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B-COM in Taxation at Kalinga University
Raipur, Chhattisgarh
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About the Specialization
What is Taxation at Kalinga University Raipur?
This Taxation specialization program at Kalinga University, Raipur, focuses on equipping students with comprehensive knowledge of Indian tax laws and practices. It delves into direct and indirect taxes, preparing graduates for a dynamic career in a field critical to India''''s economic framework. The program''''s design emphasizes practical application and understanding the nuances of the Indian tax system, catering to the significant demand for skilled tax professionals.
Who Should Apply?
This program is ideal for fresh 10+2 graduates seeking entry into the finance and accounting domain with a specific focus on taxation. It also benefits commerce graduates looking to specialize in tax compliance and advisory roles, and those aiming for professional certifications like CA or CS. Individuals with a keen analytical mind and an interest in financial regulations will find this specialization particularly rewarding for their career trajectory.
Why Choose This Course?
Graduates of this program can expect to pursue career paths such as Tax Consultant, GST Practitioner, Income Tax Officer, Auditor, or Accountant in India. Entry-level salaries typically range from INR 2.5 Lakhs to 4 Lakhs per annum, with significant growth potential up to INR 8-15 Lakhs for experienced professionals in leading Indian firms. The specialization provides a strong foundation for advanced studies and certifications in taxation.
Student Success Practices
Foundation Stage
Build Strong Accounting & Legal Fundamentals- (Semester 1-2)
Focus diligently on Financial Accounting, Cost Accounting, and Company Law. These subjects form the bedrock for advanced taxation. Regularly solve practical problems from textbooks and supplementary materials, and understand the basic legal frameworks governing businesses in India.
Tools & Resources
ICAI study materials (for fundamental concepts), Bare Acts for Company Law, accounting software tutorials (e.g., Tally for basic understanding)
Career Connection
A solid understanding of these fundamentals is essential for any finance role, especially in tax compliance, ensuring accuracy and legal adherence in future professional roles.
Develop Business Communication & IT Skills- (Semester 1-2)
Actively participate in business communication exercises and presentations. Master essential computer applications like MS Office (Excel for data analysis) and basic business software. Practical application of these tools will be crucial for reporting and analysis.
Tools & Resources
LinkedIn Learning/Coursera courses on Excel and professional communication, official MS Office tutorials, college computer labs
Career Connection
Strong communication and IT proficiency are non-negotiable for professional success, enabling effective client interaction, data management, and report generation in taxation careers.
Engage in Peer Learning & Group Studies- (Semester 1-2)
Form study groups with peers to discuss complex concepts in Business Economics and Statistics. Teaching and explaining topics to others reinforces your own understanding and helps in collaborative problem-solving, which is a key skill in professional environments.
Tools & Resources
Whiteboards, online collaboration tools, library resources, faculty consultation sessions
Career Connection
Enhances analytical thinking, teamwork, and communication skills, preparing you for collaborative projects and discussions commonly found in accounting and finance teams.
Intermediate Stage
Master Income Tax & GST Application- (Semester 3-5)
Deep dive into ''''Income Tax Law and Practice'''' and ''''GST''''. Solve numerous case studies and practical problems related to direct and indirect taxes. Stay updated with budget changes and amendments to tax laws, which are frequent in India. Utilize tax calculators and software.
Tools & Resources
Income Tax Act, GST Act, official government websites (incometax.gov.in, cbic.gov.in), Taxmann/Commercial tax publications, Tally with GST features
Career Connection
Directly prepares you for roles as a tax preparer, GST consultant, or tax auditor, providing essential expertise demanded by businesses and individuals.
Seek Internships in Accounting/Tax Firms- (Semester 4-5)
Actively search for and undertake internships with local accounting firms, C.A. offices, or company finance departments during breaks. Gain hands-on experience in bookkeeping, tax filing, and compliance processes. This exposure is invaluable for practical learning.
Tools & Resources
College placement cell, internship portals (Internshala, Naukri), professional networking
Career Connection
Provides practical exposure to the Indian taxation industry, builds a professional network, and significantly enhances resume value for future job placements.
Participate in Workshops & Professional Certifications- (Semester 3-5)
Attend workshops on advanced accounting software (like SAP FICO fundamentals) or specific tax modules. Consider pursuing introductory professional certifications related to accounting or taxation, such as NISM modules or certifications offered by professional bodies in India.
Tools & Resources
NISM certifications, online platforms like Udemy/Coursera for specialized courses, industry seminars
Career Connection
Differentiates your profile, demonstrates proactive learning, and equips you with specialized skills highly valued by employers in the Indian financial sector.
Advanced Stage
Focus on Project Work & Viva-Voce Excellence- (Semester 6)
Dedicate significant effort to your final year project or dissertation, especially if it relates to a taxation topic. Conduct thorough research, data analysis, and present your findings professionally. Prepare comprehensively for the comprehensive viva-voce, reviewing all core subjects.
Tools & Resources
Research journals, statistical software (e.g., SPSS basics), presentation tools, faculty mentors
Career Connection
Develops independent research skills, critical thinking, and the ability to articulate complex financial information, crucial for higher-level roles and interviews.
Intensive Placement & Interview Preparation- (Semester 6)
Begin rigorous preparation for placements well in advance. Practice aptitude tests, group discussions, and mock interviews focusing on accounting, taxation, and general business knowledge. Tailor your resume and cover letter to specific job roles in the Indian finance industry.
Tools & Resources
Online aptitude platforms (IndiaBix), mock interview platforms, company websites for current affairs, college placement cell workshops
Career Connection
Maximizes chances of securing desirable job offers in leading accounting firms, banks, and corporate finance departments across India, ensuring a smooth transition into employment.
Network with Industry Professionals & Alumni- (Semester 6)
Actively participate in career fairs, alumni meet-ups, and professional body events (e.g., ICAI, ICSI student chapters). Build a professional network which can open doors to mentorship, job opportunities, and insights into the latest industry trends in the Indian market.
Tools & Resources
LinkedIn, college alumni network, industry conferences
Career Connection
Establishes valuable connections that can aid in job search, career progression, and staying abreast of the evolving landscape of taxation and finance in India.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 Examination with Commerce/ Maths/ Economics stream or equivalent from a recognized board/ university.
Duration: 3 years (6 semesters)
Credits: 132 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM101 | Environmental Studies | Core | 4 | Multidisciplinary Nature of Environmental Studies, Ecosystems, Natural Resources, Environmental Pollution, Social Issues and the Environment, Human Population and the Environment |
| BCOM102 | Business Communication | Core | 4 | Introduction to Communication, Types of Business Communication, Oral Communication, Written Communication, Presentation Skills, Business Etiquette |
| BCOM103 | Financial Accounting-I | Core | 4 | Introduction to Accounting, Accounting Principles, Journal and Ledger, Trial Balance, Final Accounts, Accounting for Non-Profit Organizations |
| BCOM104 | Business Economics | Core | 4 | Introduction to Business Economics, Demand and Supply Analysis, Theory of Production, Cost Analysis, Market Structures, Pricing Policies |
| BCOM105 | Business Mathematics | Core | 4 | Basic Mathematics for Business, Commercial Arithmetic, Set Theory, Matrices and Determinants, Calculus (Differentiation and Integration), Financial Mathematics |
| BCOM106 | Computer Applications in Business | Core | 2 | Introduction to Computers, Operating Systems, MS Office (Word, Excel, PowerPoint), Internet and E-commerce, Data Management, Business Software |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM201 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Cost Concepts and Classification, Material Costing, Labour Costing, Overhead Costing, Costing Methods |
| BCOM202 | Company Law | Core | 4 | Introduction to Company Law, Incorporation of Companies, Share Capital and Debentures, Management and Administration, Meetings, Winding Up |
| BCOM203 | Principles of Management | Core | 4 | Introduction to Management, Planning, Organizing, Staffing, Directing, Controlling |
| BCOM204 | Financial Accounting-II | Core | 4 | Departmental Accounts, Branch Accounts, Hire Purchase and Instalment System, Partnership Accounts (Admission, Retirement, Death), Dissolution of Partnership Firm |
| BCOM205 | Business Statistics | Core | 4 | Introduction to Statistics, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers, Time Series Analysis |
| BCOM206 | Skill Enhancement Course (Basic IT) | Skill Enhancement | 2 | Computer Hardware Basics, Software Applications, Data Security, Troubleshooting, Ethical Use of IT |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM301 | Corporate Accounting | Core | 4 | Accounting for Shares, Accounting for Debentures, Underwriting, Valuation of Shares, Amalgamation, Absorption and Reconstruction |
| BCOM302 | Income Tax Law and Practice-I | Core | 4 | Basic Concepts of Income Tax, Residential Status, Exempted Incomes, Income from Salaries, Income from House Property, Computation of Total Income |
| BCOM303 | Banking and Insurance | Core | 4 | Introduction to Banking, Commercial Banks, Reserve Bank of India, Negotiable Instruments, Principles of Insurance, Types of Insurance |
| BCOM304 | E-Commerce | Core | 4 | Introduction to E-commerce, Business Models, E-Payment Systems, E-Security, E-Marketing, Legal and Ethical Issues in E-commerce |
| BCOM305 | Macro Economics | Core | 4 | National Income, Theory of Employment, Money and Inflation, Business Cycles, Fiscal Policy, Monetary Policy |
| BCOM306 | Skill Enhancement Course (Tally) | Skill Enhancement | 2 | Introduction to Tally, Company Creation, Ledgers and Vouchers, Inventory Management, Payroll, GST in Tally |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM401 | Auditing | Core | 4 | Introduction to Auditing, Types of Audit, Audit Planning, Internal Control, Audit of Different Entities, Auditor''''s Report |
| BCOM402 | Income Tax Law and Practice-II | Core | 4 | Income from Business or Profession, Capital Gains, Income from Other Sources, Clubbing of Income, Set-off and Carry Forward of Losses, Assessment of Individuals |
| BCOM403 | Industrial Law | Core | 4 | Factories Act, Industrial Disputes Act, Trade Unions Act, Employee''''s Compensation Act, Payment of Wages Act, Provident Fund Act |
| BCOM404 | Entrepreneurship Development | Core | 4 | Concept of Entrepreneurship, Entrepreneurial Process, Business Idea Generation, Business Plan, Sources of Finance, Government Policies for SMEs |
| BCOM405 | Indian Financial System | Core | 4 | Structure of Indian Financial System, Money Market, Capital Market, Financial Institutions, SEBI, Mutual Funds |
| BCOM406 | Skill Enhancement Course (Advanced Excel) | Skill Enhancement | 2 | Advanced Formulas and Functions, Data Validation, Pivot Tables, Charts and Graphs, Data Analysis Tools, Macros |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM501 | GST (Goods & Services Tax) | Core | 4 | Introduction to GST, GST Registration, Input Tax Credit, Time and Value of Supply, Levy and Collection of GST, Returns and Refunds |
| BCOM502 | Financial Management | Core | 4 | Introduction to Financial Management, Time Value of Money, Capital Budgeting, Cost of Capital, Working Capital Management, Dividend Policy |
| BCOM503 | Marketing Management | Core | 4 | Introduction to Marketing, Marketing Environment, Market Segmentation, Product Life Cycle, Pricing Strategies, Promotion Mix |
| BCOM504 | Elective-I (International Business Environment) | Elective | 4 | Introduction to International Business, Theories of International Trade, Multinational Corporations, Global Financial Markets, International Marketing, Foreign Exchange Management |
| BCOM505 | Elective-II (Management Accounting) | Elective | 4 | Introduction to Management Accounting, Budgeting, Standard Costing, Marginal Costing, Fund Flow Statement, Cash Flow Statement |
| BCOM506 | Project Work/Dissertation | Project | 2 | Research Design, Data Collection, Data Analysis, Report Writing, Presentation, Viva-Voce |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM601 | Goods & Services Tax and Customs Duty | Core | 4 | GST Council and Administration, GST Returns and Assessment, Customs Act, Valuation for Customs Duty, Baggage and Duty Drawback, Integrated GST and Compensation Cess |
| BCOM602 | Research Methodology | Core | 4 | Introduction to Research, Research Design, Sampling, Data Collection Methods, Data Analysis, Report Writing |
| BCOM603 | Human Resource Management | Core | 4 | Introduction to HRM, HR Planning, Recruitment and Selection, Training and Development, Performance Appraisal, Compensation Management |
| BCOM604 | Elective-III (Financial Markets and Institutions) | Elective | 4 | Financial System Structure, Capital Market Instruments, Money Market Instruments, Financial Intermediaries, SEBI, Financial Reforms |
| BCOM605 | Elective-IV (Fundamentals of Investment) | Elective | 4 | Investment Avenues, Risk and Return, Equity Analysis, Debt Instruments, Portfolio Management, Mutual Funds |
| BCOM606 | Viva-Voce (Comprehensive) | Project | 2 | Comprehensive assessment of B.Com learning, Subject knowledge, Communication skills, Critical thinking, Problem-solving, General awareness |
