TAX PLANNING

Paper Code: 
CATG 413
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (Cos):

      Course outcomes

 

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

CO101:Have a broad understanding of the concept of Tax Planning, Tax Evasion, Tax Avoidance and Tax Management and evaluate knowledge of exemptions U/S 10

CO102: Value summarized provisions of tax planning related to salary, house property and capital gain.

CO103: Basic tax planning with reference to different aspects of business

CO104: Analyze summarized provisions of tax planning related to investments, clubbing and set off.

CO105:Understand forms of organization, Nature and Location of Business from the point of view of tax planning

Interactive Lectures, Discussion, Tutorials, assignments and application-based questions

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

 

 

 

 

12.00
Unit I: 
Concept of Tax Planning

• Basic framework of Income Tax Law; Canons of Taxation
• Meaning of Tax Planning, Tax Avoidance and tax evasion; objectives of tax planning,
• Overview of GAAR and SAAR
• Tax Planning relating to residential status
• Incomes which do not form part of the total income: Exemptions of section 10

12.00
Unit II: 
Tax Planning with reference to Salary Income
12.00
Unit III: 
Tax Planning with reference to House property (Sec24) and capital gains (Sec 54)
12.00

• Tax planning with reference to Business and Profession
• Tax planning with reference to clubbing and set off provisions
• Tax planning with reference to investments

12.00
Unit V: 
Tax planning with reference to following areas:

• Form of organization, Location aspects, Nature of Business
• Tax incentives for industrial development and Tax holidays

Essential Readings: 

• Ahuja,G. &Gupta,R. Professional Approach to Direct Taxes. Bharat Law House Pvt Ltd, New Delhi
• Vinod. K. Singhania. Direct Tax Planning and Management. Taxmann’s
• Tax Plannin. RBD Publications

References: 

SUGGESTED REFERENCE BOOKS:
• Bhargava, S.R & Jain N.L . Tax Planning via Status in Direct tax matters
• Shrivastva , E. A. Corporate Tax Planning
e-RESOURCES:
• https://www.incometaxindia.gov.in/pages/tutorials.aspx
• https://www.taxmann.com/virtualbooks/product/6695-income-tax-act-2021-vi...
REFERENCE JOURNALS::
• The Chartered Accountant
• Tax World

Academic Year: 
2023-2024
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