Tax Planning

Paper Code: 
ATG-423
Credits: 
6
Contact Hours: 
90.00
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.

12.00
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.

Tax Planning: Objectives, types, areas and requisites.

20.00
Unit II: 

Personal Tax Planning of an Individual Assessee: Tax Planning with reference to Section 16, 24, 54. Deductions from Gross Total Income.

18.00
Unit III: 

Corporate Income Tax in India: Company and allied concepts, Residential status and tax incidence on companies, Minimum Alternate Tax.

20.00
Unit IV: 

Tax Planning with reference to Setting up of a new Business:
Tax Planning in reference to location of business, nature of business, form of business.

20.00
Unit V: 

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.

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: 
2018-2019
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