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B-COM in Tax Nep at Rani Durgavati Vishwavidyalaya, Jabalpur
Jabalpur, Madhya Pradesh
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About the Specialization
What is Tax NEP at Rani Durgavati Vishwavidyalaya, Jabalpur Jabalpur?
This B.Com. Tax NEP program at Rani Durgavati Vishwavidyalaya focuses on equipping students with comprehensive knowledge and practical skills in both direct and indirect taxation. It integrates modern accounting practices with India''''s evolving tax laws, preparing graduates for roles in financial compliance and advisory within the dynamic Indian economic landscape. The program emphasizes both theoretical understanding and application of tax principles.
Who Should Apply?
This program is ideal for 10+2 graduates with a keen interest in finance, law, and meticulous compliance, especially those aspiring to specialize in taxation. It suits fresh graduates seeking entry into accounting firms, tax consultancies, or corporate finance departments, as well as those looking to pursue higher professional qualifications like CA, CS, or CMA with a strong tax foundation.
Why Choose This Course?
Graduates of this program can expect diverse career paths such as Tax Consultants, GST Practitioners, Compliance Officers, and Accountants in India. Entry-level salaries typically range from INR 2.5 to 4.5 LPA, growing significantly with experience and advanced certifications. The robust curriculum prepares students for roles in both public and private sectors, aligning with India''''s increasing demand for skilled tax professionals.
Student Success Practices
Foundation Stage
Master Accounting & Business Fundamentals- (Semester 1-2)
Focus on building a strong base in financial accounting, business law, and economics. Regularly solve numerical problems, understand underlying principles, and participate in peer study groups to clarify concepts. This ensures a solid groundwork for advanced taxation subjects.
Tools & Resources
NCERT Commerce textbooks, ICAI study material (basic level), Online accounting tutorials, Peer study groups
Career Connection
A strong foundation is crucial for grasping complex tax concepts and forms the basis for junior accountant or financial analyst roles.
Develop Effective Communication Skills- (Semester 1-2)
Engage in courses like Business Communication and Personality Development. Practice public speaking, report writing, and professional email etiquette. Join college clubs for debates or presentations to enhance verbal and written communication, vital for client interaction.
Tools & Resources
Toastmasters International (local clubs), Online communication courses (Coursera/edX), College debate/drama clubs
Career Connection
Excellent communication skills are essential for tax consultants and auditors who need to explain complex tax matters to clients and authorities.
Embrace Digital Literacy & Basic Office Tools- (Semester 1-2)
Familiarize yourself with essential computer applications, especially MS Excel for data analysis and basic accounting software. Attend workshops on spreadsheet functions, data organization, and presentation tools. This is a fundamental skill for all commerce graduates.
Tools & Resources
Microsoft Office Suite (Excel, Word, PowerPoint), Online tutorials for Excel (e.g., YouTube channels), Basic computer courses
Career Connection
Proficiency in digital tools makes you job-ready for entry-level data entry, accounting, and administrative roles in any business.
Intermediate Stage
Deep Dive into Taxation Laws & Applications- (Semester 3-5)
Beyond classroom lectures, thoroughly study Income Tax and GST laws. Solve numerous case studies and practical problems. Consider enrolling in short-term certification courses on taxation to gain hands-on experience in tax filing and compliance.
Tools & Resources
Income Tax Act, 1961, CGST Act, 2017, Taxmann''''s guides, Online platforms like ClearTax for practical insights, Local coaching for professional exams
Career Connection
Specialized knowledge in tax laws is directly applicable for roles as tax preparers, junior tax analysts, or assistant auditors in firms.
Acquire Software Proficiency (Tally, GST Software)- (Semester 3-5)
Actively learn and practice using accounting software like Tally ERP 9 with GST features. Seek opportunities to work on live projects or internships where you can apply these skills for data entry, ledger maintenance, and GST return filing.
Tools & Resources
Tally ERP 9 software, GSTN portal, Training modules from software providers, Practical workshops
Career Connection
Practical software skills are highly valued by employers for roles in accounting, GST compliance, and data management, enhancing immediate employability.
Engage in Professional Networking & Mentorship- (Semester 3-5)
Attend industry webinars, seminars, and workshops related to finance and taxation. Connect with faculty, alumni, and professionals in the field. Seek mentorship to understand career paths and gain insights into the industry''''s latest trends and challenges.
Tools & Resources
LinkedIn, Professional body events (ICAI, ICSI, ICMAI student chapters), University career services
Career Connection
Networking opens doors to internship opportunities, job referrals, and career guidance, significantly boosting placement prospects.
Advanced Stage
Undertake Practical Internships/Live Projects- (Semester 6)
Secure internships with accounting firms, tax consultancies, or corporate finance departments. Focus on applying theoretical knowledge to real-world scenarios like preparing tax returns, assisting in audits, or analyzing financial statements. Document your experiences thoroughly.
Tools & Resources
Internship portals (Internshala, LinkedIn), University placement cell, Local CA/CS firms
Career Connection
Internships provide invaluable practical experience, enhance your resume, and often lead to pre-placement offers, making you industry-ready.
Focus on Advanced Tax Planning & Management- (Semester 6)
Delve into advanced topics like direct tax planning for various entities, international taxation, and strategic financial management. Participate in mock tax audits or simulations. This prepares you for advisory and strategic roles in taxation.
Tools & Resources
Advanced tax textbooks, Case studies on tax planning, Workshops by senior tax professionals
Career Connection
Advanced knowledge is crucial for higher-level roles such as Tax Advisors, Senior Tax Consultants, and financial strategists.
Prepare for Professional Certifications- (Semester 6 and Post-Graduation)
Begin preparing for professional certifications like CA, CS, CMA, or specialized taxation courses. Utilize the strong B.Com. foundation to clear initial levels of these exams. This demonstrates a commitment to professional growth and deepens expertise.
Tools & Resources
ICAI, ICSI, ICMAI official study material, Coaching institutes, Online professional exam platforms
Career Connection
Professional certifications significantly enhance credibility, open doors to specialized roles, and command higher salary packages in the finance and taxation domain.
Program Structure and Curriculum
Eligibility:
- 10+2 (Higher Secondary Examination) from a recognized board, preferably with Commerce, Mathematics, or Economics background.
Duration: 3 years / 6 semesters
Credits: 160 (Calculated based on 26-28 credits per semester, as per NEP guidelines) Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC101 | Financial Accounting I | Discipline Specific Core (DSC) | 4 | Accounting Principles, Journal and Ledger, Trial Balance, Final Accounts of Sole Proprietorship, Depreciation Accounting |
| BC102 | Business Economics | Discipline Specific Core (DSC) | 4 | Microeconomics Concepts, Demand and Supply Analysis, Production and Cost Analysis, Market Structures, Pricing Decisions |
| AE101 | Environmental Studies | Ability Enhancement Course (AEC) | 2 | Ecosystems and Biodiversity, Environmental Pollution, Natural Resources Management, Global Environmental Issues, Sustainable Development |
| VO101 | Financial Literacy and Banking | Vocational Course (VC) | 4 | Personal Finance Fundamentals, Banking Services and Products, Investment Basics, Digital Payments, Insurance Concepts |
| OE101 | Introduction to Computer Applications | Open Elective (OE) | 4 | Computer Fundamentals, Operating Systems, MS Office Suite (Word, Excel, PowerPoint), Internet and Web Browsing, Data Management Basics |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC201 | Business Law | Discipline Specific Core (DSC) | 4 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Consumer Protection Act, 2019, Indian Partnership Act, 1932 |
| BC202 | Corporate Accounting I | Discipline Specific Core (DSC) | 4 | Company Formation and Share Capital, Issue and Forfeiture of Shares, Issue of Debentures, Redemption of Preference Shares, Bonus Issue and Right Issue |
| AE201 | Hindi Language / English Language | Ability Enhancement Course (AEC) | 2 | Grammar and Syntax, Composition and Essay Writing, Business Correspondence, Report Writing, Effective Communication |
| SK201 | Personality Development and Communication Skills | Skill Enhancement Course (SEC) | 4 | Self-Awareness and Self-Esteem, Interpersonal Skills, Public Speaking and Presentation, Interview Techniques, Emotional Intelligence |
| OE201 | E-Commerce | Open Elective (OE) | 4 | E-Commerce Models and Types, Online Transactions and Security, Digital Marketing Strategies, Payment Gateways, Cyber Laws and Regulations |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC301 | Cost Accounting | Discipline Specific Core (DSC) | 4 | Cost Concepts and Classification, Material Costing, Labour Costing, Overhead Costing, Cost Sheet and Reconciliation |
| BC302 | Management Principles and Practices | Discipline Specific Core (DSC) | 4 | Nature and Significance of Management, Planning and Decision Making, Organizing and Staffing, Directing and Controlling, Motivation and Leadership Theories |
| TX301 | Income Tax Law and Practice I (Taxation Major) | Discipline Specific Elective (DSE) - Taxation Major | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries, Income from House Property, Deductions from Gross Total Income |
| SK301 | Tally with GST | Skill Enhancement Course (SEC) | 4 | Tally ERP 9 Basics, Company Creation and Configuration, Voucher Entry and Accounting Transactions, GST Configuration in Tally, Generating Financial and GST Reports |
| OE301 | Fundamentals of Statistics | Open Elective (OE) | 4 | Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression Analysis, Index Numbers |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC401 | Principles of Marketing | Discipline Specific Core (DSC) | 4 | Marketing Concepts and Environment, Marketing Mix (Product, Price, Place, Promotion), Market Segmentation and Targeting, Consumer Behavior, Product Life Cycle |
| BC402 | Auditing | Discipline Specific Core (DSC) | 4 | Auditing Standards and Principles, Types of Audit, Internal Control System, Vouching and Verification, Audit Report and Certificates |
| TX401 | Income Tax Law and Practice II (Taxation Major) | Discipline Specific Elective (DSE) - Taxation Major | 4 | Profits and Gains of Business or Profession, Capital Gains, Income from Other Sources, Clubbing of Income and Set-off of Losses, Assessment of Individuals and Firms |
| SK401 | GST Practical Application | Skill Enhancement Course (SEC) | 4 | GST Registration Process, Input Tax Credit Mechanism, GST Returns Filing (GSTR-1, 3B), E-Way Bill System, GST Compliance and Procedures |
| OE401 | Business Communication | Open Elective (OE) | 4 | Verbal and Non-verbal Communication, Barriers to Communication, Report Writing and Presentation, Digital Communication Tools, Negotiation and Persuasion Skills |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC501 | Financial Management | Discipline Specific Core (DSC) | 4 | Financial Planning and Forecasting, Capital Budgeting Decisions, Working Capital Management, Cost of Capital, Dividend Policy |
| BC502 | Goods and Services Tax (GST) Law & Practice I (Taxation Major) | Discipline Specific Elective (DSE) - Taxation Major | 4 | Introduction to GST in India, Levy and Collection of GST, Time and Value of Supply, Place of Supply, Registration under GST |
| TX501 | Customs Law and Foreign Trade Policy (Taxation Major) | Discipline Specific Elective (DSE) - Taxation Major | 4 | Customs Act, 1962 (Overview), Types of Duties and Exemptions, Valuation for Customs Duty, Import and Export Procedures, Foreign Trade Policy of India |
| SK501 | Computerized Accounting System | Skill Enhancement Course (SEC) | 4 | Overview of Accounting Software, Data Entry and Transaction Processing, Generating Financial Statements, Payroll Management, Data Security and Backup |
| OE501 | Entrepreneurship Development | Open Elective (OE) | 4 | Entrepreneurial Process, Business Plan Preparation, Sources of Funding, Legal and Regulatory Framework, Innovation and Creativity in Business |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC601 | International Business | Discipline Specific Core (DSC) | 4 | Globalization and International Trade Theories, Foreign Direct Investment, Balance of Payments, International Financial Markets, Cultural Environment in International Business |
| BC602 | Goods and Services Tax (GST) Law & Practice II (Taxation Major) | Discipline Specific Elective (DSE) - Taxation Major | 4 | Payment of GST and Refunds, Accounts and Records under GST, Audit and Assessment under GST, Offences and Penalties, Appeals and Revisions |
| TX601 | Direct Tax Planning and Management (Taxation Major) | Discipline Specific Elective (DSE) - Taxation Major | 4 | Concepts of Tax Avoidance vs Tax Evasion, Tax Planning for Individuals, Tax Planning for Companies, Managerial Decisions and Tax Implications, Advance Tax and Tax Deducted at Source (TDS) |
| PR601 | Project Work / Internship | Project | 6 | Research Methodology, Data Collection and Analysis, Report Writing, Presentation Skills, Industry Application and Problem Solving |
| OE601 | Research Methodology | Open Elective (OE) | 4 | Research Design and Types, Sampling Methods, Data Analysis Techniques, Hypothesis Testing, Academic Report Writing |
