Choosing the Right Optional Subject for BLS LLB 8th Semester: Comprehensive Guidance on Criminology, Bankruptcy, and Taxation

Deciding on the right optional subject for your BLS LLB 8th semester can be daunting, especially when you have already covered significant areas such as Insolvency Law (IBC) and Taxation Law in your previous semesters. The choice should be made based on your personal interests and long-term career aspirations. In this article, we will explore how you can effectively choose between the optional subjects Criminology, Bankruptcy (specifically Insolvency and Bankruptcy Code, 2016, or IBC), and Taxation. We will also provide guidance on how to study these subjects and make an informed decision.

Overview of Exam and Study Strategies

When choosing an optional subject, it is crucial to understand that you will need to memorize key concepts, learn case laws, and be well-prepared for the exam. A systematic approach can significantly enhance your chances of excelling. Let's break down the recommended steps:

1. Review the Syllabus

Thoroughly review the module descriptions for Criminology, Bankruptcy, and Taxation in your syllabus. Understanding the scope and breadth of each subject will help you gauge the areas that interest you the most. This step is foundational as it sets the stage for your further research and decision-making.

2. Consult Additional Resources

Refer to textbooks, academic journals, and case laws to gain a deeper understanding of each subject. These resources can provide valuable insights and help you identify key topics and themes. For example, Taxation Law covers a wide range of topics including:

A brief overview of the Income Tax Act 1961 Computation of income for both resident and non-resident individuals and HUF (Hindu Undivided Family) Taxation of natural and legal persons Authorities under the Income Tax Act and their powers and functions Structure, powers, and functions of the Goods and Services Tax Council (GST Council) Offences and penalties under the Act

Similarly, Bankruptcy Law (IBC) delves into:

The object and applicability of the Insolvency and Bankruptcy Code 2016 The insolvency resolution and liquidation process Cross-border insolvency issues

Criminology, on the other hand, focuses on analyzing and understanding criminal behavior and the justice system. You can consult with seniors or ask your professors for guidance to align the subject with your career goals.

3. Make an Informed Decision

After reviewing the syllabus and additional resources, consider your personal interests and career aspirations. Here are some questions to guide your decision:

Are you more interested in understanding how the justice system works and how crimes are prosecuted and resolved? Do you enjoy analyzing laws that impact business operations and financial situations? Do you want to explore the intricacies of how society manages and responds to criminal behavior?

Your answers can help you make an informed choice that aligns with your interests and future career goals.

Resources for Effective Studying

Regardless of the subject you choose, effective studying habits are crucial. Here are some resources that can help you:

Books

Taxation Law: A comprehensive textbook such as "Tax Law" by Thomas P. Keane Bankruptcy Law (IBC): "Insolvency and Bankruptcy Code, 2016: A Practical Guide" by Shyam Charan Aggarwal Criminology: "Criminology: A Text Handbook" by Thomas Blomberg, Dean Gibbons, And Steve Schutt

Caselaws and Articles

Access relevant case laws from legal databases like Use journals such as the Journal of Financial Regulation and Compliance for insights on financial regulation and taxation Explore criminology journals like the Journal of Criminal Justice and Popular Culture

Conclusion

Choosing the right optional subject in your BLS LLB 8th semester is an important step towards achieving your academic and professional goals. By following a structured approach, reviewing the syllabus, consulting additional resources, and making an informed decision based on your interests and career aspirations, you can enhance your learning and future prospects. Whether you choose to delve into the intricacies of tax law, the dynamics of insolvency and bankruptcy, or the complexities of criminology, being well-prepared will undoubtedly lead to a successful and rewarding academic experience.