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BACHELOR-OF-COMMERCE in Taxation at Maratha Mandal's Arts, Commerce, Science and Home Science College
Belagavi, Karnataka
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About the Specialization
What is Taxation at Maratha Mandal's Arts, Commerce, Science and Home Science College Belagavi?
This Taxation specialization program at Maratha Mandal''''s Arts, Commerce, Science and Home-Science College focuses on providing a comprehensive understanding of the Indian tax system, including direct and indirect taxes. It emphasizes practical application of tax laws, compliance, and planning, preparing students for the dynamic Indian economic landscape. The curriculum is designed to meet the growing industry demand for skilled taxation professionals in India.
Who Should Apply?
This program is ideal for 10+2 graduates aspiring to build a career in taxation, accounting, or finance. It also suits individuals seeking to become tax consultants, auditors, or work in the finance departments of various Indian businesses. Students with a keen interest in legal and financial regulations governing income tax, GST, and corporate taxation will find this specialization particularly rewarding.
Why Choose This Course?
Graduates of this program can expect to pursue career paths as Tax Consultants, Accountants, Auditors, or Tax Analysts in India. Entry-level salaries for freshers typically range from ₹2.5 LPA to ₹4.5 LPA, with significant growth potential up to ₹8-15 LPA for experienced professionals in reputable firms. The program also aligns with prerequisites for professional certifications like CA, CS, and CMA, enhancing career trajectories in Indian companies.
Student Success Practices
Foundation Stage
Build a Strong Accounting & Economic Base- (Semester 1-2)
Focus intently on mastering core accounting principles, business economics, and statistics in the initial semesters. Strong fundamentals are crucial for advanced taxation concepts. Regularly practice journal entries, ledger postings, and financial statement preparation. Participate in departmental quizzes to solidify understanding.
Tools & Resources
NCERT Commerce textbooks, ICAI study material for basic accounting, Online tutorials for accounting software like Tally (demonstration versions)
Career Connection
A robust foundation in accounting and economics is indispensable for understanding the tax base and financial implications of tax laws, directly aiding in future roles as accountants or tax preparers.
Enhance Digital Literacy for Business- (Semester 1-2)
Actively engage with Computer Applications in Business and the Excel & Tally practical papers. Develop proficiency in spreadsheet analysis and basic accounting software. Seek opportunities to apply these skills in class assignments and mini-projects.
Tools & Resources
Microsoft Excel, Tally ERP 9 (educational version), Online courses on basic data entry and analysis
Career Connection
Proficiency in digital tools is essential for modern tax compliance, financial reporting, and data management, making graduates immediately valuable in any accounting or tax firm.
Cultivate Effective Communication & Soft Skills- (Semester 1-2)
Utilize language and skill enhancement courses to improve written and verbal communication. Participate in group discussions, presentations, and debates. Practice professional email writing and resume building early on to prepare for future interactions with clients and employers.
Tools & Resources
English language labs, Toastmasters (if available locally), Online resources for professional communication
Career Connection
Excellent communication is vital for tax professionals to explain complex tax concepts to clients, collaborate with colleagues, and draft clear reports, directly impacting client relations and career progression.
Intermediate Stage
Deep Dive into Corporate & Cost Accounting- (Semester 3-4)
Beyond classroom learning, explore advanced corporate accounting topics and cost accounting methods. Understand how these areas intersect with taxation, especially for corporate tax planning. Attempt case studies related to company mergers, acquisitions, and costing decisions.
Tools & Resources
Professional accounting textbooks, Business case study platforms (e.g., Harvard Business Publishing, Ivey Publishing - free cases), Industry journals for corporate finance
Career Connection
A strong grasp of corporate and cost accounting is crucial for roles involving corporate tax, internal auditing, and financial analysis, allowing for effective tax optimization strategies for businesses.
Seek Early Industry Exposure (Informal)- (Semester 3-4)
Attend local seminars, webinars, or workshops organized by professional bodies (e.g., ICAI, ICSI, ICMAI chapters in Belagavi). Network with practicing chartered accountants, company secretaries, or financial planners. Try to shadow a professional for a day or two during holidays to understand the practical work environment.
Tools & Resources
LinkedIn for connecting with professionals, Local professional body event calendars
Career Connection
Early exposure provides practical context to theoretical knowledge, builds valuable contacts, and helps in identifying potential internship and job opportunities within the Indian tax and finance sectors.
Develop Analytical & Research Skills- (Semester 3-4)
Engage deeply with subjects like Business Statistics and Business Research Methods. Apply statistical tools to analyze financial data and practice drafting structured research reports. This skill is critical for interpreting economic trends and tax implications.
Tools & Resources
Statistical software (e.g., R, Python - basic versions), Online data repositories (e.g., government economic data, RBI), Academic databases for research papers
Career Connection
Strong analytical and research skills are highly valued in taxation for interpreting complex regulations, predicting financial impacts, and preparing well-justified tax positions for clients or employers.
Advanced Stage
Master Taxation Laws and Compliance- (Semester 5-6)
Focus intensely on Income Tax I, Income Tax II, and Goods and Service Tax (GST). Regularly follow amendments in tax laws and budget announcements in India. Practice solving complex problems related to tax computation, deductions, and GST compliance. Utilize online tax portals for practical understanding.
Tools & Resources
Income Tax Act, 1961, CGST Act, 2017, CBIC website, Taxmann / Wolters Kluwer publications, India''''s official e-filing portal (for practical reference)
Career Connection
Expertise in current Indian tax laws and compliance is paramount for a taxation specialist, enabling direct entry into roles in tax advisory, compliance, and auditing with Indian and international firms.
Undertake a Comprehensive Project/Internship- (Semester 5-6)
For the Project Work, choose a topic related to current tax issues, tax planning for specific entities, or GST implementation. Aim for an internship with a CA firm, tax consultant, or a company''''s finance department. This provides invaluable hands-on experience and application of theoretical knowledge.
Tools & Resources
College placement cell, Online job portals (e.g., Internshala, Naukri.com), Industry contacts for internship opportunities
Career Connection
A well-executed project or internship directly enhances employability by demonstrating practical skills, professional work ethic, and a deeper understanding of real-world taxation challenges, often leading to pre-placement offers.
Prepare for Professional Certifications & Placements- (Semester 5-6)
Begin preparing for relevant professional certifications like the CA Foundation, CS Foundation, or Advanced Diploma in Taxation. Actively participate in campus placement drives, mock interviews, and resume building workshops. Network with alumni working in taxation for career guidance and opportunities.
Tools & Resources
ICAI / ICSI / ICMAI study materials, Online interview preparation platforms, College alumni network events
Career Connection
Professional certifications significantly boost credibility and career prospects in India''''s competitive finance and taxation sectors. Dedicated placement preparation ensures a smooth transition from academics to a successful professional career.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 examination or equivalent examination recognized by the Rani Channamma University, Belagavi. (As per college admissions & university guidelines)
Duration: 3 years / 6 semesters
Credits: 176 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 1.1 | Kannada / Alternative English / Hindi / Marathi (Language I) | Language | 4 | Prose and Poetry, Grammar and Vocabulary, Communication Skills, Literary Appreciation |
| BC 1.2 | English (Language II) | Language | 4 | Grammar and Usage, Writing Skills, Reading Comprehension, Basic Communication |
| BC 1.3 | Financial Accounting | Core | 4 | Accounting Concepts and Conventions, Journal, Ledger, Trial Balance, Final Accounts of Sole Proprietors, Rectification of Errors, Depreciation Accounting, Inventory Valuation |
| BC 1.4 | Business Economics | Core | 4 | Introduction to Microeconomics, Demand and Supply Analysis, Production and Cost Analysis, Market Structures, Pricing Strategies |
| BC 1.5 | Business Environment | Core | 4 | Concept and Significance of Business Environment, Economic Environment of India, Political and Legal Environment, Socio-Cultural Environment, Technological and Global Environment |
| BC 1.6 | Computer Applications in Business | Core | 4 | Fundamentals of Computers, MS Word and MS Excel Basics, MS PowerPoint Presentations, Internet and E-commerce Concepts, Data Security and Privacy |
| BC 1.7 | Indian Constitution (Skill Enhancement Course) | Skill Enhancement | 4 | Preamble and Basic Features, Fundamental Rights and Duties, Directive Principles of State Policy, Structure of Government (Union & State), Electoral Process |
| BC 1.8 | Basic Computer Applications (Practical) (Skill Enhancement Course) | Skill Enhancement | 4 | Hands-on with Operating Systems, Word Processing Exercises, Spreadsheet Operations, Presentation Software Usage, Internet Browsing and Email Management |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 2.1 | Kannada / Alternative English / Hindi / Marathi (Language I continued) | Language | 4 | Advanced Prose and Literary Forms, Cultural and Social Aspects in Literature, Advanced Grammar and Composition |
| BC 2.2 | English (Language II continued) | Language | 4 | Business Communication Etiquette, Report Writing Techniques, Presentation Skills, Group Discussion Strategies |
| BC 2.3 | Advanced Financial Accounting | Core | 4 | Partnership Accounts, Company Accounts (Issue of Shares/Debentures), Branch and Departmental Accounts, Hire Purchase and Installment Systems, Insolvency Accounts |
| BC 2.4 | Principles of Marketing | Core | 4 | Marketing Concepts and Scope, Marketing Mix (Product, Price, Place, Promotion), Consumer Behavior, Market Segmentation and Targeting, Marketing Channels |
| BC 2.5 | Business Statistics | Core | 4 | Measures of Central Tendency, Measures of Dispersion, Correlation and Regression Analysis, Index Numbers, Time Series Analysis |
| BC 2.6 | Corporate Administration | Core | 4 | Company Formation and Management, Directors and their Powers, Company Meetings and Resolutions, Winding Up of Companies, Corporate Governance |
| BC 2.7 | Environmental Studies (Skill Enhancement Course) | Skill Enhancement | 4 | Natural Resources and Ecosystems, Biodiversity and Conservation, Environmental Pollution and Control, Environmental Ethics and Legislation, Global Environmental Issues |
| BC 2.8 | Excel & Tally (Practical) (Skill Enhancement Course) | Skill Enhancement | 4 | Advanced Excel Functions for Business, Data Analysis with Excel, Tally ERP 9 Basics (Company Creation), Voucher Entry and Ledger Management in Tally, Generating Financial Reports in Tally |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 3.1 | Kannada / Alternative English / Hindi / Marathi (Language I continued) | Language | 4 | Functional Language Usage, Literary Criticism and Interpretation, Translation Skills |
| BC 3.2 | English (Language II continued) | Language | 4 | Professional Communication, Resume and Cover Letter Writing, Interview Preparation Skills, Soft Skills for Workplace |
| BC 3.3 | Corporate Accounting | Core | 4 | Final Accounts of Companies, Cash Flow Statement (AS-3), Fund Flow Statement, Amalgamation, Absorption, and Reconstruction, Accounting for Debentures |
| BC 3.4 | Cost Accounting | Core | 4 | Cost Concepts and Classifications, Material Costing and Inventory Control, Labour Costing and Overheads, Job Costing and Process Costing, Reconciliation of Cost and Financial Accounts |
| BC 3.5 | Indian Financial System | Core | 4 | Structure of Indian Financial System, Financial Markets (Money & Capital), Financial Institutions (Banks, NBFCs), Role of RBI and SEBI, Financial Services (Mutual Funds, Insurance) |
| BC 3.6 | Banking Law and Operations | Core | 4 | Banking Regulation Act 1949, Types of Banks and their Functions, Banker-Customer Relationship, Negotiable Instruments Act, 1881, E-Banking and Digital Payments |
| BC 3.7 | Entrepreneurship Development (Skill Enhancement Course) | Skill Enhancement | 4 | Concept and Nature of Entrepreneurship, Entrepreneurial Process, Business Idea Generation and Opportunity Evaluation, Business Plan Formulation, Funding for New Ventures |
| BC 3.8 | Business Research Methods (Skill Enhancement Course) | Skill Enhancement | 4 | Introduction to Business Research, Research Design and Types, Data Collection Methods (Primary & Secondary), Sampling Techniques, Report Writing and Presentation |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 4.1 | Kannada / Alternative English / Hindi / Marathi (Language I continued) | Language | 4 | Advanced Literary Studies, Critical Analysis of Texts, Creative Writing and Expression |
| BC 4.2 | English (Language II continued) | Language | 4 | Advanced Business Correspondence, Negotiation and Conflict Resolution, Public Speaking Skills, Cross-cultural Communication |
| BC 4.3 | Advanced Corporate Accounting | Core | 4 | Holding Company Accounts, Valuation of Shares and Goodwill, Accounting Standards (AS), Consolidated Financial Statements, Capital Reduction and Buyback of Shares |
| BC 4.4 | Management Accounting | Core | 4 | Introduction to Management Accounting, Budgetary Control, Standard Costing and Variance Analysis, Marginal Costing for Decision Making, Responsibility Accounting |
| BC 4.5 | E-Commerce | Core | 4 | E-commerce Models and Applications, E-payment Systems, E-security and Legal Aspects, Online Marketing and Advertising, Supply Chain Management in E-commerce |
| BC 4.6 | Financial Management | Core | 4 | Objectives of Financial Management, Capital Budgeting Decisions, Working Capital Management, Cost of Capital and Capital Structure, Dividend Policy Decisions |
| BC 4.7 | Retail Management (Skill Enhancement Course) | Skill Enhancement | 4 | Evolution and Scope of Retailing, Retail Formats and Layout, Merchandising and Pricing, Retail Supply Chain Management, E-tailing and Omni-channel Retailing |
| BC 4.8 | Logistics and Supply Chain Management (Skill Enhancement Course) | Skill Enhancement | 4 | Introduction to Logistics and SCM, Inventory Management, Transportation and Warehousing, Order Processing and Customer Service, Global Supply Chain Management |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 5.1 | Kannada / Alternative English / Hindi / Marathi (Language I continued) | Language | 4 | Applied Language for Professional Contexts, Advanced Communication Strategies, Effective Report and Memo Writing |
| BC 5.4 | Goods and Service Tax (GST) | Core | 4 | Introduction to GST in India, Concept of Supply, Levy, and Collection, Input Tax Credit Mechanism, Registration and Composition Scheme, GST Returns and Payments, Customs Duty Overview |
| BC 5.5 | Auditing | Core | 4 | Principles and Objectives of Auditing, Types of Audit, Internal Control and Internal Audit, Vouching and Verification, Company Audit and Audit Report |
| BC 5.6.3 | Income Tax – I | Elective - Specialization | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital Gains and Income from Other Sources |
| BC 5.7 | Human Resource Management | Core | 4 | Introduction to HRM, HR Planning and Recruitment, Selection and Placement, Training and Development, Performance Appraisal and Compensation Management |
| BC 5.8 | Data Analytics (Elective - III) | Elective | 4 | Introduction to Data Analytics, Types of Data and Data Sources, Data Visualization Techniques, Basic Statistical Analysis for Data, Business Intelligence Concepts |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 6.1 | Kannada / Alternative English / Hindi / Marathi (Language I continued) | Language | 4 | Business and Official Language Usage, Advanced Public Speaking, Intercultural Communication |
| BC 6.4 | International Business | Core | 4 | Globalization and International Trade Theories, Modes of Entry into International Business, Foreign Exchange Market, International Financial Management, Multinational Corporations |
| BC 6.5 | Banking & Insurance | Core | 4 | Commercial Banking in India, Central Banking and Monetary Policy, Banking Sector Reforms, Types of Insurance (Life, General), IRDA and Insurance Regulations |
| BC 6.6.3 | Income Tax – II | Elective - Specialization | 4 | Deductions from Gross Total Income, Set-off and Carry Forward of Losses, Assessment of Individuals, HUF, Partnership Firms, Computation of Total Income and Tax Liability, Tax Planning and Tax Evasion, Advance Tax and TDS |
| BC 6.7 | Principles and Practice of Cooperation | Core | 4 | Cooperative Movement in India, Principles and Features of Cooperation, Types of Cooperative Societies, Management and Finance of Cooperatives, Challenges and Future of Cooperation |
| BC 6.8 | Project Work / Viva Voce | Project | 4 | Research Methodology and Problem Identification, Data Collection and Analysis, Report Writing and Documentation, Presentation Skills, Viva Voce Examination |
