AKTU Tax Planning & Management (BMBF303) Syllabus PDF – MBA (Banking & Financial Services) 3rd Semester

Course Objectives

1. Understand the principles, structure, and key issues related to different types of taxes in the Indian economy.
2. Apply tax policies and provisions in evaluating personal and corporate tax obligations.
3. analyse the role of taxation in promoting economic growth and industrial development.
4. Evaluate the impact of direct and indirect taxes, including GST, on corporate decision-making and financial planning.
5. Develop the ability to design tax-efficient strategies that align with legal provisions and contribute to sound fiscal management.

Course Content

Module I: Fundamental Concepts (6 Hours)

Introduction: Definition; Cannons of Taxation; Person; Assessee; Income; Previous Year; Assessment Year; Income Tax;

Important Dates and Forms. Residential Status & Tax Incidence: Individual; Income Exempted from Tax.

Module II Heads of Income and Provisions (10 Hours)

Heads of Income: Salaries; Income from House Property; Profits & Gains from Business or Profession; Capital Gains;

Income from Other Sources. Clubbing of Incomes; Calculation of Taxable Income; Tax Calculation including Surcharge and Marginal Relief; Deduction; Rebate; Relief; Set-off & Carry Forward of Losses – Principles; Meaning; Inter-source & Inter-head Set-off.

Module III: Tax Planning & Management (8 Hours)

Tax Avoidance; Tax Planning; Tax Evasion. Income Tax Authorities: Their Appointment; Jurisdiction; Powers and Functions. Tax Administration: Provisions relating to Collection and Recovery of Tax; Refund of Tax; Offences; Penalties and Prosecutions; Appeals and Revisions; Advance Tax; Tax Deducted at Source (TDS); Advance Rulings; Avoidance of Double Taxation Agreements (DTAA).

Module IV: Corporate Tax (6 Hours)

Computation of Taxable Income; Carry-forward and Set-off of Losses for Companies; Minimum Alternative Tax (MAT);

Set-off and Carry-forward of Amalgamation Losses; Tax Planning for Amalgamation, Merger and Demerger of Companies; Tax Provisions for Venture Capital Funds.

Module V: Goods and Services Tax (GST) (10 Hours)

Introduction to GST: GST Concepts; Advantages and Limitations of VAT; GST as the Preferred Tax Structure; Model of GST; Need for Tax Reforms; GST Principles – Single GST and Dual GST; Transactions Covered under GST; Impact of GST.

Registration and Filing: Rates of Tax; Rates in Foreign Countries and India; Assessment and Administration of GST.

Suggested Readings

1. Dr. Vinod K. Singhania & Dr. Monica Singhania; Students' Guide to Income Tax; Taxmann Publications .
2. Paolo M. Panteghini; Corporate Taxation in a Dynamic World; Springer
3. V. S. Datey; Indirect Taxes – Law & Practice; Taxmann .
4. E. A. Srinivas; Corporate Tax Planning; Tata McGraw-Hill
5. Dr. Vinod K. Singhania & Dr. Kapil Singhania; Students' Guide to Income Tax; Taxmann Publications.
6. Balachandran; Indirect Taxes; PHI .
7. Income Tax Reports; Company Law Institute of India Pvt. Ltd., Chennai Course Outcomes and Bloom’s K-Level Mappings

Course Outcomes