Tax Planning

Paper Code: 
ATG-423
Credits: 
6
Contact Hours: 
90.00
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.     

18.00
Unit I: 

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.

Tax Planning: Objectives, types, areas and requisites.

18.00
Unit II: 

Personal Tax Planning of an Individual Assessee: Tax Planning with reference to Section 16, 24, 54. Deductions from Gross Total Income.

18.00
Unit III: 

Corporate Income Tax in India: Company and allied concepts, Residential status and tax incidence on companies, Minimum Alternate Tax, 

18.00
Unit IV: 
Tax Planning with reference to Setting up of a new Business: 
Tax Planning in reference to location of business, nature of business, form of business.
18.00
Unit V: 

Tax Planning with reference to Managerial Decisions: Capital structure Decisions, Bond Washing Transactions and Bonus shares.

Planning in respect to Make or Buy Own or Lease, repair, replace, renewal and renovation. 

Essential Readings: 

1..Direct Tax Planning and Management- Vinod. K. Singhania(Taxmann’s

2.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)

Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless

 

Academic Year: 
2017-2018
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