cm 4.6 a corporate tax law and planning 4.6_a_ corpor… · reference to specific managerial...

CM 4.6(A) CORPORATE TAX LAW AND PLANNING (w.e.f. the batch of students admitted - 2015-16 ) UNIT- I : Introduction: Nature and Scope of Corporate Tax Management – Need for and significance – Problems in Tax Management - Types of Companies - Widely Held Company, Closely held company, Residential Status of a Company and incidence of tax. UNIT- II Procedure for Assessment – Deduction of tax at Source, Advance payment of Tax, Tax returns, refunds appeals and revision. UNIT-III Tax Administration – Concept, Tax administration with reference to setting up of new business, Financial management decisions & Employees remuneration. UNIT- IV : Computation of Taxable Income of Companies – Computation of taxable income under different heads of income – House property, Profit and gain from business, Capital gain and income other sources, carry forward and set off of losses in case of companies. Deduction from Gross Total income. Minimum Alternative Tax. UNIT – V : Tax Planning – Tax avoidance and tax evasion. Tax planning with corporate dividend, Dividend policy – Bonus shares. Tax planning with reference to specific managerial decisions – Make or Buy, Own or Lease, Purchase by installment or by Hire, Repair, Replace, Renewal or Renovation, shut down or continue. Suggested Books 1. Direct taxes – Dr. H.C. Mehrotra and Dr. S.P. Goyal Sahitya Bhavan New Delhi. 2. Direct Taxes law and practice – Bhagavathi Prasad, Vishva Prakashana, New Delhi. 3. Direct Taxes Aggarval P.K “Tax Planning for Companies” Hind Law Publishers, New Delhi. 4. Corporate Tax Planning and management, Lakhotia, Vision Publishers. 5. Taxman’s direct Tax Laws and Practice, Dr. Vinod K.Singhania and Kapil Singania Taxman’s Publications(p)Ltd., New Delhi.

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Page 1: CM 4.6 A CORPORATE TAX LAW AND PLANNING 4.6_A_ CORPOR… · reference to specific managerial decisions ... Corporate Tax Planning and management, ... CM 4.6_A_ CORPORATE TAX LAW AND

CM 4.6(A) CORPORATE TAX LAW AND PLANNING (w.e.f. the batch of students admitted - 2015-16 )

UNIT- I : Introduction: Nature and Scope of Corporate Tax Management – Need for

and significance – Problems in Tax Management - Types of Companies - Widely Held Company, Closely held company, Residential Status of a Company and incidence of tax.

UNIT- II Procedure for Assessment – Deduction of tax at Source, Advance payment of Tax, Tax returns, refunds appeals and revision.

UNIT-III Tax Administration – Concept, Tax administration with reference to setting up of new business, Financial management decisions & Employees remuneration.

UNIT- IV : Computation of Taxable Income of Companies – Computation of taxable income under different heads of income – House property, Profit and gain from business, Capital gain and income other sources, carry forward and set off of losses in case of companies. Deduction from Gross Total income. Minimum Alternative Tax.

UNIT – V : Tax Planning – Tax avoidance and tax evasion. Tax planning with corporate dividend, Dividend policy – Bonus shares. Tax planning with reference to specific managerial decisions – Make or Buy, Own or Lease, Purchase by installment or by Hire, Repair, Replace, Renewal or Renovation, shut down or continue.

Suggested Books

1. Direct taxes – Dr. H.C. Mehrotra and Dr. S.P. Goyal Sahitya Bhavan New Delhi. 2. Direct Taxes law and practice – Bhagavathi Prasad, Vishva Prakashana, New Delhi. 3. Direct Taxes Aggarval P.K “Tax Planning for Companies” Hind Law Publishers, New

Delhi. 4. Corporate Tax Planning and management, Lakhotia, Vision Publishers. 5. Taxman’s direct Tax Laws and Practice, Dr. Vinod K.Singhania and Kapil Singania

Taxman’s Publications(p)Ltd., New Delhi.

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Tax – a corporate responsibility priority - Eurodad.orgeurodad.org/.../1546280-tax-a-corporate-responsibility-priority.pdf · Guidance on corporate tax in existing CSR frameworks

Replacing Corporate Income Tax with a Cash Flow Tax...1 Replacing corporate income tax with a cash flow tax 1. Governments have been cutting corporate income tax rates Business taxation