Annexure ‘CD-01’

L T P/S SW/FW No. of TOTAL

PSDA CREDIT
UNITS
Course Title: Corporate Tax Planning& Management 2 - - - 2 3
Course Code: ACCT801 Credit Units:03
Level: PG

# Course Title Weightage

1 Course Objectives:
Knowledge: To acquaint the students with basic principles underlying the
provisions of direct and indirect tax laws and to develop a broad understanding
of the tax laws and accepted tax practices. To give an understanding of the
relevant provisions of Goods & Services Tax Act, 2017
Comprehension: To introduce practical aspects of tax planning as an important
managerial decision-making process.
Understanding: It will provide understanding of direct tax including rules
pertaining to and application to different business situations. It will make
students understand the provisions and terminology of GST Act, 2017
Analysis: To expose the participants to real life situations involving taxation and
to equip them with techniques for taking tax-sensitive decisions.
Synthesis: This course aims at making students conversant with the concept of
corporate tax planning, Indian tax laws and their applications in Different
situations with special reference to setting-up new business.
Evaluation: Develop the ability to apply the knowledge of the provisions of the
Income Tax Act & Goods & Services Tax Act, 2017 in various situations in
actual practice through Case study analysis.

2 Prerequisites:
The student opting for this course should have a basic knowledge of Income Tax
and Indian Tax Structure.
3 Course Learning Outcomes:
On the successful completion of this course
1. The Students will be able to understand the basic terms of Corporate
Tax Planning & GST Act such as-Heads of Income, Tax Planning,
Deductions, Computation of Tax, Supply, Return. MAT, TDS etc.
2. The students will be able to develop the ability to evaluate the
difference between tax planning and tax avoidance provisions.
3. The student will be able to interpret and analyze legitimate way of
tax planning under different provisions of the Income-tax Act, 1961
and GST Act, 2017
4. A study of this paper will be helpful in taking different
financial/managerial decisions after evaluating and reviewing the
impact of direct and indirect tax laws.
5. Filing Tax Return of an Individual and Company.
4 Course Level Outcomes:
Students would be able to understand, apply and analyze the concepts of Tax
Planning and practical knowledge about Corporate Tax Assessment. This course
would also give an insight to file online returns pertaining to Goods and Services
Tax.

5 Professional Skill Development Activities (PSDA):

1. Problem Solving and Judgement Skill: Cases related to Corporate tax and
GST
2. Commercial Awareness Activities: Collection of Data related to Tax
Amendments, Budgetary Notifications and Regularity Authorities. Filing
of Return based on available Data.

Course Contents / Syllabus:

4 Module I Basic concepts, nature and scope of tax Planning and 20%Weightage
Management

 General Framework of Direct Taxation in India  

Different direct tax laws and their inter-relationship in the scheme of
taxation in India.
 Residential status of companies and tax incidence; tax concession and
incentives for corporate decision;
  Tax liability and minimum alternate tax with special emphasis on SEZ
and companies under 80IA/IB ; Tax on distributed profits; tax planning
for depreciation; carry forward and set off losses
 Concept of Tax Planning: Meaning, Scope, Importance, Objectives of Tax
Planning. Tax Avoidance, Tax Evasion and Tax Planning.

5 Module II Areas of Tax Planning 15% Weightage

 Tax planning with reference to setting up of a new business: Locational
aspect, nature of business, form of organization
 Tax planning with reference to financial management Decision -Capital
structure, dividend including deemed dividend and bonus shares;
Purchase of Assets out of own Funds or out of Borrowed Funds.

6 Module III Tax Planning in Special Situations 15% Weightage

 Tax planning with reference to specific management Decisions-Make or
buy; own or lease; section 43B
 Tax planning with reference to employees’ remuneration
 Tax planning with reference to sale of scientific research assets

7 Module IV International Taxation 20% Weightage

 Double Taxation Avoidance Agreements (DTAA), Double Taxation

Relief Agreement with Foreign Countries or Specified Territories,
Countries with which no agreement exists.
 Transfer Pricing Issues (Including International & Domestic
Transactions), Application of Generally accepted Cost Accounting
Principles and Techniques for determinations of Arm’s Length Price.
 Advanced Pricing Agreements (APA)- Concept & Application.
8 Module V Goods & Services Tax Act, 2017 30% Weightage
 Overview of GST Act- Registration & Exempted Goods & Services
 Meaning and Scope of Supply of Goods & Services
 Time & Valuation of Supply, Types of Supply
 Tax provisions related to Input Tax Credit, ISD
 Tax provisions related to Job Work & E-Commerce
09 Pedagogy for Course Delivery:
The course covered by adopting a combination of lecture & Case Study
methods. Class presentation by groups of students and Case Study workshops
are basic requirement of this course. Each student is required to do the back
ground reading from the specified chapters of the prescribed book before coming
to class.

10 Assessment/ Examination Scheme:

Theory L/T (%) Lab/Practical/Studio (%) End Term

Examination

50% NA 50%

Theory Assessment (L&T):

Continuous Assessment/Internal Assessment End Term
Examination

Components
(Drop down)
Mid- Case Quiz Attendance
Term Study
Exam

Weightage
(%)
20% 20% 5% 5% 50%
 Mapping Continuous Evaluation components/PSDA with CLO
Bloom’s Level > Remembering Understanding Applying Analysing Evaluating Creating
Course Learning CLO1 CLO2 CLO3 CLO4 CLO5 CLO 6
Outcomes

Assessment type/PSDA
Assessment Component
1. Mid Term √ √ √ 
2. Case Study- √ √ √ √ 
1
3. Study-2    √ √
4. Quiz √ √ √ √

Text & References:

 Dr. Girish Ahuja& Dr. Ravi Gupta Simplified Approach to Corporate Tax Planning & Management (Bharat Law House),
 Singhania V K & Singhania Monica, Corporate tax planning and Business tax procedures, Taxmann publications
References
 Singhania V K & Singhania Monica ,Systematic Approach to Income Tax and Central Sales Tax
 Girish Ahuja and Ravi Gupta Corporate Tax Planning & Management Bharat Law House 2020
 Dr. B B Lal, Direct Taxes, Konark Publications
 Rajeev Puri and Puja Gaur, Corporate Tax Planning and Management, Assessment Year 2020-21, Kalyani Publishers,
 Taxman’s statutory manual for chartered accountants, company secretaries, cost and works accountants, advocates. - New Delhi: Taxmann,
 Ready Reckoner Taxmann- Goods & Service Tax, 2020-21
 TAXMANN’s Basics of GST, Nitya Tax Associates, 2020-21