MCom in taxation is a good choice for your career as it focuses on basic concepts of the Income Tax Act. Many paths for your future career open up through this, allowing you to settle down with a good income. Moreover, the MCom in taxation subjects include Tax Authorities and Tribunal, Scope of total revenue and Residential Status (Sections 5 to 9), Income from Salaries and House Property (Sections 15 to 27), etc. Thus, MCom in taxation syllabus mainly deals with tax and the ethical issues surrounding it. However, this course is the best if you seek leadership and managerial roles in the finance sector.
What is MCOM in Taxation? Is It A Good Course?
MCom in taxation is a degree related to the field of taxation plus finance. Moreover, the focus is on solving taxation problems, research on literature, and tax return reviews. Also, it is a commerce course where, in Mcom taxation, you can explore ethical and legal obligations followed by the taxation system.
Benefits of pursuing MCom in Taxation
The Indian economy is on the rise which will bring a lot of opportunities for people with sound knowledge of finance. Further, the Asian Development Bank says that the Indian economy will grow at 6.4% in FY23. Moreover the growth for FY24 will further rise to 6.7%. Such indicators point to more job opportunities for people with background in Finance.
You can get great perks if you do MCom in taxation, and one of them includes having a lot of job opportunities. Moreover, taxation job positions include posts like Chief Financial Officer, Audit Manager, Revenue Agent, Tax Collector, etc., in top recruiting companies such as Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies, etc. However, IGNOU MCom in taxation is a well-known university that promotes Mcom in taxation, which you can pursue from a distance.
Eligibility Criteria For Pursuing MCom in Taxation
For MCom in taxation, the eligibility criteria for students are simple. Check it below:
- Candidates must have passed 10 + 2 + Bachelor’s Degree (Minimum of 3 Years Degree Program).
- B.Com/B.Com(CA)/Bcom course (E-Com), B.B.M/B.B.M (CA)/B.B.A, or Any Degree with one paper of Accountancy
- General Category – 50% in Graduation from a UGC approved University
- Reserved Category – 45% in Graduation from a UGC approved University
- Direct admissions for learners with an average minimum of 50% marks in their UG. Furthermore, admission can also consider learners below 50% marks following a short interview.
- Students in their final year can apply with their last completed semester results.
- Candidates with work experience will have an added advantage for admissions.
Duration and Fees of MCom in Taxation
M.com in taxation is two years in total. Moreover, the online fee ranges between 1,00,000 INR to 1,35,000 INR, depending on the college and the university and it may vary based on the merit list admission system. For more insights on fees and discounts, connect with ShikshaGurus!
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Conclusion
MCom in taxation is a beneficial course that provides multiple scopes for your future in the tax department, teaching department, business department, etc. Moreover, if you have a BCom degree, do an MCom in taxation and create a bright future! For more information on online courses and college comparisons, contact ShikshaGurus!
