Course

Unit 1

Introduction, Corporate Tax Planning, Tax Avoidance, Tax Evasion Taxation of Companies (residential status, tax liability, MAT provision):

Concepts & Objectives, Factors & Methods, Tax Planning and Corporate Planning Different types of Company, Residential status & Incidence of Tax for Corporate Assesses, Taxation of Company, Computation of tax liability, MAT-Provision, MAT Credit.

Unit 2

Dividend tax, Tax planning-I (Location of business) Tax Planning-Nature of business:

Dividend Tax, Types of dividends, Case study on dividend tax, Tax Planning: Employees’ Remuneration, Tax planning: Location of business, Tax Planning: Nature of business- I (Sec. 32AD, 33AB, 3ABA), Tax Planning: Nature of business- II (Sec. 35ABB, 35AD) 43 AD

Tax Planning: Nature of business- III (Sec. 80-IA, 80-IAC, 80-IB, 80-IBA, 80-ID, 80-IE, 80JJA)

Unit 3

Tax Planning-Forms of business Tax Planning-Managerial decision:

Tax Planning: Forms of business -I (Sole proprietorship & Partnership),Tax Planning: Forms of business -II (Partnership & Company), Tax Planning: Forms of business -III (LLP & Company),Tax Planning: Managerial decision-I (Capital structure & dividend policy), Tax Planning: Managerial decision-II (Procurement of assets-Lease vs. purchase), Tax Planning: Managerial decision-III (Procurement of assets-Instalment vs. HP)

Unit 4

Tax Planning-Business Restructuring Tax Planning-Foreign Collaboration:

Tax Planning: Managerial decision-IV (Make or buy), Tax Planning: Scientific Research, Business Restructuring: Amalgamation, Business Restructuring: Demerger- I, Business Restructuring: Demerger including Slump sale- II case Study-I, Case study – II.

Unit 5

Double Taxation Relief and Transfer Pricing, Tax Procedure and Manage:

Double Taxation Relief, Transfer Pricing and International /Cross border taxation, Advance payment, concepts and Problems, Voluntary return of income, Tax Deduction at Source in Different Cases, Procedure of assessment, appeals & Revision, Search Seizure and Assessment, Refund Procedure.

Course Objectives:

To equip the student with knowledge in corporate tax planning.

Course Outcomes:

The students will able:

CO1: To understand the basic concepts of corporate tax planning

CO2: To estimate taxes according to the nature of Business

CO3: To plan the tax structure according to the forms of Business

CO4: To evaluate the tax structure of Business Restructuring and Foreign Collaborations

CO5: To understand Double taxation relief, transfer pricing Tax procedure and Management in Corporates.

References:

• K. Singhania, M. Singhania – Students’ Guide to Income Tax – Taxmann
• Ahuja & Gupta – Direct Taxes Law and Practice – Commercial Laws Publishers
• Website: incometax.gov.in