Tax Planning (Theory)

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 (COs):

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ATG 517

Tax Planning

CO 1:Students will be able to understand the framework of Income Tax Laws and Tax Planning.

CO 2:Get knowledge of exemptions U/S 10.

CO 3:Understand summarized provisions of tax planning related to salary, house property and capital gain.

CO 4:Understand summarized provisions of tax planning related to investments, clubbing and set off.

CO 5: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

 

9.00
Unit II: 
Tax Planning relating to residential status
  • Incomes which do not form part of the total income: Exemptions of section 10
9.00
Unit III: 
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 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
References: 
  • Direct Tax Planning and Management- Vinod. K. Singhania(Taxmann’s
  • Tax Planning- N. K Sharma(Ramesh Book Depot)
  • Tax Planning via Status in Direct tax matters-Bhargava S.R ,& Jain N.L
  • Corporate Tax Planning-E.A Shrivastva
  • Law of Income Tax- A.C Sampath, Iyenger(Bharat Publishing House Allahabad)

 

Academic Year: 
2020-2021
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