Tax Planning

Paper Code: 
AAF516
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to familiarize the students with latest provisions of Indian Tax Laws to derive maximum possible tax benefits admissible under the law.

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

Tax Planning with reference to Salary Income(Sec 16) , House property(Sec24) and capital gains(Sec 54)
Case studies based on designing pay package

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
Unit IV: 
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

9.00

Incomes which do not form part of the total income

Essential Readings: 

Direct Tax Planning and Management- Vinod. K. Singhania(Taxmann’s
Tax Planning- N. K Sharma(Ramesh Book Depot)

References: 

1.Tax Planning via Status in Direct tax matters-Bhargava S.R ,& Jain N.L
2.Corporate Tax Planning-E.A Shrivastva
3.Law of Income Tax- A.C Sampath, Iyenger(Bharat Publishing House Allahabad)

Academic Year: 
2019-2020
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