CTP EM-16

CTP EM-16
1yr MBA-Executive 2016-17 T-III

Course Name: Corporate Taxation Planning

Credits	3
Faculty Name	Dr. Subhakant Padhi, FCA
Program	MBA (Executive)
Academic Year and Term	2016-17 Term 3

1. Course Description
Corporate world live with an obsession to become a profit making, yet zero-tax company. If achieved, then it is a demonstration of financial wizadry of the company. Lowering tax burden has a significant impact on the overall cost, return and financial state of affairs of the company. Incidentally, it affects the cash flow and its timing as well. The objective of lowering tax burden should be resorted to through means which fall into the domain of tax planning rather than tax avoidance or evasion. The line of demarcation is thin and blurred. It becomes a choice based upon what is legitimate and what is illegitimate. Legitimacy stems from availing the maximum deduction, rebate, relief and exemptions and also from the choice of right alternative whenever the provisions throw opportunity for choice. The choice would depend on a deep understanding of the related provisions and their collective ramifications. Case made laws, in addition to statute made laws, play a significant role in shaping the choice. Hence it requires an understanding of case based laws also.

2. Student Learning Outcomes (typically 3-5 bullet points)

· Be able to understand the Tax system in India

· Be able to compute the tax liability on entity

· Be able to understand the complex various tax issues being faced by Corporate

· Be able to plan and manage the various tax issues

3. Required Text Books and Reading Material

Direct Taxes: Planning & Management by V.K. Singhania

Direct Taxes Law & Practice by V.K. Singhania

Direct Tax laws by T.N. Manoharan

Direct Taxes Law & Practice by Girish Ahuja & Ravi Gupta

Indirect Tax Laws by V.S.Datey

4. Tentative Session Plan

Session Details :

Session Topic Issues to be Discussed Links Reading Material Assignments

1 Basic concepts & definitions Rules for interpretation of statute, basic concepts of revenue laws To be provided In the class Material to be given
Chapter of the text book
To be assigned in the class

2 Residential status and planning Residential status of different persons, scope of total income, planning Material to be given
Chapter of the text book

3 Business expenditure & tax planning, avoiding disallowances Scope of section 28, cases in relation to business, depreciation and tax planning Material to be given
Chapter of the text book

4 Business expenditure & tax planning, avoiding disallowances Scientific research expenditure, preliminary expenditure, section 36 and general revenue expenses Material to be given
Chapter of the text book

5 Business expenditure & tax planning, avoiding disallowances Disallowance sections (40,40A, 43B) Material to be given

6 Capital Gains & Planning Chargeability, definitions Chapter of the text book

7 Capital Gains & Planning Planning for transfer Material to be given

8 Capital Gains & Planning Computation and exemptions Chapter of the text book

9 Income from other sources Section 56,57,58 Material to be given

10 Losses and planning Carry forward and set off provisions, tax savings of losses Chapter of the text book

11 Corporate Restructuring (Internal and External) - Tax Planning Merger, amalgamation, demerger, slump sale, internal restructuring Material to be given
Chapter of the text book

12 Corporate Restructuring (Internal and External) - Tax Planning Merger, amalgamation, demerger, slump sale, internal restructuring Material to be given
Chapter of the text book

13 Securities and Taxation Securities and capital gains, taxation of ESOPs, bonus, right shares, ZBs, Transaction tax, exemptions, Derivatives Handout to be given

14 Holding and Subsidiary Company & Tax Planning Transfers, WDV, Depreciation, Business connection, using subsidiaries as SPVs Material to be given

15 Financial management decisions & Tax Planning i) Capital structure (self-reading) ii) Dividend policy iii) Bonus shares Chapter of the text book

16 Planning for new industries Form of organisation, Location of business, Nature of business (self-reading) Handout to be given

17 MAT & Planning Ways to reduce book profit, tax credit Material to be given
Chapter of the text book

18 Tax planning with respect to managerial decisions Tax planning with respect to managerial decisions:
Purchase of asset out of own fund or from borrowed fund, Own v. Lease, Installment v. Hire purchase, Make or buy, Shut down or continue, Sale of assets used for scientific research
Handout to be given

19 International Taxation Transfer pricing regulations Handout to be given

20 Overview of CEA and CENVAT Basic concepts, valuation, CENVAT credit Handout to be given

21 VAT Concept, Impact on pricing Handout to be given

5. Evaluation

It shall be done through term examinations and quizzes.

Weightage for different components is as under:

Quizzes: 40% (3 quizzes will be conducted and best two shall be considered)

Assignment- 20%

End Term-40%

6. Academic Integrity

As per Institute’s Policy

Created By: Alora Kar on 07/14/2016 at 10:25 AM
Category: MBA(Exe.)16-T-III Doctype: Document

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Session	Topic	Issues to be Discussed	Links	Reading Material	Assignments
1	Basic concepts & definitions	Rules for interpretation of statute, basic concepts of revenue laws	To be provided In the class	Material to be given Chapter of the text book	To be assigned in the class
2	Residential status and planning	Residential status of different persons, scope of total income, planning		Material to be given Chapter of the text book
3	Business expenditure & tax planning, avoiding disallowances	Scope of section 28, cases in relation to business, depreciation and tax planning		Material to be given Chapter of the text book
4	Business expenditure & tax planning, avoiding disallowances	Scientific research expenditure, preliminary expenditure, section 36 and general revenue expenses		Material to be given Chapter of the text book
5	Business expenditure & tax planning, avoiding disallowances	Disallowance sections (40,40A, 43B)		Material to be given
6	Capital Gains & Planning	Chargeability, definitions		Chapter of the text book
7	Capital Gains & Planning	Planning for transfer		Material to be given
8	Capital Gains & Planning	Computation and exemptions		Chapter of the text book
9	Income from other sources	Section 56,57,58		Material to be given
10	Losses and planning	Carry forward and set off provisions, tax savings of losses		Chapter of the text book
11	Corporate Restructuring (Internal and External) - Tax Planning	Merger, amalgamation, demerger, slump sale, internal restructuring		Material to be given Chapter of the text book
12	Corporate Restructuring (Internal and External) - Tax Planning	Merger, amalgamation, demerger, slump sale, internal restructuring		Material to be given Chapter of the text book
13	Securities and Taxation	Securities and capital gains, taxation of ESOPs, bonus, right shares, ZBs, Transaction tax, exemptions, Derivatives		Handout to be given
14	Holding and Subsidiary Company & Tax Planning	Transfers, WDV, Depreciation, Business connection, using subsidiaries as SPVs		Material to be given
15	Financial management decisions & Tax Planning	i) Capital structure (self-reading) ii) Dividend policy iii) Bonus shares		Chapter of the text book
16	Planning for new industries	Form of organisation, Location of business, Nature of business (self-reading)		Handout to be given
17	MAT & Planning	Ways to reduce book profit, tax credit		Material to be given Chapter of the text book
18	Tax planning with respect to managerial decisions	Tax planning with respect to managerial decisions: Purchase of asset out of own fund or from borrowed fund, Own v. Lease, Installment v. Hire purchase, Make or buy, Shut down or continue, Sale of assets used for scientific research		Handout to be given
19	International Taxation	Transfer pricing regulations		Handout to be given
20	Overview of CEA and CENVAT	Basic concepts, valuation, CENVAT credit		Handout to be given
21	VAT	Concept, Impact on pricing		Handout to be given