Tax Planning

Paper Code: 
ATG 517
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.

COURSE OUTCOMES:

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

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

 

 

 

 

 

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: 
Incomes which do not form part of the total income

Exemptions of section 10

9.00
Unit III: 
Tax Planning

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

9.00
Unit IV: 
Tax Planning

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 following areas:

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

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)

Academic Year: 
2021-2022
  • Printer-friendly version
  • PDF version