Introdoction of Strategic Tax Planning

Program: MBA IV Semester Second Year
MBA FM-04 :Strategic Tax Planning and Tax Management
Topic:- Introduction of Subject
Lecture-01
Jan.- Jun., 2022
Dr. Ankit Gupta
Dept. of Management
1
MBA FM-04
OVERVIEW
• Introduction
• Course Objective
• Learning Outcomes
• Methodology
• Course Outcomes
• Course Content
• Distribution of Marks
• Suggested Reading
• Career Opportunities in Taxation
2
MBA FM-04 P--1
INTRODUCTION
The course Strategic Tax Planning and Tax Management is a

core course which carries four units. It is prepared and made
available to all postgraduate students in MBA Programme, in
the Faculty of Management. This course is a useful material to
you in your academic pursuit as well as in your workplace as
managers and administrators.
3
MBA FM-04 P--2
COURSE INTRODUCES
This subject aims to enable students to consolidate prior tax

knowledge of both individuals and businesses and specifically
provide them with advanced and practical knowledge to apply
established tax principles, practices and case law decisions to
analyze various business situations and problems for making
their business operation and investment decisions in the specific
business.
4
MBA FM-04 P--3
Cont.
Tax management and tax analysis as part of the overall
management system of the organization's economy occupies a
special place in the system of financial management of the
organization. This system also allows for the management of tax
flows of a commercial organization through the use of forms and
methods and management decisions in the field of tax revenues
and tax expenditures at the micro level. This implies the accuracy
of calculations of tax payments and compliance with the terms of
their payment in accordance with the applicable rules of tax law.
In order to study the process of tax management in an
organization, it is necessary to allocate its constituent elements: 1.
tax planning, 2. tax regulation, 3. tax control
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MBA FM-04 P--4
COURSE OBJECTIVE
• To acquaint the students with theoretical and practical

knowledge of tax planning and management techniques.
• To familiarize the students with major and latest provisions of
the India tax laws and related judicial pronouncements
pertaining to various assesses with a view to derive maximum
possible tax benefits admissible under the law.
•To Provide an in depth knowledge of tax-laws and their impact
on management decisions. The course will help the students to
understand the intricacies of tax planning and management.
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MBA FM-04 P--5
LEARNING OUTCOMES:
1. To expose students to various perspectives and concepts in

the field of Strategic Tax Planning and Tax Management .
2. To provide theoretical knowledge in the field of tax
planning.
3. To provide, master and reinforce skills in calculating tax
savings and in applying methods of tax planning in
companies and financial institutions.
4. To form system-related and professional competences.
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MBA FM-04 P--6
DOLOGY:
The course essentially follows an interactive teaching- learning
mode; classroom discussions on core concepts, open-forum
discussions, use of multi-media cases and structured class
exercises.
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MBA FM-04 P--7
COURSE OUTCOMES:
CO1: To provide, master and reinforce skills in calculating tax
savings and in applying methods of tax planning in companies and
financial institutions.
CO2: To enable the students to learn principles and concepts of
Taxation
CO3: To Know about the tax planning of domestic and foreign
companies with respect to tax evasion, tax avoidance and
corporation tax planning.
CO4: To know about the tax planning of New business firms,
financial management decisions regarding dividend and bonus
shares.
CO5: To know about the special tax provisions w.r.t to free trade
zones, infrastructure development and tax incentives to exporters.
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MBA FM-04 P--8
UNIT I
Introduction Concept of income and its components, concepts of
tax planning-Tax avoidance, Tax evasion, tax Management, Tax
planning with reference to location, Nature of business. Forms
Of business organization.
10
MBA FM-04 P--9
UNIT II
Tax planning - Financial management Decisions and managerial
Decisions Taxes planning in respect of Capital Structure Decision.
Dividend policy, inter corporate Dividend, Bonus Share, own or
lease, Make or Buy decisions, repair, Replacement, Renewal.
Renovation of an Asset shut down or Continue Decision.
11
MBA FM-04 P--10
II
Computation of Total Income Tax liabilities of Companies.
Minimum Alternate Tax, Dividend Tax and Dividend Tax on
Mutual funds, Double Taxation Avoidance Agreements Fringe
Benefit Tax and Taxation of International Transactions Tax
provision.
Tax provision relating to FTZ. Infrastructure sectors backward
areas, Tax incentives to exporters
12
MBA FM-04 P--11
UNIT IV
Tax Management Return of Income and Assessment procedure,

Tax Deducted at Source, Tax Collection of Source, Advance
payment of tax, Collection and Recovery of Tax, Refund of tax,
Appeals and Revisions, Income Tax authorities and their
powers.
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MBA FM-04 P--12
DISTRIBUTION OF MARKS
SEMESTER - II
Paper Code Course Internal External Max. Marks
MBA FM-04 Strategic Tax Planning 30 70 100
and Tax Management
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MBA FM-04 P--13
REFERENCES
1. Bhatia H L - Public Finance (Vikas, 1999, 20th Ed.)
2. Lakhoita R N - How to Save Wealth Tax (Vision Book 2001, 9th
Ed.)
3. Prasad Bhagwati - Income Tax Law & Practive (Vishwa
Prakashan)
4. Santaram R- Tax Planning by reports (Taxmann, 1978)
5. Singhania V.K. - Direct Taxes Law & Practice (Taxmann, 40th
Ed.)
6. Datey V.S. Indirect Taxes - Law & Practice (Taxmann, 20th Ed.)
7.Study Material of the Institute of Company Secretaries of India
MBA FM-04 P--14

CAREER OPPORTUNITIES IN MANAGEMENT
Some job titles are:
• Financial Analyst
• Accountant
• Tax Policy Analyst
• Financial Analyst
• Internal Auditors
• External Auditors
• Employment Tax Specialist
• Personal Finance Consultant
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MBA-401 P--15
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MBA-401

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Program: MBA IV Semester Second Year

MBA FM-04 :Strategic Tax Planning and Tax Management

Topic:- Introduction of Subject

The course Strategic Tax Planning and Tax Management is a

This subject aims to enable students to consolidate prior tax

• To acquaint the students with theoretical and practical

1. To expose students to various perspectives and concepts in

Tax Management Return of Income and Assessment procedure,

MBA FM-04 P--14

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