FILENAME: SMBT004.docx
SCHOOL
School of Business
Studies (SBS)
1
2
3
Course No.
Course Title
Credits
TEACHING
DEPARTMENT
Finance
FOR STUDENTS
ADMITTED STARTING
(YEAR) 2014-2015
MBT004
TAX PLANNING & MANAGEMENT
03
3 -1-0 including Workshops & Projects [ L=Lectures; W = Workshops; P = Projects]
Contact Hours
Workshops
Project/Field Work
Assessment
Guided Study
Total hours
Contact Hours
(L-T-P)
4
OPERATIONAL
FROM (ACADEMIC
TERM) – IV 20152016
25
05
10
10
25
75
The basic objective of this course is to provide an in-depth insight into the concept
of corporate tax planning and to equip the students with a reasonable knowledge
of tax planning devices. The focus is exclusively on direct tax.
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Course
Objective
As a Finance Manager, you have to take the various decisions. The objective of
this course is to provide you with the conceptual framework necessary to
understand above taxation issues and the techniques to manage tax efficiently and
effectively. You may choose a career in manufacturing companies, nongovernmental or service sector, investment banks or management consultancy,
thorough learning of the art of Taxation management is a must.
The specific learning outcome of this course is:
1. To familiarize the students with The Indian Tax system in general.
2. To explain the canons of Taxation.
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Course
Outcomes
3. To familiarize the participants with the Corporate Taxes and Business
Strategy
4. To increase in confidence and understanding in financial matters.
Outline syllabus:
7
7.01
MBT004.A
Unit A
Unit A -1
Basic
concepts
7.02
MBT004.A1
7.03
MBT004.A2
Residential
Status
MBT004.A3
Unit A - 3
Unit A – 2
Introduction to Income Tax Act, 1961. – An Overview ( 4 L +
1W)
Income, Agricultural Income, Person, Assessee, Assessment Year,
Previous Year, Gross Total Income, Total Income.
Individual, Hindu Undivided Family (HUF), Firm, Company,
Association of Persons (AOP), Body of individuals (BOI) etc.

Scope of Total Income
1
Incidence of
Tax
7.05
MBT004.B
Unit B
Unit B - 1
7.06
MBT004.B1
Tax
Planning
Unit B – 2
7.07
MBT004.B2
Taxation of
Companies
& Tax
planning
Unit B – 3
7.08
MBT004.B3
Dividend
Tax
7.09
MBT004.C
Unit C
Unit C – 1
7.10
MBT004.C1
Income
under the
head of
Salary
Unit C – 2
7.11
MBT004.C2
Special
provisions
for tax
planning
Unit C – 3
7.12
MBT004.C3
7.13
MBT004.D
7.14
MBT004.D1
Total
Income and
tax
computation
Unit D
Unit D – 1
Tax
Planning for
new business


Exempted Income
Agricultural Income & its tax treatment
Introduction to Tax Planning (4 L+2W)
Meaning, objectives, per-cautions in tax planning, Limitations of
tax planning, Tax evasion, Tax avoidance, Tax management


Computation of tax liability and tax liability of companies;
Minimum Alternative Tax.
Dividend tax – When the additional tax should be paid? Basis of
charge
Employee Remuneration and Tax Planning - (4L+2W)
Meaning of Employee Remuneration, Allowances, Perquisites,
Deductions etc.
Special provisions for tax planning relating to Employee’s
remunerations from the point of view of Employer and Employee.
Computation of Taxable Salaries, and tax liability on employee
remuneration.
Tax Planning and Managerial Decisions (5L+3W)
Tax Planning for new business with reference to location, nature
and form of organization of new business
Unit D – 2
7.15
MBT004.D2
7.16
MBT004.D3
7.17
MBT004.E
Tax Planning relating to capital structure decision, dividend policy
Tax
and bonus shares
Planning
relating to
Financial
Management
Unit D – 3
Tax Planning in respect of own or lease, Make or Buy decisions,
Tax
Repair, Replace, Renewal or Renovation and Shut-down or
Planning
Continue Decisions &Tax issues relating to Amalgamation
relating to
various
corporate
decisions.
Unit E
Tax Management – (3L+2W)
2

Payments covered by TDS Schemes

When and how tax is to be deducted at source from various
incomes;

Tax collection at source – who is responsible to collect tax
at source.

Tax compliance about the tax deductions and collection at
source.

Liability to advance tax – when to arise;
Advance
payment of
tax

Due dates of payment of advance tax;

Tax compliance about the advance payment of tax.
Unit E – 3


Time for filing return of income
When return of loss should be filied?
Types of Return
Unit E – 1
7.18
MBT004.E1
Tax
Deductions
and
Collection at
Source
Unit E – 2
7.19
7.20
MBT004.E2
MBT004.E3
Filing of
Return &
Assessments

8
8.1
8.11
8.12
8.13
8.14
8.15
8.16
8.2
8.3
Course Evaluation
Course work: 30 %
Attendance
No
Homework
10 % : 05 Assignments following by viva.
Quizzes
5 % : One quiz
Projects
10 % : One group projects on analytical of financial information on the assigned companies – 10 %
Presentations 5% : Individual
Any other
(give details and weight)
MTE
20 % - one mid-term examination
End-term examination: 50 % closed book examination
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References
Dr.Vinod Singhania & Dr Monica Singhania - Direct Taxes Planning &
9.1
9.2
Text book
Other
references
Management by Taxman Publications Pvt., Ltd., Latest publication
-
Dr.Vinod Singhania & Monica Singhania - Direct Taxes by Taxman
Publications Pvt., Ltd., Latest publication
-
Ahuja Girish, Dr. Gupta Ravi, Simplified Approach to Corporate tax,
Planning and Management, Bharat Law House Pvt. Ltd., New Delhi
-
Dr. H.C. Mehrotra and Dr. S.P.Goyal - Corporate Tax Planning and
Management; Sahitya Bhawan Publications, Agra
Newspaper, Magazines and Journals
 The Tax Law Weekly
 Chartered Accountants Today
 Economic Times, Business Line, Business Standard.
 Journal of Finance.
 Business India, Business Today.
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 Management Accountant.
 Chartered Accountant.
 Chartered Finance Analyst.
 Journal of Accounting and Finance
Mapping of Outcomes vs. Topics
Outcome no. →
Syllabus topic↓
1
2
3
MBT004.A
MBT004.A1
MBT004.A2
MBT004.A3
MBT004.B
√
√
√
MBT004.B1
√
√
MBT004.B2
√
√
MBT004.B3
MBT004.C
√
√
4
MBT004.C1
√
√
MBT004.C2
√
√
MBT004.C3
MBT004.D
√
√
MBT004.D1
√
MBT004.D2
√
MBT004.D3
MBT004.E
√
MBT004.E1
√
√
MBT004.E2
√
√
MBT004.E3
√
√
Facilitator – Dr. (CMA, CS) P. K. Aggarwal
Head of Finance
Ext.No. – 9143
Maid Id. – pradeep.aggarwal@sharda.ac.in
drpkafin@gmail.com
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