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BCOM in Taxation at Sacred Heart College (Autonomous)
Ernakulam, Kerala
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About the Specialization
What is Taxation at Sacred Heart College (Autonomous) Ernakulam?
This Taxation program at Sacred Heart College (Autonomous) focuses on equipping students with in-depth knowledge of direct and indirect tax laws in India. It delves into the intricacies of income tax, GST, and other regulatory frameworks crucial for financial compliance. The curriculum is designed to meet the evolving demands of the Indian taxation landscape, preparing students for diverse roles in finance and accounting.
Who Should Apply?
This program is ideal for fresh commerce graduates seeking entry into taxation, audit, or financial advisory roles within India. It also benefits aspiring tax consultants, chartered accountants (preparatory), and those aiming for careers in corporate finance or government tax departments. Students with a strong aptitude for numbers and regulatory frameworks will thrive.
Why Choose This Course?
Graduates of this program can expect promising career paths as tax consultants, GST practitioners, financial analysts, or auditors in Indian firms. Entry-level salaries typically range from INR 2.5 to 5 lakhs per annum, with significant growth potential up to INR 10-15 lakhs or more with experience. The program aligns well with certifications like CA, CS, and CMA, providing a strong academic foundation.
Student Success Practices
Foundation Stage
Master Accounting Fundamentals- (Semester 1-2)
Focus intently on understanding core accounting principles, financial statements, and basic tax concepts in Semesters 1 and 2. Utilize textbooks thoroughly and practice numerical problems daily to build a strong base.
Tools & Resources
Textbooks, solved examples, online accounting tutorials, college library resources
Career Connection
A robust understanding of fundamentals is critical for all advanced financial and taxation subjects, paving the way for higher-level roles.
Develop Strong English & Communication Skills- (Semester 1-2)
Actively participate in English language common courses and engage in debates, presentations, and report writing. Read business newspapers and magazines to improve vocabulary and comprehension.
Tools & Resources
Grammarly, newspaper apps (e.g., The Economic Times), public speaking clubs
Career Connection
Effective communication is essential for client interactions, report drafting, and professional presentations in the finance sector.
Form Study Groups and Peer Learning- (Semester 1-2)
Collaborate with peers to discuss difficult topics, solve problems, and prepare for exams. Teaching others reinforces your own understanding and exposes you to different perspectives.
Tools & Resources
College study rooms, online collaboration tools (e.g., Google Meet), peer mentorship programs
Career Connection
Teamwork and collaborative problem-solving are highly valued in professional accounting and finance environments.
Intermediate Stage
Engage with Tax Law Case Studies- (Semester 3-5)
As you begin studying Income Tax and GST (Semesters 4-5), actively seek out and analyze real-world tax case studies. Understand how laws are applied and interpreted in practical scenarios.
Tools & Resources
Taxmann publications, Indian Kanoon, financial news portals, tax practitioner blogs
Career Connection
Practical application of tax laws is crucial for roles in tax advisory and compliance, enhancing your problem-solving skills.
Seek Early Internship Opportunities- (Semester 3-5)
Look for short-term internships during semester breaks, even if unpaid, with local C.A. firms, tax consultancies, or small businesses. Gain hands-on experience with basic bookkeeping and tax filing processes.
Tools & Resources
College placement cell, LinkedIn, local professional networks
Career Connection
Early industry exposure builds practical skills, expands your professional network, and provides valuable content for your resume.
Participate in Business Competitions & Workshops- (Semester 3-5)
Join inter-collegiate commerce fests, quiz competitions, and workshops on financial modeling or taxation. These activities enhance analytical skills and provide exposure beyond the classroom.
Tools & Resources
College event notices, professional body events (ICAI student chapters), online financial courses
Career Connection
Such participation demonstrates initiative and practical skill application, making you a more attractive candidate to employers.
Advanced Stage
Master Advanced Taxation & Financial Software- (Semester 6)
Become proficient in commonly used tax filing software (e.g., Tally, ClearTax) and advanced Excel for financial analysis. Practical skills in these tools are highly sought after by employers.
Tools & Resources
Tally Education, ClearTax academy, advanced Excel courses, YouTube tutorials
Career Connection
Hands-on expertise with industry-standard software is a direct pathway to immediate productivity in accounting and finance roles.
Undertake a Comprehensive Project/Research- (Semester 6)
For your final year project, choose a topic in taxation that involves real-world data collection and analysis. This showcases your research abilities and in-depth understanding of the subject.
Tools & Resources
Academic journals, government reports (e.g., CBDT, CBIC), industry mentors
Career Connection
A well-executed project demonstrates independent research, critical analysis, and problem-solving skills, which are crucial for higher-level positions.
Intensive Placement Preparation & Networking- (Semester 6)
Actively engage with the college placement cell, attend mock interviews, and refine your resume. Network with alumni and professionals in taxation through LinkedIn and industry events to explore career opportunities.
Tools & Resources
College placement services, LinkedIn, professional networking events, interview preparation guides
Career Connection
Strategic preparation and networking are key to securing desirable placements and kickstarting a successful career in the Indian taxation sector.
Program Structure and Curriculum
Eligibility:
- Pass in 10+2 or equivalent examination with Commerce or Science/Humanities with Mathematics/Economics/Computer Science/Statistics/Business Studies as one of the subjects.
Duration: 6 semesters / 3 years
Credits: 110 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN1CRT01 | English I | Common Course | 4 | Grammar and Usage, Reading Comprehension, Paragraph Writing, Short Stories, One-Act Plays |
| EN1CRT02 | English II | Common Course | 4 | Literary Forms, Poetry Analysis, Prose Selections, Rhetoric, Critical Appreciation |
| ML1CRT01/HN1CRT01 (or other) | Additional Language I | Common Course | 4 | Basics of Grammar, Prose & Poetry, Translation, Composition, Cultural Context |
| CO1CRT01 | Financial Accounting I | Core | 4 | Introduction to Accounting, Accounting Cycle, Final Accounts, Consignment Accounts, Joint Venture Accounts |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN2CRT03 | English III | Common Course | 4 | Advanced Grammar, Report Writing, Business Correspondence, Essays, Public Speaking |
| EN2CRT04 | English IV | Common Course | 4 | Literary Criticism, Modern Literature, Communication Skills, Academic Writing, Critical Thinking |
| ML2CRT02/HN2CRT02 (or other) | Additional Language II | Common Course | 4 | Advanced Grammar, Literary Texts, Official Language Usage, Creative Writing, Translation Practice |
| CO2CRT02 | Business Regulatory Framework | Core | 4 | Indian Contract Act, Sale of Goods Act, Consumer Protection Act, Negotiable Instruments Act, Companies Act Overview |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN3CRT05 | English V | Common Course | 4 | Professional Communication, Technical Writing, Presentations, Group Discussions, Interview Skills |
| ML3CRT03/HN3CRT03 (or other) | Additional Language III | Common Course | 4 | Literary History, Literary Theory, Contemporary Issues, Advanced Reading, Research Skills |
| CO3CRT03 | Corporate Accounting | Core | 4 | Share Capital, Debentures, Company Final Accounts, Amalgamation, Absorption, Internal Reconstruction |
| CO3CRT04 | Business Management | Core | 4 | Principles of Management, Planning and Organizing, Staffing and Directing, Controlling, Decision Making |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN4CRT06 | English VI | Common Course | 4 | Global English, Cultural Studies, Media Literacy, Discourse Analysis, Intercultural Communication |
| ML4CRT04/HN4CRT04 (or other) | Additional Language IV | Common Course | 4 | Advanced Literary Criticism, Comparative Literature, Film Studies, Translation Theory, Dialectology |
| CO4CRT05 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overhead Costing, Operating Costing |
| CO4CRT06 | Income Tax Law and Practice | Core | 4 | Basic Concepts of Income Tax, Residential Status, Heads of Income (Salary, House Property), Deductions, Computation of Total Income |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CO5CRT07 | Financial Management | Core | 4 | Introduction to Financial Management, Capital Budgeting, Capital Structure, Working Capital Management, Dividend Policy |
| CO5CRT08 | Auditing | Core | 4 | Introduction to Auditing, Types of Audit, Internal Control, Audit Procedures, Audit Report |
| CO5CRT09 | Marketing Management | Core | 4 | Introduction to Marketing, Marketing Environment, Product Decisions, Pricing Decisions, Promotion Decisions, Distribution Decisions |
| CO5O01T | Direct Tax Law and Practice I | Optional - Taxation | 4 | Income Tax Act 1961 (Advanced), Capital Gains, Profits & Gains of Business or Profession, Income from Other Sources, Clubbing of Income |
| CO5O02T | Indirect Tax Law and Practice I | Optional - Taxation | 4 | Goods and Services Tax (GST) Act, Basic Concepts of GST, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CO6CRT10 | Management Accounting | Core | 4 | Introduction to Management Accounting, Financial Statement Analysis, Ratio Analysis, Fund Flow Statement, Cash Flow Statement, Budgetary Control |
| CO6CRT11 | Human Resource Management | Core | 4 | Introduction to HRM, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Appraisal, Compensation Management |
| CO6CRT12 | Project & Report | Core | 4 | Research Methodology, Project Formulation, Data Collection and Analysis, Report Writing, Presentation Skills |
| CO6CRT13 | Viva Voce | Core | 2 | Comprehensive assessment of academic knowledge, Communication skills evaluation, Subject matter understanding, Problem-solving abilities, Critical thinking |
| CO6O03T | Direct Tax Law and Practice II | Optional - Taxation | 4 | Assessment of Individuals and Firms, Tax Planning, Advance Tax, TDS/TCS, Appeals and Revisions |
| CO6O04T | Indirect Tax Law and Practice II | Optional - Taxation | 4 | Place of Supply, Registration under GST, Tax Invoice, Accounts and Records, Payment of Tax, Returns and Refunds |
| CO6O05T | Advanced Cost and Management Accounting | Optional - Taxation (Elective) | 4 | Activity Based Costing, Target Costing, Life Cycle Costing, Transfer Pricing, Performance Measurement |
