SUMMER INTERNSHIP PROGRAM

At GABS & ASSOCIATES

Submitted by;
Nayan Pradhan
(20MC205022)
Under the supervision and guidance of

Dr. Wangchuck Chungyalpa

Assistant Professor, Department of Management

Submitted for the partial fulfillment of the requirement for awarding the Degree of

MASTER OF BUSINESS ADMINISTRATION (MBA)

Submitted to the
Department of Management
School of Management and Commerce
SRM University, Sikkim,
5th Mile, Tadong, Gangtok
Sikkim-737102
 ACKNOWLEDGEMENT

I express my sincere thanks to my project guide, Dr. Wangchuck Chungyalpa, for guiding me
right from the inception till the successful completion of the project. I sincerely acknowledge
him for extending her valuable guidance, support for entire project report and above all the
moral support he had provided to me with all the stages of this project.

I would like to express big thanks to GABS & ASSOCIATES team for all time support and
time to time guidance. Their experience, knowledge and support lead me to complete my
project timely and successfully.

My thanks are due to all those who have directly or indirectly helped me in preparing this
internship report. My thanks and appreciation also goes to the people who have willingly
helped me out with their abilities in developing the report.
 DECLARATION

I, Nayan Pradhan, MBA (finance) student of SRM University Sikkim do hereby declare

that the internship report entitled, “SUMMER INTERNSHIP PROGRAM AT GABS &

ASSOCIATES” is submitted to the Department of Management, SRM University Sikkim in

partial fulfillment of the requirements for the award of the degree of Master of Business

Administration. This report is an original work compiled and carried out by me under the

supervision and guidance of Dr. Wangchuck Chungyalpa, Department of Management,

SRM University Sikkim. This work has not formed the basis for the award of any

degree/associates/fellowship or other similar title to any candidate of any University.

Date: Signature of the candidate

Place: Name:
 Table of Contents

Content Page no.

1.0 Introduction

1.1 What is an Internship? 1

1.2 Objectives of the Internship program 1

2.0 Internship Report Content

2.1 Learning objectives 2

2.2 Job description 2

2.3 Company Profile 3-4

2.4 Application of theories, concepts, and skills 5-12

2.5 On the job learning's 13-14

2.6 Assign task and achievement 15

2.7 Self-evaluation 16-17

2.8 SWOT analysis 18

3.0 Conclusion 19

4.0 Reference (DALR) 20

5.0 Appendix 21
1.0 INTRODUCTION
1.1 What is an internship?
An internships provide an opportunity for students to apply what they have learned in
institutions to practical work experiences related to their academic or career goals, in other
words it is an opportunity offered by an employer to interns, to work at a firm for a fixed
period of time. Interns are usually undergraduates or students, and most internships last
between a month and three months. It is usually part time if offered during a university
semester and full time if offered during the vacation periods. An internship would give you
practical skills, workplace experience and greater knowledge of that industry, in exchange for
employer benefiting from your labor. An internship can be either paid or voluntary. The trend
is increasingly (and rightly) towards the former, as voluntary internships are often cited as
exploitative. As you would expect, internships that pay well are usually the most competitive.

1.2 OBJECTIVE OF INTERNSHIP PROGRAMME

I choose to work with GABS & ASSOCIATES for my summer internship program. During
this internship I have learnt many new skills and got an opportunity to explore corporate
world. Before i only had theoretical knowledge about work in organization but now I have
gained more of practical working experience. Now I have knowledge about the
organization’s working environment and how organization’s work and achieve their goals
and objectives. This internship has also provided me with the better understanding of
business and also about the elements of strategic thinking, planning and implementation, and
how these things are applied in a real world organization environment.
Following are the objectives that I have in my mind before working as an internee.
 To improve communication skills
 To learn more than the theoretical knowledge.
 To learn book keeping practices of different companies
 To compare practical aspects with theoretical aspects
 To enhance my personal knowledge and professional preparation for future.
 Develop a solid work ethics and professional manner as well as commitment to ethical
conduct and social responsibility.
 Develop organizational skills to complete the project in a timely manner.

Page | 1
2.0 INTERNSHIP REPORT CONTENT
2.1 LEARNING OBJECTIVES
 To understand the process of different functions in the organization
 To gain more knowledge regarding taxation and accounting
 To gain field experience working with CA.
 To be aware revised IT laws and tax slabs

2.2 JOB DESCRIPTION

I have tried my best to enhance my abilities and apply the knowledge that I gained during the
studies. On my first day at firm, company in charge gave me briefing about TDS returns and
computerized accounting in tally software and also shared his practical experience with me
and gave me some techniques of this process. He also guided me that how to prepare
VAT/GST return and filling data in income tax return preparation software.

Different task that I performed during my internship

 Vouching
 Preparing books of accounts in tally
 Voucher entry
 Preparing Data in Excel Sheet
 Theoretical learning of different types of Taxation and GST
 TDS return preparation

Software used during internship

 MS office
 Tally software

Page | 2
2.3 COMPANY PROFILE

GABS & ASSOCIATES is a chartered accountancy firm rendering comprehensive

professional services like audit, accounting services, management consultancy, tax
consultancy and more. It is a firm consisting of chartered accountant and other financial
experts. The firms aim in providing sound financial services to their clients and assisting
them in their business operations and growth

Services offered
 Company registration- is the primary process by which business owners establish or
incorporate their company. The process enables us to set a mark of reputation among
its customers and the stakeholders.
 GST registration- Registration of any business entity under the GST Law implies
obtaining a unique number from the concerned tax authorities for the purpose of
collecting tax on behalf of the government and to avail Input tax credit for the taxes
on his inward supplies.
 Project financing- helping the potential business to prepare project reports for loan
financing, to ensure that they get best eligible amount in shortest time.
 GST returns- GST return is a document that will contain all the details of company
sales, purchases, along with taxes. Once we file GST returns, we need to pay the
resulting tax liability.
 TDS returns- Income tax requires TDS deduction file the TDS returns on periodic
basis by mentioning TAN no.

Page | 3
 Income tax (salaried and business) - CA helps the employees for better tax planning
and reduce the TDS. It is a requirement for business and companies for filing income
tax returns. So CA helps in reducing non-compliance of income tax laws.
 Tally accounting- tally is most used accounting software, and with the help of that
CA handles the accounting of different businesses.
 Audit- 'An audit is independent examination of financial information of any entity,
whether profit oriented or not, and irrespective of its size or legal form, when such
examination is conducted with a view to expressing an opinion thereon’

Page | 4
2.4 APPLICATION OF THEORIES, CONCEPTS AND SKILLS

Concept/ Theory: Golden rule of Accountings

Description: vouching
According to Spicer and Pegler, “vouching is the examination by the auditor of all
documentary evidences, which are available to support the authenticity of the transaction,
entered in the clients records”. In other words it is the only way of detecting all sorts of errors
and planned frauds. Thus, it is the backbone of auditing. We along with staff went to Sikkim
State legal Service Authority. Wherein I was instructed to see all the different vouchers &
receipts and tally them with the cash book of the year.
How the theory/ concept was applied
In each and every transaction in the cash book follow the golden rule of accounting.
Real account- debit what comes into business and credit what goes out
Personal account- debit the receiver and credit the giver
Nominal account- debit all expenses and losses, credit all incomes and gains.
Example: suppose a rent a property worth 25000. Rent is an expense and hence belongs to
nominal account. Cash is part of real account. As per the golden rule of nominal account and
real account; debit all expenses and credit what goes out. So the entries would be
Rent account Dr. 25000
To cash account Cr. 25000
Learning’s/ Insights
While going through every voucher and receipt and tallying them with the cash book, I found
that each and every transaction are in accordance to the golden rules.

Page | 5
Concepts/ Theory: TDS (Tax deducted at source)
Description; TDS returns and filings
Usually, the person receiving income is liable to pay income tax. But with the help of TDS
the government makes sure that income tax is deducted in advance from the payments being
made to the person. The recipient receives the net amount (after reducing TDS). The recipient
will add the gross amount to his income and the amount of TDS is adjusted against his final
tax liability.
.
TDS RETURNS
TDS return is to be submitted quarterly and various details need to be furnished like TAN,
amount of TDS deducted type of payment, PAN of deductee, etc. Also, different forms are
prescribed for filing returns depending upon the purpose of the deduction of TDS

Form No Transaction reported in the Due date

return
Form 24Q TDS on salary Q1-31st July Q2-31st October Q3-31st
January Q4-31st May
Form 27Q TDS on all payments made to Q1-31st July Q2-31st October Q3-31st
non-residents except salaries January Q4 -31st May
Form 26QB TDS on sale of property 30 days from the end of the month in
which TDS is deducted
Form 26QC TDS on rent 30 days from the end of the month in
which TDS is deducted
TDS Certificate
TDS certificate have to be issued by a person deducting TDS to the assesse from whom
income TDS was deducted while making payment.
How the theory/ concept was applied
The concept was applied by while filing TDS returns with its required forms and details

Learning’s/ Insights
The Tax Deducted at Source must be deposited to the government by the 7th of the
subsequent month and has to be deposited using Challan ITNS-281.

Page | 6
Concept/ Theory Income tax slabs
Description: Income tax levies on individual taxpayers on the basis of a slab system
Slab system means different tax rates are prescribed for different range of income i.e. tax rates
keeps increasing with an increase with the income of tax payer.
INCOME TAX SLAB RATES for FY 2021-22
Income tax slab rate FY 2021-22 (AY 2022-23) – Applicable for New Tax regime

New Regime Income Tax Slab Rates FY 2021-22

Income Tax Slab
(Applicable for All Individuals & HUF)
Rs 0.0 – Rs 2.5 lakh NIL
Rs 2.5 lakh – Rs 3.00 lakh
5% (tax rebate u/s 87a is available)
Rs 3.00 lakh – Rs 5.00 lakh
Rs 5.00 lakh- Rs 7.5 lakh 10%
Rs 7.5 lakh – Rs 10.00 lakh 15%
Rs 10.00 lakhs – Rs 12.50 lakh 20%
Rs 12.5 lakhs – Rs 15.00 lakh 25%
 > Individuals
Rs 15 lakh with Net taxable income </= Rs 5 lakh will be eligible
30% for tax rebate u/s 87A (i.e.
tax liability will be nil )
 Basic exemption limit for NRI’s is of Rs 2.5 Lakh irrespective of age.

INCOME TAX SLAB RATE FOR OLD TAX RE-GRIME- FY 2020-21

Income tax slabs for individual aged below 60 years & HUF

Individuals Below The Age Of 60 Years

Income Tax Slab – Income Tax Slabs

Up to Rs 2.5 lakh NIL

Rs. 2.5 lakh -Rs. 5 lakh 5%
Rs 5.00 lakh – Rs 10 lakh 20%
> Rs 10.00 lakh 30%

Page | 7
Income tax slab for individual aged above 60 years to 80 years
Tax Slabs for Senior Citizens (Aged
Income Tax Slab 60 Years But Less Than 80 Years)
Rs 0 – Rs. 3.00 lakh NIL
Rs 3.00 lakh – Rs 5.00 lakh 5%
Rs 5.00 lakh – Rs 10 lakh 20%
> Rs 10 lakh 30%

Income tax slab for individual aged more than 80 years

Income Tax Slab for Super Senior
Income Tax Slab Citizens (Aged 80 Years And
Above)
Rs 0.00 – Rs 5.00 lakh* No tax
Rs 5.00 lakh – Rs 10 lakh 20%
> Rs 10 lakh 30%

Income tax slab rates for FY 2021-2022- new tax regime and old tax regime
New Regime
Slab Rates for
Existing Regime Slab Rates for FY 20-21 (AY 21-22)
FY 20-21 (AY
21-22)
Income Tax Slab
Resident Resident
Applicable for
Resident Individuals & HUF Individuals & Individuals
All Individuals
< 60 years of age & NRIs HUF > 60 to < & HUF >
& HUF
80 years 80 years

Rs 0.0 – Rs 2.5 lakh NIL NIL NIL NIL

Rs 2.5 – Rs 3.00 lakh NIL NIL

5% (tax rebate
5% (tax rebate u/s 87a is
u/s 87a is
available) 5% (tax rebate available)
Rs 3.00- Rs 5.00 lakh u/s 87a is NIL
available)

Rs 5.00 – Rs 7.5 lakh 20% 20% 20% 10%

Rs 7.5 – Rs 10.00 lakh 20% 20% 20% 15%

Rs 10.00 – Rs 12.50
30% 30% 30% 20%
lakh

Page | 8
 Rs 12.5 – Rs 15.00
30% 30% 30% 25%
lakh

> Rs 15 lakh 30% 30% 30% 30%

How the theory/ concept was applied

The concept was applied while calculating the tax liability of an individual, HUF or company.
These types of taxation enable progressive and fair tax systems in the country. With new regime
provide an options for individuals and HUF to pay taxes at lower rates without claiming
deductions under various sections
Learning’s/ Insights
In this new regime, taxpayers has an OPTION to choose either :
 To pay income tax at lower rates as per New Tax regime on the condition that they forgo
certain permissible exemptions and deductions available under income tax, Or
 To continue to pay taxes under the existing tax rates. The assessee can avail rebates and
exemptions by staying in the old regime and paying tax at the existing higher rate.

Concept/ Theory Health and education cess, Surcharge

Description; surcharge is calculated on the total tax amount and cess is calculated on total tax and
surcharge amount.
Health and Education cess
Cess was imposed on taxpayer for the purpose of fulfilling the commitment of the Government to
provide and finance quality health services and universalized quality basic education and
secondary and higher education. The cess at the rate of 4% will be added to the income tax
liability in all case

Surcharge- additional charge is essentially a tax levied on a tax.

A. 10% of Income tax if total income > Rs.50 lakh
B. 15% of Income tax if total income > Rs.1 crore
C. 25% of Income tax if total income > Rs.2 crore
D. 37% of Income tax if total income > Rs.5 crore
How the theory/ concept was applied
Surcharge is a tax on tax. It is levied on the tax payable, and not on the income generated. For

Page | 9
example, if you have an income of Rs 1000 on which the tax is Rs 300, the surcharge would be
10% of Rs 300 or Rs 30. In a case where surcharge is levied, health and education cess of 4% will
be levied on the amount of income-tax plus surcharge
Learning’s/ Insights
With the help of health and education cess Government is able to provide and finance quality
health services and universalized quality basic education and secondary and higher education.
Both cess and surcharge are collected and taken into the Consolidated Fund of India

Concept/ Theory Allowances, perquisites and deductions from salaries

Description: Schemes in which some expenses are considered for tax deductions while calculating
the tax liability of an individual.
Allowances
Allowances are fixed quality of money or other substance given regularly in addition to salary for
the purpose of meeting some particular requirement connected with rendered by employee.
 Amount of exemption is lower of amount of allowance or actual amount spend

House rent allowance under section 10(13A)

 Exemption in respect of house rent allowance is least of the following three;
 Actual house rent allowance received
 Excess of rent paid over 10% of salary
 Amount equal to 50% of salary, where house is situated in metros and 40% of salary where
residential house situated at any other place.

Transport allowance
 Transport allowance is granted to meet his expenditure for the purpose of commuting
between the place of his residence and place of duty
 Exemptions
1) Up to 800 per month
2) 1600 per month in the case of blind or specially challenged

Children education allowance

 The allowance is given for children’s education

Page | 10
Page | 11
  100 per month per child up to a maximum of 2 children

Hostel expenditure allowance

 The allowance is granted to an employee to meet the hostel expenditure on his or her child
 300 per month per child up to a maximum of 2 children

Medical allowance
 Fixed medical allowance is chargeable to tax
 Reimbursement of medical expense- exemption up to Rs. 15000 per year.

Employer’s contribution to approved superannuation

 Employer’s contribution towards approved superannuation fund- chargeable to tax above
Rs 100,000 per assessment year.

Employer contribution to provident fund

 Employee contribution to statutory provident fund is fully exempt
 Employer’s contribution to recognized provident fund – excess of 12% of salary is taxable.

Interest credited to provident fund

 Statutory provident fund is not taxable
 Recognized provident fund – excess of 9.5% is taxable
 Public provident fund is exempt from tax

PERQUISITES 17(2)
 A gain or profit incidentally made from employment in addition to regular salary or wages,
especially one of a kind expected or promised.
 Any additional benefits attached to a position in addition to salary or wages.
 Eg; rent free accommodation

DEDUCTIONS FROM SALARIES (SEC 16)

Entertainment allowance 16(ii)
 A deduction of entertainment allowance specifically granted by an employer to the assesse
who is in receipt of a salary from the Government

Page | 12
A sum equals to one fifth of his salary or 5000 whichever is less.
Entertainment allowance deductions
 Least of the following amount is to be deducted from salary income
 Actual amount of entertainment allowance received
 1/5th of his basic salary
 5000
How the theory/ concept was applied
The concept was applied while calculating the net tax liability of an individual.
Learning’s/ Insights
The Income Tax Act, 1961 mandates income tax exemptions/ allowances so that people can
save more. Some well-known examples of income tax exemptions are children's education
allowance, house rent allowance (HRA), leave travel allowance (LTA), and also the exemptions
available
under Section 24, etc.

Page | 13
2.5 ON THE JOB LEARNINGS
Networking
During my internship, the organization working environment was very favorable where
communicating and asking for clarification was easy. Most of employees where nepali so
communicating with them was easy and made learning process a fun. Few times, I even got
chance to go for auditing which gave chance to know more about the corporate circle
What was learned?
I learned how to communicate and build relationships with the people I worked with. I
learned how to introduce myself, talk about my interests, knowledge and skills with
entrepreneurs and business owners, as well as how to ask questions and gain a better
understanding of businesses not only in the co-working space, but also others in the market.
This process overall helped me develop my professional network and emphasized the
importance of creating these connections.

Tally entries
Tally is an ERP accounting software package used for recording day to day business data. It
helps in maintaining financial records of the company that includes all receipts and payments
along with taxes and deductions. At first, we were briefed regarding how to use tally and
enter the data on it for few days. Later they provided us with raw data and punch data in tally.
What was learned?
Since tally is one of important software in business world. And getting the opportunity to
learn regarding that would help me boost my career in future.

Data entries in excel sheet

I punched data’s of customers like their bank transactions, sales, purchases and so on in excel
sheet
What was learned?

Through this, I learned regarding segmentation of data’s into different heads. It also helped
me knowing many technical aspects of MS excel and also improved typing speed with more
precision.

Page | 14
Following the organization culture

Every organization despite their size has its own culture. It’s essential to observe others and
learn how they engage and interact with co-workers, or help them with projects and task.
What was learned?
During my internship in that organization, I was able to adopt quite well in their working
environment as employees were kind and helpful. It also helps me know how the
organization culture actually feels like. A simple example can be a bio matric for attendance,
which aid me in knowing the value of time.

Keeping a journal
During my internship, I had a journal and took notes every day about new things I learned,
feedback I was given by CA, strength and weakness I noticed, and things I wanted to research
and learn more about.
What was learned?
Keeping journals helped me understand myself more and identify the areas that I needed to
improve in.

Communication skills
Communication is the key to success in a professional environment.
What was learned
I learned that it’s important to communicate with CA or other employee via phone or email or
SMS if I have questions or if I don’t know how to work on a task. Asking for help and
clarification is better than pretending to be understood. As an intern, good communication
will help with productivity, efficiency, engagement and growth.

Page | 15
2.6 ASSIGN TASK AND ACHIEVEMENTS
Process involved accomplishing the assigned task in internship.
GST filings
 At first we were briefed regarding taxation. Then provided us with different taxation
norms and tax slabs.
 Later they instructed us in preparing ITR’s statements of clients in excel sheet as per
the specified format.
 Before entering data into income tax site, we also prepared offline for cross checking
and to avoid errors.

Vouching
During the internship term, we visited few firms wherein we did vouching before the audit.
 In vouching, we had to cross check the company receipts and payment alongside with
the company’s cash book.

Tally entries
Most of utilizes TALLY ERP 9 for recording all their financial transactions as it is more
accurate and there is low risk of data loss. So it’s kind of required skills for employee to have
knowledge regarding tally. As for interns like us, who will be doing work for short period,
it’s kind of difficult to fully understanding of tally. Yet there are following process to be
followed to accomplish the task.
 Firstly, we carefully review all records of vouchers and arrange into different heads
like purchase, sales and so on
 Then we create a company in Tally software by that company name and started
entering data’s.
 After completing entries posting, then we rechecked the data by Balance sheet, Trial
balance and Day book.
 In case of difficulties during the task, we immediately contacted our mentors in the
firm.

Page | 16
2.7 SELF EVALUATION
As I had opportunity to have one and half month’s internship at GABS & ASSOCIATES, I
have done different tasks such as vouching, filing GST returns and calculation of taxable
incomes and so on. During this internship, I came across various pros and cons within the
organization. The internship had helped me gain numerous knowledge regarding the
functioning of the organization its strengths and weakness. This will help me in near future
by inculcating all those learning’s when I become a professional.

PROS
According to study, while interning, I found numerous good things in GABS &
ASSOCIATES
 Security.
Despite being a small firm consisting of around eight member (including CA), the
firm had excel in its security. They have biometric to maintain for entry and exit of
employees with CCTV surveillance. They even have backups in case there is no
electricity so that it won’t affect their productivity.

 Well organized
Secondly, every employees are been well instructed regarding rules and regulation of
the firm. Each and every one has to abide by these norms. Having biometric helped
the firm to maintain proper timings.

 Healthy environment
The firm has strict rules and regulation in the matter of healthy surroundings. In the
company premises, one can see dustbins, clean toilets and clean drinking water
facility and proper sanitization of office equipment’s

 Opportunity
The employees in GABS & ASSOCIATES are very humble and helpful in nature. In
office, we can see that each one is helping other for the growth and development.
Even CA comes forth to provide assistance in case of difficulties. They also provide
internship programs in their company

Page | 17
 CONS
 Task Assignment
There is absence of daily task assignment in GABS & ASSOCIATES. Every
employee follows the same routine. They do not have a certain target for a day. So
because of the absence of task assignment there may be a monotonous in work routine
which can demotivate employee

 Failure to retain employees.

In GABS & ASSOCIATES, they are failing to retain their employees. As most of the
employees resign because of better salary packages in other firms

While self- evaluating myself during the internship period, I discovered the
strengths and weakness about myself such as
 During the internship, I learned about the application of theoretical concept
into practical
 I am flexible to adopt to any place
 I am a quick learner.

Page | 18
2.8 SWOT ANALYSIS OF GABS & ASSOCIATES
STRENGTH
 A great reputation of trust, integrity and competence
 As a profession, they are relatively free of debt.
 The company has a good customer base in the market.
 Healthy working environment with good infrastructure

WEAKNESS
 Some of the employees are not from finance background.
 The employees are not well trained
 Company is technologically backward
 Lack proper strategies for expansion

OPPORTUNITIES
 Growing demand
 Attractive location
 Grow of indirect tax practices ( Government implementation of GST in India)
 Better customer satisfaction

THREATS
 Rising of new competitors
 Government regulations
 Increasing complexity in the tax laws, fema, auditing etc

Page | 19
3.0 CONCLUSION
The internship report is prepared to explain the different tasks performed during the time such
as vouching, data entry in tally, TDS returns, GST filings and returns. Though all this jobs are
challenging and need more focus and concentration to perform. And activities like vouching
and tally are very useful and will add more value towards the person’s performance and
resume in future. Yet, all this required more practice, which cannot be accomplished in a
short time period.

Furthermore, GAB & ASSOCIATE team were very helpful and ready to assist us in our
learning’s. Despite, the firm being small with fewer members there was good cooperation
among them. However for better operations and growth firm need to opt for better technology
and need to have more training programs.

All this are the crucial findings through in-depth study of the different operations of the firm.

Page | 20
4.0 REFERENCES
Daily Activity Log Records (DALR)
Week 1 The first week was basically knowing about organizational culture and

adapting to it. It also includes gaining theoretical knowledge regarding income

tax rules and regulations. We along with staff went to Sikkim State legal

Service Authority for vouching.

Week 2 Second week revolves around practicing the calculation of tax liability of

income from salaries in notebooks. Few days after that, we moved on with

calculation on excel sheet.

Week 3 This week involved entering the bank statements of customer in excel sheet.

Also calculation of GST in excel sheet with the prescribed format

Week 4 Forth week involved practicing the filing of GST returns through the portal.

And also crossing the statements with sales, purchase vouchers and entries

from Tally and making connection if needed.

Week 5 The rest of days involved applying the learned concepts and attending

different clients. And discussing with CA regarding internship reports and the

contents that need to be included. Also asking for suggestion and getting help

for clarifying the doubts.

Page | 21
 5.0 Appendix
Q1. What have I learned in the classroom that relates to the real working world?

Accounting theories, basic Accounting principles, Golden rules of accounting and Golden
rules of investment and savings all this actually applied in the corporate world. A simple
golden rule is being applied while preparing the cash books.

Q2. What new skills will I learn or hope to learn during the internship?

Gain practical experience relating to GST return, vouching, and basics of tally and so on.
And will be able to get on hand experience on the functioning of the corporate world. An
internship under CA also helped me realized my own strengths and weakness. This
internship period also help me realize the value of time and money.

Q3. How will this internship help inform my understanding of career choices within my
major or specialization?

Since I did my under graduate in B.Com and now pursuing master in finance. This
internship will not only add up into my CV boosting my strengths in finance world but also
gaining knowledge regarding GST, TDS and income tax will expand my job opportunities
in coming future.

Page | 22