Coming soon
TAX PLANNING
The objective of this course is to familiarize the students with latest provisions of Indian Tax Laws to derive maximum possible tax benefits admissible under the law.
Meaning of tax planning, tax avoidance and evasion of tax
Object of tax planning, concept of maximization of after-tax income, concept of diversion of income and application of income.
Recognized methods of tax planning: Legal diversion of income, implications of the provisions of aggregation of income, getting maximum advantage of tax incentive, tax holidays, allowable deductions and reliefs, set off and carry forward of losses.
Specific areas of tax planning: Tax Planning in respect of capital gains, investment income and structure of salaries and perquisites
Planning of income tax of an individual through specific savings and investments and effect of such planning on after tax income
Tax Planning through Hindu Undivided Family and creation of trust. Tax implications in planning the legal status of business unit, partnership firm, private limited company or public limited company
Tax considerations in specific decisions:
1. To own an asset or take on lease
2. To issue share or debentures
3. To employ or make partner
4. Export v/s Domestic sales
5. Repair of Replace
Problems arising from different concepts of income-legal, economic and accounting
1. How to save income tax by tax planning-R.N Lakhotia(Vision Books New Delhi)
2. Direct Tax Planning and Management- Vinod. K. Singhania(Taxmann’s
3. Tax Planning- Prof. C.K.Shah (Ramesh Book Depot)
4. Tax Management- R.N Lakhotia
5. Tax Planning via Status in Direct tax matters-BhargavaS.R ,& Jain N.L
6. Corporate Tax Planning-E.A Shrivastva
7. Law of Income Tax- A.C Sampath, Iyenger(Bharat Publishing House Allahabad)
