TAX PLANNING

Paper Code: 
25TPT331
Credits: 
04
Contact Hours: 
60.00
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 outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

25TPT331

Tax Planning (Theory)

 

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.

 

 

12.00
Unit I: 
Tax Planning

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

12.00
Unit II: 
Personal Tax Planning of an Individual Assessee:
  • Tax Planning with reference to an Individual

 

 

12.00
Unit III: 
Corporate Income Tax in India:

 

  • Tax planning with reference to investments 
  • Deductions under section 80 pertaining to corporate sector
  • Tax incentives for industrial development and Tax holidays

    

 

12.00
Unit IV: 
Incomes which do not form part of the total income:

 

·Exemptions of section 10

  
12.00
Unit V: 
Tax Planning with reference to Managerial Decisions:

 

·Capital Structure Decisions,

·Form of organization, Location aspects, Nature of Business

·Planning in respect to Make or Buy, Own or Lease, Repair or Replace

 

Essential Readings: 

 

  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

 

References: 
  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

 

Academic Year: 
2025-2026
  • Printer-friendly version
  • PDF version