Indirect Tax Laws

Unit-1 Service tax 

Concepts and general principles, Charge of service tax and taxable services,
Valuation of taxable services, Payment of service tax and filing of returns, Penalties, CENVAT
Credit.

Unit-2 VAT 

Concepts and general principles, Calculation of VAT Liability including input Tax
Credits, Small Dealers and Composition Scheme, VAT Procedures

Unit-3 Central Excise Law in brief 

Goods, Excisable goods, Manufacture and Manufacturer,
Valuation, CENVAT, Basic procedures, Export, SSI, Job Work

Unit-4 Basic concepts of customs law, Territorial waters, high seas, Types of custom duties 

Basic, Countervailing & Anti- Dumping Duty, Safeguard Duty, Valuation, Customs Procedures, Import
and Export Procedures, Baggage, Exemptions

                                                                  Auditing and Corporate Governance 

Unit-1 Auditing

 Introduction, Meaning, Objects, Basic Principles and Techniques; Classification of
Audit, Audit Planning, Internal Control – Internal Check and Internal Audit; Audit Procedure – Vouching and verification of Assets & Liabilities

Unit-2Audit of Limited Companies:

Company Auditor- Qualifications and disqualifications,
Appointment, Rotation, Removal, Remuneration, Rights and Duties Auditor’s Report-Contents
and Types. Liabilities of Statutory Auditors under the Companies Act 2013

Unit-3 Special Areas of Audit:

Special features of Cost audit, Tax audit, and Management audit;
Recent Trends in Auditing: Basic considerations of audit in EDP Environment; Standard on
Auditing(SA); Relevant Case Studies/Problems;

Unit-4 Corporate Governance:

Conceptual framework of Corporate Governance, Corporate
Governance Reforms. Major Corporate Scandals in India and Abroad: Common Governance
Problems Noticed in various Corporate Failures. Codes & Standards on Corporate Governance

Unit-5 Corporate Social Responsibility (CSR):

Strategic Planning and Corporate Social
Responsibility; Corporate Philanthropy, Meaning of CSR, CSR and CR, CSR and Corporate
Sustainability, CSR and Business Ethics, CSR and Corporate Governance, Environmental
Aspect of CSR, CSR provision under the Companies Act 2013, CSR Committees

Unit-1
Tax planning, tax management, tax evasion, tax avoidance, corporate tax in India, Types of
companies, Residential status of companies and tax incidence, Tax liability and minimum
alternate tax, Tax on distributed profits.

Unit-2
Tax planning with reference to setting up of a new business; Locational aspect, nature of
business, form of organization; Tax planning with reference to financial management decision;
Capital structure, dividend including deemed dividend and bonus shares; Tax planning with
reference to sale of scientific research assets.

Unit-3
Tax planning with reference to specific management decisions; Make or buy; own or lease;
repair or replace; Tax planning with reference to employees’ remuneration; Tax planning with
reference to receipt of insurance compensation; Tax planning with reference to distribution of
assets at the time of liquidation.

Unit-4
Special provisions relating to non-residents; double taxation relief; Provisions regulating transfer
pricing; Advance rulings; Advance pricing agreement

Unit-5
Tax planning with reference to business restructuring: - Amalgamation, Demerger, Slump sale, Conversion of sole proprietary concern/partnership firm into company, Conversion of company into
LLP, Transfer of assets between holding and subsidiary companies.

Unit-I:
The Investment Environment - The investment decision process, Types of Investments – Commodities, Real Estate and Financial Assets, the Indian securities market, the market
participants and trading of securities, security market indices, sources of financial information,
Concept of return and risk, Impact of Taxes and Inflation on return.

Unit-II:
Fixed Income Securities - Bond features, types of bonds, estimating bond yields, Bond
Valuation types of bond risks, default risk and credit rating.

Unit-III:
Approaches to Equity Analysis: Introductions to Fundamental Analysis, Technical Analysis
and Efficient Market Hypothesis, dividend capitalization models, and price-earnings multiple
approach to equity valuation.

Unit-IV:
Portfolio Analysis and Financial Derivatives: (a) Portfolio and Diversification, Portfolio
Risk and Return. (b) Mutual Funds. (c) Introduction to Financial Derivatives, Financial
Derivatives Markets in India.

Unit-V:
Investor Protection – Role of SEBI and stock exchanges in investor protection; Investor
grievances and their redressal system, insider trading, investors’ awareness and activism.

Unit-1
An overview of financial markets in India: Money Markets: Indian money markets
composition and structure; (a) Acceptance houses, (b) Discount houses, and (c) Call money
markets; Recent trends in India money markets.

Unit-2
Capital Market: Security market – (a) New issue market. (b) Secondary market: Functions
and role of stock exchange: listing procedure and legal requirements: Public Issue – pricing
and marketing: Stock exchanges – National Stock Exchange and over-the-counter exchanges.

Unit-3
Securities Contract and Regulations Act: Main provisions. Investors Protections:
Grievances concerning stock exchange dealing and their removal: Grievances cells in stock
exchanges: SEBI: Company Law Board: Press: Remedy through courts.

Unit-4
Functionaries on Stock Exchanges: Brokers, Sub brokers, market makers, jobbers, and
NRIS.

Unit-5
Financial Services: Concept, functions, and types. Financial Services: Meaning and
Definition, Role of Financial Services in a financial system. Leasing: Meaning and features.
Introduction to equipment leasing: Types of Leases, Evolution of Indian Leasing Industry.
Legal Aspects of Leasing: present Legislative Framework. Hire purchase: concept and
characteristics of Hire purchase. Difference between hire purchase and leasing, SEBI
guidelines: Credit rating