Co-operation or Taxation?
CO-OPERATION OR TAXATION
It’s a common question among commerce students whether to choose co-operation or taxation. Co-operation and taxation are different area of study and they are not related to each other.
Co-operation enables the students to acquire knowledge and skill in Co-operation and Management. Further, it enhances the professional skill and talents of the students to manage the Challenges of Co-operative Institutions and allied enterprises.
Taxation is a wide area when compared with co-operation. Opting taxation will help you to learn tax laws which will be beneficial for your career.
Method of study
Co-operation mostly involves theory portions, while taxation is partly about learning tax laws and its application to particular situations. In taxation you will have to do many problems to thoroughly understand tax laws. Studying theory portions (tax laws) only will not serve you well, you should have to learn how to do tax problems too.
Area of study
Co-operation syllabus involves concept, History and development of Cooperation, Cooperative Finance and Banking, Cooperative Auditing etc…. .In graduation taxation syllabus is more about income tax laws and a small portion covering VAT, service tax, wealth tax, TDS etc…
Co-operation will help you to build jobs in co-operative banks and allied sectors.
Taxation will be beneficial while filing income tax return unless you have only a low income (which means financially poor). Tax laws will really help you in pursuing professional courses such as chartered accountancy, company secretary, cost/management accounting, certified financial planner etc…
Co-operative graduates have reserved career prospects in co-operative sector.
Finally it is up to you whether to choose co-operation or taxation with b.com.
ALL THE BEST!