AKTU Tax Planning & Management (BMBFM02) Syllabus PDF – MBA 3rd Semester
Tax Planning & Management BMBFM02
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Syllabus — Tax Planning & Management
Download PDFBMBFM02 · 3 credits · L-T-P 3-0-0
Course Objectives
- To understand the principles, structure, and key issues related to different types of taxes in the Indian economy.
- To apply tax policies and provisions in evaluating personal and corporate tax obligations.
- To analyze the role of taxation in promoting economic growth and industrial development.
- To evaluate the impact of direct and indirect taxes, including GST, on corporate decision-making and financial planning.
- To develop the ability to design tax-efficient strategies that align with legal provisions and contribute to sound fiscal management.
Unit 1 : Fundamental Concepts (6Hours)
Introduction: Definition, Cannons of Taxation Person, Assesse, Income, Previous Year, Assessment Year, Income Tax Important Dates and Forms. Residential Status & Tax Incidence:
Individual Income Exempted from Tax.
Unit 2 :Heads of Income and provisions (10Hours)
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-sources & inter-head Set Off.
Unit 3 : Tax Planning & Management (8 Hours)
Tax Avoidance, Planning, & Evasion, Income Tax Authorities- Their appointment- Jurisdiction- Powers and functions- Provisions relating to collection and recovery of tax- Refund of tax, Offences, penalties and Prosecutions, Appeals and Revisions, Advance Tax, TDS, Advance Rulings, Avoidance of Double Taxation Agreements.
Unit 4 : Corporate Tax (6Hours)
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.
Unit 5 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, Dual GST; Transactions covered under GST; Impact of GST. Registration and Filing: – Rates of Tax – Rates in Foreign Countries – In India; Assessment and Administration of GST.
Course Outcomes
| S. No. | Course Outcome | Bloom’s Taxonomy |
| 1. | CO 1: Understand about various Tax provisions and Tax planning | K2(Understand) |
| 2. | CO 2: Use of tax planning concerning various business and managerial and strategic activities | K3(Apply) |
| 3. | CO 3: Evaluate the various Tax saving options & Rates | K5(Evaluate) |
| 4. | CO 4: Measure Corporate Tax and Taxation in case of business restructuring | K3(Apply) |
| 5. | CO 5: Understand how GST can be calculated & managed. | K3 ( Apply) |
Suggested Readings
Text Books
- Dr. Vinod K. Singhania& Dr. Monica Singhania Students Guide to Income Tax (Taxmann Publication ,Latest Edition according to assessment year
- Dr.B.K. Agarwal & Dr. Rajeev Agarwal Tax Planning and Management (Nirupam Publication, Latest Edition according to assessment year)
- Paolo M. Panteghini Corporate Taxation in a Dynamic World (Springer, Latest Edition)
- Girish Ahuja & Ravi Gupta Direct Tax Laws & Practice (Bharat Law House, Latest Edition)
- Datey V.S. – Indirect Taxes – Law & Practice (Taxman ,Latest Edition) 6.E. A. Srinivas Corporate Tax Planning( Tata McGraw Hill, Latest Edition) Reference Books & Journals :
- Dr.Vinod K. Singhania & Dr. Kapil Singhania Students Guide to Income Tax (Taxmann Publication ,Latest Edition)
- Parthasarathy Corporate Governance: Principles, Mechanisms & Practice (Wiley, Latest Edition )
- H. P. Ranina Corporate Taxation (Orient Law House, Latest Edition) 4.Balachandran- Indirect Taxes ( PHI, Latest Edition)
- .Income Tax Reports, Company Law institute of India PvtLtd(Chennai Latest Edition)
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