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Class:5BCOMHB

CourseName:TAXPLANNINGAND
ADMINISTRATION

CourseCode:COH532

Syllabus
TotalTeachingHoursForSemester:60
MaxMarks:100

NoofLectureHours/Week:4
Credits:3

CourseObjective
Everyassesseswhoseincomecrossesthetaxablelimithastocompulsorilypaytaxes.Knowledgeabouttax
planning helps every assesse to plan and reduce the burden of taxes. This course on Tax Planning and
Administrationisofferedasacorepaperinthefifthsemester.Thecoursehighlightsthevariousprinciples
and canons of taxation. It familiarizes the students about the different types of assessments and returns. It
provides advanced knowledge on assessments of different persons and also gives an insight in to the
proceduretoundertaketaxplanningthatarisesinthecourseofassessmentsandfilingofreturns.Asapre
requisite,studentsareexpectedtohaveathoroughknowledgeontheassessmentofincomeofindividuals.
LearningOutcome
Toprovideanunderstandingofhowassessmentcanbedonebyindividuals,firmandcompany.
Todeveloptheknowledgeofsoundtaxplanningwhichisbeneficialforthelongterm..
ToprovideanunderstandingtoclaimbenefitofsettingindustrialunitsinSEZ,andothertradezones.

Unit1

TeachingHours:8

PrinciplesandCannonsofTaxation
Benefitapproach,principlesofequity,abilitytopay,costofserviceprinciples.Cannonsoftaxation,Typesoftaxesproportional,
progressive and regressive advantages and disadvantages. Taxable capacity meaning, determinants and measurement of taxable
capacity.

Unit2

TeachingHours:7

TaxPlanningIntroduction
BasicConcepts:MeaningofTaxplanning,taxavoidanceandtaxevasion.Differencesbetweentaxplanning,taxavoidanceandtax
evasion,requisitesofgoodtaxplanning,factorsandtypesoftaxplanning,benefitsoftaxplanning.

Unit3

TeachingHours:6

TaxPlanningandManagerialDecisions
TaxPlanningbasedonResidentialStatus,NatureofBusiness,FormofBusinessOrganization,LocationofBusiness,TaxPlanning
and Managerial DecisionsCapital Structure Decisions, Own or Lease an Asset, Repair or Replace, Hire Purchase vs. Installment
Purchase,MakeorBuyacomponent,Mergers,EmployeeRemuneration.

Unit4

TeachingHours:15

AssessmentofindividualandHUF.
Assessment of Individuals, HUF Computation of Income from salaries including valuation of perquisites, Income from house
propertyProfitsandgainsofbusinessorprofessionwithspecialreferencetopresumptivetaxation,Capitalgains,Incomefromother
sourcesComputationoftotalincomeandtaxliability.

Unit5

TeachingHours:15

AssessmentofFirmandcompany
PartnershipFirm:ConditionsforfirmtobeassessedasFIRM,Bookprofitsu/s40(b),ComputationoftotalIncomeandtaxliability,
Assessment of Companies. Minimum Alternate tax, corporate dividend tax, Computation of total income and tax liability of
company.

Unit6

TeachingHours:4

Exemptionsforspecialundertakings
Exemptions for Undertakings in Free trade zones, Units in Special Economic Zones, 100% EOU, Industries exporting certain
articles/things,UndertakingsinNortheasternregions.(sec10A,10AA,10B.

Unit7

TeachingHours:5

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ReturnofIncome
Meaningofreturnofincome,Compulsoryfilingofreturns,interestincaseofdefault,Returnofloss,BelatedReturn,RevisedReturn,
Documents required to be furnished along with return, Time limit for filing return of income, Defective return, PAN, Authorized
signatoriestotheReturnofincome

EssentialTextBooks
1.Gaur,V.B.(2013).PlanningandManagementofCorporateTaxation,NewDelhi:KalyaniPublishers.

RecommendedReading
1. Shuklenra ,A.Gurtha, M.G.(2012).Tax planning under Direct Taxes, New Delhi: Modern Law
Publications.
2.Singhania,V.K.(2011).StudentsGuidetoIncomeTax.NewDelhi:TaxmanPublications.
3.Manoharan,T.N.(2011).Students'HandBookonIncomeTaxLaw.Chennai:SnowwhitePublicationsP.Ltd.
4.Ahuja,G.&Gupta,R.(2011)SystematicApproachtoIncomeTaxandCentralSalesTax,NewDelhi:Bharat
lawHouse.
5.Mursgrave,R.(2010).TheTheoryofPublicFinance.NewDelhi:McGrawHill.

CoursePlan
Planned
date

01/06/2016
04/06/2016

06/06/2016
11/06/2016

13/06/2016
18/06/2016

Noof
hours

2.00

4.00

4.00

Unit

Heading

Details

Method

Reading/Ref

Public
Finance
(2015)byDr.
R.KLekhi
andDr.
Joginer
Singh
Kalyani
Publishers

Principles
andCannons
ofTaxation

Benefitapproach,principlesof
equity,abilitytopay,costof
serviceprinciples.Cannonsof
taxation

Unit1

Principles
andCannons
ofTaxation

Public
Finance
Typesoftaxesproportional,
(2015)byDr.
progressiveandregressive
R.KLekhi
advantagesanddisadvantages. SelfLearning
andDr.
Taxablecapacitymeaning
Module.
Joginer
determinantsandmeasurements
Singh
oftaxablecapacity
Kalyani
Publishers

Unit2

MeaningofTaxplanning,tax
avoidanceandtaxevasion.
Differencesbetweentax
Chalkand
TaxPlanning planning,taxavoidanceandtax
talk,Ppt
Introduction evasion,requisitesofgoodtax
Discussions.
planning,factorsandtypesof
taxplanning,benefitsoftax
planning

Unit1

TaxPlanningbasedon

Chalkand
talk,Ppt
Discussions.

Public
Finance
(2015)byDr.
R.KLekhi
andDr.
Joginer
Singh
Kalyani
Publishers
GaurV.B
(2016)
Planningand

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20/06/2016
25/06/2016

27/06/2016
02/07/2016

04/07/2016
09/07/2016

11/07/2016
16/07/2016

18/07/2016
23/07/2016

25/07/2016
30/07/2016

01/08/2016
06/08/2016

4.00

4.00

4.00

4.00

4.00

4.00

4.00

Unit3

Unit3

Unit4

Unit4

Unit4

Unit4

Unit4

TaxPlanning
and
Managerial
Decisions

ResidentialStatus,Natureof
Business,FormofBusiness
Organization,Locationof
Business

TaxPlanning
and
Managerial
Decisions

TaxPlanningandManagerial
DecisionsCapitalStructure
Decision,OwnorLeasean
Asset,RepairorReplace,Hire
Chalkand
Purchasevs.Installment
talk,problem
Purchase,MakeorBuya
Discussions.
component,Mergers,Employee
Remuneration,paymentof
Dividendandconceptof
Deemeddividend

GaurV.B
(2016)
Planningand
management
ofCorporate
taxation,New
delhi:
Kalyani
Publisher

Assessment
ofindividual
andHUF.

DeductionsfromtotalIncome:
Deductionsinrespectof
payments
80C,80CCC,80CCD,
80D,80DD,80DDB,

Taxation
LawsbyV.P
GaurandD.B
Narang
C(2016)
Kalyani
Publisher

Assessment
ofindividual
andHUF.

Poster
presentation
ontax
80E,80G,
planningfor
80GG,80GGA,80GGB,80GGC,
Individuals.
80QQB,80RRB,80U
Service
learning
component.

Taxation
LawsbyV.P
GaurandD.B
Narang
C(2016)
Kalyani
Publisher

Computationoftotalincome
andtaxliabilityforindividuals
andHUF

Chalkand
talk,problem
Discussions.

Taxation
LawsbyV.P
GaurandD.B
Narang
C(2016)
Kalyani
Publisher

Chalkand
talk,problem
Discussions.

Taxation
LawsbyV.P
GaurandD.B
Narang
C(2016)
Kalyani
Publisher

Chalkand
talk,problem
Discussions.

Taxation
LawsbyV.P
GaurandD.B
Narang
C(2016)
Kalyani
Publisher

Assessment
ofindividual
andHUF.

Assessment
ofindividual
andHUF.

Assessment
ofindividual
andHUF.

Computationoftotalincome
andtaxliabilityforIndividual
andHUF

Computationoftotalincome
andtaxliabilityforHUF

Chalkand
talk,problem
Discussions.

Chalkand
talk,problem
Discussions.

management
ofCorporate
taxation,New
delhi:
Kalyani
Publisher

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13/08/2016

15/08/2016
20/08/2016

22/08/2016
27/08/2016

29/08/2016
03/09/2016

05/09/2016
10/09/2016

12/09/2016
17/09/2016

19/09/2016
24/09/2016

4.00

4.00

4.00

4.00

4.00

4.00

4.00

Mse

Unit5

Unit5

Unit5

Unit6

Unit6

Unit7

Assessment
ofFirmand
company

Assessment
ofFirmand
company

Assessment
ofFirmand
company

Exemptions
forspecial
undertakings

Exemptions
forspecial
undertakings

Returnof
Income

Mse

Mse

Chalkand
talk,problem
Discussions.

GaurV.B
(2016)
Planningand
management
ofCorporate
taxation,New
delhi:
Kalyani
Publisher

Chalkand
talk,problem
Discussions.

GaurV.B
(2016)
Planningand
management
ofCorporate
taxation,New
delhi:
Kalyani
Publisher

Chalkand
talk,problem
Discussions.

GaurV.B
(2016)
Planningand
management
ofCorporate
taxation,New
delhi:
Kalyani
Publisher

ExemptionsforUndertakingsin
Chalkand
Freetradezones,Unitsin
talk,problem
SpecialEconomicZones,100%
Discussions.
EOU

GaurV.B
(2016)
Planningand
management
ofCorporate
taxation,New
delhi:
Kalyani
Publisher

Industriesexportingcertain
articles/things,Undertakingsin
Northeasternregions.(sec
10A,10AA,10B)

GaurV.B
(2016)
Planningand
management
ofCorporate
taxation,New
delhi:
Kalyani
Publisher

PartnershipFirm:Conditions
forfirmtobeassessedasFirm,
Bookprofitsu/s40(b),
ComputationoftotalIncome
andtaxliability

MinimumAlternatetax,
ComputationofBookprofits
forthepurposeofMAT,

ProblemsonComputationof
MATCorporatedividendtax,
TotalIncomecomputationand
taxliability

Meaningofreturnofincome,
Compulsoryfilingofreturns
Interestincaseofdefault,
Returnofloss,BelatedReturn,
RevisedReturn,Defective
return,Duedateforfiling
returnsPermanentAccount

Chalkand
talk,problem
Discussions.

Chalkand
talk,problem
Discussions.

GaurV.B
(2016)
Planningand
management
ofCorporate
taxation,New
delhi:

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number,Authorizedsignatories
toreturnofIncome.

Kalyani
Publisher

CIA1
Component/Task1
CIADetails

Infographicsontaxplanningforindividuals.Toassessstudentsabilitytopresentconceptual
learninginapictorialform/usingposterordigitalgraphics.Thestudentswillpresenttheirpostersto
fiveIndividualswhoarenotawareoftaxplanningschemes.
LearningObjective

1.ToImprovepresentationskills
ToEnhancecreativityanddesignthinking
Toenablestudentstoapplytheoryinpractice.
EvaluationRubrics

CATEGORY

Objectives

4Marks

3Marks

2Marks

1Marks

Excellent

Good

Fair

NeedsImprovement

Theartworkis
plannedcarefully
understandingall
conceptsand
instructionsare
clearly
demonstrated.

Theartworkis
planned
carefully
understandingof
mostconcepts
andinstructionsis
demonstrated.

Theartworkis
planned

ThePresentation
wasextremely
ThePresentation
Creativity thoughtoutand
wasnicelythought
creative.Careful
outandcreative.

attentiontodetails Lacksalittle
hasbeengiven.
attentiontodetails.
Infographicis
Infographicis

excellentlybrought broughtoutnicely.
out.
Allgraphicsare
Allgraphicsare
relatedtothetopic
Graphics
relatedtothetopic
andmakeiteasier
andcontributeclear

torelatetothe
meaning
topicunderstand.

Awareness
level

Skill

Theinformation
sharedto
individualswas
highlyappreciated.
Theartworkshows
outstanding
craftsmanship,
withclear
attentionto
organizationand
adaptationinusing
thechosen
medium.

adequately
understandingof
someconceptsand
instructions
demonstrated.

Theartworkshows
littleevidenceof
understandingofthe
concepts
andinstructions.

ThePresentationwas ThePresentationisnot
nicelythoughtoutand creative,requirelot
couldbemore
morethinkingand
creative.Couldhave understandingofthe
providedlittlemore subject.Shouldrequire
attentiontodetails.
higherattentionto
Infographiclooks
details.Infographic
fine.
looksincomplete.
Allgraphicsare
relatedtothetopic

Somegraphicsrelate
tothetopic

Theinformation
sharedto
individualswas
Usefuland
informative.

Theinformation
sharedtoindividuals
wasUsefulbutless
informative.

Theinformation
sharedwas
Incomplete.

Theartworkshows
goodcraftsmanship,
withclearattention
toorganizationand
adaptationinusing
thechosenmedium.

Theartworkshows
faircraftsmanship
andlittleattentionto
controland
adaptation
inusingthechosen
medium.

Theartworkshows
verylittle
craftsmanship,with
littleorno
attentiontocontrol
andadaptationin
usingthechosen
medium.

Component/Task2
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CIADetails

MultiplechoiceObjectivetest.Toassessstudentsabilitytounderstandincometaxprovisions.
LearningObjective

Toteststudentsabilitytorecalltheincometaxprovisions.
EvaluationRubrics

20MCQs.Eachcarry.5marks.
CIA3
Component/Task1
CIADetails

Grouppresentationandeachgroupconsistsof56members.Thestudentsareexpectedtomakea
presentationontheassigned/chosentopic.
Thestudentsshallbeevaluatedindividuallybasedontherubric.
LearningObjective

Abilitytoworkasateam
Developcomprehensionabilityamongststudents
Articulateandpresentthoughtscoherently
Enhancepublicspeakingandpresentationskills
EvaluationRubrics

Criteria

Content

Delivery

Excellent

Verygood

Satisfactory

1620

1215

811

Thepresentation
demonstrates
clearpurposeand
subjectcitesat
leastfour
pertinent
examples
supportedwith
factsand/or
statisticsand
convincing
argumentsand
concludeswith
conviction.
Holdsattention
ofentire
audiencewiththe
useofdirecteye
contact,seldom
lookingatnotes

The
presentation
demonstrates
clearpurpose
andsubject
citesatleast
twopertinent
examples
supportedwith
factsand/or
statisticsand
concludeswith
conviction.

Thepresentation
demonstratesthe
purposeand
subjectcitesat
leasttwo
pertinent
examplesbut
doesnotsupport
withadequate
factsand/or
statistics.The
conclusionisnot
convincing.

Consistentuse
ofdirecteye
contactwith
audience,but
stillreturnsto
notes

Displays
minimaleye
contactwith
audience,while
readingmostly
fromthenotes

Speakswith
Modulationin
volumeand
maintains
audienceinterest
andemphasize
keypoints

Speakswitha
satisfactory
variationof
volumeand
maintainsthe
reasonable
interestofthe
audience.
Average
accuracywith
information
sequencing

Speaksin
unevenvolume
withlittleorno
maintenanceof
interestbythe
audience

Organization

Abletosequence
information
accurately

Enthusiasm(Based

Demonstrates

Moderate

Displays
minimal
accuracyof
information
sequencing
Showslittle

Needto
Improve
Below8
Thepresentation
demonstratesthe
purposeand
subjectbutdoes
notgiverelevant
examplesor
adequatefactsor
statistics.The
conclusionisnot
convincing.

Holdsnoeye
contactwith
audience,as
entirereportis
readfromnotes
Speaksinlow
volumeand/or
monotonous
tone,which
causesaudience
todisengage

Displaysno
accuracyin
information
sequencing
Showsno

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Enthusiasm(Based
onevaluators
Observation)

Demonstrates
strong
enthusiasmabout
topicduring
entire
presentation

Moderate
enthusiastic
feelingsabout
topic

Showslittle
enthusiasmabout
thetopicbeing
presented

Showsno
interestintopic
presented

Q&Asession

Demonstrates
fullknowledge
byansweringall
classquestions
with
explanationsand
elaboration

Isateasewith
expected
answerstoall
questions,
without
elaboration

Isuncomfortable
withinformation
andisableto
answeronly
rudimentary
questions

Doesnothave
graspof
informationand
cannotanswer
questionsabout
subject

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