TAX PLANNING

Paper Code: 
ATG 517
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

      Course outcomes

Learning and teaching strategies

Assessment Strategies

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

CO196: Focus the framework of Income Tax Laws and Tax Planning.

CO 197: Evaluate knowledge of exemptions U/S 10.

CO 198: Value summarized provisions of tax planning related to salary, house property and capital gain.

CO199: Analyze summarized provisions of tax planning related to investments, clubbing and set off.

CO200: Basic tax planning with reference to different aspects of business.

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

 

 

9.00
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

9.00

Incomes which do not form part of the total income: Exemptions of section 10 Tax Planning with reference to Salary Income (Sec 16

9.00

Tax Planning with reference to House property (Sec24) and capital gains (Sec 54)
Tax Planning with reference to new Tax regime 115 BAC

9.00

Tax planning with reference to clubbing and set off provisions
Tax planning with reference to investments
Tax incentives for industrial development and Tax holidays

9.00

Tax planning with reference to following areas:
Form of organization, Location aspects, Nature of Business. employee remuneration
Tax planning for Financial Management and Capital Structure

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: 

Bhargava, S.R & Jain N.L . Tax Planning via Status in Direct tax matters
Shrivastva , E. A. Corporate Tax Planning

Academic Year: 
2022-2023
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