Diploma in law of taxes is a kind of commerce course which specifically deals with income tax and other taxes. It is basically to give expertise in the field of law and Taxation to the candidates. Tax is an amount to be paid by any earning individual or a legal entity to the financial in charge of state of central government. Candidates learn about the rules of tax payments, laws and other details about taxation.
This course is open for 12th passed candidates but most of the times, graduates in the related field or even professionals working in the same field pursue this course to have better understanding about it. 12th passed Candidates usually find it difficult because they do not have basic knowledge about it.
This course has 1 year duration but it varies depending upon mode of course ad regular or part time, previous qualification of the candidates and even from institute to institute.
Admission procedure is simple and requires only submission of duly filled application form. Some high profile institutes may ask for an entrance test or an interview for 12th passed candidates to check their basic knowledge about the subject.
Further study options
Candidates who are pursuing this course after their 12th are advice to enroll for graduation which will give them better job opportunities afterwards. Graduates can go for post graduation or Post graduation Diploma in their own field. Other commerce related short term course are also available to have broad dimension of working in future.
The course includes all the topics related to Tax and Laws like Principles of Taxation, Income Tax Laws, Wealth Tax Act, 1957, Income Tax Act, 1961 and many more. Candidates also learn about Customs Act, 1962, Central Sales Tax Act, Central Excise Act, 1944 and Service Tax Act, 1994.
Some other topics like Partition, Hindu Undivided Family, etc are also included in the course. Candidates also learn about Professional Tax, Luxuries Act and Value Added Tax.
The computation part of course includes assessment of individuals and companies, deductions from profits, income and commissions, etc.
The job area is clearly defined for this course and these candidates can work in all the commerce related fields like Tax offices, agencies tax payments, etc. They can assist any Chartered Accountant in computing part of his role.
If interested, candidates can start their own consultancy firm related to tax calculations, incomes, benefits, etc.
Diploma law of taxes Admissions for 2020 - 2021 Academic Year
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