Introduction to the Course

Individuals and Businesses have to live with Taxes (Direct or Indirect). In general Societies need taxation in order to redistribute wealth, to provide for expenditure on public goods and services, as well as serve as a tool to influence behavior. A thorough understanding of the nuances of taxation will help one understand the liabilities that he might have to face, the advantages that the law affords him which he can rightfully gain and the strategies he may deploy to add value to the business rightfully in so far as taxes are concerned.  The impact of taxation is a key aspect of financial and corporate planning and decision-making. Thus taxation as a subject not only can give hands on to the individual’s personal tax planning but also introduce the Students to probe into current tax issues.

Course Objectives

1. The objective of this course is to acquaint the students with a conceptual framework for understanding various concepts, provisions and legal pronouncements in respect of both Direct and Indirect taxes. 
   
2.  It also aims at developing an understanding that will not only help the students appreciate the provisions that bind businesses in the tax field but also help them structure strategies that plan taxes and add value to the businesses they work for .
   
3. The course would also help the students assess and plan their personal income taxes and investment.