IndexSummaryAcknowledgmentsIntroductionAn Industry StudyPurpose of the StudyObjectives of the StudyMethodologyCompany ProfileCorporate ServicesTax ReturnsPublic OpportunitiesThreatsBCGR MatrixResultsLimitationsConclusionExecutive SummaryThe summer internship was a good opportunity to learn new things and learn engagement. I have learned that the correct use of PC programming such as MS exceeds expectations, MS Word which I have used to reproduce the information game plan of several association clients. To begin with I isolated the different customer archives and subsequently published them in MS exceeding expectations. The names and archives were particularly said. Furthermore, the intrigue paid and obtained by customers has been published. I collected this data from customer books. This helps in the appropriate association of information and simple reference to what is to come. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay Acknowledgment I would like to express my special thanks to my guide Ms. Neha Puri, who provided me the ways and techniques to carry out this project; she also helped me find the research papers to complete this project. I would also like to give special thanks to our Director Dr. Sujata Khandai who gave me the golden opportunity to do this wonderful project on the topic. IntroductionPresentation of the business sector of the organization The organization functions as a firm of accountants as per the principles and directions and moral code intended for CA firms by the ICAI (The Institute of Chartered Accountants of India). The Institute of Chartered Accountants of India (ICAI or Institute) was established as a statutory body on 1 July 1961 under the Chartered Accountants Ordinance, 1961 to manage accountancy activities in the nation. The ICAI is administered by the Council comprising nineteen people. Fifteen individuals are chosen from among individuals for a period of four years. The remaining four members of the Council are selected by the Government of India. ICAI's vision is: The profession of Chartered Accountants in India should be the benchmark of expert ingenuity while maintaining standards of respectability, simplicity and accountability. ICAI's mission is to achieve perfection in competent skills, improve organizations and the economy, protect open intrigues; ensuring moral practices and great business administration while perceiving the demands of globalization. These types of firms provide their clients with various types of professional services such as auditing, tax collection, and administrative consultancy. The Chartered Accountancy course is directed by the Institute of Chartered Accountants of India, which has its central command in New Delhi, 5 territorial work centers (Calcutta, Kanpur, Chennai, Mumbai and New Delhi) and 81 branches under these local focuses. A firm of the IndustryOrganization operates as a firm of Chartered Accountants as per the rules, regulations and code of ethics designed for CA firms by ICAI (The Institute of Chartered Accountants of India). The Institute of Chartered Accountants of India (ICAI or Institute) was established as a statutory body on 1 July 1961 under the Chartered Accountants Ordinance, 1961 to regulate the accounting profession in the country. The ICAI is governed by the Council comprising nineteen members. Fifteen members are elected from among the members for a term of four years. The remaining four members of the Council are appointed by the Government of India. ICAI's visionis: The profession of chartered accountant in India should be the benchmark of professional excellence by upholding the principles of integrity, transparency and accountability. ICAI's mission: to achieve excellence in professional competence, added value to businesses and the economy, protection of the public interest; ensure ethical practices and good corporate governance while recognizing the demands of globalization. These types of companies provide their clients with different types of professional services such as audits, tax and management consultancy. The Chartered Accountancy course is conducted by the Institute of Chartered Accountants of India, which has its headquarters in New Delhi, 5 regional offices (Calcutta, Kanpur, Chennai, Mumbai and New Delhi) and 81 branches under these regional centres. PURPOSE of the study Our 45-day organizational study aims to gain industrial exposure and understand the functioning of the organization under construction. It is intended to help connect business management practices in an organization with theory. Objectives of the Study I choose to work with Singhania Shreeyam And Associates. During this internship I acquired many new skills. Before the internship I only had theoretical knowledge about working in the organization, but now I have practical experience of working in the organization. I now have an understanding of the organization's work environment and how organizations function and achieve their goals and objectives. This internship must provide me with understanding of business and also the elements of strategic thinking, planning and implementation, and how these things are applied in a real world organizational environment. Below are the objectives I have in mind before working as an intern. Improve communication skills. Analyze the business situation. Establish high standards of professionalism. Delve into more than theoretical knowledge. Learn the accounting practices of different companies. Apply the knowledge theoretical aspects in real organization. Compare practical aspects with theoretical aspects. Make quick decisions in a real situation. Learn to promote and conduct research in the business sector. Promote my personal knowledge and professional preparation for the future. Adequately integrate my theoretical knowledge and practical work. Plan the future of yourself and learn how to fit into an organization. Know how to present your advice in front of your boss. Gain knowledge of opportunities and threats as you enter an organization. To get exposure to do a job in an organization and also know about organizational behavior, ethical rules and regulations. Methodology There are 3 steps involved in an organization study. It can be described as follows: 1) The first step is the collection of all available information from various primary and secondary data sources. Gather information from manuals, reports, articles, etc. provided by Shreeyam Singhania regarding the origin, facilities available in the company and a brief on its activities and functions.2) Interview department heads and other staff to understand the activities of each department, facility and the roles performed by each of them .3) Visit to the operational sites of the various departments. The main objective is to get a physical idea of ​​the departments and observe the activities carried out by them, and it is important for the whole organization. Company Profile Singhania Shreeyam And Associates was established in 2017. It is a newly established accounting firm offering full service professional services including audit, management consultancy, tax consultancy, accounting services, manpower management, secretarial services etc. Singhania Shreeyam And Associates is a companyprofessionally managed. The team is made up of distinguished chartered accountants, corporate financial advisors and tax advisors. The firm represents a combination of specialist skills, aimed at offering solid financial consultancy and personalized proactive services. Those associated with the company have regular interaction with industry and other professionals which enables the company to keep abreast of contemporary developments and to meet the needs of its clients. Corporate Services Company Formation Corporate Law Consultancy mergers, acquisitions, demergers and corporate reorganisations. Filing of annual returns and various forms, documents Keeping of statutory records Advice on public matters / Rights / Bonuses Issuance of shares Indirect taxation In general, the audit involves the following: a) In-depth study of the systems, of existing procedures and controls for correct understanding. Suggestions for improvement and strengthening.b) Ensure compliance with policies, procedures and statutes. Comprehensive review to ensure that accounts are prepared in accordance with generally accepted accounting policies and applicable accounting principles/IFRS.c) Verification of authenticity of expenses recorded in the accounts. Reporting inefficiencies at any operational level. Identifying and preventing loss of income and suggesting corrective measures to prevent its recurrence.d) Certification of books of accounts in accordance with the balance sheet and profit and loss account.Issuing audit reports under various laws.Types of audit conducted Statutory Audit of Companies Tax Audit under section 44AB of the Income Tax Act, 1961. Audit under other sections of the Income Tax Act, 1961 like 80HHC, 80-IA, etc. Simultaneous audits. Bank revenue audit. Audit of bank branches. Audits of PF Trusts, charities, schools, etc. Audit of cooperative societies. Audit of the information system Internal audits. Tax Returns A tax return is a form registered with a specialist in charge that reports salary, costs and other related assessment data. Scorecards allow citizens to calculate spending risk, plan to impose installments or request rebates for excessive tariffs. In many nations, evaluation forms must be documented annually for an individual or company with reportable salary (e.g., compensation, profits, capital raises, or miscellaneous benefits). Three Sections of a Tax ReturnIncome Tax: The most widely recognized technique for disclosing is a W-2 tax document. Salaries, profits, freelance salary, eminences and, in many countries, capital increases should also be taken into account. Deductions: Duty derivations differ widely between departments, however common examples include pension fund project commitments, commissions paid, and intriguing conclusions on a few receivables. For organizations, most costs directly identified with business activities are deductible. Citizens can separate the findings or use the standard results for their registration status. Once the subtraction of all the conclusions is finished, the citizen can decide their share of spending on their balanced gross salary. Tax credits: These are sums that offset liabilities or taxes owed. Like leads, these fluctuate widely between departments. Be that as it may, there are regularly attributes accredited to the department's child and elderly care, benefits, education and more.DEPARTMENTS OF THE COMPANYAccounting DepartmentAuditing Department.