Semester-wise Syllabus for M.Com in Taxation

Semester 1: Foundations of Taxation

1. Income Tax Law & Practice

   • Basic concepts (PY, AY, Residential status)

   • Heads of income (Salaries, House Property, Capital Gains)

   • Tax deducted at source (TDS) provisions

2. Business Taxation

   • Taxation of partnerships & firms (Section 184)

   • Depreciation (Section 32), MAT (Section 115JB)

3. Cost & Management Accounting

   • Tax planning vs. tax evasion

   • Cost audit implications

4. Business Law

   • Contract Act, Companies Act provisions for taxation

   • Legal compliance for businesses

5. Financial Accounting

   • Accounting standards (AS-22 for tax provisions)

   • Book-tax differences (timing vs. permanent differences)

Semester 2: Advanced Direct Taxes

1. Corporate Taxation

   • Dividend Distribution Tax (repealed provisions)

   • Buyback tax (Section 115QA)

   • Tax on LLP vs. Company

2. Tax Planning & Management

   • Capital structure decisions (debt vs. equity)

   • Tax implications of mergers/demergers

3. International Taxation

   • Double Taxation Avoidance Agreements (DTAAs)

   • Transfer Pricing (Section 92-92F)

4. Tax Audit & Investigation

   • Section 44AB audit requirements

   • Survey, search & seizure provisions

5. Elective I (Choose One)

   • Wealth Tax & Estate Planning (Inheritance tax concepts)

   • Banking & Insurance Taxation

Semester 3: Indirect Taxes & GST

1. Goods & Services Tax (GST)

   • CGST/SGST/IGST structure

   • Time & place of supply rules

   • GST returns (GSTR-1, 3B, 9)

2. Customs & Foreign Trade Policy

   • Customs valuation, duty drawback

   • SEZ/EOU tax benefits

3. Taxation of E-Commerce

   • Equalization Levy (Google Tax)

   • TCS on e-commerce operators

4. Tax Litigation & Appeals

   • DRP, ITAT, CIT(A) procedures

   • Drafting tax appeals

5. Elective II (Choose One)

   • International VAT/GST (OECD guidelines)

   • State VAT & Legacy Laws

Semester 4: Practical Taxation

1. Tax Compliance Software Training

   • Tally.ERP9 (Tax modules)

   • GSTN portal, Income Tax e-filing

2. Tax Research & Dissertation

   • Case study analysis (e.g., Vodafone tax case)

   • Comparative tax regimes study

3. Internship/Viva

   • CA firm/Corporate tax department training

   • Mock tax assessment interviews

4. Emerging Trends

   • Cryptocurrency taxation

   • Pillar 2 Global Minimum Tax