SUMMER TRAINING REPORT

RISHAB DEV SINGH

20IBB070

INTEGRATED BBA-MBA(HONS.)

SCHOOL OF BUSINESS

Faculty of management

KAKRAYAL,KATRA

182320 ,J&K INDIA

NOVEMBER 2022
 DECLARATION

I hereby declare, that the project report on the topic “Training and Development” is

an organized and authentic work prepared by me as an intern under business

management. This work is done for the partial fulfilment of Bachelors of Business

Administration Degree.

The preparation of the project report is based on my personal findings, several visits

to the organization, interaction with the employees and consulting the secondary

source.

STUDENT’S SIGNATURE DIRECTOR’S

DATE________________ DATE_______________

PROJECT GUIDE’S SIGNATURE

DATE__________________
CONTENTS

Page No

CHAPTER 1 INTRODUCTION

ABOUT THE COMPANY

BEST PRATICES IN COMPANY

SERVICES OFFERED

CHAPTER 2 GST

CHAPTER 3 ITR
CHAPTER 4 BALANCE SHEET

CHAPTER 5 AUDIT

CHAPTER 6 SUGGESTION
CHAPTER 7 CONCLUSION

CHAPTER8 QUESTIONEER

CHAPTER 9 BIBLIOGRAPHY
 CHAPTER1-

INTRODUCTION
About the

company
SOURAV SHARMA CA. A major accounting firm. We provide comprehensive professional services including auditing,

management consulting, tax consulting, accounting services, human resource management, secretarial services and more.

It is a professionally run company. The team consists of proven auditors, corporate financial advisors and tax advisors. The

firm represents a combination of professional skills focused on providing sound financial advice and personalized,

proactive service. Our staff are in regular contact with industry and other professionals, which enables us to keep up with

current developments and meet our clients' needs. Shekhar CA & Co. has a clear vision of the future growth and

development of financial markets and services and conducts research to stay ahead of these trends and developments. .

shapes its business and specialties and showcases services that support the business and growth of its clients.

BEST PRACTICES OBSERVED IN THE FIRM

There is no disrimination. Everyone is treated equally, making it easier to coordinate and exchange

opinions and ideas. Both the mentor and colleague are always happy to help the intern with any issues that

he couldn't solve on his own. Because everyone is disciplined and dedicated to their work, they are

motivated to do their jobs perfectly and learn and cram as much as they can. A perfect competitive

environment always motivates us to exceed our professional responsibilities and outperform us.The

working environment within the organization is generous. Even employees are not overwhelmed by the

work they have done. Neither they nor the owner forces them to work overtime. All work/goals are

completed by employees within the allotted time frame. Employees are always energetic and ready to

work. They waste no time. They are always striving to improve their work efficiency and efficiency. Never

miss a working day, even when the owner is not in the office. The owner is very good at serving customers

and is always humble. Never scold an employee when they make a silly mistake, smile and make sarcastic

comments to correct the mistake so that the employee doesn't feel it.

SERVICES OFFERED BY COMPANY

The most common form of incorporation is a Pvt registration. Co., Ltd.

Company registration creates the possibility of limiting the founder's

personal liability to the amount of the paid-up capital. Promoters must

obtain a DIN and verify the availability of the company name.

One Person Companv: Register your One Person Company (U/s 2(62) of

the Companies Act 2013) to start your business quickly within reasonable

fees by an experienced CA firm To do.

LLP Registration: - Limited Liability Partnerships (LLPs) benefit from

the simplicity of corporate registration and partnerships. Suitable for small

and medium enterprises. An experienced CA firm can simplify the process

for a reasonable fee.

GST Registration: - GST Business Registration is intended to enable the

sale of goods with a sale value above certain limits. Limits may vary from
state to state . Must get pre-tax GST deduction. An experienced CA office

can expedite the process

GST Return: = GST Return. Businesses are required to file regularly to

provide information on turnover, total GST liability and payment method.

Frequency may vary by state. Lateness is subject to penalties. An

experienced CA firm can guarantee his compliance for a reasonable fee.

TDS Return: = Income Tax Act, TAN No. > Income Tax (Employee): -

Employee Income Tax Return can be filed using Form 16 and Form 16A

. submitted. Form 26 AS is useful for obtaining information on TDS for

payroll. An experienced CA firm can help you with better tax planning

and reduced TDS.

Income Tax (Corporate): = The filing of an Income Tax Return is a

requirement of the Corporate/Corporate Income Tax Act. Tax audit

reports help you comply with income tax laws. An experienced CA firm

can help reduce violations of income tax laws.

CHAPTER 2
 GST

GST stands for Goods and Services Tax and came into force on 1st July 2017. This is an indirect tax usually paid by the

final consumer. GST replaces many other indirect taxes such as sales tax, sales tax, service tax, immigration tax and

luxury tax. In other words, this tax is levied on the supply of goods and services. Calculated from the added value of the

product. India's Goods and Services Tax is a comprehensive destination-based multi-tiered tax levied on all value

creation. Let's take a closer look at what these different terms mean in order to understand what GST is

. Comprehensive – GST covers all aspects of buying and selling. It replaced various other taxes. It is called

comprehensive because it covers all aspects of business life.

Destination Based – GST is charged in the state where the product is sold, not the state where it is manufactured. For

example, if these goods are manufactured in West Bengal and sold in Andhra Pradesh, GST will be collected in Andhra

Pradesh.

Multistage - There are usually many stages in the production of goods and services. These stages include procurement of

raw materials, production or manufacturing, warehousing, sales to wholesalers, retailers, and the ultimate consumer. GST

is charged at each level. This makes it a multi-value tax.

Value Added - Let's take the example of textile production. First, raw materials such as cotton and silk are processed

into fabric. This increases the value of raw materials. The fabric is then processed into clothing, further increasing its

value. After clothes are made, they are branded and sold to retailers who do advertising and marketing to increase their

value.GST is charged at each of these stages where added value is added to the product. Understanding what the GST tax

is will help you understand the different types of his GST.

TYPES OF GST

What is CGST? CGST stands for Central Goods and Services Tax. It replaced all previous taxes under the central

government. Examples of such taxes are central surcharges and customs duties and central consumption tax. CGST is

charged on the movement of goods within a country. Let's take an example to understand what CGST means. If a

manufacturer manufactures goods in West Bengal and sells them within the state, both SGST and CGST are charged.

The former goes to the West Bengal state government, the latter to the central government. In most cases, taxes are split

evenly between state and central governments as mandated by the GST Council. GST imposed by state governments,

known as SGST, applies to transactions within geographical boundaries. Under the new tax system, previous state taxes

such as amusement park tax, sales tax and state sales tax no longer work.
SGST stands for State Goods and Services Tax, a flat tax levied on the domestic supply of goods and services other than

alcoholic beverages. It can only be calculated based on the transaction price of the goods, i.e. the amount that the buyer

has to pay. SGST functions may vary from state to state as each state government has its own laws. However, certain

features such as paid events, ratings, classification of goods and services, and metrics are similar across the country. This

tax therefore embodies the goals of this new tax regime. One tax, one nation. See the table below for maximum SGST

rates.

IGST stands for Integrated Goods and Services Tax. This generally applies to international transactions. H. Transactions

Between Two Different States. Among the types of GST, it is levied on bilateral supplies of goods and services as well

as imports and exports (IGST + customs). The central government is responsible for collection under the IGST law. Let's

briefly explain this with an example. A manufacturer in West Bengal sells goods to customers in Maharashtra. In this

case, IGST is applied to the transaction value. The central government collects this amount. This amount is then split

between the consumer state (in this case Maharashtra) and the central government.

UTGST stands for Union Territory Goods and Services tax, relevant to the transaction of products and offerings

withinside the Union Territories. It is levied at the deliver of merchandise in Andaman and Nicobar Islands,

Lakshadweep, Daman Diu, Chandigarh, and Dadra and Nagar Haveli. Note that UTGST is simplest relevant on

Union Territories with out a legislature. Hence, Delhi, Puducherry, or even the newly fashioned UTs of Jammu &

Kashmir aren't responsible for UTGST however SGST. Simply know-how the UTGST which means isn't always

sufficient. You should additionally realize the relevant prices. This tax is gathered through the Central

Government and is an alternative to the State Goods and Services tax in UTs. Thus, the UTGST percent is much

like that of SGST, which might be 2.5%, 6%, 9%, and 14%. Furthermore, after know-how the styles of GST and

prices related to them, it's miles important to realize that a few merchandise are taxed at 0%. Meat from

mammals, birds and fish do now no longer draw any such tax. Additionally, sanitary napkins, bananas, apples,

and grapes are different tax-loose merchandise.

 1. GST Rates

The GST Council has assigned GST rates to different goods and services. While some products can be purchased

without any GST, there are others that come at 5% GST, 12% GST, 18% GST, and 28% GST. GST rates for

goods and services have been changed a few time since the new tax regime was implemented in July 2017.

Name of Item Applicable GST Rate

Mobile Phone 12%

Sanitizer 18%
 Gold Jewellery 3%

Two wheeler 28%

Car 28%

2. Advantages of GST

Easy compliance:

A strong and complete IT device will be the basis of the GST regime in India. Therefore, all taxpayer offerings

including registrations, returns, payments, etc. might be to be had to the taxpayers online, which might make

compliance clean and transparent.

2. Uniformity of tax quotes and systems: GST will make certain that oblique tax quotes and systems are not

unusualplace throughout the u . s . a ., thereby growing reality and simplicity of doing commercial enterprise. In

different words, GST might make doing commercial enterprise withinside the u . s . a . tax neutral, no matter the

selection of vicinity of doing commercial enterprise.

3. Removal of cascading: A device of seamless tax credit during the value-chain, and throughout obstacles of

States, might make certain that there's minimum cascading of taxes. This might lessen the hidden charges of

doing commercial enterprise.

4. Improved competitiveness: Reduction in transaction charges of doing commercial enterprise might

subsequently cause advanced competitiveness for the change and industry. World Bank believes that the

implementation of the Goods and Service Tax (GST), blended with the dismantling of inter-kingdom check-posts,

is the maximum vital reform that might enhance the competitiveness of India's production sector.

5. Gain to producers and exporters: The subsuming of fundamental Central and State taxes in GST, entire and

complete set-off of enter items and offerings and phasing out of Central Sales Tax (CST) might lessen the fee of

regionally synthetic items and offerings. This will boom the competitiveness of Indian items and offerings

withinside the global marketplace and supply a lift to Indian exports. The uniformity in tax quotes and strategies

throughout the u . s . a . may even cross an extended manner in lowering compliance charges.t.
CHAPTER 3
 ITR

Itr is a form for taxpayers to submit information about their income and applicable taxes to the Income Tax Authority. The

division has so far reported seven different forms. H. ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7. Every taxpayer

must submit her ITR by the stated deadline. The scope of application of the ITR form depends on the taxpayer's source of

income, the amount of income generated, and the taxpayer's category (individual, HUF, corporate, etc.).

3. Who is Required to File ITR?

Now that we know what an income tax return is, let's take a look at the list of people and businesses who are legally required to file

an income tax return each fiscal year. 1. A person under the age of 59 whose annual income exceeds her 2.5 lakh. The exemption limit

for seniors aged 60-79 is INR 300,000 and for super seniors (80 years and over) is INR 5,000,000. The calculation of income must be

made without taking account of deductions under Article 10 of Income Tax 2. Corporations with annual income even if they did not

make a profit during the period 3. Individuals seeking a refund of excess income tax or tax deducted from their annual income. 4.

Individuals with assets or other financial interests abroad. 5. An Indian company with treaty benefits for doing business in the country.
4. WHICH ITR TO FILE ?

There are seven different types of ITR forms for different categories of individuals and source of income. The Income Tax Department

has different forms for each taxpayer depending on the category of income generation:

i) i) ITR – 1: This form is only applicable to Residents (not applicable to NRI/HUF/other legal entities) with a gross income up

to Rs 50 lacs and who: a) Income from a salary/pension; or b) Income from single family property c) Income from other sources

ii) ii) ITR – 2: sources include sources other than business or professional income. there is. iii)

iii) iii) ITR – 3: This form applies to natural persons and HUFs who have income from profits and profits from a business or

occupation.

iv) iv) ITR – 4: This form applies to all Residents/HUFs/Corporations (excluding LLPs) with a gross income up to 50 Lux and

who: On an estimated basis per Section 44AD or 44AE or 44ADA b) Income from salary/pension c) Income from homeownership d)

Income from other sources

v) v) ITR – 5: Form ITR-5 is , individuals, HUFs, companies and individuals filing Form ITR 7. Ideally, this form covers all

partnerships, LLPs, AOPs, BOIs, artificial corporations, cooperatives and municipalities. This form is also used by mutual funds,

corporate foundations, estates and trusts.

vi) vi) ITR – 6: This form applies to all companies except those claiming an exemption under Section 11. Section 11 concerns

charitable/religious organizations to which ITR 7 applies.

vii) vii) ITR – 7: This form is for businesses required to process returns under US 139(4A), 139(4B), 139(4C), 139(4D), or 139(4E).

is for personal use, including or 139 (4F). These include religious and charitable organizations, political parties, scientific research

organizations, universities, etc..

5. How to check ITR status online?

 After submitting your tax return, you can easily check your status online on the Government of India e-filing website. Here are some

quick steps to check your ITR status, depending on whether you've created a login account on the site. You will be redirected to a

page where you need to enter details about your PAN number, ITR verification number and Captcha code. Once entered, your tax

return status will be displayed. With Credentials Log in to the site with your username and password. Then click the Return or View

Form option. Select the year of assessment and income tax return from the drop-down menus. Post this so we can see if the ITR has

been validated or edited.

6. Is Filing ITR Compulsory?

Under the Income Tax Act, if your income exceeds the government tax exemption limit, you must file a tax return in

accordance with the annual tax commission. If he submits his ITR items by the due date, he may incur penalties and may be

prevented from obtaining future loan or visa approvals.

CHAPTER 4
 BALANCE SHEET

A balance sheet is one of the annual financial statements reports that show the financial position on a specific date. A company's

balance sheet contains a lot of information that can be used to analyze its financial stability and performance. A balance sheet is a

reporting version of the balance sheet equation where total assets are always equal to total liabilities plus shareholders' equity.

Assets = Liabilities + Equity Investors and creditors generally look to the balance sheet to determine how efficiently a company is

using its resources and assessing the value of its investments. increase. Three important sections of the balance sheet are: Liabilities

This provides a list of liabilities the company owes to others. Equity or Equity - This is the amount invested by shareholders.

Importance of the Balance Sheet An analysis of the balance sheet can reveal a lot of important information about a company's

performance. The importance of the balance sheet is shown below.

An important tool used by outsiders such as investors, creditors and other stakeholders to understand a company's financial situation.

A tool for measuring the growth of a company. This can be done by comparing balance sheets from different years. An important

document that must be presented to a bank or investor in order to obtain a business loan. Helps stakeholders understand the company's

performance and liquidity position. Enables decision-making and unexpected expense coverage for expansion projects. If the company

finances its operations from profits or liabilities, this can be determined by analyzing the balance sheet.

Sample Format of Balance Sheet

There are several balance sheet formats available and generally, it is categorized as classified, common
size, comparative, and vertical balance sheets. The old format of balance sheet called as T-shaped or
horizontal format as given below:

Company Name

Balance Sheet

For the Period Ended...........

Liabilities Amount Amount Assets Amount Amount

in Rs in Rs in Rs in Rs

Capital Fixed Assets

And
Reserves

Opening XXXX Land XXXX

Capital
Balance

Reserves XXX Less: (XX) XXXX

and Depreciation
Surplus
Less: (XXX)
Drawings

Capital XXXX Building XXXX

Balance

Less: (XX) XXXX

Depreciation

Secured
Loans

Long term XXX Investments

debt

Other long XXX Long term XXX

term Investments
liabilities

Unsecured Current
Loans Assets, Loans
and Advances

Cash XXX Inventory XXX

credit
payable
 Cash and cash XXX
equivalents

Current Other current XXX

Liabilities assets

Trade XXX
Payables

Accrued XXX Prepaid XX

Interest expenses

Other XXX Miscellaneous XX

Current expenditure
Liabilities

Total XXXX Total Assets XXXX

Liabilities

The new format of the balance sheet is also called “vertical format balance sheet” and it lists the equities an
on the top followed by the assets at the bottom.

Company Name

Balance Sheet as at.................

Particulars Note Figures as at the end Figures as at the end
No. of current reporting of previous reporting
period period

I. EQUITY AND
LIABILITIES

1) Shareholder’s Funds
(a) Share Capital
(b) Reserves and Surplus
(c) Money received
against share warrants

(2) Share application

money pending
allotment

(3) Non-Current
Liabilities
(a) Long-term
borrowings
(b) Deferred tax
liabilities (Net)
(c) Other Long term
liabilities
(d) Long term provisions
(4) Current Liabilities
(a) Short-term
borrowings
(b) Trade payables
(c) Other current
liabilities
(d) Short-term
provisions

Total

II.Assets

(1) Non-current assets

(a) Fixed assets
(i) Tangible assets
(ii) Intangible assets
(iii) Capital work-in-
progress
(iv) Intangible assets
under development
(b) Non-current
investments
(c) Deferred tax assets
(net)
(d) Long term loans and
advances
(e) Other non-current
assets

(2) Current assets

(a) Current investments
(b) Inventories
(c) Trade receivables
(d) Cash and cash
equivalents
(e) Short-term loans and
advances
(f) Other current assets

Total

Detailed note on Sections and Sub-Sections

Section Sub-Section Description

Current Cash Current assets are those which can be liquidated within a
Asset short period of time. Cash is the most liquid form of these
assets and it includes all funds contained in current,
savings, and money market accounts.

Accounts Accounts receivable is the amount to be received from

Receivable the customers also known as debtors. These receivables
 are created from the time the customer is billed to the
time the company receives payment from the customer

Inventory Inventory is the items that a company

purchases/manufactures and then sells to the customers.
From the time the goods/raw material are purchased or
processed to the time it is sold to the customer, these are
termed as inventories.

Fixed Asset Equipments Fixed assets are items that are physical assets that are
owned by the company for a long term. Long term assets
are generally depreciated over time and so these assets
are recorded with a total accumulated depreciation
amount subtracted from them.

Vehicle Vehicle is a long term asset held by the company for more
than a year and it is depreciated over time.

Land Land is a fixed asset and held for a longer period of time
than any other long term asset. This is one of the fixed
assets which is not depreciated instead the value of the
land increases as the years pass.

Intangible Goodwill Goodwill is an intangible asset which represents non-

Asset physical assets that add to a company's value but is not
tangible.
 Note: In Finance Act 2021, Goodwill is explicitly removed
from the definition of depreciable intangible assets

Current Accounts These are the obligations that will become due in the
Liability Payable current period (within a year) and generally includes
trade due to vendors and suppliers. Accounts payable
are amounts due to creditors for services or goods that
have not yet been paid

Accrued Accrued expenses are obligations that are recognized in

Expenses the books but are not yet due, and include wages,
interest etc

Taxes This represents the amount of taxes that a company owes

Payable to the government. All taxes are generally due to be paid
within a year and hence classified as current liability

Long Term Long Term Long-term debts are those obligations which will not be
Liability Debt payable within the current year and will become due in
more than one year. It represents the total amount due
to be paid by the company to third parties and creditors
for over a year or more

Capital Stock Capital represents the money invested by the owner in

the entity and it is the total assets minus the total
liabilities. Capital stock changes according to the entity
 type – companies report capital as common stock,
Share
preferred stock etc whereas Partnerships list the same
Holder’s
Partner’s capital.
Equity

Retained This is the excess earnings retained by the entity to invest

Earning in the business. This represents the amount not
distributed to shareholder. It is also termed as ploughing
back of profits.
CHAPTER 5
 AUDIT

The audit system is the collection of steps accompanied via way of means of an auditor with a purpose

to behavior an audit engagement with a consumer. The specific steps accompanied will rely on the

character of the audit engagement, however commonly comply with the overall steps mentioned

below.

Step 1. Request General Information from the Client The audit group starts via way of means of asking

for loads of data from the consumer, with a purpose to advantage an affordable evaluation of its

operations. This can consist of conferences with key consumer employees with a purpose to study

extra approximately centered areas.

Step 2. Understand the Operating Environment of the Client The audit group examines the consumer's

gadget of inner controls, to evaluate the numerous chance degrees of the consumer's practical areas.

This data is wanted to layout the exams for use later withinside the audit system.

Step 3. Prepare an Audit Plan Based at the data gleaned withinside the previous steps, the audit group

creates an audit plan that describes the numerous exams in order to be performed. This plan contains

the group's selections approximately the quantity to which the consumer's gadget of controls may be

relied upon.
Step 4. Conduct Fieldwork The audit group makes use of the audit plan as the idea for its fieldwork.

The consequences determined at some stage in every section of the fieldwork might also

additionally regulate the sort and quantity of exams performed thru the the rest of the fieldwork.

The group files its paintings in a hard and fast of running papers.

Step 5. Review the Audit Results The audit supervisor discusses any findings from the fieldwork with

the consumer. This might also additionally bring about extra exams, in addition to the advent of a

control letter that describes any problems determined.

Step 6. Draft an Audit Report The audit group drafts an audit report, that is reviewed via way of

means of audit managers in conjunction with the assisting workpapers. This overview might also

additionally bring about extra fieldwork being performed, in all likelihood ensuing in every other

generation of the audit report.

Step 7. Communicate the Audit Results to the Client in a Closing Meeting

The Importance of Audit Systems

 In Companies and Organizations An audit is an independent and systematic evaluation or review of

statutory records, documents, and books of accounts (including supporting documents) held by an

organization or company.
 They are performed or performed to determine whether non-financial information and financial

statements give a true and fair view of the financial condition of the company. This is an activity to

ensure that business records are properly kept and maintained in accordance with the law.

 The auditor obtains evidence and forms an audit opinion based on the evidence and reasonable

judgment communicated in the audit report. Commonly audited areas include secretarial and

compliance audits, quality control, internal controls, water management, project management, and

energy conservation. Financial audits are typically performed on small businesses. Financial audits

allow companies to better understand their financial situation. This helps accountants highlight areas

of success or areas of concern for small businesses. Audits also help the management team identify a

path to future success. Audits assess the effectiveness of an organization's internal controls.

 Maintaining an effective system of internal controls is critical to achieving an organization's business

objectives. Obtaining reliable financial information about the company's operations, preventing or

avoiding fraud, asset misappropriation or misuse, and minimizing costs is critical to the company's

operations. It is very important that independent and internal auditors contribute to an organization's

audit system in various but important ways. Auditing enables tracking of business objectives. An

effective audit system is important to your business as it allows you to track or track and achieve

various business goals. Most business processes require a variety of tools to monitor and monitor

activities and processes, measure ongoing performance, detect and prevent irregular transactions,

maintain business reports and records, and facilitate increased productivity. You need internal

controls of sorts. Internal auditors review drafts of proposed improvements and internal controls

informally. We also document misconduct for further investigation by management, if necessary.

 Auditors assess the risk of misstatement. Auditors assess the risks of material misstatement in the

company's financial statements. Without audit systems and internal controls, companies cannot
produce reliable financial reports for external or internal purposes. You can't decide how to allocate

your resources, and you don't know which segments or product lines are profitable.

CHAPTER 6
 SUGGESTIONS AND RECOMMENDATIONS

Although the organization is really good in everything and everything is well maintained and managed.

However, whether it is human or organizational, there are still some opportunities for improvement.In

my opinion, some suggestions/recommendations are: You have a good opportunity to present an ISO

standards training program that other companies do not offer to their customers. V Try to adopt new

technologies that your competitors aren't using. V Build a network that makes it easy for customers to

negotiate. The SOURAV SHARMA. advantage of producing accurate and error-free reports compared

to our competitors. Y We believe that the local economy will continue to be strong and that our typical
customers will continue to thrive. V Company has mostly professionally trained staff and they are the

biggest threat to his

CHAPTER 7
 conclusion

Overall, SOURAV SHARMA CA & Co. is one of the world's most profitable and respected companies. The

organization has been dedicated to providing quality from day one. The reviews of the works that have been

meticulous in detail and the trust of the customers tell the high degree of perfection. Y The company is rated 'A' on

the State Bank of India's list of auditors. Additionally, only these “A” category companies can audit publicly traded

companies. Y Institute of Chartered Accountants of India also performed quality control and issued a satisfactory
QCR report demonstrating that they have performed client audits in accordance with international standards for

auditing.
 CHAPTER 8

Tax planning with respect to individual assessee Questionnaire

Name Of The Assesse :

Occupation : Gender :
Qualification :

Address : 1

. do you pay your tax regularly ?

Yes No

2.ON Which Heads Of Income ,Your Income Become Taxable ?

Income From Salary

Income From House property

Income From Business

Income From Other Sources Capital Gain

3.What Is Your Income ?

Less Than Rs 3 Lakhs

Rs 3 lakhs To Rs 5 Lakhs

More Than Rs 5 lakhs

4.Did Your Tax Consultant Notify The numerous Provision And Submission? Yes

No

5.Whether Your Tax Consultant Timely caution You Regarding Tax Obligation ?
Yes No

6.How Did you Get Information About Tax?

Through Tax Consultant

Through Friends & Relatives

Through Media

7.What was Your Impression About The Fees Charged By Your Tax ?

Higher

Lower

Reasonable

Any Other

8.Do You Discuss Government s Annual Budget Provisions With Tax Consultant Before

Hand ‟ ?

Yes No

9.Does Your Tax Consultant Help You In Understanding The Impact Of Budget

Provisions On Your Tax Liability And Planning The Accordingly ? Yes

No

10. Reasons For Filling Return ? Regular Provision

Refund Claim

Carry Forward Of Loss

Notice From Income Tax Department

CHAPTER 9
 BIBLOGRAPHY
https://cleartax.in/s/which-itr-to-file

www.icai.org

www.accountingtools.com

tallysolutions.com

www.teachoo.com