Tax Planning Notes

Tax Planning Notes PDF

Date: 3rd Feb 2023

In these “Tax Planning Notes PDF”, we will acquaint the students with the tax structure for individuals and corporates and also its implications for planning

We have provided multiple complete Tax Planning Notes PDF for any university student of Bachelor of Management Studies (BMS) or Master of Business Administration (MBA) to enhance more knowledge about the subject and to score better marks in the exam. Students can easily make use of all these Tax Planning Notes PDF by downloading them.

Topics in our Tax Planning Notes PDF

The topics we will cover in these Tax Planning Notes PDF will be taken from the following list:

Income tax concepts: Previous Year, Assessment Year, Person, Income (including agricultural income), Residential Status and their incidence of tax, Gross Total Income, Total Income; Income which do not form part of total income, Tax Evasion, Tax Avoidance.

Computation of Income under the head Salary.

Computation of Income under the Head: House Property and Profits and gains from Business or Profession. Computation of Income under the Head: Capital gains and Income from other sources.

Clubbing of Income, Set-off and carry-forward of losses , Deductions from gross total income as applicable to an individual and Business Units; Computation of total income and tax liability of an individual and Business Units, Procedure for assessment: E-filing of return, Introduction to the concept of Goods and Services Tax (GST) and Direct Tax Code (DTC).

Meaning of Tax Planning and Management; Nature, scope and justification of corporate tax planning.

Computation of taxable income and tax liability of companies: Minimum Alternative Tax, Introduction to tax planning with reference to financial decisions; tax planning with reference to amalgamation or de-merger of companies.

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Tax Planning Reference Books List

We have listed the best Tax Planning Reference Books that can help in your Tax Planning exam preparation: 

• Singhania, V.K. Student Guide to Income Tax. Taxmann Publications Pvt. Ltd.
• Ahuja and Gupta. Simplified Approach to Corporate Tax. Flair Publications Pvt. Ltd

Management Notes PDF