KMBNFM02 Financial Planning and Tax Management UNIT-1 Financial Planning : Definition, Need of Financial Planning and Process of Financial Planning Role of Financial Planner Myths about Financial Planning, Factors that influences the personal financial planning Investor's Life Cycle, financial goals of investors Risk Appetite, Risk profiling Systematic Approach to investing : SIP, SWP, STP Financial plan; Global based financial plan Comprehensive Financial plan; Financial Blood test Report UNIT-2 Assets Allocation: Guidelines for Assets Allocation Classification of Assets Risk Returns characteristics of Assets Factors Involved in Assets Allocation Principles of Assets Allocation, Retirement Planning, Need for Retirement Planning Golden rules for Retirement Planning, Retirement Planning process Retirement planning Investment process, Estate Planning definition and need of Estate Planning UNUT-3 Definitions: Cannons of Taxation Persons Assesses, Income Previous Year, Assessments Year Residentials Status and Tax Incidence Individuals Income Exempted from Tax UNIT-4 Salaries, Income from Houses Property Profit and Gains from Business or professions Capital Gains, Income from other sources Clubbing of incomeCalculation of Taxable Income Tax Calculation including Surcharge and Managerial Relief Deduction, Relief, Rebate in Tax Set off & carry forward of losses principles , meaning Inter office and Inter head set forward UNIT-5 Tax Avoidance & Evasion Tax planning, Income Tax Authorities, Their Appointments, Jurisdiction, Powers and Function Provision related to collection and recovery of Tax Refund of Tax & Tax Offend Penalties and Prosecutions, Appeals and Revisions Tax Advance, TDS, Advances Rulings, Avoidance of Double Taxation Agreements
