SVKM’s Narsee Monjee Institute of Management Studies

Name of School – SBM, Bangalore

Program: PGDM Trimester: VI

Course/Module : Corporate Tax Planning Module Code:

Teaching Scheme Evaluation Scheme
Lecture Practical Term End
Tutorial Internal Continuous
(Hours (Hours Examinations (TEE)
(Hours per Credit Assessment (ICA)
per per (Marks-40)
week) (Marks–60)
week) week) in Question Paper)
-3- 3 Marks Scaled to Marks Scaled to
- -
-60- -40-
Pre-requisite:
Conceptual understanding of Financial Accounting and Working Knowledge of Spreadsheets.

Objectives:
1. Provide the participant a broad understanding of “Direct Taxes” levied on a firm.
2. Provide knowledge of the Law, Principles and Practice of Income Tax, as applicable for Individuals
and Businesses;
3. Generate the ability to apply the knowledge of the Income Tax laws applicable in India to the
situations in business;
4. Provide an overview of Goods and Service Tax (GST) laws and implications;

Outcomes: After completion of the course, students would be able to:

1. Use the provisions of Income Tax Law applicable in India.
2. 2. Utilize their understanding about income tax in their business decisions.
3. Perform their managerial functions in GST environment.

Detailed Syllabus: ( per session plan )

Session Description Duration

in Hours
1 Basic Concepts that one Must Know 1.5
 Understanding of basic concepts of Income Tax
2 Residential Status and its Tax Incidence 1.5
 Analyze the implications of how residential status is determined and
what role residential status plays in tax incidence
3-5 Income Under the Head ‘Salaries’ and its Computation 4.5
 Analyze and Calculate taxable salaries
6 Income Under the Head ‘Income from House Property’ and its Computation 1.5
 Analyze and Calculate house property
7-9 Income Under the Head ‘Profits and Gains of Business and Profession’ and its 4.5
Computation
 Analyze and Calculate profits and gains of business and profession
10 Income Under the Head ‘Capital Gains’ and its Computation 1.5
 Analyze and Calculate capital gains
11 Income Under the ‘Income from other Sources’ and its Computation 1.5
 Analyze and Calculate income from other sources
12-13 Permissible Deductions from Gross Total Income 3
 Understanding what deductions are available from gross total income
14 Computation of Total Income of Individuals 1.5
 SVKM’s Narsee Monjee Institute of Management Studies

Name of School – SBM, Bangalore

 Analyze computation of total income of individuals

15-16 Computation of Total Income of Companies 3

 Analyze computation total income of companies
17 Advanced Payment of Tax 1.5
Deduction and Collection of Tax at Source (TDS/TCS)
 Analyze advanced payment of tax and TDS/TCS
18-20 Introduction to GST 4.5
Getting an overview of GST with important issues like registration, input tax
credit, return filling, assessment procedures
Total 30

Text Books:
Direct Taxes Law & Practice, Vinod K Singhania  Kapil Singhania, Taxmann, Latest Edition (DTLP)

Reference Books:
 Students Guide to Income Tax, Monica Singhania, Vinod K. Singhania, Taxmann, Latest Edition
 Practical Approach to Income Tax, Dr. Girish Ahuja & Dr. Ravi Gupta, Bharat, Latest Edition
 GST, V.S. Datey, Taxmann, Latest Edition (GST)

Any other information :

Total Marks of Internal Continuous Assessment (ICA) : 60 Marks
Distribution of ICA Marks :

Description of ICA Marks

Quizzes/ Internal Class Tests 20
Class Participation/ Course Project 20
Mid-Term Exam 20
Term-End Exam 40
Total Marks : 100

_________ ____________
Signature Signature
(Prepared by Concerned Faculty/HOD) (Approved by Dean)