M.Com in Taxation is a postgraduate course in the specialised domain of Taxation. The two-year Master of Commerce programme is covered under the semester system in most institutions. Each course year has two six-month semesters and there are four semesters in total. This degree programme focuses on providing the knowledge of a variety of research and technical issues in the field of Taxation. Students pursuing this course not only know about the conceptual and procedural perspectives of taxation but also their practical applications to solve the complex problems of Taxation.
Additionally, M.Com in Taxation course trains students in tax literature and tax returns analysis. They also learn about the legal and ethical aspects related to this field. The richness and wide scope of this academic programme make it highly desirable among Commerce graduates. Interested students can take up this course at various institutions across the country. These institutions offer the course on a full-time study basis. Top bodies like AIU and UGC recognise most of the institutions or universities offering this course. Find out below some of the institutions from where students can do the Taxation course.
As the M.Com in Taxation course is a highly specialised programme in the field of taxation, not all types of institutions and universities offer it. However, there are some top-quality academic institutions in India to provide remarkable tax education through this programme. Following are a few of these top institutions listed for your reference:
Pondicherry University, Pondicherry
University of Rajasthan, Jaipur
Veer Narmad South Gujarat University, Surat
Sun Rise University, Alwar
Smt Champaben Balchand Shah Mahila Mahavidyalaya, Sangli
Those interested in pursuing M.Com in Taxation course can select the best institution for the purpose. The course fee in the majority of these institutes or universities is less than INR 50, 000. Thus, it can be easily pursued when the candidate is eligible and skilled to take it up. Read on to know what essential skills can help you succeed in this programme, as well as what eligibility criteria you need to meet to seek admission in this course.
If you are interested in pursuing M.Com in Taxation course, you can achieve the success by possessing some prerequisite skills. Here are some of these qualities and skills that can turn you into a honed tax professional:
Completing M.Com in Taxation course successfully can lead to a variety of job opportunities for tax professionals. While they can become independent tax consultants, they can also join various positions like tax advisor, tax manager, taxation policy analyst and tax recruiter. Professionals can additionally occupy job positions, such as revenue agent, tax accountant, tax examiner, tax collector, etc. Almost all types of organisations require tax accountants and revenue managers who can manage their business plans, handle tax returns, and identify investment opportunities.
Further, professionals who have done M.Com in Taxation course can become auditors who keep a check on the profit and loss record of firms, test account balance and documentation and get the audit reports ready. In addition, there are other job roles like marketing manager, financial analyst, employment tax specialist, and personal finance consultant for eligible candidates. Some tax professionals may go on becoming certified public accountants and personal finance consultant. Thus, candidates with a thorough knowledge of tax laws and rules can choose from a variety of positions and career options.
Apart from the above-mentioned basic skill set required to perform well in the M.Com in Taxation course, students must ensure that they are eligible to apply for this course. While certain institutions or universities offering this course may put down a few specific conditions, there are some general eligibility criteria applied by all institutions. Given below are the same:
The candidate must possess a graduation degree in Commerce or an equivalent degree from a recognised university or institute. The candidate should have done graduation with Commerce subjects like Accounts, Mathematics, and Economics.
The candidate should have scored a minimum of 55% marks in aggregate in the qualifying exam. It is noteworthy that this criterion may vary in different institutions and for different candidate categories.
The candidate must take the entrance exam conducted by a specific university or exam body to offer admission in M.Com in Taxation. Although some institutions select and admit students based on an entrance exam, a few also select them based on their performance in graduation. Therefore, the candidate must check this condition with the specific institution before applying for admission.
M.Com in Taxation course is a specialisation under Master of Commerce programme. Thus, there are no further specialisations offered under this course. However, this course trains students on every single aspect of taxation, ranging from its conceptual framework to the individual and corporate tax procedures and applications. By pursuing this course, students gain a detailed knowledge of the laws of direct and indirect taxes, latest tax reforms, accounting/ finance management, and trends prevailing in this particular domain.
Additionally, M.Com in Taxation course offers the learning of the procedures of state and federal taxes, as well as the provisions of tax planning and consultation for businesses and individuals. Students honed in the field of taxation may not only become tax professionals but may also conduct tax audits for individual and organisational entities. They are aware of several ethical issues surrounding the implementation and compliance to taxes within the national and global economic scenarios. With such deep domain knowledge, students can open up a variety of job options and career prospects for them.