CORPORATE TAX PLANNING

Primarily written for the students of Commerce, the present book is a complete study of tax planning, tax procedures and management, wealth tax, Value Added Tax and service tax. Upto the Fifth Edition the book was entitled Direct Tax Planning and Management. Now it is entitled Corporate Tax Planning and has 46 chapters divided into eleven self-contained unitsBasics; Tax Planning of Salary; Tax Holiday; Profits and Gains from Business or Profession and Capital Gain; Corporate Tax in India; Financial Decisions; Setting up of New Business; Managerial Decisions; Tax PlanningOthers; Corporate Restructuring; and Non-Residents Taxation. The book comprehensively covers the latest syllabus prescribed by most of the Indian universities. In addition to the detailed explanation of each of its topics, the book is rich in illustrations and practice exercises that facilitate easy understanding and quick revision of the subject.The book will undoubtedly prove useful to the students of B.Com., CS (Final), ICWA (Final), M.Com., MBA, MFC and CFA. Besides students, the general readers keen to obtain basic and in-depth knowledge of tax planning will find this book highly informative.

Book Contents

VOLUME 1Preface; Unit 1 Basics; 1. Tax Planning, Tax Avoidance and Tax Evasion; 2. Tax Rates for the AY 2007-08 & AY 2008-09; 3. Deductions u/s 80C to 80U; 4. Set Off and Carry Forward of Losses; Unit 2 Tax PlanningSalary; 5. Tax Planning Employees Remuneration; 6. Fringe Benefit Tax; Unit 3 Tax Holiday; 7. General Conditions; 8. Tax Holiday Sections 10, 10AA, 10B & 10BA; 9. Tax HolidayDeductions u/s 80IA, 80IAB, 80IB and 80IC, 80ID & 80IE; Unit 4 Profits and Gains from Business or Profession and Capital Gain; Profits and Gains from Business or Profession; 10. Section 28 Chargeability; 11. Deductions Sections 30 to 37; 12. Depreciation; 13. Valuation of Stock and Accounting System; 14. Restrictions on Deductions Sections 40 to 43B; 15. Specialised Business; 16. Tonnage Tax for Shipping Companies; Capital Gain; 17. Capital Gain; Unit 5 Corporate Tax in India; 18. Types of Companies; 19. Minimum Alternative Tax; 20. Section 79; Unit 6 Financial Decisions; 21. Tax Planning with Reference to Capital Structure; 22. Deemed Dividend; 23. Tax on Distribution of Dividend; 24. Tax Planning Dividend v. Bonus v. Buyback; Unit 7 Setting up of New Business; 25. Form of Organisation; 26. Tax Planning Location and Nature of Business; Unit 8 Managerial Decisions; 27. Tax Planning with Reference to Lease or Buy Decisions; 28. Tax Planning with Reference to Repair, Replace and Make; or Buy Decisions; Unit 9 Tax Planning Others; 29. Insurance Compensation; 30. Capital Gains on Distribution of Assets by Companies in Liquidation; 31. Sale of Scientific Research Asset; Unit 10 Corporate Restructuring; 32. Corporate Restructuring Through Amalgamation; 33. Corporate Restructuring Through Demerger; 34. Business Reorganisation of Co-operative Banks; 35. Transfer of Capital Asset by Holding Company to Its Indian Subsidiary Company; 36. Corporate Restructuring Through Slump Sale; 37. Conversion of Firm/Sole Proprietorship to Company; Unit 11 Non-Residents Taxation; 38. Business Connection/BPO Section 9; 39. Definition Interest, Royalty and Fees for Technical Services; 40. Special Rates of Tax Non-Residents; 41. Presumptive Basis of Taxation; 42. Deductions & Exemptions Allowed to Non-Residents; 43. Double Taxation Avoidance Agreement; 44. Advance Ruling; 45. Transfer Pricing; 46. Assessment of Non-Residents; Kaushal Kumar Agrawals Question Bank