CTS-EMBA-19

CTS-EMBA-19
MBA(Exe.) 2019-20: Term-III

Course Name-Corporate Taxation & Strategy

Credits	3
Faculty Name	CA. VINEET PATNAIK
Program	CTS
Academic Year and Term	2019-2020

1. Course Description

Understanding the basic aspects of Indian Taxation Structure. (Both Direct and Indirect Taxes). Lowering tax burden has a significant impact on the overall cost, Return and Financial state of affairs of the company. Understanding the aspects of Tax planning because 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.

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

· Be able to understand the Tax Structure in India.
· Be able to understand the computation of tax liability of the person.
· Be able to plan and manage various tax related Issues.

3. Required Text Books and Reading Material

V.K. SINGHANIA

4. Tentative Session Plan

Session Number
Topics/Activities

1 Basic Concepts and Definitions, Tax Rates, Residential status and Planning of Various Assesees, Types of Income and Taxability.

2 Scope of Total Income and Planning, Practical Issues on Residential Status.

3 Understanding the meaning of Salary Income and Inclusions in Salary Income, Allowances

4 Understanding the taxability of various allowances under Salary Income.

5 Understanding taxability of Perquisites.

6 Understanding the Computation of Salary Income and Taxation Of Other Post Retirement Benefits.

7 Understanding the Computation Of Salary Income through various problems.

8 Understanding the Taxation Of House Property Income.

9 Understanding The Computation of House Property Income through various Problems.

10 Understanding the taxability of Income Under the Head Business and Profession, Scope of Section 28.

11 Understanding various Allowances u/s 30 to 37.

12 Understanding various Allowances u/s 30 to 37.

13 Understanding various disallowances u/s 40 to 43B.

14 Understanding various disallowances u/s 40 to 43B. and various problems under the head Business and Profession.

15 Understanding taxation of Income From Other Sources.

16 Clubbing of Income and Set Off Carryforward of Losses.

17 Deduction under Chapter VI

18 Understanding the Basics of TDS.

19 Minimum Alternate Tax and International Txation

20 An overview of GST.

5. Evaluation

3 Quizzes- Best 2 out of 3 ( 20 MARKS)

MID TERM- 30 MARKS

End Term- 40 MARKS.

CPR- 10 MARKS

Created By: Alora Kar on 12/13/2019 at 12:27 PM
Category: MBA(Exe.)2019-20 T-III Doctype: Document

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Session Number	Topics/Activities
1	Basic Concepts and Definitions, Tax Rates, Residential status and Planning of Various Assesees, Types of Income and Taxability.
2	Scope of Total Income and Planning, Practical Issues on Residential Status.
3	Understanding the meaning of Salary Income and Inclusions in Salary Income, Allowances
4	Understanding the taxability of various allowances under Salary Income.
5	Understanding taxability of Perquisites.
6	Understanding the Computation of Salary Income and Taxation Of Other Post Retirement Benefits.
7	Understanding the Computation Of Salary Income through various problems.
8	Understanding the Taxation Of House Property Income.
9	Understanding The Computation of House Property Income through various Problems.
10	Understanding the taxability of Income Under the Head Business and Profession, Scope of Section 28.
11	Understanding various Allowances u/s 30 to 37.
12	Understanding various Allowances u/s 30 to 37.
13	Understanding various disallowances u/s 40 to 43B.
14	Understanding various disallowances u/s 40 to 43B. and various problems under the head Business and Profession.
15	Understanding taxation of Income From Other Sources.
16	Clubbing of Income and Set Off Carryforward of Losses.
17	Deduction under Chapter VI
18	Understanding the Basics of TDS.
19	Minimum Alternate Tax and International Txation
20	An overview of GST.