analysis, and identifying discrepancies in financial records.
Intermediate Stage
Gain Proficiency in Computer Applications for Business- (Semester 3-4)
Master MS-Excel for financial data analysis, accounting tasks, and basic tax calculations. Learn to use accounting software like Tally ERP 9/Prime for ledger entries, trial balances, and generating financial statements. These skills are directly applicable in tax and accounting roles.
Tools & Resources
Advanced Excel tutorials (e.g., Udemy, YouTube), Tally training courses, college computer lab facilities, online practice datasets
Career Connection
Directly impacts employability in roles requiring data management, financial reporting, and efficient record-keeping.
Understand GST and Income Tax E-Filing Procedures- (Semester 3-4)
Pay close attention to the Goods and Services Tax Law and Practice papers, and actively engage in the E-Filing of Tax Returns practical sessions. Practice filling out various GST and Income Tax Return forms (e.g., GSTR-1, GSTR-3B, ITR-1 to ITR-4) using online portals or simulated software.
Tools & Resources
Official GST Portal (gst.gov.in), Income Tax E-filing Portal (incometax.gov.in), specialized tax software (e.g., ClearTax, Gen GST), tax updates from professional bodies
Career Connection
Directly prepares students for roles as GST practitioners, tax assistants, and e-filing specialists, highly sought after in India.
Seek Practical Exposure through Internships/Projects- (Semester 4-5)
Actively look for short-term internships with local Chartered Accountant firms, tax consultants, or small businesses during semester breaks. Engage in practical projects involving data entry, reconciliation, or basic tax computation to apply theoretical knowledge in a real-world setting.
Tools & Resources
College placement cell, LinkedIn, Internshala, local business directories, networking with alumni
Career Connection
Provides valuable work experience, builds professional networks, and often leads to pre-placement offers or strong referrals.
Advanced Stage
Specialize in Advanced Tax Planning Strategies- (Semester 6)
Delve deep into advanced tax laws and practice, including tax planning for individuals and businesses, international taxation concepts, and tax audit procedures. Understand the ethical considerations and legal nuances involved in tax advising.
Tools & Resources
Advanced tax law textbooks, professional journals, workshops by tax experts, case law studies related to direct and indirect taxes
Career Connection
Positions graduates for advisory roles in tax planning, wealth management, and corporate finance, demanding higher expertise and remuneration.
Excel in Practical Training and Simulated Tax Environments- (Semester 5-6)
Maximize learning from the ''''Practical Training in Tax Procedure and Practice'''' subjects. Work on comprehensive case studies, use integrated tax software for end-to-end tax compliance simulations, and practice resolving hypothetical tax disputes. Develop strong problem-solving skills for complex tax scenarios.
Tools & Resources
Industry-standard tax compliance software (e.g., Saral Tax, Winman CA ERP), mock tax audits, simulated client scenarios, discussions with experienced tax professionals
Career Connection
Direct practical application skills are highly valued by employers, leading to quicker integration into tax departments and enhanced performance.
Prepare for Professional Certifications and Placements- (Semester 6)
Begin preparing for relevant professional certifications such as the Certified Public Accountant (CPA) if aspiring for international roles, or focusing on specific tax certifications offered by Indian professional bodies. Actively participate in campus placement drives, mock interviews, and resume building workshops, tailoring your profile to tax-specific roles.
Tools & Resources
Placement cell resources, online interview preparation platforms, career counseling services, professional networking events
Career Connection
Significantly boosts employability and opens doors to top-tier accounting firms, multinational corporations, and specialized tax consultancies.
Program Structure and Curriculum
Eligibility:
- Senior Secondary Certificate (10+2) examination with at least 40% marks in aggregate from Board of School Education, Haryana or any other examination recognized by Kurukshetra University as equivalent thereto.
Duration: 6 semesters / 3 years
Credits: 128 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.C. 101 | Financial Accounting - I | Core | 4 | Introduction to Accounting, Accounting Process, Final Accounts, Accounting for Non-Profit Organizations, Accounting Standards |
| B.C. 102 | Business Economics - I | Core | 4 | Introduction to Economics, Demand Analysis, Supply Analysis, Production Analysis, Cost Concepts |
| B.C. 103 | Business Mathematics - I | Core | 4 | Matrices and Determinants, Calculus (Differentiation and Integration), Financial Mathematics (Simple and Compound Interest), Set Theory, Linear Programming |
| B.C. 104 | Business Communication - I | Core | 4 | Introduction to Communication, Types of Communication, Written Communication (Reports, Letters), Oral Communication (Presentations), Non-Verbal Communication |
| B.C. 105 | Income Tax Law and Practice - I | Vocational | 4 | Introduction to Income Tax Act, Residential Status, Exempted Incomes, Income from Salaries, Heads of Income |
| B.C. 106 | Office Management and Secretarial Practice - I | Vocational | 4 | Introduction to Office Management, Office Organisation, Office Environment, Office Correspondence, Secretarial Duties |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.C. 201 | Financial Accounting - II | Core | 4 | Partnership Accounts, Company Accounts, Valuation of Goodwill and Shares, Investment Accounts, Departmental Accounts |
| B.C. 202 | Business Economics - II | Core | 4 | Market Structures, Pricing Policies, Factor Pricing, National Income, Macroeconomic Policies |
| B.C. 203 | Business Statistics - I | Core | 4 | Introduction to Statistics, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers |
| B.C. 204 | Environmental Studies | Core | 4 | Multidisciplinary nature of environmental studies, Natural Resources, Ecosystems, Biodiversity and its conservation, Environmental Pollution |
| B.C. 205 | Income Tax Law and Practice - II | Vocational | 4 | Income from House Property, Profits and Gains of Business or Profession, Capital Gains, Income from Other Sources, Clubbing of Income and Set-off |
| B.C. 206 | Office Management and Secretarial Practice - II | Vocational | 4 | Modern Office Appliances, Filing and Indexing Systems, Office Systems and Procedures, Secretarial Correspondence, Company Secretary Role |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.C. 301 | Corporate Accounting - I | Core | 4 | Issue and Forfeiture of Shares, Issue and Redemption of Debentures, Company Final Accounts, Underwriting of Shares, Bonus and Rights Issues |
| B.C. 302 | Business Law - I | Core | 4 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Elements of a Valid Contract, Breach of Contract and Remedies |
| B.C. 303 | Computer Applications in Business - I (Theory) | Core | 3 | Introduction to Computers, Operating Systems, MS-Word, MS-Excel, MS-PowerPoint |
| B.C. 304 | Computer Applications in Business - I (Practical) | Lab | 1 | Hands-on with MS-Word features, Data entry and calculations in MS-Excel, Creating presentations in MS-PowerPoint, Using internet for business tasks, Email management |
| B.C. 305 | Goods and Services Tax Law and Practice - I | Vocational | 4 | Introduction to GST, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, Registration under GST |
| B.C. 306 | E-Filing of Tax Returns - I (Theory) | Vocational | 3 | Introduction to E-Filing, Permanent Account Number (PAN), Tax Deduction and Collection Account Number (TAN), Income Tax Returns Forms (ITR-1 to ITR-4), E-filing procedure for individuals |
| B.C. 307 | E-Filing of Tax Returns - I (Practical) | Lab | 1 | Hands-on practice of E-filing Income Tax Returns, Online Challan Generation, Viewing Form 26AS, Calculating Tax Liability, Filling basic ITR forms |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.C. 401 | Corporate Accounting - II | Core | 4 | Amalgamation, Absorption and Reconstruction of Companies, Liquidation of Companies, Holding and Subsidiary Companies, Valuation of Enterprise, Accounting for Government Grants |
| B.C. 402 | Business Law - II | Core | 4 | Companies Act, 2013, Consumer Protection Act, 2019, Intellectual Property Rights (IPR), Types of Companies and their Formation, Consumer Rights and Grievance Redressal |
| B.C. 403 | Computer Applications in Business - II (Theory) | Core | 3 | Database Management Systems (DBMS), Internet and E-Commerce, Cyber Security and Data Protection, Cloud Computing Basics, Networking Concepts |
| B.C. 404 | Computer Applications in Business - II (Practical) | Lab | 1 | Hands-on practice of Database concepts (MS Access), Internet usage for business research, Online transaction simulation, Data backup and recovery, Using email and collaboration tools |
| B.C. 405 | Goods and Services Tax Law and Practice - II | Vocational | 4 | Tax Invoice, Debit and Credit Notes, Accounts and Records under GST, Payment of Tax, Refunds under GST, Returns under GST (GSTR-1, 3B) |
| B.C. 406 | E-Filing of Tax Returns - II (Theory) | Vocational | 3 | E-filing of GST Returns, TDS and TCS Returns, Annual Information Statement (AIS), Taxpayer Information Summary (TIS), E-filing procedure for businesses |
| B.C. 407 | E-Filing of Tax Returns - II (Practical) | Lab | 1 | Hands-on practice of E-filing GST Returns (GSTR-1, GSTR-3B), E-filing TDS/TCS statements, Viewing AIS and TIS, Generating E-Way bills, Online payment of GST |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.C. 501 | Cost Accounting - I | Core | 4 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overhead Costing, Cost Sheet Preparation |
| B.C. 502 | Management Principles and Applications - I | Core | 4 | Introduction to Management, Planning (Types, Process), Organizing (Structure, Authority), Staffing (Recruitment, Selection), Management Theories |
| B.C. 503 | Banking and Insurance - I | Core | 4 | Introduction to Banking, Commercial Banks (Functions, Types), Central Bank (RBI Functions), Introduction to Insurance, Types of Bank Accounts |
| B.C. 504 | Direct and Indirect Tax Planning (Theory) | Vocational | 4 | Introduction to Tax Planning, Tax Avoidance vs. Tax Evasion, Tax Planning for Individuals, Tax Planning for Businesses, Tax Planning under GST |
| B.C. 505 | Practical Training in Tax Procedure and Practice - I (Practical) | Practical | 4 | Practical aspects of tax compliance, Real-world case studies in Income Tax and GST, Use of commercial tax software for return filing, Preparation of basic tax reports and challans, Understanding assessment procedures |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.C. 601 | Cost Accounting - II | Core | 4 | Unit Costing, Job Costing and Batch Costing, Process Costing, Reconciliation of Cost and Financial Accounts, Marginal Costing |
| B.C. 602 | Management Principles and Applications - II | Core | 4 | Directing (Motivation, Leadership), Controlling (Process, Techniques), Coordination and Cooperation, Organizational Change and Development, Decision Making |
| B.C. 603 | Banking and Insurance - II | Core | 4 | Negotiable Instruments (Cheques, Bills of Exchange), Electronic Banking (NEFT, RTGS, IMPS), Types of Insurance (Life, General), IRDA (Role and Functions), Recent trends in banking and insurance |
| B.C. 604 | Advanced Tax Laws and Practice (Theory) | Vocational | 4 | International Taxation, Double Taxation Avoidance Agreements (DTAA), Transfer Pricing, Tax Audit and Assessments, Appellate Procedures and Authorities |
| B.C. 605 | Practical Training in Tax Procedure and Practice - II (Practical) | Practical | 4 | Advanced tax planning strategies for corporates, Resolution of tax disputes and appeals, Ethical considerations in tax practice, Client communication and advisory skills, Compliance with TDS/TCS provisions |
