Paper Total Total

Paper Title Credit

Code Sessions hours

5.8 Corporate Tax Planning & Management 20-22 30-32 3

Course Objective

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.