Top M.Com Colleges in Hyderabad 2025: AV College of Arts Science & Commerce IGNOU - ACASCI Complete Guide (Last Date, Cutoff, Placements, Ranking, Process, Criteria, Syllabus)

MCom in Finance And Taxation is a two-year postgraduate program that covers subjects linked to both finance and taxation. This course's primary structure consists of completing analytical assessments of tax returns, researching tax literature, and solving taxation problems. Students are required to investigate the moral and legal requirements that must be adhered to in the tax system as part of their MCom in Finance And Taxation coursework.

Candidates must have a BCom degree from an accredited university with at least 50% of the possible points in order to be eligible for admission to the MCom in Finance And Taxation program. CUCET, DUET, BHU PET, AUCET, and other entrance exams are accepted for admission to MCom in Finance And Taxation courses. Based on their entrance exam results, several universities also interview the shortlisted candidates in a step known as the Personal Interview (PI round).

A strong academic record and a certificate of success in pertinent entrance exams and interviews are prerequisites for admission to Top colleges MCom in Finance And Taxation that offer the course, such as  AV College of Arts Science & Commerce IGNOU - ACASCI, LNCT Bhopal, CSMU Navi Mumbai, SGU Kolhapur, MRU Hyderabad, Meredian College Mangalore, etc. Course fees for MCom Taxation courses typically range from INR 12,000 to INR.

Following completion of the MCom in Finance And Taxation course, applicants can get employment with prestigious recruitment firms like Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies, and others in positions like Chief Financial Officer, Audit Manager, Revenue Agent, and Tax Collector. These experts typically earn between INR 4,00,000 and INR 20,00,000 annually.

MCom in Finance And Taxation in Detail
For qualified students, the MCom in Finance And Taxation program offers advanced instruction in the principles and procedures of federal, state, and local taxes.

• Additionally, the course covers teaching students how to give tax advice to people and organizations that require it.
• In summary, the course prepares qualified students to work for and support the Indian Revenue Service (IRS), State Departments of Revenue, and other organizations. 
• Taxation is a government system mechanism or system that exists to collect money from individuals who earn taxable income in order to pay for various public amenities like public parks, roads, libraries, public transportation, etc., as most earning citizens of any nation may be aware.
• Direct taxes and indirect taxes are the two primary categories of taxes. Since income tax, corporate tax, and other taxes are paid to the government directly by taxpayers, they are referred to as direct taxes. Taxes paid to the government in an intermediary manner are known as indirect taxes. They apply to a variety of commodities and services that are referred to by different names, such as sales tax and service tax.
• Some auditors conduct audits for various people or organizations in order to look for any irregularities or inconsistencies.

Why Learn About MCom in Finance And Taxation?
A MCom in Finance And Taxation is a great option for BCom graduates who aren't sure which subject to pursue for their MCom in Finance And Taxation. A post-graduation degree in MCom in Finance And Taxation offers an excellent syllabus that would look highly intriguing to any motivated student.
Additionally, a graduate in MCom in Finance And Taxation has a plethora of employment options with attractive compensation ranges. The greatest postgraduate course for Master of Commerce students to get ready for professional certifications in accounting, finance, and taxation is this one.

The course is ideal for providing students with a strong foundation in accounting, finance, and taxation—the goal of any driven BCom graduate. Students who have a solid foundation and understanding of these subjects are also more equipped to take on managerial and leadership responsibilities in the financial industry.
The most recent tax ideas, procedures, and legislation can be well understood by a student who chose MCom in Finance And Taxation as their major post-graduation study. This post-graduation course helps students develop the analytical and communication skills necessary for the finance, accounting, and taxation fields, thereby preparing them for a bright career.

Investment analyst, marketing manager, market analyst, investment banker, operation manager, personal finance consultant, securities analyst, money manager, senior accountant, financial analyst, etc. are the most pertinent positions for which MCom in Finance And Taxation postgraduates are engaged. Teachers who are enthusiastic about teaching and the subject will have a growing opportunity as the universities that provide this course also hire teachers.

Admission to MCom in Finance And Taxation
The majority of universities that offer the MCom in Finance And Taxation course choose their students through an entrance exam-based admissions process.

• Interviews and rounds of group discussions typically follow the entrance exam.
• Each candidate will be evaluated according to their performance in each phase, and the top applicants will be selected and admitted to the appropriate universities.
• Some universities don't use the admission exam system. Admission to these colleges is determined by the quality of the applications.
• Those with the highest undergrad scores and merit have the best opportunity in this scenario. 
  

Eligibility of {[COURSE_NAME]] from AV College of Arts Science & Commerce IGNOU - ACASCI

• A BCom graduate is the most crucial need for applying for MCom Taxation at Indian institutions and universities.
• The majority of universities require applicants to have earned a minimum of 50% of the possible points in their BCom degree.
• As their primary areas of study, BCom graduates must also possess strong knowledge of courses like accounting, mathematics, and economics.
• Candidates who fall under the reserved category are eligible for a 5% mark relaxation.
• State universities offer their native-born students a certain amount of relaxation. 
  

Entrance Exams
In order for undergraduate students to be admitted to postgraduate programs, the majority of colleges  (AV College of Arts Science & Commerce IGNOU - ACASCI)have recently made criteria passing Common entrance exams a requirement. The situation is the same as applying to prestigious universities for admission to the MCom in Finance And Taxation course.
Among the large number of applicants, the admission exam serves as a filter to identify possible candidates.

In India, the most often used entrance exams for MCom in Finance And Taxation include DUET, OUCET, SKUCET, AUCET, and others. Since the pandemic is still going strong, the majority of these entrance exams are not administered online.

Nonetheless, some universities continue to administer entrance exams online, such as Delhi University. There are often two rounds to the entrance exams. The first is the written exam, which aids in evaluating the candidates' subject-matter expertise and their ability to show up for the test on time.
For the written phase, a cut-off score will be established, and applicants who get higher scores are invited to the interview round. Admission to the MCom Taxation program at the individual colleges is assured for the majority of candidates who advanced to this stage.

Tips for Preparing for Entrance Exams

• The most important of advice for candidates preparing for the MCom in Finance And Taxation Entrance Exam is to begin studying months in advance.
• Make a schedule for studying and going over the key subjects.  MCom Entrance Test Book, which covers material from classes 12 and B, to help you study for the MCom Taxation Entrance Examination. Com. 
• The topics covered in the book will be sufficient to cover the MCom in Finance And Taxation entrance exam syllabus. Compared to other competitive exams, MCom in Finance And Taxation exams are reportedly easier.
• The primary purpose of the MCom in Finance And Taxation Entrance Exams is to assess each applicant's knowledge of commerce and related subjects. Therefore, any BCom graduates with an understanding of the subjects can perform well on the entrance exams.
  

MCom in Finance And Taxation Syllabus for AV College of Arts Science & Commerce IGNOU - ACASCI

The MCom in Finance And Taxation Syllabus for AV College of Arts Science & Commerce IGNOU - ACASCI primarily covers the various taxation principles and the associated ethical considerations. The curriculum ensures that students fully understand how the system functions and aids in the development of leadership and communication abilities, which are essential for all positions in this industry.

SEM 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

SEM 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

SEM III

Law of Direct Taxes and Practices - Income Tax Paper V

Tax deduction and collection at source (Section 192 to 206C)

Interest and refund of excess payment

Appeals and Revisions (Section 246 to 264)

Penalties and Prosecutions (Section 270 to 280)

Assessment, Demands, Recovery and Refund

Adjudication, appellate and Revision provisions

Scope of MCom in Finance And Taxation from AV College of Arts Science & Commerce IGNOU - ACASCI, Hyderabad
A graduate with an MCom in Finance And Taxation has an abundance of employment options. Both the public and commercial sectors have increasing  hiring opportunities for an MCom in Finance And Taxation graduate.

• In colleges and institutions that offer the MCom in Finance And Taxation study, students can also choose to become teachers.
• Accountant, Auditor, Tax Policy Analyst, Employment Tax Specialist, Personal Finance Consultant, and other roles are available to those with an MCom in Finance And Taxation degree.
• The majority of institutions and corporate organizations employ tax professionals to assist in conducting their operations in an ethical and efficient manner.
• MCom in Finance And Taxation graduates are also employed by government auditing and related institutions that are part of the government sector. Graduates of MCom Taxation programs can also excel as IRS employees. 
  

Admission in 2024 in AV College of Arts Science & Commerce IGNOU - ACASCI
Admissions for MCom in Finance And Taxation, which is offered by AV College of Arts Science & Commerce IGNOU - ACASCI, Hyderabad and other numerous universities around India, are now open for the 2024 academic year.

• To be eligible for admission to their colleges, the majority of them need candidates to receive the minimum passing scores stated by them in their individual entrance exams.
• This is a list of a few of the several institutions that use an entrance-based admissions system. 
  

College Name	Average Fees
AV College of Arts Science & Commerce IGNOU - ACASCI	Rs. 1 Lakh - Rs. 2 Lakh
Acharya Nagarjuna University, Andhra Pradesh	INR 11,500
Annamalai University, Tamil Nadu	INR 7,000
Assam University, Assam	INR 16,895
Avinashilingam University for Women, Coimbatore	INR 4,400
University Of Rajasthan, Jaipur	INR 20,000
Bangalore University, Bengaluru	INR 7,000

Leading Recruiters
At the time of placement each year, prominent recruiters approach the majority of universities that offer MCom in Finance And Taxation. These are a few of the leading businesses and institutions that employ MCom in Finance And Taxation graduates.

Tata Consultancy Services Limited, a division of Genpact

WNS Worldwide Services

Wipro Technologies Ltd., Heavy Engineering Corporation Limited (HEC Ltd.),

National Small Industries Corporation Limited (NSIC),

Tata Motors

Bharat Sanchar Nigam Limited (BSNL) 

FAQs

Que  Does employment in taxation require an MCom in Finance And Taxation?

Yes. To obtain a taxation job, an MCom in Finance And Taxation degree is not required. Nonetheless, obtaining a taxation position requires at least a BCom degree, and a post-graduation degree will help expand one's professional options.  To persue MCom in Finance And Taxation from AV College of Arts Science & Commerce IGNOU - ACASCI, Contact AV College of Arts Science & Commerce IGNOU - ACASCI .

Que For whom is MCom in Finance And Taxation applicable?
Criteria for B.Com. Taxation Eligibility

Candidates must have passed a recognized board's 10 + 2 or equivalent test in any field. The applicants have no compartment in any of the disciplines at the time of admission.

Que Is a B.Com. student eligible to work as an income tax officer?

It is possible for a BCom student to work as an income tax officer. The main path to becoming an Income Tax Officer in India is to take the Staff Selection Commission Combined Graduate Level (SSC CGL) exam, which candidates can take after earning their BCom degree.

Que What is an accounting and taxes master's degree?

A special two-year degree that focuses on accounting and taxation is the MCom in Finance And Taxation. The curriculum gives participants a unique chance to learn in-depth and thorough accounting, auditing, and taxes information.

Que What does tax management include?
The scope of tax management encompasses the following: the collection of taxes at the source, the maintenance of accounts, the payment of various amounts by the due dates, the provision of tax returns, the review of orders, the fulfillment of requirements to claim exemptions, the auditing of accounts, the maintenance of documentation, the payment of advance tax, and the necessary deduction of tax at the source.

Que What are the primary objectives of taxes?

Revenue generation for the government, wealth redistribution to lessen economic inequality, economic activity regulation, social welfare promotion, and fiscal policy stabilization are the goals of taxation.

Que Is MCom in Finance And Taxation difficult?
Academic Rigor: Completion of MCom programs requires a deep comprehension of intricate accounting, finance, and economic principles. Students may find academics, tests, and assignments challenging. Time management: It can be difficult to balance obligations to your family, job, and education.