Diploma in Financial Planing Module 1 : Introduction to Financial Planning Unit 1: Financial Planning Lessons 1: Overview of Financial Planning Lesson

Objective Introduction Financial Planning Process Need for a Financial Planner Role of a Financial Planner Need and Scope of Financial Planning Future of Financial Planning in India Lesson Summary Assessment Unit 2: Establishing Client Planner Relationship Lessons 1: Issues and Concepts Related to Financial Planning Process Lesson Objective Introduction Services Provided and Documentation Letters of Engagement and Disclosure Statements Issues and Concepts Lesson Summary Assessment Unit 3: Data Gathering and Goal Setting Lessons 1: Data Gathering Lesson Objective Introduction Types of Information Needed The Process of Gathering Data Lesson Summary Lessons 2: Goal Setting Lesson Objective Introduction Types of Financial Goals

Goals for Different Financial Needs Life Situation and Personal Values Factors Affecting Goals Lesson Summary Assessment Lessons 3: Financial Planning Questionnaire Lesson Objective Introduction Filling the Questionnaire Types of Questionnaire Seeking Further Information Lesson Summary Unit 4: Analysing Client Data Lessons 1: Analysis of Relevant Information Lesson Objective Introduction Personal Information Goals and Objectives Retirement Planning Future Planning and Discussion Priorities Risk Tolerance Questions Investment Goals and Financial Concerns Estate Planning Portfolio Constraints Associated Professionals Fee Declaration and Enclosures Lesson Summary Assessment Lessons 2: Other Important Issues Lesson Objective Need for Specialist Advice Issues that Require Further Clarification Lesson Summary Assessment Lessons 3: Developing and Presenting the Financial Plan Lesson Objective Introduction

Comprehensive Financial Plan Format Presenting the plan Revision of the Plan Lesson Summary Assessment Unit 5: Mastery Test ( Unit 1-4 ) Mastery Test Unit 6: Assessment of Risk and Client Behaviour Lessons 1: Client's Attitude, Knowledge and Behaviour Lesson Objective Attitude Questionnaire to Assess Client's Attitude Knowledge Questionnaire to Assess Client's Knowledge Behaviour Life Events Health Status of Client Client's Occupation and Hobbies Risk Tolerance Risk Tolerance Questionnaire Lesson Summary Assessment Unit 7: Implementing and Monitoring the Financial Plan Lessons 1: Implementation Lesson Objective Assistance to Client Implementation of Planning Decisions Action Plan Record Keeping and Confidentiality Lesson Summary Assessment Lessons 2: Monitoring the Financial Plan Lesson Objective Introduction Reasons for Review The Review Process

Updating Strategies Financial Planner's Responsibility Miscellaneous Lesson Summary Assessment Unit 8: Regulatory Framework Lessons 1: Requirements for CFP Certification Lesson Objective Introduction to FPSB-India FPSB India's Mission Frequently Asked Questions Lesson Summary Assessment Unit 9: Code of Ethics and Rules of Professional Conduct Lessons 1: Code of Ethics Lesson Objective Introduction Principles Rules Financial Planning Practice Standards Standards Lesson Summary Assessment Unit 10: Mastery Test ( Unit 6-9 ) Mastery Test Unit 11: Cash Flow and Budgeting Lessons 1: Cash Flow Lesson Objective Introduction Cash Flow Preparation Lesson Summary Assessment Lessons 2: Budgeting

Lesson Objective Budget Preparation The Budgeting Process Budget Proforma Relationship of Budget and Financial Planning Characteristics of Successful Budgeting Lesson Summary Assessment Unit 12: Personal Use Asset Management Lessons 1: Leveraging Personal Assets Lesson Objective Introduction Home Equity Mortgage Overdraft Credit Cards Refinancing Leasing Hire Purchase Consumer Loan Lesson Summary Assessment Unit 13: Personal Financial Statements Analysis Lessons 1: Financial Statement Analysis Lesson Objective Introduction Personal Financial Statement Ratios Lesson Summary Assessment Unit 14: Mastery Test ( Unit 11-13 ) Mastery Test Unit 15: Financial Mathematics Lessons 1: Time Value of Money Lesson Objective Introduction

Techniques of Compounding Techniques of Discounting Lesson Summary Assessment Unit 16: Mastery Test ( Unit 15 ) Mastery Test Unit 17: Economic Environment and Indicators Lessons 1: Economic Environment Lesson Objective Introduction Inflation and Deflation Interest Rates and Yield Curve Government Monetary and Fiscal Policy Business Cycle Economic Indicators Financial Institutions Lesson Summary Assessment Unit 18: Forms of Business Ownerships/Entity Relationships Lessons 1: Different types of Business Forms Lesson Objective Sole Proprietorship Partnerships Limited Liability Companies Co-operatives Trust Foundations Professional Association Lesson Summary Assessment Unit 19: Ways of Obtaining Title to Property Lessons 1: Title by Different Forms of Transfer Lesson Objective Introduction Sale

Mortgage Lease Exchange Gift Transfer of Actionable Claim Lesson Summary Assessment Unit 20: Legal Aspects of Financial Planning Lessons 1: Legal Aspects Lesson Objective Introduction Tort Fiduciary Responsibility Negotiable Instruments Professional Liability Agency Law Consumer Protection Investor Protection Annexure Lesson Summary Assessment Unit 21: Mastery Test ( Unit 17-20 ) Mastery Test Unit 22: Module 1 Main Mastery Mastery Test

Module 2 : Risk Management and Insurance Planning Unit 1: Basic Concepts in Risk Management and Insurance Lessons 1: Insurance Lesson Objective Introduction History of Insurance Purpose of Insurance Types of Insurance Planning Life Insurance Property and Business Insurance

Insurance Adaptability Global Insurance Industry Lesson Summary Assessment Lessons 2: Introduction to Risk Management Lesson Objective Meaning of Risk Categories of Risk Types of Risk Lesson Summary Assessment Lessons 3: Risk Management Process Lesson Objective Introduction Risk Management Objectives Risk Management Flow Chart Insurance as a Risk Management Tool Role of Planner in Risk Management Implementation of Risk Management Program Insurance Market Dynamics and Underwriting Cycle Insurance Benefits Uses of Insurance Advantages and Disadvantages of Insurance Gambling V/s Insurance Lesson Summary Assessment Lessons 4: Mastery Test Mastery Test Unit 2: Insurance Concepts Lessons 1: Legal Principles of Insurance Lesson Objective Basic Legal Principles Insurable Interest Indemnity Umberrima Fides Subrogation Contribution

Lesson Summary Assessment Lessons 2: Insurance Contract Lesson Objective Principles of Contract affecting Insurance Sources of Contract Law Meaning of Insured Endorsements/Riders Deductibles Coinsurance Other Insurance Provisions Lesson Summary Assessment Lessons 3: Legal Liability Lesson Objective Tort Types of Torts Negligence Indian Judicial System Lesson Summary Assessment Lessons 4: Mastery Test Mastery Test Unit 3: Insurance Policies and Strategies Lessons 1: Personal Property and Liability Insurance Lesson Objective Household Insurance Motor Vehicles Insurance Other Liability Insurance Personal Umbrella Policies Overseas and Travel Insurance Lesson Summary Assessment Lessons 2: Life Insurance Need Analysis Lesson Objective Introduction

Rule of Thumb Human Life Approach Needs Approach Other Methods Advantages and Disadvantages Lesson Summary Assessment Lessons 3: Life Insurance Policy Analysis Lesson Objective Introduction Types of Life Insurance Life Insurance Policy Provisions Riders Benefits of Life Insurance Income Tax Benefits Sample Insurance Policies Lesson Summary Assessment Lessons 4: Life Insurance Policy Selection Lesson Objective Introduction Determining Life Insurance Cost Cost Comparison Method Insurance as Investment Replacement and Holding Considerations Evaluating and Comparing Insurance Companies Key Factors for Choosing Life Insurance Completing Life Insurance Proposal Lesson Summary Assessment Lessons 5: Annuity Lesson Objective Introduction Annuity Contract V/s Life Insurance Contract Types of Annuities Taxation of Annuities Importance of Annuities Individual Retirement Accounts Lesson Summary

Assessment Lessons 6: Health Insurance Lesson Objective Introduction Indemnity V/s Managed Care Group Health Insurance Individual Insurance Long-term Care Insurance Personal Accident/Disability-income Insurance Critical Illness Limitations, Exclusions and Riders Third Party Administrators Lesson Summary Assessment Lessons 7: Insurance of Business Risk Lesson Objective Key Person Insurance Business Assets and Liability Insurance Lesson Summary Assessment Lessons 8: Mastery Test Mastery Test Unit 4: Environment of an Insurance Advisor Lessons 1: Government Regulation of Insurance Lesson Objective Introduction Insurance Regulatory and Development Authority Insurance Act 1938 Regulatory Supervision of Insurance Companies Status of Insurance Companies in India Agency Law Waiver and Estoppel IRDA Regulation on Insurance Agents Insurance Broker Insurance in India Insurance Distribution Channels Insurance Ancillary Services

General Insurance Market Conditions Lesson Summary Assessment Lessons 2: Insurance Pricing Lesson Objective Rate Making Rate Making Basic Definitions Life Insurance Rate Making Property and Liability Insurance Rate Making Tariff and Market Agreement Lesson Summary Assessment Lessons 3: Insurance Companies Miscellaneous Lesson Objective Types of Insurance Companies Rate Making Underwriting Production Claim Settlement Reinsurance Financial Reserves Insurance Company Selection Lesson Summary Assessment Lessons 4: Mastery Test Mastery Test Unit 5: Module 2 Main Mastery Mastery Test

Module 3 : Retirement Planning and Employee Benefits Unit 1: Introduction to Retirement Planning Lessons 1: Issues in Retirement Planning Lesson Objective Introduction Retirement Planning

Starting the Retirement Plan Issues related to Retirement Planning Process Relationship between Retirement Plan and Other Financial Goals Basic Concept of Retirement Planning Retirement Planning Issues Lesson Summary Assessment Lessons 2: Wealth Creation Lesson Objective Introduction Individual's Life Cycle Risk Tolerance Income and Wealth Wealth Erosion Lesson Summary Assessment Lessons 3: Mastery Test Mastery Test Unit 2: Retirement Benefits Lessons 1: Types of Plans Lesson Objective Introduction Defined Benefit Plans (DB) Defined Contribution Plans (DC) Hybrid Plans (DB + DC) Employer and Employee's Perspective of DB and DC Plans Difference between DB and DC Plans Administrative Expenses Trends and Reasons for Transition from DB to DC Plans Lesson Summary Assessment Lessons 2: Defined Benefit Plan Lesson Objective Introduction Features of Defined Benefit Plan Advantages and Disadvantages Defined Benefit Plans in India Leave Salary

Retrenchment Compensation Voluntary Retirement Scheme Reading Annexure Lesson Summary Assessment Lessons 3: Defined Contribution Plan Lesson Objective Introduction Classification of Defined Contribution Plan Specified Plan 1 - Employees Deposit Linked Insurance Plan (EDLI) Specified Plan 2 - Provident Fund Specified Plan 3 - Employees Pension Scheme 1995 Specified Plan 4 - Employees State Insurance Scheme Readings Lesson Summary Assessment Lessons 4: Superannuation and Other Retirement Plans Lesson Objective Introduction Superannuation Benefit Investment of Fund Money Tax Benefits on Approved Superannuation Funds Pension Plans from Insurance Companies and Mutual Funds Social Security in Unorganised Sector Social Insurance Schemes National Policy for Older Persons Welfare Funds Public Initiatives Lesson Summary Assessment Lessons 5: Group Life and Health Insurance Lesson Objective Introduction Group Insurance Group Insurance Underwriting Group Insurance Policy Provisions Group Insurance Premiums Group Policy Administration Group Term Life Insurance

Accidental Death and Dismemberment Group Permanent Plans Types of Group Insurance Plans Managed Care Plan Reading Lesson Summary Assessment Lessons 6: Mastery Test Mastery Test Unit 3: Retirement Planning and Strategies Lessons 1: Retirement Need Analysis Lesson Objective Introduction Retirement Objectives Impact of Life Expectancy Retirement Expenses Estimation Concept of Risk Annexure Lesson Summary Assessment Lessons 2: Retirement Income Streams Lesson Objective Introduction Retirement Income Sources Retirement Plans and Pension Streams Commutation of Pension Under Employees Pension Scheme Annuity Time Value of Money Savings and Investments Earnings from Job During Retirement Liquidated Assets Lesson Summary Assessment Lessons 3: Retirement Planning Strategies Post Retirement Counseling Lesson Objective Introduction Investment Risk

Time Horizon Risk Tolerance Right Asset Allocation for Retirement Plan Lesson Summary Assessment Lessons 4: Mastery Test Mastery Test Unit 4: Pension Sector Reforms Lessons 1: Need for Reforms Lesson Objective Introduction India: The Challenge of Old Age Income Security India Needs Pension Reforms Reading Lesson Summary Assessment Lessons 2: Reform Proposal Lesson Objective Project OASIS World Bank Recommendation Multi Pillar Reform Chilean Model Role of the States Lesson Summary Assessment Unit 5: Annexure Annexure 1: Case Studies on Retirement Planning Annexure 2: Recap of Some Retirement Concepts Annexure 3: Retirement Information Annexure 4: Additional Readings Annexure 5: Retirement Planning Tips Unit 6: Module 3 Main Mastery Mastery Test

Module 4 : Investment Planning Unit 1: Investment Planning Environment Lessons 1: Investment Planning Overview Lesson Objective Investment Characteristics of Investment Investment vs. Speculation Investment vs. Gambling Investment - a part of Financial Planning Lesson Summary Assessment Lessons 2: Securities and Investment Lesson Objective Introduction Meaning of Financial Securities Forms of Securities Financial Market Types of Investors Investment Process Lesson Summary Assessment Lessons 3: Security Market Lesson Objective Introduction Financial System and Institutions Financial Markets Market Participants Equity Market Debt Market Lesson Summary Assessment Lessons 4: Mastery Test Mastery Test Unit 2: Investment Vehicles Lessons 1: Small Saving Schemes

Lesson Objective Introduction Post Office Savings Accounts Post Office Time Deposit Accounts Post Office Recurring Deposit Accounts Kisan Vikas Patra National Savings Certificate (VIII Issue) Post Office Monthly Income Accounts Public Provident Fund Scheme Deposit Scheme for Retiring Employees Government of India Savings Bonds Senior Citizens Saving Scheme(SCSS) Comparison of Schemes Lesson Summary Assessment Lessons 2: Fixed Income Market/Debt Market Lesson Objective Introduction Debt Market in India Debt Market Structure Fixed Income Securities Regulators Classification of Fixed Income Instruments Retail and Wholesale Debt Market Advantages of Fixed Income Investment Long-term Debt Instruments Government Securities Corporate Debenture Fixed Income Products Money Market Bonds Valuation Bond Investment Strategies Lesson Summary Assessment Lessons 3: Equity Lesson Objective Introduction Stock Market Indices Stock Market Segments Types of Shares Investment in Equities

Secondary Market Stock Valuation Models for Valuation of Shares Dividend Valuation Model Stock Valuation Equations Lesson Summary Assessment Lessons 4: Mutual Funds Lesson Objective Introduction History of Mutual Funds in India Mutual Fund Setup Classification of Mutual Funds Mutual Fund Options Net Asset Value Regulations Governing Mutual Funds Funds Comparison Parameters Offer Document Mutual Fund Benefits Lesson Summary Assessment Lessons 5: Derivatives Lesson Objective Introduction Futures Contract Selling Short Margin Option Types of Options Premium Factors influencing Options Premium Valuing Options Basic Terminology Lesson Summary Assessment Lessons 6: Insurance as Investment Lesson Objective Introduction Insurance as an Investment Vehicle Advantages of Life Insurance

Types of Insurance Policies Existing Insurance Policies Lesson Summary Assessment Lessons 7: Real Estate Lesson Objective Introduction Basic Definitions Characteristics of Real Estate Markets Factors Affecting Real Estate Demand Real Estate Cycle Buying and Selling of Real Estate Real Estate Valuation Investment Analysis Capital Gains Tax Advantages and Disadvantages of Real Estate Risk Diversification Real Estate Fund Modes of Real Estate Investment Lesson Summary Assessment Lessons 8: Tangible Investments Lesson Objective Introduction Investing in Tangibles Gold and Other Precious Metals Gemstones Collectibles Lesson Summary Assessment Lessons 9: Mastery Test Mastery Test Unit 3: Risk and Return Lessons 1: Risk Lesson Objective Introduction Types of Investment Risks

Lesson Summary Assessment Lessons 2: Measurement of Risk Lesson Objective Basics of Risk Measurement Volatility Standard Deviation Risk Calculation Beta Lesson Summary Assessment Lessons 3: Return Lesson Objective Introduction Meaning of Return Risk Capital Asset Pricing Model Risk Decomposition Security Market Line Illustrative Problems Lesson Summary Assessment Lessons 4: Mastery Test Mastery Test Unit 4: Investment Portfolio Lessons 1: Portfolio Lesson Objective Introduction Types of Portfolios Significance of Portfolios Portfolio Risk and Return Portfolio Expected Return Portfolio Variance and Standard Deviation Diversification Commonsense Diversification Lesson Summary

Assessment Lessons 2: Evaluation of Portfolio Performance Lesson Objective Introduction Risk Adjusted Measures Lesson Summary Assessment Lessons 3: Mastery Test Mastery Test Unit 5: Investment Strategies and Asset Allocation Lessons 1: Introduction to Investment Strategy Lesson Objective Basic Features Investment Strategy Active vs. Passive Strategies Lesson Summary Assessment Lessons 2: Asset Allocation Lesson Objective Introduction Diversification Asset Allocation Strategies Fixed and Flexible Allocation Portfolio Monitoring Rebalancing Portfolio Lesson Summary Assessment Lessons 3: Case Studies Lesson Objective Common Queries on Asset Allocation Portfolio Rebalancing Lesson Summary Lessons 4: Mastery Test

Mastery Test Unit 6: Module 4 Main Mastery Mastery Test

Module 5 : Tax and Estate Planning Unit 1: Personal Taxation Concepts Lessons 1: Basic Concepts Lesson Objective Definitions Lesson Summary Assessment Lessons 2: Residential Status of Individuals Lesson Objective Residential Status and Tax Incidence Determination of Residential Status Basis of Charge Illustrative Problems Lesson Summary Assessment Lessons 3: Incomes Exempt from Tax Lesson Objective Introduction Incomes Exempt Under Section 10 Special Provisions in Free Trade Zone [Sec 10A] Tax Holiday in Special Economic Zone [New Sec 10AA] Special Provisions in Export Oriented Undertakings [Sec 10B] Special Provisions in Export of Artistic Wooden Articles [Sec 10BA] Lesson Summary Assessment Lessons 4: Mastery Test Mastery Test Unit 2: Heads of Income

Lessons 1: Income from Salary Lesson Objective Definition [Sec 17(1)] Employer-Employee Relationship Basis of Charge [Sec 17(1)] Profits in Lieu of Salary [Sec 17(3)] Proforma of Computing Income from Salary Salary Payments Allowances Perquisites [Sec 17(2)] Comprehensive Illustrations Lesson Summary Assessment Lessons 2: Income from House Property Lesson Objective Basis of Charge [Sec 22] Deemed Owner [Sec 27] Computation of Income from House Property Types of House Property Computation of Gross Annual Value Computation of Net Annual Value Deductions [Sec 24] Other Points Lesson Summary Assessment Lessons 3: Profits and Gains of Business/Profession Lesson Objective Basis of Charge [Sec 28] Specific Deductions Compulsory Maintenance of Accounts [Sec 44AA] Prescribed Accounts Books [Rule 6F] Compulsory Audit of Accounts/Tax Audit [Sec 44AB] Comprehensive Illustration Assessment of Firms Lesson Summary Assessment Lessons 4: Capital Gains Lesson Objective Introduction

Capital Asset [Sec 2(14)] Short-Term and Long-Term Capital Assets Determination of Period of Holding of Assets Transfer [Sec 2(47)] Transactions Not Regarded as Transfers [Sec 47] Mode of Computation Cost of Acquisition Cost of Improvement Indexed Cost Cost in case of Certain Modes of Acquisition [Sec 49] Computation of Capital Gains in Depreciable Assets [Sec 50(1),(2)] Forfeiture [Sec 51] Capital Gains on Conversion of Capital Asset into Stock-in-Trade Capital Gains in case of Insurance Claim Received Capital Gains in case of Compulsory Acquisition Capital Gains in case of Buy Back of Shares or Securities [Sec 46A] Withdrawal of Exemption Employee Stock Option Plan Capital Gains on Conversion of Debentures into Shares Capital Gains in Case of Bonus Shares, Right Shares and Right Entitlement Capital Gains in Case of Liquidation of a Company Capital Gains on Transfer of Firm's Assets to Partners Cost of Acquisition in Case of Shares in Resulting Company Capital Gains in Case of Slump Sale [Sec 50B] Capital Gains in Case of Real Estate Transactions [Sec 50C] Tax on Capital Gains [Proviso to Sec 112(1)] Transactions of Shares in Demat Taxation of Zero Coupon Bonds Capital Gains in case of NRIs Capital Gains Account Scheme Capital Gains Exempt from Tax Reference to the Valuation Officer [Sec 55A] Short-Term Capital Gains Tax [New Sec 111A] Long-Term Capital Gains Tax [Sec 112] Exemption of Long-Term Capital Gains [Sec 10(38)] Lesson Summary Assessment Lessons 5: Income from Other Sources Lesson Objective Introduction Deductions Allowed [Sec 57] Deductions Not Allowed [Sec 58] Gifts Dividend

Income from Mutual Funds/UTI Casual Income Interest on Securities Tax Avoidance Interest Incomes Exempt from Tax Lesson Summary Assessment Lessons 6: Mastery Test Mastery Test Unit 3: Tax Calculations and Special Rules Lessons 1: Clubbing of Income Lesson Objective Introduction Transfer of Income Without Transfer of Asset [Sec 60] Revocable Transfer of Assets [Sec 61] Income of Spouse [Sec 64(1)(ii)] Income of Spouse from Transferred Asset [Sec 64(1)(iv)] Income Arising to Son's Wife [Sec 64(1)(vi)] Transfer of Assets [Sec 64(1)(vii),(viii)] Clubbing of Minor's Income [Sec 64(1A)] Cross Transfers Conversion of Self-Acquired Property [Sec 64(2)] Lesson Summary Assessment Lessons 2: Set Off and Carry Forward of Losses Lesson Objective Introduction Set-off of Losses Against Income Under Same Head [Sec 70] Set-off of Loss Under One Head Against Income from Another [Sec 71] Set-off and Carry Forward of Loss from House Property [Sec 71B] Carry Forward and Set-off of Business Losses [Sec 72, 80] Loss Under Capital Gains [Sec 74] Loss Under Income from Other Sources [Sec 74A(3)] Order of Set-off and Carry Forward Lesson Summary Assessment Lessons 3: Deductions Under Chapter VI-A

Lesson Objective Introduction Brief Explanation of Deductions Lesson Summary Assessment Lessons 4: Agricultural Income Lesson Objective Introduction Tax Calculation Partially Agricultural and Partially Business Income [Rules 7, 7A, 7B, 8] Instances of Non-Agricultural Income Instances of Agricultural Income Lesson Summary Assessment Lessons 5: Tax Rates Lesson Objective Tax Rates Applicable for AY 2007-08 Lesson Summary Assessment Lessons 6: Assessment Procedure Lesson Objective Compulsory Filing of Return of Income [Sec 139(1)] Defective Return [Sec 139(9)] Permanent Account Number [Sec 139A] Classes of Persons Beyond Sec 139A [Rule 114C] Authorised Signatory [Sec 140] Self Assessment [Sec 140A] Enquiry of Assessment [Sec 142] Assessment [Sec 143] Best Judgement Assessment [Sec 144] Protective Assessment Power of Joint Commissioner [Sec 144A] Method and Standards of Computing Income [Sec 145] Income Escaping Assessment [Sec 147] Time Limit [Sec 153] Rectification of Mistakes [Sec 154] Other Amendments [Sec 155] Lesson Summary Assessment

Lessons 7: Appeals and Revisions Lesson Objective Introduction Appealable Orders Before Commissioner [Sec 246A] Appeal by Person Denying Liability to Deduct Income Tax [Sec 248] Form of Appeal and Limitation [Sec 249] Power of Commissioner (Appeals) [Sec 251] Appeals to the Appellate Tribunal [Sec 252 to 255] Orders Appealable to the Appellate Tribunal [Sec 253] Form of Appeal and Limitation Appeal to High Court [Sec 260A] Appeal to Supreme Court [Sec 261] Revision by the Commissioner [Sec 263, 264] Lesson Summary Assessment Lessons 8: Mastery Test Mastery Test Unit 4: Tax Planning Strategies Lessons 1: Advance Tax Lesson Objective Introduction Liability for Payment of Advance Tax Computation and Payment of Self Assessed Advance Tax Payment of Advance Tax Tax Computation by Assessing Officer Instalments of Advance Tax [Sec 211] Advance Tax Payment in Capital Gains and Casual Income Credit For Advance Tax Consequence of Non-payment of Tax Tax on Book Profit [Sec 115JB] Lesson Summary Assessment Lessons 2: Refund Lesson Objective Claiming Refund Refund of FBT Refund Form and Period Refund on Appeal

Lesson Summary Assessment Lessons 3: Tax Planning in Respect of Employee Remuneration Lesson Objective Introduction Tax Planning from Employer's Point of View Tax Planning from Employee's Point of View Lesson Summary Assessment Lessons 4: FBT Lesson Objective Introduction Definition Lesson Summary Assessment Lessons 5: Tax Planning, Tax Evasion, Tax Management Lesson Objective Introduction Methods Commonly Used by Tax Payers Distinction between Tax Planning, Tax Avoidance and Tax Evasion Tax Management Objectives of Tax Planning Types of Tax Planning Factors Influencing Tax Planning Areas of Tax Planning Location of Business Nature of Business Form of Ownership Lesson Summary Assessment Lessons 6: Mastery Test Mastery Test Unit 5: Miscellaneous Taxation Concepts Lessons 1: Co-operative Societies Lesson Objective

Introduction Deduction [Sec 80P] Income Exempt from Tax Rates of Tax Lesson Summary Assessment Lessons 2: Taxation of Non-Residents Lesson Objective Introduction Types of Non-Residents in India Exemptions and Concessions Definitions [Sec 115C] Computation of Investment Income [Sec 115D] Tax on Investment Income and LTCG [Sec 115E] Capital Gains on Transfer of Forex Assets [Sec 115G] Return of Income in Certain Cases [Sec 115G] Benefits Available [Sec 115H] Tax on Dividends, Royalty and Technical Service Fees [Sec 115A] Tax on Units Purchased in Foreign Currency [Sec 115AB] Tax on Income of Foreign Institutional Investors from Securities [Sec 115AD] Tax on Income from Bonds or GDRs Purchased in Foreign Currency [Sec 115AC] Certain Incomes of Non Residents Taxable in India Income not Taxable in the hands of Non-Resident Profits of Non-Residents from Occasional Shipping Business [Sec 172] Special Provision for Computing Profits in Operation of Aircraft [Sec 44BBA] Deduction of Head Office Expenses [Sec 44C] Determination of Income in Certain Cases Mode of Assessment Lesson Summary Assessment Lessons 3: Trust and Political Parties Lesson Objective Introduction Important Terms Public and Private Trusts Tax Exemption [Sec 11-13] Exempted Income [Sec 11] Conditions for Claiming Exemption Conditional Accumulation Trust Property Consisting Business Undertaking Charitable Trust Engaged in Business Activity Transfer of Capital Asset

Voluntary Contributions [Sec 12] Registration of Trust [Sec 12A ] Denial of Exemption [Sec 13] Prohibited Use or Application Prohibited Category of Persons Denial of Exemption in Non-Investment in Approved Channels Tax Exemption to Political Parties Lesson Summary Assessment Lessons 4: Mastery Test Mastery Test Unit 6: Module 5 Main Mastery Mastery Test

Module 6 : Advanced Financial Planning Unit 1: Personal Financial Planning Lessons 1: The Concept of Financial Planning Lesson Objective Meaning of Financial Planning Benefits and Obstacles in Financial Planning Process of Financial Planning Financial Planner Importance of Financial Planning Future of Financial Planning Lesson Summary Lessons 2: Establishing Client Planner Relationship Lesson Objective Introduction Understanding with the Client Needs Engagement and Disclosure Statements Lesson Summary Lessons 3: Data Gathering and Goal Setting Lesson Objective Introduction Data Collection

Goals and Objectives Format of Questionnaires Needs and Limits of Client Seeking Further Information Lesson Summary Lessons 4: Analysing Client Data Lesson Objective Introduction Need for Special Advice Further Clarification of Client Lesson Summary Lessons 5: Cash Flow and Budgeting Lesson Objective Introduction Importance of Cash Flow Budgeting Relationship of Financial Planning and Budget Emergency Funds Planning Monitoring, Evaluation and Compliance of Budgets Benefits of Liquidity Debt Management Forecasting Lesson Summary Lessons 6: Assessment of Risk and Client Behaviour Lesson Objective Introduction Client's Attitude Client's Knowledge and Awareness Client's Behaviour Health Status of Client Client's Occupation and Hobbies Risk Tolerance Lesson Summary Lessons 7: Personal Financial Statements and Ratios Lesson Objective Introduction Financial Statement Analysis Financial Statement Ratios

Lesson Summary Lessons 8: Developing and Presenting the Financial Plan Lesson Objective Introduction Creating the Plan Presenting the Plan Revising the Plan Lesson Summary Lessons 9: Implementing and Monitoring the Financial Plan Lesson Objective Implementation of Plan Process of Implementation Reason for Review Process of Review Updating Financial Strategies Responsibilities of Financial Planner Conclusion Lesson Summary Unit 2: Financial Planning Guide Lessons 1: Purpose of the Guide Lesson Objective Annexure 2009 GOLS. All right reserved