Veer Bahadur Singh Purvanchal University, Jaunpur

Department of Financial Studies

Session: 2023-24
Summer Training Presentation on:
“A study on Income Tax and G.S.T filing at A.S Suterwala & Co. Chartered
Accountants”
Submitted for the partial fulfillment of the requirement
for the award of Master of Business Administration (M.B.A) degree in (Finance & Control)

Presented to: Presented by:

Co-ordinator, Mubashshir Mehdi Syed
Training and Placement Cell M.B.A (F&C), 3RD Semester
Roll no.: 22001219029
 Table of Content
Sr. No. Topics

1 Company Profile

2 About Reaserch

3 Overview on Goods and Services Tax (G.S.T)

4 Overview on Income Tax

5 Findings

6 Conclusion
Company Profile
About the Company

Leading chartered accountancy firm.

Rendering comprehensive professional

services which includes audit, management
consultancy, tax consultancy, accounting
services, secretarial services etc.

Regd. Off.: Mazagaon, Mumbai

Masjid Bunder, Mumbai
 Firm’s Vision & Philosophy

Firm’s Vision : Firm’s Philosophy

Future growth and Tailor our services to
development of
financial markets and meet client’s specific
services and research to needs and banish the
stay ahead of these ‘one-size-fits-all’
trends and standardization.
developments.
 Services Offering

Company Registration

GST Registration Tally Accounting

GST Returns Statutory Audit

Income Tax (Salaried) Tax Audit

Income Tax (Business) Internal Audit

About Research
 Objectives of the study

To gain insight into the corporate world of A.S Suterwala And Co. Chartered
Accountants.

To study deeply about different types of taxes, how there returns are filed and
how to use loopholes for tax avoidance.

To analyze different departments and understand there work behavior as well as

there co-ordination among different departments.

To develop time management skill and the ability to handle responsibility for
more then one project.
 04
Research Methodology

Reasearch Data
Limitations
Design Sources

Conceptual Limited
Primary and time period
discussion
Secondary and busy
research
data sources schedule of
approach
staff.
 02
Works assigned during internship period

Understanding and Paperwork needed for tax

analysis of tax returns returns filing.
filing portals.

Research on different Get feedback and solve

taxes. queries of clients
Overview on Goods and
Services Tax (G.S.T)
 04
What is Goods and Services Tax ?

One indirect tax for the entire country

C.G.S.T
Act, 20 17 One Nation, One Tax

Destination based tax on consumption of

goods and services
Filing of G.S.T Return
Overview on Income Tax
 What is Income Tax ?

Direct Tax levied on taxpayers

Income
Tax Act,
Central government charges income tax
1961

Used to fund public services, pay

government obligations, and provide goods
for citizens.
Filing of Income Tax
Findings
 Key Findings

Great team work and co-ordination between different departments of the firm.

Lowering their tax liability through tax planning.

Identify and solve clients concerns or dissatisfaction.

Stay updated about the changes in the tax laws.

Conclusion
THANK YOU