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B-COM-HONS in Taxation at Invertis University
Bareilly, Uttar Pradesh
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About the Specialization
What is Taxation at Invertis University Bareilly?
This B.Com (Hons) Taxation program at Invertis University focuses on equipping students with a comprehensive understanding of Indian taxation laws and practices. It delves into both direct and indirect taxes, their administration, and strategic tax planning. The specialization is highly relevant in India''''s dynamic economic landscape, where adherence to complex tax regulations is crucial for businesses and individuals alike, making skilled tax professionals consistently in demand.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into the finance and accounting sector with a specific focus on taxation. It also suits individuals aspiring for careers in tax consultancy, corporate finance, or government tax departments. Students with a keen interest in legal frameworks, numerical analysis, and a desire to help businesses and individuals navigate India''''s tax system will find this specialization particularly rewarding.
Why Choose This Course?
Graduates of this program can expect promising career paths as Tax Consultants, Compliance Officers, Accountants, or Auditors in India. Entry-level salaries typically range from INR 3-5 LPA, growing significantly with experience. Opportunities exist in Big Four accounting firms, corporate tax departments, and independent practice. The program also prepares students for professional certifications like GST Practitioner or further studies in taxation, enhancing growth trajectories in Indian companies.
Student Success Practices
Foundation Stage
Build Strong Accounting and Law Fundamentals- (undefined)
Focus intently on core subjects like Financial Accounting, Corporate Accounting, Business Law, and Company Law in the initial semesters. These subjects form the bedrock for understanding taxation principles. Use online resources like Investopedia and NPTEL videos for conceptual clarity, and practice problems regularly to solidify understanding.
Tools & Resources
Investopedia, NPTEL videos, Past year question papers
Career Connection
A robust foundation in accounting and law is crucial for interpreting tax statutes and ensuring compliance, directly impacting your effectiveness as a future tax professional.
Develop Effective Study Habits and Time Management- (undefined)
Establish a consistent study schedule, prioritize topics, and avoid last-minute cramming. Engage in peer learning groups to discuss complex concepts and prepare for internal assessments and end-term examinations effectively. Participate in university workshops on study skills and academic writing.
Tools & Resources
Study groups, Academic calendar for deadlines, Pomodoro Technique
Career Connection
Discipline and good time management are essential professional skills valued in any finance or compliance role, preparing you for the demands of the workplace.
Master Basic Computer Applications for Business- (undefined)
Actively learn and practice using spreadsheet software (like MS Excel) and basic database management. Pay close attention to the ''''Computer Applications in Business'''' course. These digital literacy skills are fundamental for data analysis, record-keeping, and preparing financial statements which are integral to taxation.
Tools & Resources
Microsoft Excel, Google Sheets, Online Excel tutorials
Career Connection
Proficiency in business software is a basic expectation in finance and accounting roles, making you job-ready and efficient from day one.
Intermediate Stage
Dive Deep into Core Taxation Laws- (undefined)
Beyond the ''''Income Tax Law and Practice'''' core subject, dedicate extra effort to understanding the nuances of ''''Direct Tax Law'''' and ''''Indirect Tax Law'''' electives. Follow current tax news via government websites (e.g., Income Tax Department, CBIC) and financial newspapers like The Economic Times. Join tax-related webinars.
Tools & Resources
Income Tax Department website (incometax.gov.in), CBIC website (cbic.gov.in), The Economic Times, Taxmann updates
Career Connection
A strong grasp of both direct and indirect tax laws is paramount for becoming a skilled tax consultant, compliance specialist, or working in tax advisory.
Gain Practical Exposure through Internships and Workshops- (undefined)
Actively seek internships at local accounting firms, tax consultancies, or corporate finance departments during breaks. Participate in university-organized workshops on Tally ERP.9 and tax return filing. These experiences bridge theoretical knowledge with practical application in an Indian context.
Tools & Resources
University placement cell, LinkedIn for internship postings, Local CA firms
Career Connection
Practical experience is highly valued by employers in India, providing hands-on skills in tax compliance, audit assistance, and client interaction, significantly boosting placement prospects.
Network with Professionals and Join Academic Competitions- (undefined)
Attend industry seminars, guest lectures, and alumni meets to build a professional network. Participate in inter-college quizzes, case study competitions, or debates related to finance and taxation. This enhances communication skills and provides insights into current industry challenges and solutions.
Tools & Resources
LinkedIn, University alumni association, Inter-college competition platforms
Career Connection
Networking can open doors to mentorship, internships, and job opportunities. Competition participation demonstrates critical thinking and problem-solving, key attributes for a successful career.
Advanced Stage
Master GST and Advanced Tax Planning Strategies- (undefined)
Focus intensely on the ''''GST'''' core subject and the ''''Goods and Services Tax (GST)'''' DSE. Simultaneously, excel in ''''Tax Planning'''' by understanding its strategic implications for individuals and corporations. Practice solving complex tax scenarios and case studies to develop analytical and problem-solving skills.
Tools & Resources
GST portal (gst.gov.in), Taxmann guides on GST and Tax Planning, Case study books on Indian taxation
Career Connection
Proficiency in GST and tax planning is highly sought after, positioning you for roles in tax advisory, corporate tax departments, or as an independent GST practitioner, commanding better salary packages.
Prepare for Placements and Professional Certifications- (undefined)
Utilize the final semesters for intensive placement preparation, including mock interviews, resume building, and aptitude tests. Consider pursuing professional certifications like the GST Practitioner certification or preparing for CA/CS/CMA foundation exams to add significant value to your profile and enhance employability in the Indian market.
Tools & Resources
University Career Services, Online aptitude test platforms, Professional body websites (ICAI, ICSI, ICMAI)
Career Connection
Targeted placement preparation ensures you secure desirable job roles, while professional certifications demonstrate specialized expertise and a commitment to career growth.
Undertake a Comprehensive Project in Taxation- (undefined)
Leverage the ''''Project Work'''' in your final semester to conduct in-depth research on a contemporary taxation issue in India, such as the impact of recent budget changes or a comparative study of state GST implementations. This showcases your research, analytical, and presentation skills to potential employers.
Tools & Resources
Academic journals (e.g., IJMSSR), Government reports on finance and taxation, Statistical data sources
Career Connection
A well-executed project demonstrates practical application of knowledge, critical thinking, and independent work, making you a more attractive candidate for specialized roles in taxation.
Program Structure and Curriculum
Eligibility:
- 10+2 with minimum 50% marks in any discipline (as per official university website)
Duration: 3 years / 6 semesters
Credits: 100 Credits
Assessment: Assessment pattern not specified
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCO 100 | Environmental Studies | Ability Enhancement Compulsory Course (AECC) | 2 | Introduction to Environmental Studies, Natural Resources, Ecosystems, Biodiversity and its Conservation, Environmental Pollution, Environmental Policies & Practices |
| BCO 101 | Financial Accounting | Core | 4 | Introduction to Accounting, Accounting Process, Final Accounts, Accounting for Non-Profit Organizations, Computerized Accounting Basics |
| BCO 102 | Business Law | Core | 4 | Indian Contract Act, Sale of Goods Act, Limited Liability Partnership Act, Information Technology Act, Consumer Protection Act |
| BCO 103 | Principles of Micro Economics | Core | 4 | Introduction to Micro Economics, Consumer Behaviour, Theory of Production and Cost, Market Structures, Factor Pricing |
| BCO 104 | Computer Applications in Business | General Elective (Selected as relevant) | 4 | Introduction to Computers, Word Processing, Spreadsheets for Business, Presentations, Database Management Systems, Internet and E-commerce Fundamentals |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCO 200 | English Communication | Ability Enhancement Compulsory Course (AECC) | 2 | Basics of Communication, Formal and Informal Communication, Written Communication Skills, Oral Communication Skills, Listening Skills, Presentation Skills |
| BCO 201 | Corporate Accounting | Core | 4 | Accounting for Shares and Debentures, Redemption of Debentures, Amalgamation and Absorption of Companies, Consolidated Financial Statements, Valuation of Goodwill and Shares |
| BCO 202 | Company Law | Core | 4 | Introduction to Company Law, Formation of a Company, Share Capital and Debentures, Management and Administration, Meetings, Winding Up of Companies |
| BCO 203 | Principles of Macro Economics | Core | 4 | Introduction to Macro Economics, National Income Accounting, Determination of Output and Employment, Inflation, Monetary and Fiscal Policy |
| BCO 204 | Business Mathematics | General Elective (Selected as relevant) | 4 | Ratio, Proportion and Percentage, Interest and Annuities, Matrices and Determinants, Differential Calculus Applications, Integral Calculus Applications, Linear Programming |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCO 300 | Computerized Accounting System | Skill Enhancement Course (SEC-I) (Selected as relevant) | 4 | Introduction to Tally ERP.9, Company Creation & Ledger Management, Voucher Entry & Reports, Inventory Management in Tally, Payroll & Basic Taxation Features, Financial Statement Generation |
| BCO 301 | Human Resource Management | Core | 4 | Introduction to HRM, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Appraisal, Compensation Management |
| BCO 302 | Income Tax Law and Practice | Core | 4 | Basic Concepts of Income Tax, Residential Status & Tax Liability, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital Gains, Income from Other Sources |
| BCO 303 | Business Statistics | Core | 4 | Introduction to Statistics, Data Collection and Presentation, Measures of Central Tendency and Dispersion, Correlation and Regression Analysis, Index Numbers, Time Series Analysis |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCO 400 | Entrepreneurship | Skill Enhancement Course (SEC-II) (Selected as relevant) | 4 | Introduction to Entrepreneurship, Idea Generation & Opportunity Assessment, Business Plan Preparation, Sources of Finance for Startups, Legal Aspects of Business, Marketing for Entrepreneurs |
| BCO 401 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Cost Concepts and Classifications, Material Costing, Labour Costing, Overhead Costing, Activity Based Costing, Budgetary Control |
| BCO 402 | Fundamentals of Financial Management | Core | 4 | Introduction to Financial Management, Time Value of Money, Capital Budgeting Decisions, Working Capital Management, Cost of Capital, Capital Structure |
| BCO 404 C | Indirect Tax Law | Discipline Specific Elective (DSE-I) (Taxation Specialization) | 4 | Introduction to Indirect Taxes, Central Excise Law, Customs Law, Service Tax Law, Value Added Tax (VAT) Law, Overview of Integrated Goods and Services Tax (IGST) |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCO 501 | Auditing and Corporate Governance | Core | 4 | Introduction to Auditing, Internal Control Systems, Audit of Financial Statements, Special Audits, Introduction to Corporate Governance, Role of Board of Directors |
| BCO 502 | Management Accounting | Core | 4 | Introduction to Management Accounting, Cost Volume Profit Analysis, Marginal Costing, Standard Costing and Variance Analysis, Budgetary Control, Responsibility Accounting |
| BCO 504 C | Direct Tax Law | Discipline Specific Elective (DSE-II) (Taxation Specialization) | 4 | Advance Tax, Tax Deducted at Source (TDS), Tax Collected at Source (TCS), Assessment Procedures, Appeals and Revisions, Penalties and Prosecutions, International Taxation Overview |
| BCO 505 C | Tax Planning | Discipline Specific Elective (DSE-III) (Taxation Specialization) | 4 | Introduction to Tax Planning, Tax Planning for Individuals, Tax Planning for Companies, Tax Planning for Capital Gains, Tax Planning with Reference to Setting Up New Business, Tax Avoidance vs. Tax Evasion |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCO 601 | GST (Goods and Services Tax) | Core | 4 | Introduction to GST, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, Registration, Accounts & Records and E-Way Bill, GST Payment, Returns, Refunds, Penalties & Offences |
| BCO 604 C | Goods and Services Tax (GST) | Discipline Specific Elective (DSE-IV) (Taxation Specialization) | 4 | Detailed GST Registration Procedures, Comprehensive Input Tax Credit Rules, Advanced Time and Value of Supply concepts, GST Returns Filing and Reconciliation, GST Assessment and Audit Processes, GST Refunds, Demands, and Appeals |
| BCO 605 B | Computerized Accounting System | Discipline Specific Elective (DSE-V) (Selected as most relevant for Taxation) | 4 | Advanced Tally Features (Multi-currency, cost centers), Payroll Accounting and Compliance in Tally, Integrated GST Compliance and Reporting in Tally, Financial Reporting & Analysis using Tally, Data Security, Backup and Restore in Accounting Software, Customization and Automation in Accounting Systems |
| BCO 606 | Project Work | Project | 4 | Identification of Research Problem, Literature Review and Research Design, Data Collection and Analysis, Report Writing and Presentation, Ethical Considerations in Research, Project Implementation and Evaluation |
