2.

INTRODUCTION

E-filing is the powerful tool that can deliver significant social and economic benefits. It can
provide a strong support to the government for good governance and large population to
pay their liabilities to the government effectively. Electronic filing, or e-filing, refers to the
process of filing one’s taxes electronically, using online software approved by the relevant
tax authority of the respective country.

ADVANTAGES

Convenient and flexible, Saves time and money, Increased accuracy.

DISADVANTAGES

Complicated software, Security

3. ABOUT COMPANY

The firm “AJIT MURARKA & ASSOCIATES” was set up in the year 2003 by CA. AJIT KUMAR
MURARKA who have more than 20 years of experience in the profession.

It’s team of experienced professionals provide financial solutions in a manner where client
satisfaction is top priority.

The Company Focuses to provide quality services in the areas of Accountancy, Auditing,
Taxation, Special Company Work, Audit Investigation, GST Compliance, Training, New GST
registration. Applying for New/Renewal of FSSAI License and Export & Import License,
Drafting of legal documents.

4. CUSTOMERS

 Its Income Tax & Audit client list includes domestic entities of various sizes from
different industries, like Company, Firm, Trust, Society, Proprietorship Concern,
Individual, Schools, Partnership Firms etc. 
 Filing of GST Returns including Annual Returns (For Regular Dealer, Composite
Dealer, etc.)
 Clientele is expanded in cities like Delhi, Kolkata, Siliguri, Darjeeling, Kalimpong,
Jalpaiguri, Gangtok, Kurseong.

5. COMPETITORS

According to the Ethics of ICSI, it doesn't allow Charter Accountant to see other CA as
a competitor. And they also can’t socialized or Advertise their own firm is not
permitted as per the rule of ICSI.
6. ENVIRONMENT
 Proper Training and good working facilities are the main advantages of the Management.
 AJIT MURARKA & ASSOCIATES having an open environment work culture, you can
go to any leader if you facing any issue with in your project, they will help you for sure.
 Flexibility may depend to the kind of task you are assigned but they will give you proper
work life balance.
 There is no strict rule, friendly environment.
 The firm specifically focuses to bring and maintain a collaborative work environment at
its offices.
 The firm also ensures that its interns and articles go through a proper learning process
and
understand actual work and get sufficient working exposure.
6. TECHNOLOGY
Technology helps the CAs in revenue maximization and cost optimization. It assists in building
efficiencies to improve productivity, reduce cost and maximize profits. Relevant technologies
and applications equip professionals with intelligence to improve process, reap business benefits
& remain competitive & relevant.
The entire work of the organization is computerized. The firm also uses specialized software’s
for Accounting, Tax Advisory, Financial Analysis etc. The firm also has subscriptions to Income
Tax, GST and Corporate Tax Libraries to ensure timely availability of latest case laws,
notifications and amendments. Software Providers include Tally Prime, Busy, KDK Spectrum,
Microsoft excel Microsoft word, etc.

7. OBJECTIVE OF THE STUDY

The main objective was to know about the perception of income taxpayers towards electronic
filing. And to also know about the income taxpayer’s problems towards electronic filing. The
another main objective was understand about the satisfaction level and risk of the income
taxpayers toward electronic filing as No database is fully protected which leads to leakage of
information or data breach. To know about the awareness level of taxpayer.
8. TARGET/TASK ASSIGNED & ACHIEVEMENT
In the course of my internship in a CA Firm under AJIT MURARKA & ASSOCIATES, I was
assigned with many targets to achieve in order to enhance my knowledge, few prominent targets
being: Firstly, i was assigned with recording and reconciliation of bank statement of individual
client in an accounting software( tally) Secondly, in order to gain knowledge about the process
of auditing of an individual and partnership firm, i was assigned with the task to duly inspect the
financial records and accounts of the concerned firms. Consequently, i was assisted in recording ,
auditing and preparation of audit reports of different clients. As a task , the firm taught me to to
prepare the computation sheet of salaried employees. It also helped me to gain knowledge about
the KDK software and its features. Preparation of balance sheet and recording necessary
additional information in KDK software for the preparation of final Computation sheet and final
account (i.e., Personal Capital A/c, Statement of Affairs, etc.) was a part of my internship as well
6. In addition to this i was assisted in preparation of 3 CD tax audit report of partnership firm and
recording of necessary additional financial information in KDK software. 7. Lastly, as a
part of my internship i was assisted with various provisions related to the GST filing ; the
process of new GST registration & how to apply for import and export license. In addition to this
i capitulated an overall knowledge about GST returns and process of filling GST return of
composition dealer and regular dealer. And Preparation of audit report and filling of income tax
return of Audit firms.
9. SWOT
All the work should be accurate and well précised which is the foremost objective of the firm.
This precision leads to diverse client approach. The firm has clients not only from Siliguri but
also from the nearby areas like Kalimpong, Sikkim, Duars etc. The work environment is very
friendly and before doing anything new we are first taught about the basics of that theoretically
which helps us to implement them practically more easily. The firm is very supportive towards
it’s employees which helps the employee works in a good and sound environment which increase
the efforts which the employee gives towards his/her work and projects.
According to the code of conduct of ISCI CA are not allowed to promote themselves which leads
to hinderness in their client approach. The firm doesn’t have its own official website and in a
modern era like today where everyone wants an information over the net it can be a liability for
the firm. The entire works is staff dependent since the employee have to manually enter all the
information in the software before beginning the tax filling procedure which can be time
consuming and needs a lot of man power.

10. HURDELS FACED

• Due to lack of financial data and incomplete information by the clients

the final accounts remain incomplete. And when the deadline approaches,
they start giving all the relevant information to avoid penalty or late fee
which leads to sudden increase the number files which increases the work
pressure.
• Due to digitalisation of entire work I have to continuously sit in front of
the computer for almost 7 hours which leads to backpain, Postural
deformity and eye related issues.
11. CONCLUSION

I learnt in depth knowledge about various financial terms and how are they implemented
and are related to our day to day lives. What are their benefits and how can they be
beneficial for us in the long run. It also gave me ample of opportunities to develop
leadership qualities, team management skills, time management qualities and taught me
the importance of corporation. Apart from the practical knowledge I gained a lot of
theoretical knowledge about the topics which can prove to be valuable for me in the near
future. I developed technological skills and got a chance to learn and use various software’s
like kdk spectrum, tally, excel etc. In total this helped me attain a wholesome development
in all fields whether it be technically, theoretically, practically or mentally.