Income-tax and Corporate Tax Planning

UNIT – X: Income-tax and Corporate Tax Planning

  • Income-tax: Basic concepts; Residential status and tax incidence; Exempted incomes; Agricultural income; Computation of taxable income under various heads; Deductions from Gross total income; Assessment of Individuals; Clubbing of incomes
  • International Taxation: Double taxation and its avoidance mechanism; Transfer pricing
  • Corporate Tax Planning: Concepts and significance of corporate tax planning; Tax avoidance versus tax evasion; Techniques of corporate tax planning; Tax considerations in specific business situations: Make or buy decisions; Own or lease an asset; Retain; Renewal or replacement of asset; Shut down or continue operations
  • Deduction and collection of tax at source; Advance payment of tax; E-filing of income-tax returns

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