ONE YEAR ADVANCED DIPLOMA IN CORPORATE TAXATION
SEMESTER –II CORPORATE FINANCING,RESTRUCTURING AND PROCEDURAL ASPECTS
1.2.5 TAX IMPLICATIONS OF CORPORATE FINANCING AND BUSINESS RESTRUCTURING
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
1.2.6 TAX CONSEQUENCES UPON WINDING UP/LIQUIDATION OF THE COMPANY
Module I 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
1.2.7 TAX ADMINISTRATION AND ASSESSMENT PROCEDURE
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
1.2.8 APPEALS, REVISIONS, OFFENCES AND PENALTIES
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.