Corporate Tax Planning

The Tax system is an important subject to study. In India almost every university has included this subject in the syllabus of post graduate levels of study. Corporate tax planning is a specific and specialized area where the students may acquire knowledge on the subject. Corporate tax planning as a subject is very interesting to know how the corporate assesses plan to utilize various provision as provided in the Income Tax Act 1961 with an objective to minimize their tax liability. The students and practitioners in this field have to keep themselves updated with Finance Act applicable for respective financial year. The present 4-credit course aims to give an idea on various approaches of tax planning and ways to minimize the tax liability within the legal framework

COURSE LAYOUT

Unit 1: Introduction, Corporate Tax Planning, Tax Avoidance, Tax Evasion
M-1: Concepts & ObjectivesM-2: Factors & MethodsM-3: Tax Planning and Corporate PlanningM-4: Different types of Company

Unit 2: Taxation of Companies (residential status, tax liability, MAT provision) M-5: Residential status & Incidence of Tax for Corporate AssesseeM-6: Taxation of Company-Computation of tax liabilityM-7: MAT-ProvisionM-8: MAT Credit
Unit 3: Dividend tax, Tax planning-I (Location of business) M-9: Dividend Tax-Types of dividendM-10: Case study on dividend taxM-11: Tax Planning- Employees’ RemunerationM-12: Tax planning-Location of business
Unit 4: Tax Planning-Nature of business M-13: Tax Planning- Nature of business- I (Sec. 32AD, 33AB, 3ABA)M-14: Tax Planning- Nature of business- II (Sec. 35ABB, 35AD)M-15: Tax Planning- Nature of business- III (Sec. 80-IA, 80-IAC, 80-IB, 80-IBA, 80-ID, 80-IE , 80JJA)

Unit 5: Tax Planning-Forms of business M-16: Tax Planning -Forms of business -I (Sole proprietorship & Partnership)M-17: Tax Planning -Forms of business -II (Partnership & Company)M-18: Tax Planning -Forms of business -III (LLP & Company)
Unit-6: Tax Planning-Managerial decision M-19: Tax Planning-Managerial decision-I (Capital structure & dividend policy)M-20: Tax Planning-Managerial decision-II (Procurement of assets-Lease vs. purchase)M-21: Tax Planning-Managerial decision-III (Procurement of assets-Instalment vs. HP)
Unit-7: Tax Planning-Business Restructuring M-22: Tax Planning-Managerial decision-IV (Make or buy)M-23: Tax Planning-Scientific ResearchM-24: Business Restructuring-Amalgamation
Unit-8: Tax Planning-Foreign Collaboration M-25: Business Restructuring-Demerger- IM-26: Business Restructuring-Demerger including Slump sale- II M-27: Case Study-IM-28: Case study -II

ASSIGNMENT-I (WEEK 9)

Unit 9: Double Taxation Relief and Transfer pricingM-29: Double Taxation Relief

Unit 10: Tax Procedure and Management- I
M-30: Transfer Pricing and International /Cross border taxationM-31: Advance Payment-Concepts and ProblemsM-32: Voluntary return of income
Unit 11: Tax Procedure and Management-II M-33: Tax Deduction at Source in Different Cases-IM-34: Tax Deduction at Source in Different Cases –II

Unit 12: Procedure and Management- III M-35: Procedure of assessment, appeals & Revision -IM-36: Procedure of assessment, appeals & Revision -II

Unit 13: Procedure and Management- IV M-37: Search, Seizure and Assessment -IM-38: Search, Seizure and Assessment -IIM-39: Refund Procedure
ASSIGNMENT -II (WEEK 14)

Final test