Coming soon
Tax Planning
This course will enable the students to familiarize the students with latest provisions of Indian Tax Laws to derive maximum possible tax benefits admissible under the law.
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Course outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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24TPT331 |
Tax Planning (Theory)
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CO37: Demonstrate an understanding of the concept of Tax Planning, Tax Evasion, Tax Avoidance and Tax Management and gain knowledge of residential status. CO38: Acquire knowledge of tax planning provisions related to salary, house property, capital gain, clubbing and set-off. CO39: Assess various investment avenues for minimizing the tax liability of an individual. CO40: Evaluate knowledge of exemptions U/S 10. CO41: Identify taxation aspects to be considered while making managerial decisions. CO42: Contribute effectively in course – specific interaction |
Approach in teaching: Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations
Learning activities for the students: Self-learning assignments, Case Study Analysis, Presentations, Group Discussions |
Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Class Presentations, Individual and group projects.
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• Constitutional Provisions, Tax Planning and Tax Management: Constitutional provisions as regards Taxation in India. Concept of Tax Planning, Tax Management, Tax Avoidance and Tax Evasion and difference between them. Objectives, types, areas and requisites of Tax Planning
• Doctrine of Form and Substance, Doctrine of Precedence
• Judicial Thinking: M/s Mc Dowell and co. ltd vs Commercial Tax officer(SC), Ramsay vs. Inland Revenue commissioners
• Tax Planning with reference to an Individual
• Tax planning with reference to investments
• Deductions under section 80 pertaining to corporate sector
• Tax incentives for industrial development and Tax holidays
• Exemptions of section 10
• Capital Structure Decisions,
• Form of organization, Location aspects, Nature of Business
• Planning in respect to Make or Buy, Own or Lease, Repair or Replace
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
1. Tax Planning via Status in Direct tax matters-BhargavaS.R ,& Jain N.L
2. Corporate Tax Planning-E.A Shrivastva
3. Law of Income Tax- A.C Sampath, Iyenger(Bharat Publishing House Allahabad)
4. Corporate Tax Planning & Business Tax Procedures: V K Singhania
E-Content:
1. https://www.incometaxindia.gov.in/pages/tutorials.aspx
2. https://www.taxmann.com/virtualbooks/product/6695-income-tax-act-2021-vi...
Reference Journals:
1. Tax World
2. Journal of International Accounting, Auditing, and Taxation
