SBM-NMIMS: COURSE TEACHING PLAN

Assurance of Learning AOL Specific

Corporate Tax Planning

Course Title

Course Dr. Niranjan Shastri

Instructor/s
Credit 3.0
Value
Program & MBA Trimester VI
Trimester
Pre-
requisite
CLO 1) Provide understanding of basic direct tax provisions, procedures residential
status & its impact. (PLO 1a)
CLO 2) Develop the ability to evaluate the influence of direct tax law on corporate
Learning decision making processes related to business income (PLO 2b)
Objectives CLO 3) Develop ability to analyse direct tax impact in corporate decisions on other
heads of income and deductions. (PLO 3b)
CLO 4) Develop ability to assess impact of GST environment in taking managerial
decisions. (PLO 3a)
After completion of the course, students would be able to:
1) Explain basic income tax provisions, procedures, residential status & its
Learning impact.
Outcomes
2) Evaluate the influence of direct tax law on corporate decision making
(Must be
connected to processes related to business income.
Learning 3) Analyse direct tax impact in corporate decisions on other heads of income and
Objectives) deductions.
4) Assess the impact of GST environment in taking managerial decisions.

This course introduces Direct and Indirect Taxes. It emphasizes on developing

understanding of the provisions of Income Tax and GST which are relevant in
corporate context so as to enable better managerial decision making.
Course
Descriptio
Along with providing understanding of basis provisions of business taxation this
n
course aims at developing analytical skills w.r.t. to taxation provisions of business
income and other heads of income. This course also provide understanding of various
deductions available so that managers can better plan their decisions with tax
planning acumen.
Evaluation Specific Credit AOL CLO 2
Pattern CLO 1 CLO 3 CLO 4
assessment Weightage Instrument Assessmen
Assessment Assessment Assessment
methods % t
Tests 30 Embedded 10 10 10
Questions
Presentation 20 Rubrics 20
s
Class 10
Participation
Term-End 40 Embedded 10 10 10 10
Exam Questions
(Lab-Based)

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 Total 100 20 20 20 30

Chapter detail/ Article

Reference / Case Studies Details of pedagogy adopted
Topics / Sub -
Sess (edition/version of books for class engagement, Class
topics session
ions have been indicated further Exercises etc. and Learning
wise
below in the section Outcomes (LO).
‘references’)
Problem Discussion:
Pre Read:
SGIT
SGIT Chapter 1 pp 1-23
2.2 P1-P3
3-P1
Asynchronous Learning
Basic concepts 14-P3
1. Component:
of Income Tax 14-P5
Basic Concept pp 1.1-1.36
available online
Learning Outcomes:
https://resource.cdn.icai.org/71
Ability to explain Basic
135bos57143-cp1.pdf
Concepts of Corporate Tax
Pre Read: Problem Discussion:
SGIT Chapter 2 pp 24-47 SGIT
22 P1-P3
Residential Asynchronous Learning 28 P4 (With corporate context)
Status and its Component:
2.
Tax Incidence Residence and Scope of Total Learning Outcomes:
Income pp 2.1-2.38 available Determination of Residential
online status and analysis of its impact
https://resource.cdn.icai.org/ on tax incidence in corporate
71136bos57143-cp2.pdf context.
Pre Read:
SGIT Chapter 17-18 pp 589- Problem Discussion:
Advanced 631 I 2 pp 9.24, Q 2 & 3 pp 9.141-
Payment of 9.144 available online
Tax Asynchronous Learning https://resource.cdn.icai.org/
Deduction and Component: 71147bos57143-cp9.pdf
3.
Collection of Advance Tax, Tax Deduction
Tax at Source at Source and Introduction to Learning Outcomes:
(TDS/TCS) Tax Collection at Source pp Ability to explain applicability
9.1 - 9.110 available online of advance tax, TDS and TCS
https://resource.cdn.icai.org/ concepts in corporate context.
71147bos57143-cp9.pdf
TEST FIRST: Descriptive problem based test to assess achievement of session 1-3
learnings.
4. Income Under Pre Read: Problem Discussion:
the Head SGIT Chapter 6 pp 208-229 SGIT
‘Profits and 81.3-5P1
Gains of Asynchronous Learning
Business and Component: Learning Outcomes:
Profession’ : Profits and gains of business or Explain basic concepts of
Basic profession pp 4.173 - 4.214 taxability of corporate income
Concepts & available online under the head ‘Profits and
Depreciation https://resource.cdn.icai.org/ Gains of Business or Profession’
Allowance 71140bos57143-cp4u3.pdf Analyze and Calculate

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 depreciation allowance.
Problem Discussion:
SGIT
Pre Read:
81.9 P1
Income Under SGIT Chapter 6 pp 229-255
81.12 P1
the Head
81.16 P1
‘Profits and Asynchronous Learning
81.23 P1
Gains of Component:
5. 81.31 P1
Business and Profits and gains of business or
Profession’ : profession pp 4.241 - 4.242
Learning Outcomes:
Other available online
Analyze and Calculate other
Deductions https://resource.cdn.icai.org/
deductions under the head
71140bos57143-cp4u3.pdf
‘Profits and Gains of Business
or Profession’
Problem Discussion:
Income Under Pre Read: SGIT
the Head SGIT Chapter 6 pp 255-275 82.1 P1
‘Profits and 82.2 P1
Gains of Asynchronous Learning 82.6 P1
Business and Component: 82.9 P1
6.
Profession’ : Profits and gains of business or
General profession pp 4.242 - 4.265 Learning Outcomes:
Deduction & available online Analyze general deduction and
Specific https://resource.cdn.icai.org/ specific disallowances under the
Disallowances 71140bos57143-cp4u3.pdf head ‘Profits and Gains of
Business or Profession’
Income Under
Problem Discussion:
the Head Pre Read:
SGIT
‘Profits and SGIT Chapter 6 pp 275-281
83.6 P1
Gains of
Business and Asynchronous Learning
Learning Outcomes:
Profession’ : Component:
7. Explain Deemed Profits,
Deemed Profits and gains of business or
Undisclosed Income, Accounts
Profits, profession pp 4.265 - 4.282
& Audit provisions under the
Undisclosed available online
head ‘Profits and Gains of
Income, https://resource.cdn.icai.org/
Business or Profession’ in
Accounts & 71140bos57143-cp4u3.pdf
corporate context.
Audit
Problem Discussion:
Income Under Pre Read:
SGIT
the Head SGIT Chapter 6 pp 285-310
90 P5
‘Profits and
Gains of Asynchronous Learning
Learning Outcomes:
Business and Component:
8. Analyze and Solve
Profession’ Profits and gains of business or
comprehensive problems of
and its profession pp 4.295 - 4.316
income computation under the
Computation: available online
head ‘Profits and Gains of
Comprehensiv https://resource.cdn.icai.org/
Business or Profession’ in
e 71140bos57143-cp4u3.pdf
corporate context.
TEST SECOND: Descriptive problem based test to assess achievement of session 4-8
learnings
9. Income Under Pre Read: Problem Discussion:
the Head SGIT Chapter 4 pp 74-142 SGIT
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 53 P1
‘Salaries’ 53 P2
from the Asynchronous Learning
perspective of Component: Learning Outcomes:
Corporate Heads of Income pp 4.1 - 4.115 Analyze and Solve
TDS available online comprehensive problems of
responsibility https://resource.cdn.icai.org/ income computation under the
71138bos57143-cp4u1.pdf head ‘Salaries’ in corporate
context.
Problem Discussion:
SGIT
Pre Read:
68.1-3P1
SGIT Chapter 5 pp 176-195
68.1-3P2
Income Under
68.13-P3
the Head Asynchronous Learning
70 P1
‘Income from Component:
10.
House Income from House Property
Learning Outcomes:
Property’ pp 4.126 - 4.163 available
Analyze and Solve
online
comprehensive problems of
https://resource.cdn.icai.org/
income computation under the
71139bos57143-cp4u2.pdf
head ‘Income form House
Property’ in corporate context.
Problem Discussion:
SGIT
93.1 P1
Pre Read:
94.1 P1
SGIT Chapter 7 pp 311-370
100 P1
Income Under
101.3 P1
the Head Asynchronous Learning
103.3 P1
11. ‘Capital Component:
104.2 P3
Gains’ Capital Gains pp 4.339 - 4.424
Learning Outcomes:
available online
Analyze and Solve
https://resource.cdn.icai.org/
comprehensive problems of
71139bos57143-cp4u2.pdf
income computation under the
head ‘Capital Gains’ in
corporate context.
Income Under Problem Discussion:
Pre Read:
the Head SGIT
SGIT Chapter 8 pp 386-412
‘Income from 114.1 P1
other Sources’ 119 P1
Asynchronous Learning
119 P2
12. Component:
Learning Outcomes:
Income from Other Sources pp
Analyze and Solve problems of
4.451-4.483 available online
income computation under the
https://resource.cdn.icai.org/
head ‘Income from Other
71142bos57143-cp4u5.pdf
Sources’ in corporate context.
13. Aggregation Pre Read: Problem Discussion:
of Income, set SGIT Chapter 10 pp 434-443 Q2 pp 7.35 available online
off or carry https://resource.cdn.icai.org/763
forward of Aggregation of Income, set off 24bos61648-cp7.pdf
losses or carry forward of losses pp
7.1-7.39 available online Learning Outcomes:
https://resource.cdn.icai.org/76 Analyze and Solve problems of
4|Page
 324bos61648-cp7.pdf

Asynchronous Learning
Component: ‘Aggregation of Income, set off
Aggregation of Income, set off or carry forward of losses’ in
or carry forward of losses pp corporate context.
6.1-6.19
https://resource.cdn.icai.org/
71144bos57143-cp6.pdf
Problem Discussion:
Pre Read: SGIT
SGIT Chapter 11 pp 467-485 147 P1 (In corporate context)
147 P2 (In corporate context)
Permissible
Asynchronous Learning 159 P1
Deductions
Component:
14. from Gross
Deductions from Gross Total Learning Outcomes:
Total Income
Income pp 6.1-6.99 available Ability to analyze how any
online corporate can take maximum
https://resource.cdn.icai.org/ advantage of deductions that
74801bos60498-cp6.pdf are available to corporates from
gross total income
Problem Discussion:
Pre Read:
I 1-3 pp 9.37-9.44 available
DTLP Chapter 16 pp 935-965
Computation online
of Total https://resource.cdn.icai.org/
Asynchronous Learning
Income of 76198bos61579-cp9.pdf
15. Component:
Companies :
Assessment of Various Entities
MAT Learning Outcomes:
PP 9.1-9.44 available online
Analyse computation of total
https://resource.cdn.icai.org/
income of companies and
76198bos61579-cp9.pdf
minimum alternative tax.
Problem Discussion:
I 4 pp 9.51
Pre Read:
I 4 pp 9.56
DTLP Chapter 16 pp 966-989
Computation I6 pp 9.56
of Total available online
Asynchronous Learning
Income of https://resource.cdn.icai.org/
16. Component:
Companies: 76198bos61579-cp9.pdf
Assessment of Various Entities
Other Issues
PP 9.45-9.76
Learning Outcomes:
https://resource.cdn.icai.org/
Analyse computation of total
76198bos61579-cp9.pdf
income of companies under
special provisions.
TEST THIRD: Descriptive problem based test to assess achievement of session 9-16
learnings
17. GST: Basic Pre Read: Students’ Presentations &
Concepts & SGIT Chapter 20 pp 645-655 Problem Discussion:
Concept of SGIT Chapter 21 pp 656-680 SGIT
Supply, Levy SGIT Chapter 22 pp 681-697 413.10 P1
of GST & SGIT Chapter 23 pp 698-731 419 P1-P10 (In corporate
Exemptions context)
from GST 428.1 P1
Asynchronous Learning 438 P1-P5 (In corporate context)
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 Component:
Learning Outcomes:
Indirect Taxation pp 19-109
Ability to explain Basic
available online
Concepts & Concept of Supply,
https://icmai.in/upload/
Levy of GST & Exemptions
Students/Syllabus2022/
from GST
Inter_Stdy_Mtrl/P7_B.pdf
18. Pre Read:
Students’ Presentations &
SGIT Chapter 24 pp 733-747
Problem Discussion:
SGIT Chapter 25 pp 748-759
SGIT
GST: Place of
450 P1
Supply & Asynchronous Learning
450 P3-4
Time of Component:
450 P6
Supply Indirect Taxation pp 110-142
available online
Learning Outcomes:
https://icmai.in/upload/
Ability to analyze concepts of
Students/Syllabus2022/
place and time of supply.
Inter_Stdy_Mtrl/P7_B.pdf
Pre Read:
SGIT Chapter 26 pp 760-772 Students’ Presentations &
SGIT Chapter 28 pp 782-812 Problem Discussion:
GST: Value of
SGIT
Taxable
Asynchronous Learning 494 P1
Supply &
19. Component: 501 P1-P9
Input Tax
Indirect Taxation pp 143-172
Credit
19-109 available online Learning Outcomes:
https://icmai.in/upload/ Ability to determine value of
Students/Syllabus2022/ supply and input tax credit.
Inter_Stdy_Mtrl/P7_B.pdf
Pre Read:
GST: SGIT Chapter 27 pp 773-781 Students’ Presentations &
Registration & SGIT Chapter 29 pp 813-826 Problem Discussion:
Reverse SGIT Chapter 30 pp 827-843 SGIT
Charge and SGIT Chapter 32 pp 858-886 484 P6-9
Returns, Tax
Payment & Learning Outcomes:
20.
Interest, Asynchronous Learning Ability to explain concepts of
Composition Component: Registration & Reverse Charge
and Indirect Taxation pp 179-206 and Returns, Tax Payment &
Alternative available online Interest, Composition and
Composition https://icmai.in/upload/ Alternative Composition
Scheme Students/Syllabus2022/ Scheme
Inter_Stdy_Mtrl/P7_B.pdf
Evaluation

Reading Prescribed Book:

List and  Students Guide to Income Tax, Monica Singhania, Vinod K. Singhania,
References Taxmann, 70th Edition, AY 2024-25 (SGIT)
References
 Direct Taxes Law & Practice | Professional Edition |, Vinod K.
Singhania, Kapil SinghaniaTaxmann, AYs 2023-24 & 2024-25 (DTLP)
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  Practical Approach to Income Tax, Dr. Girish Ahuja & Dr. Ravi Gupta,
Bharat, AY 2024-25 (PAIT)
 GST, V.S. Datey, Taxmann, AY 2024-25 (GST)
 ICAI study material on Paper 4: Taxation, Latest Edition, available
online at https://www.icai.org/post.html?post_id=17878 (T)
 ICAI study material on Paper 7: Direct Taxes Law and International
Taxation, Latest Edition available online at
https://www.icai.org/post.html?post_id=14460 (DTL)
 ICMAI study material on Paper 11: Indirect Taxation, Latest Edition
available online at
https://icmai.in/upload/Students/Syllabus2022/Inter_Stdy_Mtrl/P7_B.pd
f (IT)
Important Clarification: The outlines are prepared for academic year 2024-
25 and will have to be updated every academic year so far as readings and
references are concerned as significant developments takes place in the area
of taxation.

Note:

Prepared by Faculty Team Area & Program chairperson

Approved by Associate Deans Approved by Dean SBM

Instructions for Internal Continuous Assessments

Group Presentations:

 Class will be divided into 8 groups,

 Each group is allotted one area as per the below mentioned list.
 Each group will be required to present on a topic framed around allotted area.
 Only one member from each group to act as anchor and upload the presentation on
students’ portal before session number 16.
 Maximum time allowed will be 45 minutes including question answer and turnaround
time,
 The presentation should contribute to the learning outcome of the relevant session
number mentioned.
 All members of the group should be fully prepared.

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  Marks may differ between group members based on delivery or viva segments of the
rubrics.

Group Session
Areas for Presentation Topics
Number Number
1 Basic Concepts & Concept of Supply 17
2 Levy of GST & Exemptions from GST 17
3 Place of Supply 18
4 Time of Supply 18
5 Value of Taxable Supply 19
6 Input Tax Credit 19
7 Registration & Reverse Charge 20
8 Returns, Tax Payment & Interest, Composition and Alternative 20
Composition Scheme

Rubric for the Presentations: marks

Full Major Partial

Expected Compliance Areas
Compliance Compliance Compliance

Contents: 5 Marks 3-4 Marks 0-2 Marks

 The presentation meets the

information requirements of
the assignment.
 Information is presented in
logical sequence/structure.
 Information on slides reflects
understanding and effective
summarization and is not
being copied and pasted from
another source.
 There is not too much text on
a slide. Each slide contains a
limited number of talking
points as opposed to complete
paragraphs or lengthy
sentences.

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  Presentation is free of spelling
and grammatical errors.

Design; 5 Marks 3-4 Marks 0-2 Marks

 Slides display elements of

effective design. Fonts,
colors, backgrounds, etc. are
effective, consistent and
appropriate to the topic and
audience.
 Animations and/or sounds
have been used to emphasize
important points. They do not
distract from the content.
 Pictures are used to represent
the content.
 Text is clear and easy for the
audience to see
 Numbering scheme is used for
slide and points.

Delivery: 5 Marks 3-4 Marks 0-2 Marks

 Presenter was familiar with

the material and did not read
from slides or rely on notes.
 It was evident that the
presentation was rehearsed.
 Presenter spoke clearly and
slowly enough to be heard by
the audience.
 Presenter showed enthusiasm
for the subject matter and
encouraged audience interest.
 Presenter made eye contact
with audience and the body
language including Posture &
Gestures were appropriate.
 Presenter confidently
defended the work during
Questions & Answers session

Viva: 5 Marks 3-4 Marks 0-2 Marks

 The presenter exhibits

understanding of the
relevance of the course.

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 The presenter gives
technically correct answers to
all the questions.
 The presenter gives
appropriate substantiation
whenever required.
 The presenter demonstrates
achievement of all course
outcomes.

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