byGaganDeep
Updated on - 24 May, 2024
M.Com (Master of Commerce) in Taxation is a post graduate course which aims to provide the students with concepts and knowledge of taxation laws, financial policies and accounting. This university level course takes usually 2 years of study and includes the study of taxation disciplines distributed over 4 semesters. The course curriculum covers areas such as income tax laws, corporate tax planning, tax management, indirect taxes, global taxation system with emphasis on GST.
This course has educational eligibility criteria that any candidate must possess a graduate degree. The entrance tests that are considered for admission by different universities and colleges offering the M.Com Taxation course are: CAT, MAT, ATMA, XAT, CMAT, GMAT and state level tests such as MAH-CET, TSICET, GCET, KMAT, APICET, OUAT. Some institutes also offer admission to the students as per the mark they secure in post graduation.
| Category | Detail |
|---|---|
| Full Form | Master of Commerce (Taxation) |
| Duration | 2 Years (4 Semesters) |
| Course Level | Post Graduate |
| Eligibility | Bachelor's Degree in Commerce (B.Com) or a related field (with minimum marks varying by institution) |
| Top Colleges (India) | Symbiosis Centre for Management Studies (SCMS), Pune, Christ (Deemed to be University), Bangalore, Narsee Monjee Institute of Management Studies (NMIMS), Mumbai, Delhi School of Economics (University of Delhi), St. Xavier's College, Kolkata |
| Entrance Exams (Common) | Common Management Admission Test (CMAT), Graduate Management Aptitude Test (GMAT) (for some colleges), Institution Specific Entrance Exams |
1. Any graduate having a post graduate degree in any subject from a recognized University or institute with a minimum aggregate of 50% marks.
2. Mathematics as one of the subjects at + 2 level or graduation level.
3. Some institutes may prefer the candidates who have the work experience in the taxation or the accounting field.
4. No age limit.
5. Standard tests such as CAT/MAT may be necessary to undertake in order to be admitted into some of the most renowned institutes.
6. It would also be helpful for non-native English speaking students to produce their IELTS/TOEFL scores depending on the course.
1. CAT – Common Admission Test which is conducted by IIMs for admissions to MBA / PGDM and other courses like M.Com.
2. CMAT – Common Management Admission Test which is conducted for admission to the AICTE recognised management programs such as M.Com.
3. IGNOU OPENMAT: Open Management Aptitude Test is conducted by IGNOU for admission into management courses offered by IGNOU such as M.Com.
4. Delhi University ET – Entrance examination for postgraduate courses, specifically M.Com in Delhi University.
5. BHU PET – It stands for Banaras Hindu University Postgraduate Entrance Test through which the university offers admission to its postgraduate courses, including M.Com.
| Subject | Important Topics |
|---|---|
| Direct Taxes | Income Tax Act & Computation of Income, Deductions & Exemptions, Capital Gains Tax, Fringe Benefit Tax, Corporate Tax Provisions |
| Indirect Taxes | Goods and Services Tax (GST) - Concepts, Levies, Exemptions, Input Tax Credit, Customs Act & Procedures |
| Tax Accounting & Financial Analysis | Advanced Accounting Concepts for Tax Purposes, Tax Planning Strategies, Financial Statement Analysis for Tax Implications |
| International Taxation | Double Taxation Avoidance Agreements (DTAAs), Transfer Pricing, Foreign Tax Credit, International Tax Planning Strategies |
| Tax Laws & Practices | Wealth Tax Act, Estate Duty Act, Gift Tax Act, Filing Procedures & Returns, Advance Tax & TDS |
| Tax Audit & Investigations | Tax Audit Procedures, Assessment Process, Appeals & Grievance Redressal, Investigation Techniques |
| Tax Research & Compliance | Tax Research Methodology, Case Law & Interpretation, Recent Tax Developments, Ethical Practices in Taxation |
| Elective Courses (may vary) | Tax Management in a Digital World, Tax Laws for Specific Sectors (e.g., Banking, Infrastructure), International Tax Law & Treaties, Goods and Services Tax (GST) Compliance & Practice |
1. It is also important to check the most basic of requirements including the certificate of the bachelor’s degree obtained and the minimum marks achieved.
2. Submit your application either through online or through the traditional methods involving submission of supporting documents.
3. Take entrance test where ever necessary.
4. This means that one should attend counseling session if the situation demands it.
5. Pay the indicated admission fee and provide the original documents.
6. Complete the admission process and get the admission status confirmation for class enrollment.
| College Name | Location | Fees (Approx. Yearly) |
|---|---|---|
| Delhi School of Economics (University of Delhi) | Delhi | ₹50,000 - ₹70,000 |
| University of Mumbai | Mumbai | ₹20,000 - ₹30,000 |
| Madras Christian College | Chennai | ₹30,000 - ₹40,000 |
| Lucknow University | Lucknow | ₹15,000 - ₹20,000 |
| Fergusson College (University of Pune) | Pune | ₹25,000 - ₹35,000 |
| The Maharaja Sayajirao University of Baroda | Vadodara | ₹20,000 - ₹30,000 |
| Osmania University | Hyderabad | ₹12,000 - ₹18,000 |
| Banaras Hindu University | Varanasi | ₹25,000 - ₹35,000 |
| University of Calcutta | Kolkata | ₹15,000 - ₹20,000 |
| Andhra University | Visakhapatnam | ₹10,000 - ₹15,000 |
| College Name | Location | Fees (Approx. Yearly) |
|---|---|---|
| Symbiosis Centre for Management Studies (SCMS), Pune | Pune | ₹2,00,000 - ₹3,00,000 |
| Christ (Deemed to be University), Bangalore | Bangalore | ₹1,20,000 - ₹1,80,000 |
| Narsee Monjee Institute of Management Studies (NMIMS), Mumbai | Mumbai | ₹2,20,000 - ₹3,00,000 |
| Bharatiya Vidya Bhavan's S.P. Mandali Institute of Management Studies (SIBM Pune) | Pune | ₹3,00,000 - ₹4,00,000 |
| Woxsen School of Business | Mumbai | ₹2,50,000 - ₹3,50,000 |
| Amity School of Business (ASB) | Noida | ₹1,00,000 - ₹1,50,000 |
| KJ Somaiya Institute of Management Studies and Research (SIMSR) | Mumbai | ₹2,00,000 - ₹2,50,000 |
| Institute of Management Studies (WeSchool) | Mumbai | ₹1,80,000 - ₹2,20,000 |
| Jaipuria Institute of Management (JIM) | Jaipur | ₹1,20,000 - ₹1,80,000 |
| Institute of Chartered Financial Analysts of India (ICFAI) Business School | Various Locations | ₹1,50,000 - ₹2,00,000 |
| College Name | Location | Average CTC (Approx.) |
|---|---|---|
| Symbiosis Centre for Management Studies (SCMS), Pune | Pune | ₹6 Lakhs - ₹10 Lakhs |
| Christ (Deemed to be University), Bangalore | Bangalore | ₹4 Lakhs - ₹8 Lakhs |
| Narsee Monjee Institute of Management Studies (NMIMS), Mumbai | Mumbai | ₹5 Lakhs - ₹9 Lakhs |
| Delhi School of Economics (University of Delhi) | Delhi | ₹5 Lakhs - ₹8 Lakhs |
| St. Xavier's College, Kolkata | Kolkata | ₹4 Lakhs - ₹7 Lakhs |
| Madras Christian College | Chennai | ₹3 Lakhs - ₹5 Lakhs |
| Lucknow University | Lucknow | ₹2 Lakhs - ₹4 Lakhs |