M.com. Accounting & Taxation is a postgraduate degree program that focuses on advanced topics related to accounting and taxation. Here are some highlights of the program M.Com Taxation is a two-year postgraduate course on tax and finance topics. The main components of this course include solving tax problems, researching tax literature, and conducting a complete analyticl review of tax returns. In M.Com's tax course, students examine the ethical and legal obligations that must be complied with in the tax system.The minimum eligibility criteria for a candidate for admission to M.Com Taxation is that he has completed a BCom degree with at least 50% marks from a recognized university. Entrance exams like CUCET, DUET, BHU PET, AUCET are accepted for admission to M.Com Control courses. Some universities also conduct personal interviews (PI rounds) with final candidates based on their admission results. To get admission in her M.Com Tax College which is the best in India offering courses like For example, LNCT Bhopal, CSMU Navi Mumbai, SGU Kolhapur, MRU Hyderabad, Meredian College Mangalore etc. require a good academic background and transcripts from relevant entrance exams and interviews. The average course fee structure for M.Com Tax courses ranges from INR 12,000 to INR 4,00,000.
Course | M.COM. ACCOUNTING & TAXATION |
Full Name | MASTER OF COMMERCE IN ACCOUNTING & TAXATION |
Stream | Commerce |
Eligibility | B.Com or Its Equivalent |
Type | Degree |
Duration | 2 Years |
Mode | Year |
The most important tip in preparing for the MCom Taxation entrance exam is to start preparing at least a few months before the exam. Even if you start preparing 10 days before or a week before the exam, it may not be helpful as you will not be able to cover all the important topics needed to pass the entrance exam. Plan and prepare lesson plans to study and cover important topics. One of the books that you can refer to while preparing for the MCom Tax Entrance Examination is 'Delhi University MCom Entrance Test Book' by R. Gupta for Class 12th and B portions. Com. The topics covered in this book are sufficient to cover the scope of the MCom Tax Entrance Exam syllabus. The MCom tax exam is considered to be relatively easy compared to other competitive exams. The main idea behind the MCom Tax Entrance Exam is to find out how much each candidate knows about Commerce and related subjects. So, if you are a dedicated BCom graduate and are well-versed in the subject, you can do well in the entrance exam.
The admission process usually involves filling out an application form, submitting academic transcripts, and paying the application fee. Most colleges that offer the course, MCom in Taxation, select the students through an admission process that involves entrance examination. The entrance examination in most cases is followed by rounds of group discussions and interviews. The assessment of each candidate will be based on how they performed in each round and the best candidates will be calculated and given admission to the respective colleges. Some colleges do not follow the system of entrance examination. Such colleges give admission based on the merits of the applications. Top scorers with good merit in under graduation stand the highest chance in such a situation.
The most important criterion for applying for MCom levy in Indian educational institutions and universities is that the applicant has a BCom degree. Most universities require the applicant to have her BCom degree and an overall score of at least 50%. BCom graduates should also have good knowledge of subjects such as Economics, Mathematics and Accounting as their main subjects of study. 4,444 reserved category candidates are subject to maximum deduction of 5% marks. There is a mark given to students of public universities located within the state.
The fee for the M.com. Accounting & Taxation program varies depending on the university or college. It can range from Rs. 50,000 to Rs. 2 lakhs per year.
Semester I |
Law of Direct Taxes and Practices - Income Tax Paper I and Paper II |
Basic Concepts, Definitions and Charge of Income Tax Act (Section 1 to 4) |
Scope of total income and Residential Status (Section 5 to 9) |
Income from Salaries and House Property (Section 15 to 27) |
Tax payment liabilities in certain cases |
Gross Total Income Computation |
Rebates and Double Taxation Relief |
Assessments, Registration, Returns Recovery of Tax Refund |
Tax Authorities and Tribunal |
Semester II |
Law of Direct Taxes and Practices - Income Tax Paper III and IV |
Advance Payment of Tax (Section 207 to 219) |
Return of Income and Assessment (Section 139 to 158) |
Customs Act, 1962 and Customs Tariff Act, 1975 |
Special Features of Indirect Taxes |
Wealth Tax Act |
Rules and Central Excise Tariff Act, 1985 |
Excise law, Excise Liability and Excisable Goods |
Valuation under Central Excise Act |
Service Tax, Payment of service tax and registration (Section 68 & 69) |
Central Sales Tax Act |
Graduates of the M.com. Accounting & Taxation program can expect to earn an average salary of Rs. 4-5 lakhs per annum. They can find job opportunities in areas such as accounting, taxation, auditing, finance, and banking.
Some of the career opportunities for graduates of the M.com. Accounting & Taxation program include:
M.COM accounting and taxation is master degree in these course, and in deliver of tax advice and arrangement for person or organizations.This program focus,on these course such candidates to give gainfully to the IRS, State branch of, and such.Taxation is the management-set implement for collect money from the national to pay for public services.Accounting are professionals who perform audits for company and human been, to check for difference, instability, and such.The taxes are with are straight paid to the government by the taxpayer and income taxes etc.those paid ti the administration, and application on good turn ,sales tax .
NOTE:- Students who are admitted must bring all the original documents to with them to the Institute Campus. Students failing to present all relevant original documents upon request may be denied admission or later told to leave the university.
Given below are few of the important highlights of the program.
Program Full Name | Master of Commerce in Accounting and Taxation |
Program Level | Master Degree Courses |
Duration of the Program | 2 Years |
Examination Type | Year |
Eligibility | B.Com or Its Equivalent |
Admission Process | Entrance Exam and Merit Based |
Average Program Fee | Upto Rs. 1 Lakh |
Syllabus of Management as prescribed by various Universities and Colleges.
Paper Code | Subjects of Study |
1 | Accounting for Business Decisions |
2 | Accounting Theory and Standards |
3 | Advanced Corporate Accounting |
4 | Advanced Financial and Cost Accounting |
5 | Business Environment |
6 | Business Research Methods |
7 | Central Sales Tax (CST) and Value Added Tax (VAT) |
8 | Computerized Accounting with Tally |
9 | Corporate Tax and Planning |
10 | Direct Taxes |
11 | E-Commerce |
12 | Foreign Trade and Policy |
13 | Fundamentals of Taxation and Tax Planning |
14 | Financial Management |
15 | Income Tax Act |
16 | Income Tax Law and Practice |
17 | Insurance Management |
18 | Indirect Taxation: Central and State Taxes |
19 | Indirect Taxation: Central Excise and VAT |
20 | International Business Environment |
21 | Management Accounting |
22 | Managerial Economics |
23 | Management Science |
24 | Marketing Research |
25 | Principles of Accounting |
26 | Service Tax |
27 | Statistics for Business and Management |
28 | Strategic Marketing Management |
29 | Taxation Laws |
Mentioned below are some states in India that offer the program.