TAX PLANNING AND MANAGEMENT

Paper Code: 
ATG 423
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (Cos)

Learning and teaching strategies

Assessment Strategies

  
 

CO 103:  Understand the concept of tax planning, avoidance, evasion and management and differentiate between them.

CO 104:  Develop an understanding of individual tax planning having different types of income. 

CO 105:  Develop an understanding of tax planning of non - corporate entities. 

CO 106:  Develop knowledge regarding tax planning of Corporate Entities.

CO 107: Understand the concept of old tax regime vs New tax regime and its implications.

CO 108: To make them to be a tax consultant in preparing the tax planning, tax management, Payment of Tax and filing of tax returns.

Approach in teaching: Interactive Lectures, class Discussion, Tutorials, Reading assignments

 

 

Learning activities for the students: To give  assignments & Application based questions

 

Class test, Semester end examinations, Quiz, Solving Numerical problems in tutorials, Assignments, Class Presentation

 

  

 

18.00
Unit I: 
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. 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), System of Advance Ruling

18.00
Unit II: 
Unit II
  • Personal Tax Planning of an Individual Assessee : Tax Planning with reference to an Individual
 

 

18.00
Unit III: 
Unit III

• Tax Planning for Non-corporate Entities: Partnership Firms
• Areas of Tax Planning: Form of organization Location aspects, Nature of Business; Tax incentives, Tax Holidays and other relief

18.00
Unit IV: 
Unit IV

• Tax Planning for Corporate Entities, Public and Private Companies

18.00
Unit V: 
Unit V

• Old Tax Regime VS New Tax Regime: Calculation mechanism, Process of Adoption for New tax regime.

Essential Readings: 
  • Professional Approach to Direct Taxes- Girish Ahuja & Ravi Gupta (Bharat Law House Pvt Ltd, New Delhi
  • Direct Tax including Tax Planning and Management- H C Mehrotra

 

References: 

SUGGESTED READINGS:

  • Corporate Tax Planning & Business Tax Procedures: V K Singhania

e-RESOURCES:

JOURNALS:

  • Tax World

 

 

 

 

 

Academic Year: 
2022-2023
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