Tax Planning& Management

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

 Familiarize the students with latest provisions of Indian Tax Laws

·       Derive maximum possible tax benefits admissible under the law

 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

 ATG 423

 

Tax Planning & Management

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:  Discuss the advantages and disadvantages of various forms of organizations based on different parameters

CO 106:  Develop working knowledge regarding legitimate ways of tax planning under different financial/ managerial decisions taking into considerations the impact of direct tax laws.

CO 107: Understand the concept of GAAR and SAAR related to International tax avoidance agreements.

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

 

 

12.00
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), Ramsay vs. Inland Revenue commissioners
System of Advance Ruling

20.00
Unit II: 
Unit II

Personal Tax Planning of an Individual Assessee: Tax Planning with reference to an Individual

18.00
Unit III: 
Unit III

Corporate Income Tax in India: Form of organization Location aspects, Nature of Business .Tax Planning with reference to Corporate restructuring.
Tax Planning in reference to employee remuneration.Tax planning in context of court rulings and legislative amendments.Tax planning Management Cell

20.00
Unit IV: 
Unit IV

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.

20.00
Unit V: 
Unit V

GAAR: The Indian GAAR,Applicability, Impermissible Avoidance Agreement and its consequences, Arrangement to lack commercial substance GAAR vs SAAR

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.AShrivastva
3.Law of Income Tax- A.C Sampath, Iyenger(Bharat Publishing House Allahabad)

Academic Year: 
2021-2022
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