Tax Planning

Paper Code: 
25AAF515
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

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.

Course Outcomes: 

Course

Course Outcomes

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

 

 

 

 

 

 

 

 

25AAF515

 

 

 

 

 

 

 

 

Tax Planning (Theory)

CO181:                    Demonstrate        an understanding of the concept of

Tax Planning, Tax Evasion, Tax Avoidance and Tax Management

Approach in teaching:

Interactive                      Lectures, Discussions,  Tutorials,

Continuous Assessment

Test, Semester

and      gain            knowledge            of residential status

CO182: Evaluate knowledge of exemptions U/S 10.

CO183: Apply provisions of tax planning related to salary, house property and capital gain CO184: Analyze summarized provisions     of                    tax                    planning related to investments, clubbing and set off

CO185: Assess tax planning with           reference           to           different

Problem                         solving sessions, Presentations

 

 

Learning activities for the students:

Self-

learning assignments, Case Study Analysis, Presentations,                          Group Discussions

End Examination s,          Quiz, Solving Numerical Problems, Assignments, Class Presentations

, Individual and group projects.

aspects of business

CO186: Contribute effectively

 

in course – specific interaction.

 

 

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
Unit II: 
Exemptions u/s 10:

● Incomes which do not form part of the total income: Exemptions of section 10

9.00
Unit III: 
Tax Planning with Reference to Salary and Capital Gains:

● Tax Planning with reference to Salary Income (Sec 16), House property (Sec24) and capital gains (Sec 54)

9.00
Unit IV: 
Tax Planning with Reference to New Tax Regime, Set Off, Deemed Income and Investments:

● Tax Planning with reference to new tax regime Section 115 BAC
● 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
Unit V: 
Tax Planning with Reference to Different Areas:

● Form of organization, Location aspects, Nature of Business. employee remuneration
● Tax planning for Financial Management and Capital Structure

Essential Readings: 

1. Professional Approach to Direct Taxes- Girish Ahuja & Ravi Gupta (Bharat Law House Pvt Ltd, New Delhi
2. Direct Tax Planning and Management- Vinod. K. Singhania (Taxmann’s
3. Tax Planning- RBD Publications

References: 

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

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. The Chartered Accountant
2. Tax World

Academic Year: 
2025-2026
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