Page 4 - DCOM508_CORPORATE_TAX_PLANNING

SYLLABUS

Corporate Tax Planning

Objectives:
The course aims to familiarize the students with major latest provisions of Indian tax laws and related judicial
pronouncements pertaining to corporate world.
The course will sensitize the students to recognize tax planning opportunities for developing appropriate tax strategies
required in corporate decision making.
This course will enable the learners to do effective tax planning to reduce tax liability of companies.

Sr. No.
Description
1. Basic framework of tax laws in India, Residential status of a Company and incidence of tax, Corporate Tax
Planning: meaning, Tax Evasion and Tax Avoidance. Tax Planning & Tax Management
2. Planning regarding Set off & Carry Forward of Losses and Computation of taxable income of companies,
Minimum Alternate Tax, Tax on distributed profits of domestic companies, Tax on dividends and income
received from venture capital companies.
3. Special provisions in respect of newly established undertakings in Free Trade Zones: General and specific
conditions, consequence of amalgamation, demerger and sec 10A. Special provisions in respect of newly
established undertakings in SEZ’s.: conditions, consequence of amalgamation, demerger and sec 10AA.
Special provisions in respect of newly established undertakings in 100% EOU’s: specific conditions,
consequence of amalgamation, demerger, sec 10 B
4. Deductions available to undertakings developing infrastructure facility, SEZ, Industrial Park, power
generation, Telecommunication, reconstruction of power unit. Deductions in respect of profits and
gains of undertakings engaged in development of SEZ. Deductions in respect of certain undertakings
in certain special category of states, North-Eastern States. Application of these special conditions
5. Decision regarding form of organization. Tax Planning regarding form of organization with reference
to sole proprietorship, Partnership & Company
6. Financial Management Decisions: Capital Structure Decisions, regarding Dividend Policy: meaning of
dividend and its distribution, DDT and regarding issue of Bonus Shares.
7. Managerial Decision: Buy or Lease, Make or Buy and Export or Local Sales, Tax Planning regarding
employees remuneration, FBT Planning and Remuneration Planning
8. Tax Planning in case of liquidation, Advance payment of Tax and Double Taxation Relief
9. Restructuring business, Amalgamation: conditions, transfer of capital asset, Setoff and carry forward of
losses and consequences, Demerger: Conditions, transfer of capital asset, capital gains, Set off and carry
forward of losses, expenditure on demerger and consequences
10. Conversion of sole proprietorship into company and firm into company, Slump Sale and Transfer of assets
between holding and subsidiary company