B.Com Taxation Syllabus and Subjects
B.Com Taxation syllabus is a mix of theoretical and practical concepts based on the act of levying along with the Commerce, Accounting, and Indian Tax System. Some common B.Com Taxation subjects are the Indian Tax System, Financial Accounting, Business Organization, Income Tax Procedure, Practices, Accounting for Managers, etc.
B.Com Taxation syllabus is industry-oriented and introduces students to an extensive variety of commerce and taxation concepts. Hence, the B.Com Taxation Job scope provides great employment opportunities for students in accounting and enterprising industries.
Table of Contents
Semester Wise B.Com Taxation Syllabus
B.Com Taxation syllabus focuses on studying principles of accounting, financial planning, and economic theory along with an emphasis on Taxation. A semester-wise distribution of the B.Com Taxation syllabus is given in the table below:
B.Com Taxation First Year Syllabus
B.Com Taxation 1st year subjects mainly focus on the elementary areas of the Indian Tax System, Financial Accounting, etc.
|
Semester I |
Semester II |
|
Indian Tax System |
Indian Tax System(Cont.) |
|
Income Tax Law Procedure |
Financial Accounting |
|
Fundamental Principles of Accounting |
Partnership Accounting |
|
Business Mathematics |
Business Regulatory Framework |
|
Indian Contract Act and Sale of Goods Act |
Business Communications |
|
Business Organization |
B.Com Taxation Second Year Syllabus
b.com 2nd year subjects emphasize in-depth core concepts
|
Semester III |
Semester IV |
|
Income Tax Procedure & Practices |
Income Tax Procedure & Practices(Cont.) |
|
Wealth Tax & Vat Procedure and Practices |
Advanced Statistics |
|
Basics of Company Accounts |
Wealth Tax & Vat Procedure and Practices |
|
Theory and Practice of Cost |
Advanced Corporate Accounts |
|
Indian Company Act |
Advance Cost Accounts |
|
Principles of Statistics |
Principles of Management |
B.Com Taxation Third Year Syllabus
|
Semester V |
Semester VI |
|
Central Excise Procedure & Practice |
Central Excise Procedure & Practice(Cont.) |
|
Custom Procedure & Practice |
Custom Procedure & Practice( Cont.) |
|
Income Tax for Individuals |
Income Tax for Business |
|
Accounting for Managers |
Indirect Tax |
|
Financial Management |
Auditing |
|
Marketing Management |
Human Resource Management |
B.Com Taxation Subjects
The subjects of B.Com Taxation are designed to offer fundamental knowledge of trade and taxation. The subjects in B.Com Taxation cover all aspects of taxation laws and regulations along with accounting, auditing, and management studies. B.Com Taxation subjects list is as follows:
Core Subjects
Students study both core and elective subjects to make the six semester-long programs more flexible. Some of the core subjects under the BCom Taxation syllabus are given below:
- Indian Tax System
- Financial Accounting
- Business Organization
- Income Tax Procedure & Practices
- Accounting for Managers
BCom Taxation Subjects in Detail
BCom Taxation subjects cover wide areas of study based on Income tax, Capital gains tax, Value-added tax, Corporate tax, Property tax, Sales tax, GST, etc. A detailed view of BCom Taxation subjects is given below:
|
BCom Taxation subjects |
Topics Covered |
|
Financial Accounting |
Preparation of Financial Statements, Accounting of Incomplete Records, Royalty Accounts, Accounting for Consignment |
|
Income Tax |
Residential Status, Ncome From Salary, Income From House Property, Profits and Gains of Business or Profession |
|
Business Management |
Introduction to Management, Planning, Organizing, Direction and Control, Management Techniques |
|
Corporate Accounts |
Accounting for Shares, Underwriting of Shares and Debentures, Investment Account, Insurance Claims |
|
Cost Accounting |
Accounting and Control of Material Cost, Accounting for Overhead, Preparation of Cost Sheet |
|
Goods and Services Tax |
Stages of Evolution of Gst, Levy and Collection of Tax, Registration, Assessment, Appeals |
B.Com Taxation Course Structure
B.Com Taxation course is composed of six semesters. Internal evaluations, skill development programs, and semester-based systems enrich the flexibility of the curriculum along with effective course outcomes. The general course structure is given below:
- VI Semesters
- Core and Elective Subjects
- Project Submission
- Practical work
- Specializations
B.Com Taxation Teaching Methodology and Techniques
B.Com Taxation accounts in different teaching methods. The teaching methodology is designed to offer expert training to all students in all commerce disciplines through lectures, seminars, workshops interactive classroom sessions, and practical training. Listed below are the training strategies in general:
- Group Projects
- Conceptualized Learning
- Lectures
- Practical Lab work
- Talks from guest speakers
B.Com Taxation Projects
The projects under B.Com Taxation offer students an understanding of real-time work environments and solving problems in businesses by enhancing the skills and learning ability of the students. Some in-demand taxation projects which students are required to submit at the end of the sixth semester, are given below:
- Difficulties and Prospects of Tax Administration in India
- Roles of Multinational Companies in Tax Evasion and Tax Avoidance in India
- An Evaluation of the role of value-added tax as a source of income in India
- Impact of Company Income Tax Revenue on Developing Economies
- The Procedure, Problem, and Prospects of Personal Income Tax Administration
B.Com Taxation Reference Books
Reference books for B.Com Taxation are available online and offline to enhance the understanding of the subject matter. Some Taxation related reference books are given below:
|
Name of the Books |
Authors |
|
Principles of Taxation for Business and investment planning |
Sally Jones & Shelley Rhoades- Catanach |
|
Corporate taxation |
Cheryl D. Block |
|
Federal Taxation- Basic principles |
James R. Hasselback & Ephraim P. Smith |
|
International Taxation in a Nutshell |
Richard Doernberg |
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FAQs on B.Com Taxation Syllabus and Subjects
Q: What is the 1st year syllabus of B Com Taxation?
A: The 1st year syllabus includes subjects like Indian Tax System, Financial Accounting, Partnership Accounting, etc.
Q: What are the core subjects of B Com Taxation?
A: A few of the core subjects include Indian Tax System, Financial Accounting, Business Organization, etc.
Q: What is the objective of the BCom Taxation course?
A: The goal is to understand the fundamental ideas and gain knowledge of income computation, income tax return submission, advance tax, and tax deducted at source.
Q: What are the important books for B Com Taxation?
A: A few popular reference books include Corporate Taxation by Cheryl D. Block, International Taxation in a Nutshell by Richard Doernberg, etc.
Q: What is the course structure of B Com Taxation?
A: B.Com Taxation course is divided into six semesters, internal assessments, skill development programs, and semester-based systems which enhance curriculum flexibility while producing excellent course outcomes.
