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.
COURSE OUTCOMES:
Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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ATG 517 |
Tax Planning |
CO188:Students will be able to focus the framework of Income Tax Laws and Tax Planning. CO189:Evaluate knowledge of exemptions U/S 10. CO190:Value summarized provisions of tax planning related to salary, house property and capital gain. CO191:Analyze summarized provisions of tax planning related to investments, clubbing and set off. CO192:Basic tax planning with reference to different aspects of business. |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, Team teaching Learning activities for the students: Self learning assignments, Effective questions, Seminar presentation, Giving tasks. |
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects
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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
Exemptions of section 10
Tax Planning relating to residential status Tax Planning with reference to Salary Income(Sec 16) , House property(Sec24) and capital gains(Sec 54) Case studies based on designing pay package
Tax planning with reference to clubbing and set off provisions
Tax planning with reference to investments
Tax incentives for industrial development and Tax holidays
Form of organization ,Location aspects, Nature of Business .employee remuneration
Tax planning for Financial Management and Capital Structure
1.Direct Tax Planning and Management- Vinod. K. Singhania(Taxmann’s
2.Tax Planning- N. K Sharma(Ramesh Book Depot)
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)