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B-COM in Taxation at JAIN (Deemed-to-be University)
Bengaluru, Karnataka
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About the Specialization
What is Taxation at JAIN (Deemed-to-be University) Bengaluru?
This B.Com Taxation program at JAIN University focuses on equipping students with a profound understanding of India''''s complex tax laws, including direct and indirect taxes. The curriculum is designed to meet the evolving demands of the Indian financial and corporate sector, fostering expertise in income tax, GST, customs, and international taxation. It stands out by integrating theoretical knowledge with practical application relevant to the country''''s economic framework.
Who Should Apply?
This program is ideal for 10+2 graduates aspiring for a career in tax consulting, financial advisory, or corporate finance departments. It also suits individuals seeking to pursue professional certifications like CA, CS, or CMA, providing a strong foundational knowledge. Ambitious students with a keen interest in understanding fiscal policies and their impact on businesses will find this specialization particularly rewarding.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including Tax Consultant, Auditor, Financial Analyst, and Compliance Officer. Entry-level salaries typically range from INR 3.5 to 6.5 lakhs per annum, with experienced professionals earning significantly more. The program aligns well with advanced professional certifications, offering a solid base for growth trajectories in major Indian tax firms, accounting practices, and multinational corporations.
Student Success Practices
Foundation Stage
Master Core Accounting and Business Fundamentals- (Semester 1-2)
Dedicate time to thoroughly understand Financial Accounting, Principles of Management, and Business Economics. Utilize online resources like NPTEL courses for foundational concepts and practice problems daily. Form study groups to discuss complex topics and clarify doubts, building a strong academic base for advanced subjects.
Tools & Resources
NPTEL, Khan Academy (for foundational accounting), JAIN University Library Resources
Career Connection
A solid grasp of these fundamentals is crucial for understanding advanced financial and tax concepts, directly impacting your ability to excel in internships and entry-level finance or accounting roles.
Develop Digital Fluency and Business Communication- (Semester 1-2)
Actively engage in the Digital Fluency course, focusing on practical application of MS Office tools and cyber security best practices. Simultaneously, hone English communication skills through presentations, group discussions, and business writing exercises. Practice articulating ideas clearly and concisely, which is vital for professional interactions.
Tools & Resources
Microsoft Office Suite, LinkedIn Learning, Toastmasters Club (if available at university)
Career Connection
Strong digital and communication skills are universally valued by employers, enhancing your chances of securing internships and performing effectively in any business environment, especially client-facing roles in taxation.
Engage with Departmental Workshops and Seminars- (Semester 1-2)
Attend all departmental workshops, guest lectures, and introductory seminars related to commerce and business. These events often provide insights into industry trends, career paths, and networking opportunities. Take notes and ask questions to deepen your understanding beyond the textbook.
Tools & Resources
JAIN University Commerce Department Notices, Eventbrite (for local industry events)
Career Connection
Early exposure to industry perspectives helps in informed career planning and builds a network, which is vital for future placements and professional development in the Indian market.
Intermediate Stage
Excel in Taxation Core Subjects and Certifications- (Semester 3-5)
Focus intensely on ''''Income Tax - I & II'''' and ''''GST: Theory and Practice''''. Supplement classroom learning with practical problem-solving using current year tax acts and rules. Consider pursuing online certification courses in GST or Income Tax offered by platforms like ICAI or tax academies to gain a competitive edge.
Tools & Resources
Income Tax Act Books, GST Act Books, ICAI Certificates, Taxmann Online
Career Connection
Mastery in taxation subjects and relevant certifications are direct pathways to roles as Tax Analysts, Compliance Officers, and Junior Tax Consultants in Indian accounting firms and corporate finance departments.
Gain Practical Software Proficiency (Tally Prime)- (Semester 3-5)
Actively practice and achieve proficiency in accounting and taxation software like Tally Prime, especially through the ''''Advanced Tally Prime'''' course. Understand how to manage ledgers, generate financial statements, and handle GST computations. Seek opportunities for practical data entry or simulation exercises.
Tools & Resources
Tally Prime Software, Official Tally Training Modules, YouTube Tutorials
Career Connection
Practical software skills are indispensable for most accounting and taxation roles in India, making you immediately employable and efficient. It significantly boosts your resume for roles requiring hands-on tax compliance.
Participate in Inter-Collegiate Competitions and Quizzes- (Semester 3-5)
Engage in inter-collegiate commerce, accounting, and tax-related quizzes, debates, and case study competitions. This not only enhances your knowledge and quick thinking but also builds confidence and presentation skills. These experiences are valuable resume builders.
Tools & Resources
College Commerce Clubs, Youth4Work, Indian Accounting Association events
Career Connection
Participating in competitions demonstrates initiative, problem-solving abilities, and teamwork, attributes highly sought after by employers for various roles in the finance and taxation sector.
Advanced Stage
Undertake Specialised Internships and Live Projects- (Semester 6)
Actively seek and complete internships with tax consulting firms, chartered accountant offices, or corporate finance departments during breaks. Focus on applying theoretical knowledge to real-world scenarios, understanding compliance procedures, and contributing to live projects. Build a portfolio of your work.
Tools & Resources
JAIN University Placement Cell, LinkedIn, Internshala, Company Websites
Career Connection
Internships are critical for gaining practical experience, networking, and often lead to pre-placement offers, significantly easing your entry into the Indian job market as a tax professional.
Focus on Project Work and Research in Taxation- (Semester 6)
Choose your final year project on a contemporary and relevant topic in Indian taxation (e.g., GST implications on a specific industry, comparative analysis of tax regimes). Conduct thorough research, data analysis, and present your findings professionally. This showcases your in-depth understanding and research capabilities.
Tools & Resources
JAIN University Research Guides, J-Gate, ProQuest, Taxmann Journals
Career Connection
A well-executed project demonstrates independent research, analytical skills, and specialized knowledge, making you a more attractive candidate for research-oriented roles or advanced studies in taxation.
Prepare Rigorously for Placements and Professional Exams- (Semester 6)
Begin placement preparation early by attending career workshops, mock interviews, and resume building sessions. Simultaneously, if aspiring for CA, CS, or CMA, start preparing for the foundation/intermediate levels. Network with alumni for insights and mentorship on career paths in India.
Tools & Resources
JAIN University Career Services, Online Interview Platforms, Professional Body Study Materials
Career Connection
Proactive preparation for placements and professional exams is paramount for securing desired job roles in top Indian companies and ensuring long-term career growth in the competitive finance and taxation industry.
Program Structure and Curriculum
Eligibility:
- 10+2 from PUC / ISC / CBSE or equivalent Board
Duration: 3 years / 6 semesters
Credits: 150 Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21BCOM1C01 | Language I - English | Core (Ability Enhancement) | 3 | Communication Skills, Grammar and Vocabulary, Comprehension and Writing, Presentation Techniques, Business Correspondence |
| 21BCOM1AXX | Language II - Kannada/Sanskrit/Hindi/French/German | Core (Ability Enhancement) | 3 | Basic Grammar and Syntax, Conversational Practice, Reading and Writing, Cultural Understanding, Language Usage |
| 21BCOM1C02 | Financial Accounting | Core | 4 | Accounting Concepts and Principles, Journal and Ledger, Trial Balance and Final Accounts, Depreciation Accounting, Consignment and Joint Venture |
| 21BCOM1C03 | Principles of Management | Core | 4 | Nature and Scope of Management, Planning and Decision Making, Organizing and Staffing, Directing and Motivation, Controlling and Coordination |
| 21BCOM1C04 | Business Economics | Core | 4 | Microeconomics Fundamentals, Demand and Supply Analysis, Production and Cost Analysis, Market Structures and Pricing, Introduction to Macroeconomics |
| 21BCOM1S01 | Digital Fluency | Elective (Skill Enhancement) | 2 | Digital Devices and Systems, Internet and Web Technologies, Cyber Security and Ethics, Productivity Tools (MS Office), Digital Citizenship and Society |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21BCOM2C01 | Language I - English | Core (Ability Enhancement) | 3 | Advanced Grammar and Usage, Report Writing and Drafting, Business Communication Strategies, Public Speaking and Debating, Literary Appreciation |
| 21BCOM2AXX | Language II - Kannada/Sanskrit/Hindi/French/German | Core (Ability Enhancement) | 3 | Intermediate Grammar and Composition, Cultural Texts and Readings, Translation Skills, Advanced Conversational Practice, Regional Literature |
| 21BCOM2C02 | Corporate Accounting | Core | 4 | Share Capital and Debentures, Company Final Accounts, Amalgamation and Absorption, Valuation of Goodwill and Shares, Internal Reconstruction |
| 21BCOM2C03 | Business Law | Core | 4 | Indian Contract Act 1872, Sale of Goods Act 1930, Consumer Protection Act 2019, Company Law Fundamentals, Negotiable Instruments Act 1881 |
| 21BCOM2C04 | Business Statistics | Core | 4 | Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Probability Distribution, Index Numbers and Time Series |
| 21BCOM2A05 | Environmental Studies | Core (Ability Enhancement) | 2 | Ecosystems and Biodiversity, Natural Resources Management, Environmental Pollution, Global Environmental Issues, Sustainable Development |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21BCOM3C01 | Indian Financial System | Core | 4 | Financial Markets and Instruments, Financial Institutions in India, Role of RBI and SEBI, Capital Market Operations, Money Market Dynamics |
| 21BCOM3C02T | Income Tax - I | Core (Taxation Specialization) | 4 | Basic Concepts of Income Tax, Residential Status and Tax Liability, Exempted Incomes, Income from Salaries, Income from House Property |
| 21BCOM3C03 | Cost Accounting | Core | 4 | Cost Concepts and Classifications, Elements of Cost, Cost Sheet Preparation, Material Costing, Labour Costing and Overhead Costing |
| 21BCOM3C04 | Quantitative Techniques for Business | Core | 4 | Linear Programming, Transportation Problem, Assignment Problem, Network Analysis (PERT/CPM), Decision Theory |
| 21BCOM3S04 | GST: Theory and Practice | Elective (Skill Enhancement) | 2 | Introduction to GST, GST Registration and Procedure, Input Tax Credit Mechanism, GST Returns and Compliance, E-Way Bill and Composition Scheme |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21BCOM4C01 | Banking & Insurance | Core | 4 | Commercial Banking Operations, Role of Central Bank (RBI), E-Banking and Digital Payments, Types of Insurance and Principles, IRDAI and Risk Management |
| 21BCOM4C02T | Income Tax - II | Core (Taxation Specialization) | 4 | Profits & Gains of Business/Profession, Capital Gains, Income from Other Sources, Clubbing of Income and Set-off of Losses, Deductions from Gross Total Income |
| 21BCOM4C03 | Advanced Corporate Accounting | Core | 4 | Internal and External Reconstruction, Liquidation of Companies, Banking Companies Accounts, Insurance Companies Accounts, Consolidated Financial Statements |
| 21BCOM4C04 | Financial Management | Core | 4 | Financial Management Objectives, Capital Structure Decisions, Working Capital Management, Dividend Policy Decisions, Capital Budgeting Techniques |
| 21BCOM4S02 | Advanced Tally Prime | Elective (Skill Enhancement) | 2 | Advanced Voucher Entry, Inventory Management in Tally, Payroll Management in Tally, GST Compliance in Tally, Data Backup and Security |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21BCOM5C01 | Corporate Law | Core | 4 | Company Formation and Incorporation, Memorandum and Articles of Association, Share Capital and Debentures, Company Meetings and Resolutions, Directors and Key Managerial Personnel |
| 21BCOM5C02T | Indirect Taxes - I | Core (Taxation Specialization) | 4 | Customs Act 1962, Basic Concepts of Customs Duty, Valuation under Customs Act, Types of Duties, Import and Export Procedures |
| 21BCOM5C03 | Auditing | Core | 4 | Concepts and Objectives of Auditing, Types of Audit, Audit Planning and Procedures, Vouching and Verification, Audit Report and Professional Ethics |
| 21BCOM5DT01 | Direct Tax Planning & Management | Elective (Discipline Specific - Taxation) | 4 | Concepts of Tax Planning, Tax Avoidance vs. Tax Evasion, Corporate Tax Planning Strategies, Tax Management Techniques, Case Studies in Direct Tax |
| 21BCOM5DT02 | International Taxation | Elective (Discipline Specific - Taxation) | 4 | Double Taxation Avoidance Agreements, Transfer Pricing Principles, OECD Model Convention, Taxation of Non-Residents, BEPS Action Plan |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21BCOM6C01 | Entrepreneurship Development | Core | 4 | Concept of Entrepreneurship, Business Plan Preparation, Startup Ecosystem in India, Sources of Funding for Startups, Innovation and Creativity |
| 21BCOM6C02T | Indirect Taxes - II | Core (Taxation Specialization) | 4 | Goods and Services Tax (GST) Act, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit Mechanism, GST Returns and E-filing |
| 21BCOM6C03 | Management Accounting | Core | 4 | Financial Statement Analysis, Ratio Analysis, Fund Flow and Cash Flow Statements, Budgetary Control, Standard Costing and Variance Analysis |
| 21BCOM6DT01 | Tax Procedures & Practice | Elective (Discipline Specific - Taxation) | 4 | Income Tax Authorities, Appeals and Revisions, Penalties and Prosecutions, Assessment Procedures, E-filing of Income Tax Returns |
| 21BCOM6DT02 | Computerized Accounting & Taxation | Elective (Discipline Specific - Taxation) | 4 | Accounting Software Packages, Tally ERP for Taxation, E-filing Tools and Techniques, Data Management and Security, GST Software Integration |
| 21BCOM6C04 | Project Work | Project | 4 | Research Methodology, Data Collection and Analysis, Report Writing and Formatting, Presentation Skills, Project Management |
