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TAX PLANNING- PRACTICAL
Course Outcomes (Cos):
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Course outcomes |
Learning and teaching strategies |
Assessment Strategies |
|---|---|---|
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On completion of this course, the students will be able to: CO106:Analyze the uses and requirement of PAN in day to day life and practically understand the procedure for procuring PAN Card CO107: Apprehend the process of getting registered on IT Portal and understand different types of Returns CO108: Understand concept of TDS and Advance Payment of Tax. CO109: Understand the concept of old tax regime vs New tax regime and its implications CO110: Analyze and evaluate the latest Finance Act provisions for better understanding of amendments in tax structure |
Interactive Lectures, Discussion, Tutorials, Team teaching
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
• PAN Card and its requirement
• Procedure for filing application for PAN Card
• Linkage of PAN Card and Aadhar Card
• Procedure for registration on the Income Tax Portal
• Types Of ITR: ITR I to VI
• Tax Deducted at Source, Tax Collection at Source
• Advance payment of Tax, Calculation of Interest u/s 234 A, B C
• Old Tax Regime VS New Tax Regime: Calculation mechanism, Process of Adoption for New tax regime.
• Detailed study of the latest Finance Act (Provisions related to Individual Assessee
• Ahuja, G. & Gupta, R. Professional Approach to Direct Taxes. Bharat Law House Pvt Ltd, New Delhi
• Vinod. K. Singhania. Direct Tax Planning and Management.
• Tax Planning. RBD Publications
• 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
SUGGESTED REFERENCE BOOKS:
• Corporate Tax Planning & Business Tax Procedures: V K Singhania
• Bhargava, S.R & Jain N.L . Tax Planning via Status in Direct tax matters
• Shrivastva , E. A. Corporate Tax Planning
e-RESOURCES:
• https://www.incometaxindia.gov.in/pages/tutorials.aspx
• https://www.taxmann.com/virtualbooks/product/6695-income-tax-act-2021-vi...
REFERENCE JOURNALS:
• Tax World
• The Chartered Accountant
• The Economist
• Business World
