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BCOM in Taxation Self Finance at NMKRV College for Women
Bengaluru, Karnataka
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About the Specialization
What is Taxation Self Finance at NMKRV College for Women Bengaluru?
This Taxation Self Finance program at Nagarathnamma Meda Kasturiranga Setty Rashtreeya Vidyalaya College for Women focuses on equipping students with comprehensive knowledge in direct and indirect taxation. It aligns with the dynamic Indian tax regime, covering Income Tax, GST, and Customs Law, preparing students for the evolving demands of the financial and corporate sectors in India. The program emphasizes practical application of tax laws and principles.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into tax advisory, compliance, and auditing roles. It also suits individuals looking to build a career in finance, accounting, or entrepreneurship where strong tax knowledge is critical. Students with a keen interest in finance, legal frameworks, and numerical analysis will find this specialization rewarding, with no specific prior professional experience required.
Why Choose This Course?
Graduates of this program can expect promising career paths as Tax Consultants, GST Practitioners, Financial Analysts, Accounts Executives, and Auditors in Indian companies and firms. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, with experienced professionals earning significantly more. The strong foundation in tax laws also supports pursuing professional certifications like CA, CS, and CMA in India.
Student Success Practices
Foundation Stage
Master Core Accounting Principles- (Semester 1-2)
Develop a strong understanding of financial accounting and business economics. Regularly solve textbook problems, attend all lectures, and clarify doubts immediately to build a robust foundation for advanced subjects. Participate in peer study groups to reinforce concepts.
Tools & Resources
Textbooks, ICAI study material (foundational level), YouTube tutorials on accounting basics, Tally ERP (basic functions)
Career Connection
A solid grasp of accounting is fundamental for all finance and taxation roles, enabling accurate recording and reporting of financial transactions, which directly impacts tax calculations.
Enhance Communication & Legal Acumen- (Semester 1-2)
Focus on improving English language and business communication skills through presentations, group discussions, and report writing. Simultaneously, pay close attention to Business Law, understanding its implications on business operations and financial dealings.
Tools & Resources
Toastmasters clubs (if available), Business magazines, Legal case studies, Online legal databases (basic search)
Career Connection
Effective communication is crucial for client interactions and report writing in tax advisory. Legal knowledge is indispensable for interpreting tax statutes and ensuring compliance.
Build Foundational Digital Literacy- (Semester 1-2)
Acquire basic proficiency in office productivity tools like MS Excel and Word, essential for data management and document creation in any accounting or finance role. Explore basic e-commerce concepts to understand modern business operations.
Tools & Resources
Microsoft Office Suite, Online tutorials (Coursera, LinkedIn Learning for Excel basics), Basic e-commerce platforms like Amazon/Flipkart
Career Connection
Digital literacy is non-negotiable for efficiency in tax data handling, report generation, and understanding the digital economy''''s impact on taxation.
Intermediate Stage
Deep Dive into Direct & Indirect Taxes- (Semester 3-5)
Engage deeply with Income Tax and GST concepts. Solve numerous practical problems, refer to case laws, and follow current amendments through professional journals. Consider joining a tax club or discussion forum for continuous learning.
Tools & Resources
Taxmann publications, Income Tax Act & Rules, CGST Act & Rules, Online tax portals (e.g., ClearTax, Tally Solutions tax resources), ICAI tax modules
Career Connection
This is the core of the specialization. Mastery here directly translates into becoming a competent tax practitioner, capable of advising clients and ensuring compliance.
Develop Analytical & Problem-Solving Skills- (Semester 3-5)
Apply concepts learned in Cost Accounting, Corporate Accounting, and Business Law to real-world scenarios. Participate in case study competitions or practical assignments that require analytical thinking and decision-making under legal and financial constraints.
Tools & Resources
Corporate annual reports, Business news analysis, Financial newspapers (e.g., Economic Times, Business Standard), LinkedIn for industry insights
Career Connection
Strong analytical skills are vital for interpreting financial data, identifying tax implications, and formulating effective tax strategies for businesses.
Explore Skill Enhancement Opportunities- (Semester 3-5)
Utilize skill enhancement courses like E-Commerce and Digital Marketing to broaden your understanding of modern business landscapes. Look for certifications in these areas or participate in workshops to add practical, marketable skills beyond core taxation.
Tools & Resources
Google Digital Garage certifications, HubSpot Academy courses, Social media platforms for marketing trends
Career Connection
A diverse skill set makes you a more versatile professional, especially in a digitalizing economy, enhancing employability in hybrid roles or in supporting e-commerce businesses.
Advanced Stage
Engage in Practical Taxation Training & Internships- (Semester 5-6)
Seek internships with CA firms, tax consultancies, or corporate finance departments. Focus on gaining hands-on experience in filing tax returns, GST compliance, and direct tax planning. Actively network with professionals during this phase.
Tools & Resources
Professional networking events, Internship portals (Naukri, Internshala), Company websites for career sections
Career Connection
Practical exposure is critical for placements. It bridges the gap between theoretical knowledge and real-world application, making you job-ready and building valuable industry contacts.
Specialize in Advanced Tax Planning & Compliance- (Semester 5-6)
Deepen your knowledge in Customs Law, International Taxation, and advanced Direct Tax Planning. Prepare for advanced topics like transfer pricing and double taxation avoidance agreements. This often involves research and staying updated with global tax trends.
Tools & Resources
Professional taxation forums, International tax publications, Webinars by tax experts on advanced topics, Tax blogs
Career Connection
Specialized knowledge in advanced taxation areas opens doors to niche roles in international firms, large corporations, and specialized tax advisory services, offering higher growth potential.
Prepare for Professional Certifications & Placements- (Semester 6)
Start preparing for professional exams like CA, CS, or CMA (if aspiring) or focus intensely on placement preparation. This includes mock interviews, aptitude tests, and resume building, highlighting your tax specialization and practical experience.
Tools & Resources
Placement cell services, Online mock test platforms, Resume builders, Interview preparation guides, Professional coaching centers
Career Connection
Directly impacts securing a job upon graduation. Targeted preparation ensures you are competitive for roles in top accounting firms, tax departments, and financial institutions.
Program Structure and Curriculum
Eligibility:
- Pass in Pre-University Course (10+2) or equivalent examination recognized by Bengaluru City University.
Duration: 6 semesters / 3 years
Credits: 140 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| LANG1 | Kannada / Sanskrit / Hindi / Additional English | Language | 2 | Comprehension, Grammar, Poetry/Prose, Communication Skills |
| ENGA | English | Language | 2 | Literary Texts, Grammar and Usage, Writing Skills, Spoken English |
| C1 | Financial Accounting - I | Core | 4 | Introduction to Accounting, Accounting Principles, Final Accounts of Sole Proprietorship, Depreciation Accounting, Accounts of Non-Profit Organizations |
| C2 | Business Economics - I | Core | 4 | Introduction to Business Economics, Demand Analysis, Supply Analysis, Production and Cost Analysis, Market Structure |
| AECC1 | Indian Constitution | Ability Enhancement Compulsory Course | 2 | Constituent Assembly, Fundamental Rights, Directive Principles, Union and State Government, Emergency Provisions |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| LANG2 | Kannada / Sanskrit / Hindi / Additional English | Language | 2 | Literary Criticism, Advanced Grammar, Functional Language, Translation |
| ENGB | English | Language | 2 | Advanced Communication, Report Writing, Presentation Skills, Business Correspondence |
| C3 | Financial Accounting - II | Core | 4 | Consignment Accounts, Joint Venture Accounts, Royalty Accounts, Hire Purchase System, Installment System |
| C4 | Business Economics - II | Core | 4 | National Income, Theory of Employment, Money and Banking, Inflation and Deflation, Business Cycles |
| AECC2 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Natural Resources, Ecosystems, Environmental Pollution, Social Issues and Environment, Environmental Protection Acts |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| LANG3 | Kannada / Sanskrit / Hindi / Additional English | Language | 2 | Media and Communication, Public Speaking, Cultural Contexts, Advanced Reading |
| C5 | Corporate Accounting | Core | 4 | Share Capital Transactions, Debentures, Valuation of Goodwill, Amalgamation of Companies, Internal Reconstruction |
| C6 | Business Law | Core | 4 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Consumer Protection Act, 2019, Negotiable Instruments Act, 1881, Partnership Act, 1932 |
| DSC1 | Income Tax - I | Discipline Specific Core (Specialization) | 4 | Basic Concepts of Income Tax, Residential Status, Income Exempt from Tax, Income from Salaries, Income from House Property |
| SEC1 | E-Commerce | Skill Enhancement Course | 2 | Introduction to E-commerce, Business Models, Online Payments, Digital Marketing, Cyber Security in E-commerce |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| LANG4 | Kannada / Sanskrit / Hindi / Additional English | Language | 2 | Creative Writing, Professional Communication, Critical Analysis, Research Skills |
| C7 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overheads, Methods of Costing |
| C8 | Principles of Marketing | Core | 4 | Introduction to Marketing, Marketing Environment, Consumer Behavior, Product and Pricing Decisions, Promotion and Distribution |
| DSC2 | Income Tax - II | Discipline Specific Core (Specialization) | 4 | Profits & Gains of Business or Profession, Capital Gains, Income from Other Sources, Clubbing of Income, Set-off and Carry Forward of Losses |
| SEC2 | Digital Marketing | Skill Enhancement Course | 2 | Search Engine Optimization (SEO), Social Media Marketing, Email Marketing, Content Marketing, Web Analytics |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C9 | Financial Management | Core | 4 | Introduction to Financial Management, Capital Budgeting, Cost of Capital, Working Capital Management, Leverage Analysis |
| C10 | Auditing & Corporate Governance | Core | 4 | Introduction to Auditing, Audit Planning & Internal Control, Vouching and Verification, Company Audit, Corporate Governance |
| DSC3 | Goods & Services Tax (GST) - I | Discipline Specific Core (Specialization) | 4 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, Time and Value of Supply, Registration under GST |
| DSC4 | Goods & Services Tax (GST) - II | Discipline Specific Core (Specialization) | 4 | Payment of Tax, Returns under GST, Refunds, Assessment and Audit, Offences and Penalties |
| GE1 | Human Resource Management | Generic Elective | 3 | HRM Functions, Recruitment and Selection, Training and Development, Performance Appraisal, Compensation Management |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C11 | Management Accounting | Core | 4 | Introduction to Management Accounting, Financial Statement Analysis, Fund Flow Statement, Cash Flow Statement, Budgetary Control |
| C12 | Entrepreneurship Development | Core | 4 | Concept of Entrepreneurship, Stages of Entrepreneurial Process, Small Business Management, Institutional Support for SMEs, Project Report Preparation |
| DSC5 | Customs Law & International Taxation | Discipline Specific Core (Specialization) | 4 | Introduction to Customs Law, Types of Duties, Import and Export Procedures, Valuation under Customs, Overview of International Taxation |
| DSC6 | Direct Tax Planning and Management | Discipline Specific Core (Specialization) | 4 | Tax Planning Concepts, Tax Avoidance vs Tax Evasion, Tax Management, Tax Planning for Salaried Individuals, Tax Planning for Business Income |
| GE2 | Business Research Methods | Generic Elective | 3 | Introduction to Research, Research Design, Data Collection Methods, Sampling Techniques, Report Writing |
