School of Business and Management

Internship Diary
Academic Year 2023-24

Name of the Student: Tanya

Register Number: 2221228

Class: 4BBA B

Contact (Mobile No): 9478438495

Email Id: tanya.bharat@bba.christuniversity.in

 Internship Details

Name of the Organization: International Tractors Ltd. (Sonalika)

Address: Sonalika Group, Hoshiarpur, National Highway 70, Chak

Gujran, Punjab, 146022

Duration of the Internship: 6 weeks

Company Supervisor

Name: Vishal Gupta

Designation: Chartered Accountant

Contact Number: 9914327275

Email Id: info.vishalg@gmail.com

 Weekly Report (Week No: 6)

Week No: 6 Dates From 16th May 2024 To: 27th June 2024

Day 1 of the Week - Activities Performed in the Organization:

A research was conducted on market trends and industry benchmarks in

which I collected and analyzed data on competitors’ financial performance. In
the end, I created a comprehensive market research report summarizing
findings and potential implications for the company.

Day 2 of the Week – Activities Performed in the Organization:

On the second day, we created a comprehensive PowerPoint presentation on

Direct Tax and its implications for the company. This presentation delves into
the fundamentals of direct taxation, focusing on corporate income tax, which is
a crucial aspect for businesses. It covers the definition and types of direct
taxes, the tax calculation process, applicable rates, and the filing requirements.
We also discussed the tax deduction and exemption provisions, advance tax
payments, and the implications of non-compliance. Additionally, the
presentation includes practical examples, recent changes in tax laws, and best
practices for efficient tax management within the company.
Day 3 of the Week - Activities Performed in the Organization:

I was tasked with creating PowerPoint presentations for future interns on specific
topics. The PPT was prepared explain how GST (Goods and Services Tax) operates
within a company. The presentation covers the fundamentals of GST, including
its definition, types (CGST, SGST, IGST, UTGST), the registration process, HSN ,
different GST slabs, invoicing requirements, filing GST returns, the input tax
credit mechanism, and the payment process. Additionally, it addresses the
impact of GST on business operations, common challenges faced by companies,
and practical solutions to ensure compliance and efficient management of GST-
related tasks.

Day 4 of the Week - Activities Performed in the Organization:

In the last two days of my tenure at the firm, I had the opportunity to reflect on
my experiences and share time with my seniors and colleagues. They generously
offered valuable insights and guidance about the future. During this period, I
also enjoyed my time at the workplace by playing games Overall, my time at the
company was enriching, and I learned many important lessons.

Day 5 of the Week - Activities Performed in the Organization:

The company gave me a warm and sweet farewell, which was truly heartwarming
and made me feel valued and appreciated. The thoughtful gestures, kind words,
and genuine expressions of gratitude from my colleagues and superiors touched
me deeply. It was a memorable send-off that highlighted the strong bonds and
positive relationships I had built during my time there.

As I move forward, I carry with me the knowledge and experiences gained,

confident that they will serve as a strong foundation for my future endeavors. The
skills I have developed, the insights I have acquired, and the lessons I have
learned will undoubtedly guide me in my professional journey ahead.
Learning from the week:

Market Research: Enhanced skills in collecting and analyzing data on market

trends and competitors' financial performance.
Report Preparation: Gained experience in creating comprehensive market
research reports summarizing findings and implications.
Direct Tax Knowledge: Developed an in-depth understanding of direct taxation,
focusing on corporate income tax and its implications for businesses.
Presentation Skills: Improved ability to create detailed PowerPoint presentations
on complex tax topics for educational and professional purposes.