Financial Planning And Tax Management

Syllabus

Code: KMBN FM02

Financial Planning and Tax Management

Unit I                                                                                                                                                            8 Hours

Financial Planning: Definition, Need of Financial Planning and Process of Financial Planning,  Role of Financial Planner , Myths About Financial Planning, Factors that Influence that Influence  the Personal Financial Planning ,Investors Life Cycle, Financial Goals of Investors , Risk Appetite,  Risk Profiling, Systematic Approach to Investing: SIP,SWP,STP, Financial Plan; Goal Based  Financial Plan; Comprehensive Financial Plan; Financial Blood Test Report.

Unit II                                                                                                                                             8 Hours

Asset Allocation: Guidelines for Asset Allocation, Classification of Assets, Risk return characteristics of Assets, Factors Involved in Asset Allocation, Principles of Asset Allocation, Retirement planning, Need for Retirement Planning, Golden Rules of Retirement Planning, Retirement Planning Process, Retirement Planning Investment Options, Estate Planning Definition and Need of Estate Planning.

Unit III                                                                                                                                           6 Hours

Introduction to Tax: Definition, Cannons of Taxation Person, Assesse, Income, Previous Year, Assessment Year, Income Tax Important Dates and Forms. Residential Status & Tax Incidence: Individual Income Exempted from Tax.

Unit IV                                                                                                                                            8 Hours

Heads of Income: Salaries, Income from House Property, Profits & Gains from Business or Profession, Capital Gains, Income from Other Sources, Clubbing of incomes, Calculation of  Taxable Income ,Tax Calculation Including Surcharge and Marginal Relief, Deduction, Rebate, Relief, Set Off & Carry Forward of Losses-Principles, Meaning, Inter-Sources & Inter-Head Set Off.

Unit V                                                                                                                                             6 Hours

Tax Planning & Management: Tax Avoidance, Planning & Evasion, Income Tax Authorities[1]Their Appointment, Jurisdiction, Powers and Functions, Provisions Relating to Collection and  Recovery of Tax, Refund of Tax, Offences, Penalties and Prosecutions, Appeals and Revisions, Advance Tax, TDS, Advance Rulings, Avoidance of Double Taxation Agreements.