Financial Planning

& Tax
Management 

Unit 1
 a. The present course aims are familiarizing the
participants with the principles & practices and structure of
different types of taxes in Indian economy. 

b. A student of taxation will have to make a detailed study

of tax policy and tax provisions in India. 
COURSE
OBJECTIVE
c. A broad understanding or role of taxation in economic
and industrial development of an economy. 

S d. A broad understanding of financial planning process 

e. An Understating of asset allocation process and

retirement planning
Unit I – (8 Hrs.)

Financial Planning: Definition , Need of financial Planning and process of Financial

Planning, Role of Financial Planner , Myths about Financial Planning, Factors that
influence the personal financial planning, Investors life cycle, Financial goals of investors ,
Risk Appetite, Risk Profiling, Systematic approach to investing: SIP, SWP, STP, Financial
Plan; Goal based Financial Plan; Comprehensive Financial Plan; Financial Blood Test
Report. 
Unit II - (8 Hrs.)

Asset Allocation: Guidelines for asset Allocation,

Classification of Assets, Risk return characteristics
of assets, Factors involved in Asset
allocation ,Principles of Asset Allocation,
Retirement planning , Need for retirement planning
, Golden Rules of retirement planning, Retirement
planning process, Retirement planning investment
options, Estate planning Definition and Need of
Estate Planning.
Unit III - (6 Hrs.)

Introduction to Tax: Definition, Canons of

Taxation Person, Assesse, Income, Previous
Year, Assessment Year, Income Tax Important
Dates and Forms. Residential Status & Tax
Incidence: Individual Income Exempted from
Tax 
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
Unit IV - (8 Hrs.)
relief, Deduction, Rebate, Relief, Set
Off & Carry Forward of Losses-
Principles, Meaning, Inter-sources &
Inter-head Set Off.
Unit V - (6 Hrs.)

Tax Planning & Management: 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.
Textbooks: 1. Income Tax: Dr. H.C. Mehrotra, (Sahitya Bhawan Publication,A.Y. 2022-23)
2. Sid Mitra & Shailendra Kumar Rai, Financial Planning, (SAGE) Publishing India

Reference Book: 1. Dr. Vinod K. Singhania & Dr. Monica Singhania Students Guide to Income Tax
(Taxmann Publication, As per A.Y. 2022-23)
2. Personal Financial Planning (Wealth Management): S. Murali, K.R. Subbakrishna,
(Himalaya Publishing House)

Websites: 1. https://www.sebi.gov.in/sebi_data/investors/financial_literacy/College%20Students.pdf
  2. https://www.caclubindia.com/articles/income-tax-short-notes-a-summary--19026.asp
3. https://tax2win.in/guide/income-tax-basics-comprehension-guide