Objectives . . .
- To gain comprehensive understanding of all aspects relating to external financial reporting practices.
- To gain expert knowledge of the professional standards, principles and procedures of accounting, and their applica-tion to different practical situations.
Contents . . .
- Direct Tax planning — tax planning V. tax evasion, tax management, tax implications in planning, the legal status of business unit, firm, private limited company and public limited company. Tax planning in respect of different heads of income. Tax implications in International Joint Venture. Tax aspects of mergers and amalgamations. New Industrial establishment and tax planning.
- Tax considerations arising withregard to specific management decisions such as – (1) make or buy ; (2) own or lease (3) retain or replace ; (4) repair of scrap or return ; (5) export versus local sale ; (6) shut down or continue ; (7) ex-pand or contract (8) merger and acquisition (9) new capital investment ; tax exemptions ; various deductions under chapter VI.
- Tax incentives and export promotions. Tax aspects of investments. Tax implications in developing capitalization structure and
(a) short term loans ; (b) deposits from public ; (c) term loans ;(d) bonus issues;
(e) dividend policy
- Wealth Tax planning – individual, companies, etc and tax planning .
- Indirect taxes planning – different aspects of tax planning and tax management in relation to Central Excise Act ; Customs Act ; Sales Tax Act .
Recommended Books
- Taxman
- Direct Taxes: Laws & Practice
- Direct Tax planning and Management
- Vision Publications
- Corporate Tax Planning
- Snow White
- Central Excise
- Bharat Law House
- Systematic Approach to Income Tax and Central Sales Tax
- Circulars issued by C. B. D. T
- Income Tax Act, 1961.
- Income Tax Rules, 1962
Other Relevant Books
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