CORPORATE TAX PLANNING AND MANAGEMENT

Course Overview:
Corporate Taxation knowledge is very important for managers. It is not only a legal obligation to be met by a
company, but proper planning of tax can help organizations to save a lot of money, while investing for growth
and development at the same time. Every penny saved by the company is available for the shareholders. Money
saved also increases the working capital of the company and in turn saves short term financing costs. Hence
apart from saving tax, deferment of tax is also beneficial for the company. Corporate tax knowledge helps the
managers to understand the difference between tax planning, avoidance and aversion. Further, by influencing
managerial decision, the familiarity with corporate tax planning leads to enhancement in the value of the
company

Objective:

The objective of this course is to provide working knowledge of framework of taxation system in India. The
students will be exposed to thorough knowledge of various concepts and their application relating to direct tax
laws with a view to integrating the relevance of these laws with tax planning, financial planning and
management decisions. The aim of this course is to familiarize the student with major, latest provisions
of the Indian tax laws and related judicial pronouncements pertaining to corporate enterprises having
implications for various aspects of corporate planning

Course Outcome:
1. Learn and interpret the provisions of Indian Income Tax laws. (CO-1)
2. Understand and appreciate various Tax planning devices. (CO-2)
3. Understand and interpret the basic concepts/aspects of GST Law. (CO-3)

Contents:

Module Hours Topic & Reading/s

No.
I 1-5 Overview of Indian Taxation – Direct & Indirect Taxation.
Law of Income Tax – An overview, Basic Concepts, Residential Status. Income that is
exempt from tax., income from house property, Profits and gains of business or profession,
Capital gains, Income from other sources. Set off and carry forward of losses. Permissible
deductions from gross total income and computation of tax liability.
Readings:
1. Singhania &Singhania (latest ed.), Students Guide to Income TAX, Chapter
1,3.5,6,710,11,(overall summary of these chapters)
II 6 Tax Planning, Tax Management, tax Avoidance and Tax Evasion.
Singhania &Singhania (latest ed.), Chapter 1

Readings:
1. Singhania &Singhania (latest ed.), Corporate Tax Planning and Business Tax
Procedure. Chapter 2.
III 7-8 Definition of Company – Indian Company, Domestic Company, Foreign Company,
Company in which public are substantially interested, Residential Status of company and
incidence of tax
Readings:
1. Singhania &Singhania (latest ed..), Corporate Tax Planning and Business Tax
Procedure. Chapter _3,4

1
 IV 9-12 Taxation of Companies. Computation of taxable Income of a company. Minimum
Alternative Tax (115 JB)
Readings:
1. Singhania & Singhania (latest ed..), Corporate Tax Planning and Business Tax
Procedure. Chapter __5
V 13-15 Tax Planning with reference to specific business decisions i.e. location of business,
nature of business, form of organization, financial management decisions
Readings:
1. Singhania &Singhania (latest ed.), Corporate Tax Planning and Business Tax
Procedure. (latest ed.), Chapter 6,7,8,9_.
VI 16-18 Tax Planning for, managerial decisions, employee remuneration, sale of scientific research
assets, receipt of insurance compensation, distribution of assets by Companies in
liquidation.
Readings:
1. Singhania & Singhania (latest ed..), Corporate Tax Planning and Business Tax
Procedure. Chapter __10,11,12,13,14.
VII 19-20 Overview of provisions relating to Advance Payment of Tax, TDS / TCS and filing of
Return / Assessment of Income.
Readings:
1. Singhania & Singhania (latest ed.), Corporate Tax Planning and Business Tax
Procedure. Chapter _26,27
VIII 21-25 Introduction to Goods & Services Tax (GST), Meaning of Goods and Services,
Registration, Supply, Place of Supply, Time of Supply, Valuation, Exemption, Input Tax
Credit.
Readings:
1. Gupta & Gupta (2022), Goods and Service Tax with Custom Laws Chapter 1- 13
IX 25-30 GST - Payment of Taxes, Refund, Reverse Charge Mechanism, Returns, GST Audit,
Assessment, Taxability of e-commerce, E-WAY Bill, Zero Rated Supply, Penalties and
Appeal
Readings:
1. Gupta & Gupta (2022 ), Goods and Service Tax with Custom Laws C Chapter 18 –
20, 23 – 26, 29 – 32

Specific Assessment Method Weight Course Outcomes to be

(flexible) Assessed
CO-1 CO-2 CO-3
Class participation 10%   
Individual assignment 10%  
Class test/Quiz 10%  
Mid Term Examination 10 %   
End Term Examination 60%   

PEDAGOGY:

The course would be delivered by way of classroom lectures and discussions. Wherever possible a link would
be made between the academic instructions and its practical application on the given case studies. Encouraging
active participation of students in the study sessions can do this. Numerical will be done in the class.

2
TEXT & READINGS:

Text Book:
1. Singhania, V. K., & Singhania, M. (Latest ed). Taxmann's Corporate TAx Planning and
Business Tax Procedures with Case Studies. New Delhi: Taxmann publications.
2.Gupta Vineet, & Gupta N.K. Goods and Services tax with Customs Law. (2022) New Delhi:
Sultan Chand and Sons

Websites:
1. www.taxmann.com.
2. www.incometaxindia.gov.in.
3. www.finance.indiamart.com.
4. www.legalserviceindia.com.

EVALUATION PARAMETERS:

End Term Examination 60 marks

Internal Assessment, as under 40 marks

Break Up of Internals:
1. Class participation 10 marks
2. Individual assignment 10 marks
3. Class Test/Quiz 10 marks
4. Mid-term 10 marks