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.
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.
Personal Tax Planning of an Individual Assessee: Tax Planning with reference to Section 16, 24, 54. Deductions from Gross Total Income.
Corporate Income Tax in India: Company and allied concepts, Residential status and tax incidence on companies, Minimum Alternate Tax.
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.
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.
1.Direct Tax Planning and Management- Vinod. K. Singhania(Taxmann’s
2.Tax Planning- N. K Sharma(Ramesh Book Depot)
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)
Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/tax-planning
[2] https://accountingtaxation.iisuniv.ac.in/academic-year/2018-2019