INTERNSHIP LOGBOOK

B.Com / B.Com (Hons) / M.Com

MIT WPU SCHOOL OF COMMERCE

www.mitwpu.edu.in
 INTERNSHIP LOGBOOK

Dear Students,

Keeping an Internship Logbook

Why keep a diary?

o To keep a detailed history of your Internship Projects process as it unfolds;

o To track the development of your project skills and understanding;
o To provide a context for reflecting on your project and the problems it throws up;
o To enable you to have an overview of progress over a period of time;
o To provide a reference point for what happened when in the process.

Some overarching principles on the reflective process

The reflective cycle is a learning cycle. In this cycle, we start with an event or
experience. We note what happened, how we reacted to it, establish what we have
learned, and consider what we might take away from that learning and apply in the
project process. You can keep the following topics and questions at the back of your
mind to maintain this reflective focus in your diary:
 What happened: describe the event, experience, situation, or new knowledge;
 Feelings/reactions: what I felt about it, how I reacted;
 Evaluation: what’s good/useful, what’s bad/not so useful;
 Analysis: what can I do with this information? What might I keep, use or bear in
mind? How is it useful for the conclusion and solutions to the problems that are
identified?

 Conclusion: is there anything I might have done differently with this event /
experience / situation / new knowledge? Is there anything I’ve missed? Is there
more I need to do?
 Action step: are there any practical action steps that flow from this?

What to put in your diary - some examples:

 What you’ve done on a day-to-day basis, described in practical terms;

1
 INTERNSHIP LOGBOOK

 Factual accounts of things that you did, people you met and what they said, books
or papers that you read, meetings , visits you went to;
 Notes from discussions or useful conversations;
 Ideas that you might want to remember or follow up;
 Questions that you might want to explore, discuss or find out more about;
 Suggestions about reading, contacts, ways forward on problems;
 Reports of observations, experiments, events;
 Brainstorming notes or diagrams;
 Strategic plans for developing ideas or solving the problems;
 Personal views and opinions;
 Problem analysis;
 ‘To do’ lists or action plans.

How to keep your diary

 Keep your diary to hand – this is where the format you’ve chosen is important;
 Aim to make an entry every day you work on your project, or whenever
something useful that you want to remember comes up;
 Consider writing ‘daily’ as this helps with maintaining momentum , focused
approach and motivation;

All the best for your Internship!!!

2
 INTERNSHIP LOGBOOK

Internship Project Assessment

Internship Project is a full credit course with ELEVEN credits.

Digital Sign
Dr. Anjali Sane
HoS and Associate Dean
School of Commerce

3
 INTERNSHIP LOGBOOK

INTERNSHIP DAILY LOG ____________________

Student’s Name ISHA JOSEPH Mobile No. +91 7224844597

Roll. No. 1152190042 Programme T.Y.B.COM

Division A Email ID. ishajo10@gmail.com

Company Name NEXDIGM Address Pashan, Pune

Company Guide Details if Applicable:

Name/s Mobile No.

Email Id.

Day Date Today’s Task Learnings /Remarks/Comments

Basics of Transfer
1. 16 Dec 2021 Transfer pricing learning pricing

Transfer pricing Checklist Basics of transfer

2. 17 Dec 2021 and margin analysis pricing tool

Research about the

recent indian case
laws and global
Indian case laws and updates relating to
3. 20 Dec 2021 Global updates transfer pricing

I
 N
T
E
R
N
S
H
I
P

L
O
G
B
O
O
K

Day Date Today’s Task Learnings /Remarks/Comments

4. 21 Dec 2021 TP Report Preparation of transfer pricing report for client

5. 22 Dec 2021 TP Report Preparation of transfer pricing report for client

6. 23 Dec 2021 TP Report Preparation of transfer pricing report for client

7. 27 Dec 2021 TP Report Preparation of transfer pricing report for client

8. 28 Dec 2021 TP Report Preparation of transfer pricing report for client

9. 29 Dec 2021 TP Report Preparation of transfer pricing report for client

10. 30 Dec 2021 TP Report Preparation of transfer pricing report for client

TP Report and Web Preparation of transfer pricing report for client

11. 31 Dec 2021 review Web review for global benchmarking analysis

TP note and checking of

invoices and other details
12. 3 Jan 2022 for TP audit Requirements of TP audit

4 Jan 3022 Search upload and TP

13. checklist Operation of TP tool
5
 INTERNSHIP LOGBOOK

Day Date Today’s Task Learnings /Remarks/Comments

14. 5 Jan 2022 Search upload Operation of TP tool

15. 6 Jan 2022 Search upload Operation of TP tool

Preparation of LOR,
checking ledgers and Transfer Pricing Audit and checking the
16. 7 Jan 2022 invoices, analysis of FS requirements before audit

TP checklist and margin

17. 8 Jan 2022 analysis Operation of TP tool

TP audit, TP checklist and

18. 10 Jan 2022 margin analysis Operation of TP tool

19. 11 Jan 2022 TP audit checklist Operation of TP tool

Preparation of TP report Preparation of Transfer Pricing report and

20. 12 Jan 2022 and TP audit checking requirements of audit

TP audit, ledger
reconciliation, TP
21. 13 Jan 2022 Checklist, margin analysis Transfer pricing Audit and Operation of TP tool

Extraction data from tally,

checking invoices, web
review for global
22. 14 Jan 2022 benchmarking. Functioning of Tally and global benchmarking
.
Research on business
description for
benchmarking, checking of
sales and purchase Transfer Pricing Audit and research for the
23. 15 Jan 2022 invoices benchmarking for comparable companies

6
 INTERNSHIP LOGBOOK

Day Date Today’s Task Learnings /Remarks/Comments

Research on business
description for Research for the benchmarking for comparable
24. 18 Jan 2022 benchmarking companies

Research on business
description for Research for the benchmarking for comparable
25. 19 Jan 2022 benchmarking companies

Research on business
description for Research for the benchmarking for comparable
26. 20 Jan 2022 benchmarking companies

Business description and Research for the benchmarking for comparable

TP report companies and preparation of Transfer pricing
27. 21 Jan 2022 report

Form 3CEAA (masterfile)

on tool and IT portal Understanding about the form 3CEAA and its
28. 24 Jan 2022 requirements and filing of Income Tax portal

29. 25 Jan 2022 Form 3CEAA on IT portal Filing of form 3CEAA on IT portal.

Form 3CEAA on IT portal Filing of form 3CEAA on IT portal and

and preparation of TP preparation of Transfer Pricing report for the
30. 26 Jan 2022 report client

31. 27 Jan 2022 Form 3CEAA on IT portal Filing of form 3CEAA on IT portal.
Form 3CEAA on IT portal Filing of form 3CEAA on IT portal and
and preparation of TP preparation of Transfer Pricing report for the
32. 28 Jan 2022 report client
Preparation of Transfer Pricing Report for the
33. 29 Jan 2022 TP report client

7
 INTERNSHIP LOGBOOK

Day Date Today’s Task Learnings /Remarks/Comments

Form 3CEAA on IT portal Filing of form 3CEAA on IT portal and

and preparation of TP preparation of Transfer Pricing report for the
34. 31 Jan 2022 report client

Preparation of Transfer Pricing Report for the

35. 1 Feb 2022 TP report client

Form 3CEAA on IT portal Filing of form 3CEAA on IT portal and

and preparation of TP preparation of Transfer Pricing report for the
36. 2 Feb 2022 report client

Preparation of Transfer Pricing Report for the

37. 3 Feb 2022 TP report client

Form 3CEAA on IT portal Filing of form 3CEAA on IT portal and

and preparation of TP preparation of Transfer Pricing report for the
38. 4 Feb 2022 report client

Form 3CEB on IT portal Preview generation of form 3CEB on IT Portal

and preparation of TP and preparation of Transfer Pricing report for the
39. 5 Feb 2022 report client

Form 3CEAA on IT portal

and Form 3CEB on IT Preview generation of form 3CEB on IT Portal
40. 7 Feb 2022 portal and Filing of form 3CEAA on IT portal

Form 3CEB on IT portal Preview generation of form 3CEB on IT Portal

and preparation of TP and preparation of Transfer Pricing report for the
41. 8 Feb 2022 report client

Form 3CEAA on IT
portal, Form 3CEB on IT Filing of form 3CEAA on IT portal, preparation
portal and preparation of of Transfer Pricing report for the client and
42. 9 Feb 2022 TP report Filing of form 3CEB on IT portal

Form 3CEAA on IT
portal, Form 3CEB on IT Filing of form 3CEAA on IT portal, preparation
portal and preparation of of Transfer Pricing report for the client and
43. 10 Feb 2022 TP report Filing of form 3CEB on IT portal

8
8
 INTERNSHIP LOGBOOK

Day Date Today’s Task Learnings /Remarks/Comments

Form 3CEAA on IT
portal, Form 3CEB on IT Filing of form 3CEAA on IT portal, preparation
portal and preparation of of Transfer Pricing report for the client and
44. 11 Feb 2022 TP report Filing of form 3CEB on IT portal

Preparation of segmental
margins and Form 3CEB Working of segmental margins and Filing of
45. 12 Feb 2022 on IT portal form 3CEB on IT portal

46. 14 Feb 2022 Form 3CEB on IT portal Filing of form 3CEB on IT portal

Form 3CEAA on IT
portal and Form 3CEB on Preview generation of form 3CEB on IT Portal
47. 15 Feb 2022 IT portal and Filing of form 3CEAA on IT portal

Analysis of previous
contract prices and
contract management
48. 15 Mar 2022 work Contract Management

Preparation of margins
and segmental margins of
comparable companies.
Preparation of benchmark
49. 16 Mar2022 margins Computation of margins and segmental margins

Preparation of margins
and segmental margins of Computation of margins and segmental margins
comparable companies. and preparation of Transfer Pricing report for the
50. 17 Mar 2022 Preparation of TP Report. client

Preparation of Transfer Pricing Report for the

51. 21 Mar2022 TP report client

Preparation of Transfer Pricing Report for the

52. 22 Mar2022 TP report client

Research on business
description for Research for the benchmarking for comparable
53. 23 Mar2022 benchmarking process. companies

9
INTERNSHIP LOGBOOK

Day Date Today’s Task Learnings /Remarks/Comments

TP report and research

on recent Indian case Review and research. Preparation of Transfer
54. 24 Mar 2022 laws and global updates Pricing report for the client

Reviewing of the
business description of
55. 25 Mar 2022 the companies Disposition of the companies

Global benchmarking Computation of gross margins of the

and gross margin comparable companies and global
56. 28 Mar 2022 computation benchmarking analysis

Margin Computation Computation of gross margins of the

and web review for comparable companies and global
57. 29 Mar 2022 global benchmarking benchmarking analysis

web review for global

58. 30 Mar 2022 benchmarking global benchmarking analysis

Margin computation of the comparable

Margin computation and companies for global benchmarking and
59. 31 Mar 2022 report preparation preparation of Reports

Preparation of Transfer pricing report for the

60. 1 April 2022 TP Report client

Date of Starting Date of Completion

Internship: Internship:

Total Number of days Total Number of days

[Inclusive of Holidays] [Excluding Holidays]

Signature of Student

Signature of Company
Authority
IP LOGBOOK

10.