Published on Accounting and Taxation (https://accountingtaxation.iisuniv.ac.in)

Home > TAX PLANNING AND MANAGEMENT

TAX PLANNING AND MANAGEMENT [1]

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 [4]

Follow Accounting and Taxation on:

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India Phone:- +91-141-2400160-61, 2397906-07, Fax: 2395494, 2781158

Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/tax-planning-and-management

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/tax-planning-and-management
[2] https://www.incometaxindia.gov.in/pages/tutorials.aspx
[3] https://www.taxmann.com/virtualbooks/product/6695-income-tax-act-2021-virtual-book
[4] https://accountingtaxation.iisuniv.ac.in/academic-year/2022-2023