Advanced Tax Law

Unit 1 — Custom Laws:

1.1 Taxable event · 1.2 Types of Duties under Customs · 1.3 Tariff Classification · 1.4 Computation of the Basic Customs Duty, Surcharge, Additional Duty of customs, Special Addition Duty under the Customs Tariff Act, 1975 · 1.5 Customs Valuation (Determination of Price of Imported Goods) Rules, 2007

Unit 2 — Basic Concepts of International Taxation:

2.1 An Overview from Indian Perspective · 2.2 Tax Haven · 2.3 Action taken to avoid Harmful Tax Practices · 2.4 Controlled Foreign Corporation · 2.5 Double Taxation Relief · 2.6 Taxation of Income from Air and Shipping Transport Under DTAA · 2.7 Taxation Aspect of acquisitions

Unit 3 — Advance Ruling and Tax Planning:

3.1 Concept of Advance Ruling · 3.2 Authority for Advance Ruling & Powers of the Authority · 3.3 Applicability of Advance Ruling.

• Advance Rulings, faceless assessment/e-assessment

Unit 4 — Taxation of Inbound Transaction:

4.1 Meaning of Inbound and Outbound Transaction · 4.2 Taxation of passing Investments · 4.3 Inbound Investment Strategis · 4.4 Foreign Direct Investment · 4.5 Property and Capital Gain Tax

Unit 5 — Taxation of Outbound Transactions:

5.1 Foreign Tax Credit · 5.2 Tax Exemptions with respect to foreign income · 5.3 Outward Investment Strategies · 5.4 Surcharges on Income Tax (In the Case of Companies) · 5.5 Passive Foreign Investment Company (PFIC)