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    MBA III Taxation

    Uploaded by

    Anirban Biswas
    dasf

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    © All Rights Reserved
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    MBA III Taxation

    Uploaded by

    Anirban Biswas
    25 views2 pages
    dasf

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    dasf

    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
    25 views2 pages

    MBA III Taxation

    Uploaded by

    Anirban Biswas
    dasf

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Program: MBA L T P C

    Semester: III 3 0 0 3
    Course: Taxation
    Course Code: 11.621.5

    Course Learning Objective:

    CLO 1: To enable the students to understand basic nature and structure of taxation under income tax laws.
    CLO 2: To enable the students to understand charging of income tax under different heads of income.
    CLO 3: To enable the students to understand the framework of corporate tax planning as a tool for financialplanning.
    CLO 4: To enable the students to understand complex area of tax management in different business
    environment.

    Course Outcome:

    On the completion of the Course, the students will be able to:

    CO 1: Students would understand the nature and structure of taxation as well as conversant with technicalterms
    related to Income Tax.

    CO 2: Students would understand the process of charging of tax under different heads and differentiatenature of
    income under different heads.

    CO 3: Develop analytical skills in financial planning with knowledge of corporate taxation system.

    CO 4: students would have an understanding and expertise in tax management in complex businessenvironment.
    Course Content
    Topics Hours
    Unit I Basics of Taxation:

    Introduction to Taxation: Meaning and concept of tax; Objectives and principles of taxation 8
    Types of Taxes: Direct taxes (Income Tax, Corporate Tax); Indirect taxes (GST, Customs Duty,
    Excise Duty)
    Basic Concepts: Assessment Year, Previous Year, types of Assesses, capital and revenue receipt,
    Residential status and chargeability Tax Slab.
    Unit II Tax on Individual Income & deductions

    Computation of tax under the heads of Salaries, Income from House Property, Profits & Gains from
    Business or profession and capital gains, computation of total income. Tax Deduction and Exempted 20
    Income.

    Unit III Corporate Tax management and planning

    Nature, Objectives of Tax Management and Tax Planning,Corporate tax in India rate of taxation 10
    Tax planning for depreciation; merger and amalgamation, Tax planning regarding Employees
    Remuneration, Tax appeals.
    Unit IV Procedure for Tax Assessment
    Advance Tax, TDS, Avoidance of Double Taxation. Set off and carry forward of losses. Deductions,
    7
    Refund and Tax Authorities, Penalty and Prosecution for Tax Evasion Search and Seizure

    Suggested Readings:
     Income Tax Law & Practice, Prasad Bhagwati - (Vishwa Prakashan)
     Tax Planning by Reports, Santaram R - (Taxmann, 1978).
     Direct Taxes, Law & Practice, Singhania V K - (Taxmann, 40thEd.)
    4. Indirect Taxes – Law & Practice, Datey V.S. - (Taxmann, 20thEd.)

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