Module I Constitutional Background of Corporate Taxation- Application of Income-tax Act beyond the territorial jurisdiction of India - Source and Residence basis – Overview of basic concepts and provisions relating to companies under the Income-tax Act, 1961

Module II Significance of Corporate Residency- Place of Incorporation- Place of effective Management-Comparative analysis of Control & Management Test with POEM-OECD Commentary- BEPS proposal- MLI recommendation-Unitary Taxation: Alternatives to C&M, POEM, POI- Brief overview- Residence-based Worldwide Taxation(RBWT)-Destination-based Cash Flow Taxation (DBCFT)-Common Consolidated Corporate Tax Base (CCCTB)

Module III Determining tax base of corporate income- Taxable Income- Revenue Receipts and Capital Receipts- Imputed Income- House Property-Taxation of Windfalls- Receipt of Compensation towards damages, loss of agency-cancellation of indebtedness- Undisclosed incomes- Unexplained incomes, credits, investment, expenditure

Module IV Losses and Expenditures – Revenue Expenditure and Capital Expenditure- Expenses and initial allowances- Amortisation of certain preliminary expenses Additional deductions for companies in manufacturing acquiring and installing new assets- Depreciation- Expenditures due to commercial expediency- Disallowance of expenditures owing to transgression of laws, offences and penalties- Corporate Expenditure on CSR- Schedule III of CSR and Tax neutrality

Module I Taxation of Capital Gains Sec. 45, 47, Conversion of securities- Parents and Subsidiary provisions, valuation issues – Sec. 50CA and Sec. 56(2)(x)

Module II Income from Other Sources- Taxation of Gifts and Bequests- Sec. 56 and its impact on restructuring- Carry forward and set off of losses- Sec. 79

Module III Minimum Corporate tax - Taxes on corporation Income tax-Minimum Alternate Tax (MAT)-Fringe Benefit Tax- Equalisation Levy

Module IV Normative Justifications for Tax Holidays- Incentive to priority sectors- Geographical Development- Tax Competition- Various Modes of Tax Holidays with examples- Exemptions and Deductions- Deduction in Respect of Profits and Gains from industrial Undertakings or Enterprise Engaged in infrastructure Development (Sec. 80[IA)- Deduction in respect of certain income of Producer Companies(Sec.80PA) - Investment allowance- Special Economic Zones- Presumptive basis of taxes- Special provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects

Module I Debt v. Equity-Dividend-Interest- Inter-corporate loans -Buy-backs

Module II Amalgamation-Definition of amalgamation-Consequences for the shareholders of amalgamating company- Consequences for amalgamating company-Consequences for amalgamated company

Module III Demerger- Definitions- Consequences for shareholders of Demerged company- Consequences for demerged company- Consequences for resulting company-

Module IV Slump sale- Conversion of sole proprietary business into company - Conversion of Partnership Firm into Company- Conversion of a private company or an unlisted public company into a Limited Liability Partnership

Module V Normative dimension of taxing distribution by companies- Types of Winding Up under the Companies Act- Liquidation under Insolvency and Bankruptcy Code- Tax Implications upon companies winding up or liquidating- Tax consequences for the shareholders- Directors Liability- Discontinued Business

Module I Income tax authorities-Types of Assessment-Filing of Returns by Companies-Self-Assessment-Power of IT authorities to call for information- summon, survey and search- Scrutiny Assessment-Income Escaping Assessment-Assessment in case of search and seizure-Faceless Assessment - Power of CBDT to issue circulars, instructions

Module I Tax recovery and Tax appeal process- Appealable Orders-Appeal before the Commissioner-Faceless Scheme of Appeal-Income-tax Appellate Tribunal-Appeals to the High Court-Supreme Court-Offences-Faceless Scheme of Penalties- Penalties-Boards for Advance Ruling