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BACHELOR-OF-COMMERCE in Taxation at Janata Shikshana Sangha's Shri Tammannappa Chikodi Arts & Commerce College, Banahatti
Bagalkot, Karnataka
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About the Specialization
What is Taxation at Janata Shikshana Sangha's Shri Tammannappa Chikodi Arts & Commerce College, Banahatti Bagalkot?
This Bachelor of Commerce with Taxation specialization program at Janata Shikshan Sangha''''s Shree Tammannappa Chikodi Arts and Commerce College, Banahatti, focuses on developing expertise in direct and indirect taxation systems prevalent in India. It delves deep into Income Tax, Goods and Services Tax (GST), and other related financial regulations, equipping students with essential skills for compliance and strategic tax planning in the dynamic Indian economy. The program emphasizes practical application and current statutory frameworks.
Who Should Apply?
This program is ideal for 10+2 graduates with a keen interest in finance, accounting, and legal frameworks, aspiring to build a career in taxation. It also suits individuals seeking to become tax consultants, financial analysts specializing in tax, or those looking to join corporate finance departments. Students with strong analytical abilities and attention to detail will find this specialization particularly rewarding and aligned with their career ambitions.
Why Choose This Course?
Graduates of this program can expect to secure roles as Tax Consultants, Tax Auditors, GST Practitioners, Accountants, or Finance Executives in Indian companies and consulting firms. Entry-level salaries typically range from INR 2.5 Lakhs to 4.5 Lakhs per annum, with experienced professionals earning significantly more. The strong foundation in tax laws also prepares students for professional certifications like CA, CS, or CMA, opening advanced growth trajectories in the Indian corporate sector.
Student Success Practices
Foundation Stage
Master Accounting and Economic Fundamentals- (Semester 1-2)
Focus intently on understanding core accounting principles, financial statement preparation, and basic economic theories in Semesters 1 and 2. Utilize textbooks, classroom lectures, and practice problems regularly. This strong base is crucial for grasping advanced financial and taxation concepts later.
Tools & Resources
Textbooks, Class Notes, Online Accounting tutorials (e.g., ICAI resources for foundational concepts), Peer study groups
Career Connection
A solid foundation is indispensable for all commerce-related careers, including taxation, ensuring accuracy in financial reporting and compliance.
Develop Strong Analytical and Problem-Solving Skills- (Semester 1-2)
Engage actively in solving numerical problems in Financial Accounting, Business Economics, and Business Statistics. Participate in class discussions and take on additional practice questions to hone analytical thinking. Focus on understanding the logic behind calculations and legal provisions.
Tools & Resources
Practice workbooks, Online quizzes, Faculty mentorship
Career Connection
Taxation involves complex calculations and legal interpretations; strong analytical skills are vital for accurate tax assessment and planning, critical for roles in tax advisory.
Enhance Communication and Professional English- (Semester 1-2)
Actively participate in English language classes, focusing on business communication, report writing, and presentation skills. Read business newspapers like The Economic Times or Business Standard to improve vocabulary and comprehension of economic news. Practice formal communication.
Tools & Resources
Newspapers (Economic Times), Grammar and Communication Apps, College language labs
Career Connection
Effective communication is essential for client interaction, drafting tax reports, and explaining complex tax provisions in professional settings.
Intermediate Stage
Deep Dive into Income Tax Laws and Provisions- (Semester 3-4)
In Semesters 3 and 4, pay meticulous attention to Income Tax - I and II. Focus on understanding each head of income, deductions, and assessment procedures as per the Income Tax Act. Solve numerous practical problems from various authors and case studies to understand application.
Tools & Resources
Bare Act of Income Tax, Reference books by Vinod Gupta/Girish Ahuja, Taxmann''''s modules
Career Connection
Mastering Income Tax is fundamental for any taxation role, preparing students for roles as tax preparers, advisors, or internal tax compliance officers.
Gain Practical Exposure with Computerized Accounting- (Semester 4-5)
Actively learn and practice computerized accounting software like Tally.ERP 9. Focus on features related to ledger creation, voucher entry, financial reporting, and particularly GST compliance within the software. Seek opportunities for practical demonstrations or workshops.
Tools & Resources
Tally software, Online Tally tutorials, College computer lab sessions
Career Connection
Proficiency in Tally is a high-demand skill in the Indian job market for accountants and tax practitioners, directly aiding in placements in SMEs and larger firms.
Participate in Skill-Based Workshops and Seminars- (Semester 3-5)
Attend workshops organized by the college or local professional bodies (e.g., ICAI, ICSI chapters) on topics like ''''Excel for Accountants,'''' ''''GST Filing,'''' or ''''Basic Auditing.'''' This builds practical skills beyond the curriculum and offers networking opportunities.
Tools & Resources
College workshop announcements, ICAI/ICSI student chapters, LinkedIn for industry events
Career Connection
Such skills are directly applicable in the workplace, enhancing employability and allowing students to contribute effectively from day one in taxation and accounting roles.
Advanced Stage
Master Goods and Services Tax (GST) Implementation- (Semester 5-6)
Dedicate significant effort to understanding GST - I and II in Semesters 5 and 6. Focus on concepts of supply, input tax credit, registration, and return filing. Study recent amendments and case laws. Practical understanding of GST portals will be invaluable.
Tools & Resources
Bare Act of CGST/SGST, GSTN portal for practical understanding, Online courses on GST compliance
Career Connection
GST expertise is highly sought after across all industries in India. This skill directly opens doors to roles as GST practitioners, compliance managers, and tax consultants.
Undertake a Relevant Project Work or Internship- (Semester 6)
Choose a final year project or internship focused on taxation (e.g., ''''A Study on GST Impact on SMEs'''' or ''''Tax Planning for Individuals''''). This provides hands-on experience, applies theoretical knowledge, and develops research and presentation skills crucial for professional roles.
Tools & Resources
College placement cell, Local CA firms, Online internship platforms like Internshala
Career Connection
Practical experience through internships is often a prerequisite for employment and significantly boosts placement chances by demonstrating real-world application of taxation knowledge.
Prepare for Professional Certifications and Interviews- (Semester 5-6)
Alongside final year studies, begin preparing for entrance exams of professional courses like CA, CMA, or CS, or focus on general aptitude and interview skills. Practice mock interviews, refine your resume, and understand common taxation interview questions. Network with alumni.
Tools & Resources
Coaching institutes for professional courses, Online interview preparation resources, Alumni network
Career Connection
Early preparation for professional exams or job interviews significantly improves the likelihood of securing high-quality placements or pursuing advanced professional qualifications in taxation.
Program Structure and Curriculum
Eligibility:
- Pass in PUC II / 10+2 or equivalent examination from a recognized board.
Duration: 3 years / 6 semesters
Credits: Credits not specified
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC101 | Financial Accounting - I | Core | 4 | Introduction to Accounting, Accounting Principles, Recording Transactions, Final Accounts of Sole Proprietorship, Consignment Accounts |
| BC102 | Business Economics - I | Core | 4 | Nature of Business Economics, Demand Analysis, Supply Analysis, Production Function, Cost Concepts |
| BC103 | Indian Financial System | Core | 4 | Overview of Indian Financial System, Financial Markets, Financial Institutions, Money Market, Capital Market |
| GE101 | English Language | Compulsory Language | 2 | Grammar and Composition, Business Communication, Reading Comprehension, Writing Skills, Soft Skills |
| MIL101 | Kannada / Modern Indian Language (MIL) | Compulsory Language | 2 | Grammar, Prose and Poetry, Composition, Cultural Aspects |
| AECC101 | Constitution of India | Ability Enhancement Compulsory Course | 2 | Preamble and Basic Features, Fundamental Rights and Duties, Directive Principles, Union and State Government, Elections and Amendments |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC201 | Financial Accounting - II | Core | 4 | Departmental Accounts, Branch Accounts, Hire Purchase Accounts, Instalment Purchase Accounts, Partnership Accounts - Admission |
| BC202 | Business Economics - II | Core | 4 | Market Structures, Pricing Strategies, Factor Pricing, National Income, Business Cycles |
| BC203 | Corporate Administration | Core | 4 | Company Formation, Memorandum and Articles of Association, Share Capital, Debentures, Company Meetings |
| GE201 | English Language | Compulsory Language | 2 | Advanced Grammar, Report Writing, Presentation Skills, Group Discussions, Public Speaking |
| MIL201 | Kannada / Modern Indian Language (MIL) | Compulsory Language | 2 | Advanced Literature, Literary Criticism, Translation, Regional Writings |
| AECC201 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Ecosystems, Biodiversity, Environmental Pollution, Natural Resources, Environmental Management |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC301 | Corporate Accounting - I | Core | 4 | Company Accounts - Issue of Shares, Forfeiture and Reissue, Redemption of Preference Shares, Redemption of Debentures, Amalgamation of Companies |
| BC302 | Income Tax - I (Taxation Specialization Focus) | Core | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries, Income from House Property, Deductions from Gross Total Income |
| BC303 | Business Statistics | Core | 4 | Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Regression Analysis, Index Numbers |
| BC304 | Banking Law and Operations | Core | 4 | Banking Regulations, Types of Banks, Customer Relationships, Negotiable Instruments, Digital Banking |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC401 | Corporate Accounting - II | Core | 4 | Company Final Accounts, Valuation of Goodwill, Valuation of Shares, Internal Reconstruction, Liquidation of Companies |
| BC402 | Income Tax - II (Taxation Specialization Focus) | Core | 4 | Profits and Gains of Business or Profession, Capital Gains, Income from Other Sources, Clubbing of Income, Set-off and Carry Forward of Losses |
| BC403 | Cost Accounting - I | Core | 4 | Introduction to Cost Accounting, Elements of Cost, Material Costing, Labour Costing, Overheads |
| BC404 | Financial Management | Core | 4 | Introduction to Financial Management, Capital Budgeting, Working Capital Management, Cost of Capital, Leverage |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC501 | Management Accounting | Core | 4 | Introduction to Management Accounting, Financial Statement Analysis, Funds Flow Statement, Cash Flow Statement, Ratio Analysis |
| BC502 | Goods and Services Tax (GST) - I (Taxation Specialization Focus) | Core | 4 | Introduction to GST, Concept of Supply, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit |
| BC503 | Auditing | Core | 4 | Introduction to Auditing, Types of Audit, Internal Control, Vouching and Verification, Audit Report |
| DSE501A | Advanced Corporate Accounting (Taxation Related Elective) | Discipline Specific Elective (DSE) | 4 | Accounting for Banking Companies, Accounting for Insurance Companies, Accounting for Government Companies, Investment Accounts, AS and Ind AS Overview |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC601 | Cost Accounting - II | Core | 4 | Methods of Costing (Job, Batch, Contract), Process Costing, Standard Costing, Budgetary Control, Marginal Costing |
| BC602 | Goods and Services Tax (GST) - II (Taxation Specialization Focus) | Core | 4 | Registration under GST, Accounts and Records, Tax Invoice, Debit and Credit Notes, Returns under GST, Refunds and E-way Bills |
| BC603 | Entrepreneurship Development | Core | 4 | Concept of Entrepreneurship, Types of Entrepreneurs, Business Plan Formulation, Sources of Finance, Government Support for SMEs |
| DSE601A | Computerized Accounting (Tally) (Skill Enhancement Course) | Skill Enhancement Course (SEC) | 4 | Introduction to Tally, Company Creation and Features, Ledger and Voucher Entries, Inventory Management, GST in Tally and Report Generation |
| PROJ601 | Project Work / Internship | Project | 4 | Research Methodology, Data Collection and Analysis, Report Writing, Presentation Skills, Industry Application |
