The document outlines a course on corporate tax planning and management. It provides details on course objectives, outcomes, teaching pedagogy, evaluation, and content which includes 5 units covering topics like tax planning concepts, corporate taxation, managerial decisions, remuneration planning, and goods and services tax.
The document outlines a course on corporate tax planning and management. It provides details on course objectives, outcomes, teaching pedagogy, evaluation, and content which includes 5 units covering topics like tax planning concepts, corporate taxation, managerial decisions, remuneration planning, and goods and services tax.
The document outlines a course on corporate tax planning and management. It provides details on course objectives, outcomes, teaching pedagogy, evaluation, and content which includes 5 units covering topics like tax planning concepts, corporate taxation, managerial decisions, remuneration planning, and goods and services tax.
The document outlines a course on corporate tax planning and management. It provides details on course objectives, outcomes, teaching pedagogy, evaluation, and content which includes 5 units covering topics like tax planning concepts, corporate taxation, managerial decisions, remuneration planning, and goods and services tax.
To provide working knowledge tax planning and provide insight into various devices available to minimize the tax bill. After completion of the syllabus student should be able to appreciate enormous amount of activities in direct taxes being undertaken by Finance Ministry to provide stable and equitable platform to all industries and how corporate undertakings diverts the flow of new investment in tax lucrative zones.
Course Outcomes (COs)
By the end of this course the students will be able to:
CO 1: Developing an understanding in the concept of tax planning.
CO 2: Enhancing decision making skill to ensure sustainability in business through tax planning. CO 3: Gaining insight as regards to the tax laws for non-residents. CO 4: Understanding the complex tax laws with reference to mergers & demergers. CO 5: Learning tax planning in India through various decided court cases.
Course Outcomes - Program Outcomes (POs) Matrix
PO 1 PO 2 PO 3 PO 4 PO 5 Expected to To engage in life Expected to Ability to identify, Ability to use understand long self-learning demonstrate analyse, present relevant and theoretical & apply appropriate ethical business issues and advanced framework of programme individual & make quantitative information & COs management learning to collaborative and qualitative communicatio fundamentals practical business behavioural decisions in the n tools situations dimensions at work respective and in society specialization
CO 1 3 1 1 1 -
CO 2 3 3 2 1 -
CO 3 3 1 1 1 -
CO 4 3 1 2 2 -
CO 5 3 2 2 2 -
Teaching Pedagogy
The focus will be on interactive learning through lectures and class room discussions. Besides, the students may also be required to work on class / assignments / project reports, on individual or group basis. Teaching aids include white board, audio-video and other relevant tools. Evaluation Pattern
Internal Assessment 40%
End Term Examination 60%
Course Content
UNIT TOPICS SESSIONS
Taxation and Concept of Tax Planning Concept of Tax Tax planning, Tax Avoidance and Tax Evasion 1 Deduction under section 80-C to 80-U 6 Computation of taxable income of an person (covering various heads of income) Tax Planning for non-residents. Double Taxation. Corporate Taxation Meaning of company and computation of tax liability. Minimum Alternate Tax on Companies 2 Special Provisions relating to Tax on Distributed Profits of Domestic 4 Companies Tax provisions relating to free trade zones. Tax planning for new business. Specific managerial and financial decisions Tax considerations in respect of specific managerial decisions like Make or Buy, Own or Lease, Close or Continue, Sale in Domestic 3 Markets or Exports. 4 Transfer pricing (in India and between India and other countries) and tax implications
Remuneration Planning & Tax Management
Case studies on planning of salary packages or employees on different 4 managerial positions so as to minimize the tax bill. Deduction 4 available in respect of remuneration in the hands of employer. Penalties and Prosecutions, Appeals and Revisions. Advance Ruling Goods and services Tax act( GST) Concept of GST and its working IGST 5 SGST 3 Tax category in GST Item exempted from GST
Suggested Readings:
Fundamental of Goods & Services Tax, FCA. Vineet Gupta & Dr. N.K. Gupta, Bharat’s Corporate Tax Planning & Management, Dr. Girish Ahuja & Dr. Ravi Gupta, Wolters Kulwer Corporate Tax Planning & Business Tax Procedures, Dr. Vinod K. Singhania & Dr. Monica Singhania, Taxmann’s The list of cases and specific references including recent articles will be announced in the class.
