The document is a project report submitted by Kiran Chaudhary, an MBA student, on their summer internship at YMACK & CO., a chartered accountancy firm. The report details the organization's structure, services offered, and the work and research conducted by the intern during their time there, including an overview of topics like taxation, auditing, and accounting. It includes sections on the introduction, company profile, conceptual discussion, work accomplished, learning outcomes, and conclusions. The report was submitted to fulfill degree requirements for the student's MBA program.

2. Project Report of the
Summer Internship Project 2022
At
YMACK & CO.(CA)
A Project Presented in the partial fulfillment of the Requirements for the
Degree of Master of Business Administration for session (2021-2023)
TOPIC: -ACCOUNTS & FINANCE
SUBMITTED TO: SUBMITTED BY:
MR. SANDEEP BISHT KIRAN CHAUDHARY
MBA 3 SEM
UINIVERSITY ROLL NO : 2155631

3. CERTIFICATE
This is to certify that the Summer Internship Report entitled “Accounts & Finance, Direct & Indirect
Taxation” by “ KIRAN CHAUDHARY” is her original work . she has worked under my guidance for
the required period . this dissertation fulfils the requirement of the ordinance relating to summer
internship training .
No part of this report has ever published by any other university or institution for any purpose
whatsoever.
MR. SANDEEP BISHT
(ASSISTANT PROFESSOR)

4. ACKNOWLEDGEMENT
I would like to express my deepest appreciation to all those who provided me the
possibility to complete this report . I have taken efforts in this project. However , it
would not have been possible without the kind support & help of many individuals &
the organization . a special gratitude I give to our project manager &
my college mentor whose contribution in stimulating suggestions &
encouragement, helped me to coordinate my project specially in writing this report.
Furthermore, I would also like to acknowledge with much appreciation the crucial role
of the staff , who gave me the permission to use all equipments & necessary materials
throughtout the period .
Last but not least , my thanks go to head of the project MR. who have
invested his full effort in guiding the team in achieving the goal.

5. INDEX
1. CHAPTER 1: INTRODUCTION
1.1 introduction of organization business sector ……..
1.1.1 about the industry
1.1.2 mission & vision
2. CHAPTER 2: COMPANY PROFILE
2.1 about the company
2.2 service offering
2.3 audit
3 CHAPTER 3: CONCEPTUAL DISCUSSION
3.1 objective of study
3.2 job description
3.3 overview of TDS
3.3.1 TDS returns
3.3.2 process flow of TDS
3.4 overview of vouching
3.5 preparation of books in tally
3.6 overview of VAT
3.7 overview of TALLY ERP 9
3.8 overview of auditing
3.9 overview of GST
3.10 overview of taxation
4. CHAPTER 4: WORK & RESEARCH
4.1 description of accomplished work in organization
4.2 description of research under the supervision
4.2.1 taxation

6. 5. CHAPTER 5: LEARNING , CONCLUSION & SUGGESTIONS
5.1 behavioral learning from the organization
5.2 sugesstions & recommendations
5.3 limitations
5.4 conclusions

7. INTRODUCTION OF ORGANIZATION BUSINESS SECTOR
ABOUT THE INDUSTRY
Organization is working as chartered accountant firm under the rules & regulations & code of
ethics designed for CA firms by ICAI ( THE INSTITUTE OF CHARTERED ACCOUNTANT OF INDIA) .
The institute of chartered accountants of India (ICAI) was established as statutory body on July
1,1961 under chartered accountants ordinance , 1961 to regulate the profession of
accountancy in the country .
ICAI is governed by the council which consist s of 19 members 15 members are elected from
amongst the members for a period of 4 years . the remaining 4 of the council of ministers are
elected by govt. of India .
These kind of firms provide different kinds of professional services like audit, taxation &
management consultancy to its clients .

8. MISSION & VISSION
MISSION OF ICAI
is to achieve excellence in professional competence, add value to business & economy ,
safeguard public interest , ensure ethical practices & good corporate governance while
recognizing the needs of globalization.
VISSION OF ICAI
The profession of chartered accountant in India should be the benchmark of
professional excellence upholding the principles of integrity , transparency &
accountability.

9. ORGANIZATIONAL STRUCTURE
a hierarchy is arrangement of items ( objects, names, values, categories, etc.) in which the items are
represented as being “above” “below” or at the same level as one another & with only one “
neighbour” above & below each level .
a hierarchy of power is called a power structure . following is the organization hierarchy if the firm :
 PARTNERS
 DIRECTORS
 SENIORS TRAINEE STUDENTS
 JUNIOR TRAINEES
Senior manager is a qualified chartered accountant having more than 10 years working experience.
Field work & information collection & implementation of policies by adopting changing in rules &
regulations is the main responsibility of supervisors & trainees .

11. ABOUT THE COMPANY
YMACK & CO. is a leading chartered accountancy firm. it is rendering
comprehensive professional services which include audit, management
consultancy, tax consultancy, accounting services, manpower management,
secretarial services,etc .