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BACHELOR-OF-COMMERCE in Tax Procedure at Seshadripuram College
Bengaluru, Karnataka
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About the Specialization
What is Tax Procedure at Seshadripuram College Bengaluru?
This Tax Procedure program at Seshadripuram College focuses on equipping students with a comprehensive understanding of India''''s direct and indirect tax laws, compliance, and procedural aspects. The curriculum is designed to meet the growing demand for skilled tax professionals in the dynamic Indian economy. It covers critical areas like Income Tax, GST, and Customs Duty, providing a strong foundation for a career in taxation.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into accounting firms, corporate tax departments, or aspiring to become independent tax practitioners. It also benefits working professionals looking to upskill in current tax regimes and career changers transitioning into the finance and taxation industry. Students should possess a keen interest in legal frameworks and financial compliance.
Why Choose This Course?
Graduates of this program can expect promising career paths as Tax Consultants, Compliance Officers, GST Practitioners, or Accountants with a tax focus in various Indian companies and consultancies. Entry-level salaries typically range from INR 2.5 Lakhs to 4.5 Lakhs per annum, with significant growth trajectories for experienced professionals. The program also aligns with requirements for professional certifications like GST Practitioner certification.
Student Success Practices
Foundation Stage
Build Strong Accounting and Business Law Fundamentals- (Semester 1-2)
Focus intently on core subjects like Financial Accounting, Corporate Accounting, and Business Law in the first two semesters. These form the bedrock for understanding taxation principles. Regularly review basic concepts, practice numerical problems, and grasp legal terminologies.
Tools & Resources
Textbooks, Online accounting tutorials, Legal glossaries, Peer study groups
Career Connection
A solid foundation in these areas is crucial for interpreting tax laws and preparing accurate financial statements, which directly impacts effectiveness in tax-related roles later on.
Develop Analytical and Quantitative Skills- (Semester 1-2)
Pay close attention to Quantitative Analysis for Business. Master statistical and mathematical tools, as tax computations often involve complex data analysis. Engage in problem-solving sessions and use online platforms to hone quantitative aptitude.
Tools & Resources
Khan Academy for Math/Stats, Excel for basic data handling, Previous year question papers
Career Connection
Strong quantitative skills are essential for precise tax calculations, financial modeling, and efficient tax planning, directly enhancing employability in taxation roles.
Cultivate Effective Communication and Research- (Semester 1-2)
Utilize language and communication courses to refine written and verbal skills, crucial for drafting professional tax reports and client communication. Practice presenting findings and engaging in group discussions to articulate complex ideas clearly.
Tools & Resources
Grammarly, Presentation software, Debate clubs, Library resources for academic writing
Career Connection
Clear communication is vital for explaining tax implications to clients or superiors and for effective teamwork in any professional accounting or taxation firm.
Intermediate Stage
Deep Dive into Income Tax Laws and Procedures- (Semester 5-6)
Starting from Semester 5 with Income Tax - I and progressing to Income Tax - II in Semester 6, meticulously study each head of income, deductions, and assessment procedures. Solve numerous case studies and practical problems to understand the intricacies of direct taxation.
Tools & Resources
Bare Acts of Income Tax, Taxmann''''s commentaries, ICAI study material for practical problems, Tax calculation software demos
Career Connection
Mastery of Income Tax is a primary requirement for most tax-related roles, enabling students to advise on tax planning, filing returns, and handle assessments for individuals and businesses.
Understand GST and Indirect Tax Compliance- (Semester 6)
Focus on the Goods and Services Tax (GST) subject to grasp the modern indirect tax regime. Understand the levy, input tax credit mechanism, and procedural compliances. Engage with online GST portals for practical exposure to return filing and registration processes.
Tools & Resources
GST Council website, Official GST Bare Act, Online tutorials for GST filing, Industry webinars on GST updates
Career Connection
GST expertise is highly sought after in India, opening doors to roles as GST practitioners, compliance officers, and accountants specializing in indirect taxation for businesses.
Seek Internships and Practical Exposure- (Semester 4-6)
Actively look for internships with Chartered Accountant firms, tax consultants, or companies'''' finance departments, especially during semester breaks after Semester 4. Gaining hands-on experience in tax preparation, audit assistance, and advisory is invaluable.
Tools & Resources
College placement cell, LinkedIn, Internshala, Networking events
Career Connection
Practical exposure bridges the gap between theoretical knowledge and real-world application, significantly enhancing employability and providing a strong edge during placements.
Advanced Stage
Specialize in Advanced Tax Areas and Project Work- (Semester 6)
In Semester 6, while studying Income Tax - II, GST, and Customs Duty, consider undertaking a project related to a specific tax challenge or a comparative analysis of tax policies. This demonstrates in-depth knowledge and research capabilities.
Tools & Resources
Academic journals on taxation, Government reports on tax reforms, Mentorship from faculty or industry experts
Career Connection
A well-executed project highlights specialized knowledge and analytical skills, making candidates more attractive for roles requiring critical thinking and problem-solving in taxation.
Prepare for Professional Certifications and Interviews- (Semester 6)
Alongside final year studies, prepare for professional certifications like GST Practitioner (if applicable) or other relevant accounting/tax software certifications. Practice technical interview questions related to tax laws and practical scenarios.
Tools & Resources
Mock interviews, Online certification courses, Aptitude test preparation platforms, Company-specific interview guides
Career Connection
Certifications boost credentials, and strong interview preparation directly leads to better placement opportunities and confidence in securing desired tax-related positions.
Stay Updated with Tax Law Amendments and Industry News- (Semester 6 and beyond)
Tax laws in India are constantly evolving. Develop a habit of regularly reading financial news, official government notifications, and tax journals. Follow key updates from tax authorities and professional bodies to remain current and adaptable.
Tools & Resources
The Economic Times, Livemint, Official CBIC/CBDT websites, Tax portals like IndiaFilings.com
Career Connection
Remaining updated is critical for any tax professional. It showcases proactive learning and ensures graduates are equipped to handle the latest compliance requirements, making them valuable assets to employers.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 or PUC examination or an equivalent examination recognized by Bengaluru City University.
Duration: 3 years / 6 semesters
Credits: 166 (minimum) Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCH1.1 | Financial Accounting | Core | 4 | Introduction to Accounting, Accounting Concepts and Conventions, Final Accounts of Sole Proprietor, Consignment Accounts, Joint Venture Accounts |
| BCH1.2 | Business Management | Core | 4 | Introduction to Management, Planning, Organizing, Staffing and Directing, Controlling |
| AECC1.1 | Kannada / Sanskrit / Urdu / Hindi / English (Language I) | Ability Enhancement Compulsory Course | 2 | Language Grammar, Comprehension, Communication Skills, Cultural Texts, Essay Writing |
| AECC1.2 | English (Language II) | Ability Enhancement Compulsory Course | 2 | Grammar and Vocabulary, Reading Comprehension, Writing Skills, Listening and Speaking, Functional English |
| OEC1.1 | Open Elective (Choice from other disciplines) | Open Elective | 3 | Diverse topics based on student choice |
| VAC1.1 | Value Added Course | Value Added Course | 2 | Ethics, Environmental Studies, Personality Development |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCH2.1 | Corporate Accounting | Core | 4 | Issue and Forfeiture of Shares, Debentures, Amalgamation and Reconstruction, Valuation of Goodwill and Shares, Consolidated Financial Statements |
| BCH2.2 | Quantitative Analysis for Business - I | Core | 4 | Functions, Matrices and Determinants, Differentiation, Integration, Commercial Arithmetic |
| AECC2.1 | Kannada / Sanskrit / Urdu / Hindi / English (Language I) | Ability Enhancement Compulsory Course | 2 | Language Grammar, Comprehension, Communication Skills, Cultural Texts, Essay Writing |
| AECC2.2 | English (Language II) | Ability Enhancement Compulsory Course | 2 | Grammar and Vocabulary, Reading Comprehension, Writing Skills, Listening and Speaking, Functional English |
| OEC2.1 | Open Elective (Choice from other disciplines) | Open Elective | 3 | Diverse topics based on student choice |
| VAC2.1 | Value Added Course | Value Added Course | 2 | Cyber Security, Digital Fluency, Indian Constitution |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCH3.1 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Cost Ascertainment, Cost Control Techniques, Job, Batch and Contract Costing, Process Costing |
| BCH3.2 | Business Law | Core | 4 | Indian Contract Act 1872, Sale of Goods Act 1930, Consumer Protection Act 2019, Intellectual Property Rights, Competition Act 2002 |
| BCH3.3 | Quantitative Analysis for Business - II | Core | 4 | Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers, Time Series Analysis |
| AECC3.1 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Ecosystems, Biodiversity, Environmental Pollution, Social Issues and Environment, Environmental Protection Acts |
| SEC3.1 | Skill Enhancement Course (e.g., Data Analytics, Communication Skills) | Skill Enhancement Course | 2 | Software for data analysis, Presentation skills, Writing professional documents, Teamwork, Problem-solving |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCH4.1 | Advanced Financial Accounting | Core | 4 | Departmental Accounts, Branch Accounts, Partnership Accounts - Admission, Retirement, Death, Dissolution of Partnership Firm, Insolvency Accounts |
| BCH4.2 | E-Commerce | Core | 4 | Introduction to E-Commerce, Business Models in E-Commerce, E-Payment Systems, Security in E-Commerce, Legal and Ethical Issues |
| BCH4.3 | Marketing Management | Core | 4 | Introduction to Marketing, Marketing Environment, Consumer Behavior, Product and Pricing Decisions, Promotion and Distribution |
| AECC4.1 | Indian Constitution | Ability Enhancement Compulsory Course | 2 | Preamble and Basic Features, Fundamental Rights and Duties, Directive Principles of State Policy, Structure and Functions of Government, Constitutional Amendments |
| SEC4.1 | Skill Enhancement Course (e.g., Entrepreneurship, Office Management) | Skill Enhancement Course | 2 | Business idea generation, Project report preparation, Event management, Record keeping, Resource planning |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCH5.1 | Management Accounting | Core | 4 | Nature and Scope of Management Accounting, Financial Statement Analysis, Fund Flow and Cash Flow Statements, Ratio Analysis, Budgetary Control |
| BCH5.2 | Financial Management | Core | 4 | Introduction to Financial Management, Capital Budgeting Decisions, Cost of Capital, Working Capital Management, Dividend Decisions |
| DSE5.1.1 | Income Tax - I | Discipline Specific Elective (Tax Procedure Specialization) | 3 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession |
| DSE5.1.2 | Principles and Practice of Auditing | Discipline Specific Elective (Common B.Com Elective) | 3 | Introduction to Auditing, Audit Planning and Documentation, Internal Control, Vouching and Verification, Audit Report |
| DSE5.1.3 | International Business | Discipline Specific Elective (Common B.Com Elective) | 3 | Globalization and International Business, Theories of International Trade, Foreign Exchange Market, International Financial Institutions, Export-Import Procedure |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCH6.1 | Indian Financial System | Core | 4 | Introduction to Financial System, Financial Markets (Money Market and Capital Market), Financial Instruments, Financial Institutions, SEBI and Investor Protection |
| BCH6.2 | Business Research Methods | Core | 4 | Introduction to Research, Research Design, Data Collection Methods, Data Analysis and Interpretation, Report Writing |
| DSE6.1.1 | Income Tax - II | Discipline Specific Elective (Tax Procedure Specialization) | 3 | Income from Capital Gains, Income from Other Sources, Clubbing of Income and Set-off/Carry Forward of Losses, Deductions from Gross Total Income, Assessment of Individuals and Computation of Tax |
| DSE6.1.2 | Goods and Services Tax (GST) | Discipline Specific Elective (Tax Procedure Specialization) | 3 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, Time and Value of Supply, GST Procedure (Registration, Returns, Payment) |
| DSE6.1.3 | Customs Duty & Foreign Trade Policy | Discipline Specific Elective (Tax Procedure Specialization) | 3 | Basic Concepts of Customs Duty, Types of Duties, Valuation for Customs Duty, Import and Export Procedure, Foreign Trade Policy of India |
| Project | Project Work | Project | 4 | Problem identification, Literature review, Methodology design, Data analysis, Report writing and presentation |
