EXECUTIVE SUMMARY

The project titled “A Study on Income Tax Planning of an Individual Assessee” is an

outcome of MBA internship and project outcome. This report contains the details of income tax
planning with respect to an individual.

The report is short term description of my 1 month internship carried out as a practical
component of MBA 4th Sem. The internship was carried out with the organization. Since I am
interested to know about the taxation and its benefits as an individual. At the beginning of the
internship I formulated several learning goals which I wanted to achieve.

 To understand the overall idea about audit firm.

 To gain practical knowledge and experience on how D. V. SAROVAR & CO. perfoms
its operations.

 To identify about how to accumulate and process evidences to make a structured income
report.

Internships exist in a wide variety of industries and settings. An internship may be paid, unpaid,
or partially paid (in the form of a stipend). Stipends are typically a fixed amount of money that is
paid out on a regular basis. Usually, interns that are paid through stipends are paid on a monthly
basis. Internships may be part-time or full-time. A typical internship lasts between one and four
months, but can be shorter or longer, depending on the organization involved. The act of job
shadowing may also constitute interning.