ASSAM UNIVERSITY SYLLABUS (NON - HONS): CORPORATE TAX PLANNING (6th SEM - CBCS PATTERN)

B.Com: Semester VI

Paper B.C. 6.1 (a): CORPORATE TAX PLANNING

Internal Assessment -30

Term End Exam - 70

Marks: 100

Lectures: 65

Objectives: To provide Basic Knowledge of corporate tax planning and its impact on decision-making.

Unit 1: Introduction

Lectures 9                         20

Tax planning, tax management, tax evasion, tax avoidance; Corporate tax in India; Types of companies; Residential status of companies and tax incidence; Tax liability and minimum alternate tax; Tax on distributed profits.

Unit 2: Tax planning-1

Lectures 12                           20

Tax planning with reference to setting up of a new business: Locational aspect, nature of business, form of organization; Tax planning with reference to financial management decision – Capital structure, dividend including deemed dividend and bonus shares; Tax planning with reference to sale of scientific research assets.

Unit 3: Tax planning-2

Lectures 15                            20

Tax planning with reference to specific management decisions – Make or buy; own or lease; repair or replace

Tax planning with reference to employees’ remuneration Tax planning with reference to receipt of insurance compensation Tax planning with reference to distribution of assets at the time of liquidation.

Unit 4: Special provisions relating to non-residents

Lectures 12                     20

Double taxation relief; Provisions regulating transfer pricing; Advance rulings; Advance pricing agreement

Unit 5: Tax planning with reference to business restructuring Lectures 17               20

Amalgamation, Demerger, Slump sale, Conversion of sole proprietary concern / partnership firm into company, Conversion of company onto LLP, Transfer of assets between holding and subsidiary companies.

Suggested Readings:

1. Vinod K. Singhania and Monica Singhania, Corporate Tax Planning. Taxmann Publications Pvt. Ltd., New Delhi.

2. Girish Ahuja and Ravi Gupta. Corporate Tax Planing and Management. Bharat Law House, Delhi

3. Shuklendra Acharya and M.G. Gurha. Tax Planning under Direct Taxes. Modern Law Publication, Allahabad

4. D.P. MIttal,. Law of Transfer Pricing. Taxmann Publications Pvt. Ltd., New Delhi

5. IAS – 12 and As - 22

6. T.P. Ghosh, IFRS, Taxmann Publications Pvt. Ltd., New Delhi

Journals :

1. Income Tax Reports, Company Law Institute of India Pvt. Ltd., New Delhi

2. Taxman, Taxmann Allied Services Pvt. Ltd., New Delhi

3. Current Tax Reporter, Current Tax Reporter, Jodhpur