Corporate Tax Laws and Tax Planning

• Background, Concept and Charge of Wealth Tax • Assets, Deemed Assets and Assets Exempt from Tax • Valuation of Assets, Computation of Net Wealth • Return of Wealth Tax and Provisions concerning Assessment

Classification and Tax Incidence on Companies; Computation of Taxable Income and Assessment of Tax Liability, Dividend Distribution Tax, Minimum Alternate Tax and Other Special Provisions Relating to Companies

• Provisions concerning Procedure for Filing Returns, Signatures, E-Filing, Assessment, Reassessment and Settlement of Cases

• Special Procedure for Assessment of Search Cases, E-Commerce Transactions, Liability in Special Cases

• Collection and Recovery of Tax; Refunds, Appeals and Revisions; Penalties Imposable, Offences and Prosecution

• Concept of Tax planning

• Tax planning with reference to setting up a New Business; Location; Nature of Business; Tax Holiday, etc.

• Tax Planning with regard to Specific Management Decisions such as Mergers and Takeovers; Employees’ Remuneration; Voluntary Retirement.  

Tax Planning with reference to Financial Management Decisions such as Borrowing or Investment Decisions; Reorganization or Restructuring of Capital