DTL (Diploma in Taxation Law) Course

The full form of DTL is a Diploma in Taxation Law that consist of 1-year of duration. It is a professional course including accounting and finance topics. This course mainly focuses on providing in-depth knowledge of income tax, accounting, taxation and finance. Some Institutes offers these courses in two various modes, first is Full-time mode and second is Correspondence mode. 

Quick Review - Diploma in Taxation Law

DTL courses have a huge demand in the tax department. There is a considerable amount of demand both in India and abroad. Candidates after completing the DTL course may apply in the private sector and public sector as well. Usually, the course prospectus comprises two semesters.  The entire course offers theoretical knowledge and practical knowledge that includes direct and indirect taxes. Students who have their future planned to become Charter Accountant should pursue this course. Completing the diploma in Taxation is a very important step since it provides a lot of knowledge of GST, latest version of taxation and must have to prepare to analyze data and calculate them. There is no specific entrance exam for the DTL course also the duration is also different from institute to institute or college to college. After the successful completion of this course, candidates can start from the financial sector, taxation department and financial sectors.

DTL Course Eligibility Criteria:

• Candidates must have passed their 10+2 or equivalent exam in the commerce field from any recognized board.
• Candidates should have scored a minimum percentage to apply for the DTL course.
•  For some colleges, admissions to DTL course are done through the entrance exam. 

Skills required for pursuing Diploma in Taxation Law course:

You need to have some skills for pursuing this course. Let us discuss some of the essential ones.

• You must have a passion for this subject. You must try to gain accurate information about the topic.
• A clear conception of taxation law is also required.
• The most important thing needed is quantitative skills. It is much required.
• You must be a person of solid ethics and passion. This will help to make a better career in taxation law.
• It is okay if you have a good concept of mathematics. This will help you to solve calculations and other mathematical issues.

The admission process to Diploma in Taxation Law course:

You can make an attractive career with this course. However, you have to follow some processes while taking admission to this course.

• You have to complete a 10+2 level from a recognized board or university.
• It is okay if you are from a commerce background. It will help in a better understanding of the subject.
• Most colleges select or admit the students based on the performance of the entrance examinations. Respective colleges conduct these.
• In other cases, students are admitted on the performance in 10+2 level. It depends upon the college in which you are taking admission.
• A minimum percentage of marks are required to get admission to the colleges. It is advised to score a minimum of 60% of marks in the 10+2 level.
• Many colleges also conduct interview sessions for aspiring candidates. This is the most reliable mode of selecting the candidates.

Syllabus of the Diploma in Taxation Law course:

Let us have a glance at the syllabus of the course. The one-year course is divided into two semesters.

Semester I:

• Introduction to accounting
• Streams of accounting
• Basics of financial accounting
• Process of accounting
• Cost accountancy
• Elements of cost.

Managerial accounting

• Material cost
• Labor cost
• Overhead cost
• Marginal costing
• Budgetary control
• Standard costing
• Introduction to taxation system
• Introduction to Direct and Indirect Tax
• Definition
• Residential status of a person, determination of the residential status

Introduction to the Taxation in India

• Taxation of different kinds of persons
• Classification and tax incidence of companies
• Collection and recovery of tax
• Procedure for assessment , appeals, revisions, settlement of cases, and penalties of offences
• Tax planning and tax management
• General laws affecting taxation

Income Tax Act, 1961

• Categories of Companies Act under the Income Tax Act, 1961
• Tax Incidence under Income Tax Act, 1961

Semester II:

• Computation of taxable income under different heads of income
• Computation of total income of an individual, Gross total income, Deductions U/S.
• Income tax calculation, education cess
• Tax deduction at source

Direct Tax:

• Return of income
• Advancement payment of tax
• Method of payment of tax
• Forms of return, refund of tax
• Introduction to GST
• Levy and collection of tax
• Meaning of supply, time of supply of goods and services
• Composition levy
• Input tax credit
• Registration under GST

GST I and GST II

• Processes under GST
• GST Act, 2017
• Offences and Penalties under GST
• Appeals and revisions
• Advance ruling
• Transitional Provisions
• Anti-Profiteering

Scope of Diploma in Taxation Law:

This course has comprehensive options and facilities for the candidates. If you pass and complete the course, you can select any of the options. Most multi-national companies look for candidates who are from taxation backgrounds. You can get a job in any reputed company.  You can also become a tax specialist. If you want, you can join a company as a tax consultant. The post of a financial advisor is also opened to the candidates who have completed this course.

If you wish to do anything independently, you can open your tax firm. This will give you the scope to carry out audits, and other taxation works. The job of an accountant is always open to candidates who are from taxation backgrounds.

Course fee of Diploma in Taxation:

The course fee for Diploma in Taxation may range between INR 15,000 to 1 lakhs depending upon the type of college or institute you have chosen. If you want, you can also take an educational loan that can be repaid after the completion of the course or on getting a suitable job. You can take this loan from banks and other financial institutions.

Top 10 colleges on Diploma in Taxation Law:

Here are some of the best colleges that offer this subject. You can go through them. It will give you good information about the course fees.

Major recruiters of the course:

It is seen that most banking organizations and other financial institutes are interested in selecting candidates from this background. They are well-paid and have good career prospects. If you are once getting selected, you can work here for a long time. This will open new avenues and opportunities for the candidates. You can also learn a lot of information about the subject from this course.

Even many Multinational companies are interested in recruiting candidates with taxation backgrounds. They elect candidates to work in the position of a financial advisor or accountants.