CTP-X05

CTP-X05
(ExPGP 2005-08 : Term-VII)

CORPORATE TAX PLANNING

Total Hours: 30

COURSE OUTLINE

Instructor: Subha Kant Padhi, FCA

LEVEL OF KNOWLEDGE REQUIRED:

· Expert knowledge in Module- I
· Working knowledge in Module-II

COURSE OBJECTIVE:
Module- I
To provide an in-depth knowledge of the IT Act, 1961 provisions
To know how to use tax planning devices in managerial decision making
Module-II
To provide an overview of CEA basic provisions and CENVAT
To provide an overview of Service Tax Provisions

The course is divided into 2 units. Each unit has certain portions reserved for students for self-reading. Questions will be asked from all portions.

MODULE- I:
PROVISIONS OF IT ACT AND PLANNING: (24 hours)
· Basic concepts & definitions
· Residential status and planning
· Business expenditure & tax planning, avoiding disallowances
· Capital Gains & Planning
· Losses and planning
· Corporate Restructuring (Internal and External) - Tax Planning
· Securities and Taxation
· Holding and Subsidiary Company & Tax Planning
· Financial management decisions & Tax Planning:

i) Capital structure

(self-reading)

ii) Dividend policy iii) Bonus shares

· Planning for new industries: Form of organisation, Location of business, Nature of business (self-reading)
· MAT & Planning
· 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

MODULE-II: (6 hours)
· Overview of CEA and CENVAT
· Overview of Service Tax Provisions

PERFORMANCE EVALUATION: shall be done through term examinations and quizzes. Weightage for different components is as under.

Evaluation component	Weightage
A. (SURPRISE) QUIZZES 1st. Quiz 2nd. Quiz 3rd. Quiz 4th. Quiz	60%
B. END TERM	40%

GRADING POLICY: In case of quizzes, total marks secured in all quizzes will be summed up and divided by the total marks of all quizzes and then converted to 60% weightage. QPI will be determined taking overall performance of the class and will be based on a relative grading depending on the best performance.

PEDAGOGY: Provisions of the Act will be discussed placing emphasis on judicial interpretation and their consequent effect on decision making. Application for managerial decision making will be demonstrated through solving numeric cases wherever there are alternatives available. All discussions will be supplemented by mini-cases wherever necessary.

EXPECTATION FROM STUDENTS: You have to read many provisions on your own and apply. The art of applying will be always demonstrated in the class room. No student should take this course unless he is prepared to read a lot on his own.

ABOUT COURSE MATERIAL: Course material will be the recommended books. Class notes will be in a schematic form and is never a substitute for book reading.

BOOKS RECOMMENDED:

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

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Created By: Lingaraj Pattanaik on 06/09/2007 at 12:00 PM
Category: ExPGP-III Doctype: Document

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