Articleship Intern
L.K.Saraf & Co.
Kolkata
Some of my major assignments during articleship while working as a taxation and audit assistant are: Statutory Audit & Internal Audit• Union Bank of India• Tirrihannah Tea Co. Limited• Forging (India) Iron & Steel LimitedNature of Work Undertaken• Thorough understanding of Client’s Business Process and planning the Audit assignment. • Identification, Verification of controls present and suggesting areas of improvement. • Compliance with requirement of schedule VI of the Companies Act, 1956.• Compliance with Accounting Standards.• Verification and Vouching of crucial Expenses and Preparation and review of various reconciliation statement e.g. BRS, Stock and various other aspects.• Drafting Audit Reports as per the reporting requirements of Companies Audit Report Order, 2003 (CARO). Taxation Audit & Direct Taxation• Small Industries Development Bank of India• The Jammu & Kashmir Bank• Sea Lord Hotel & Restaurant,PuriNature of Work Undertaken • Preparation of Audit Plan and ensure completion of the same with in the time• Compliance with the provisions of Income Tax Act, 1961 and preparation of Tax Audit Report.• Preparation and filing of Income Tax computation of Individuals, Firms, HUF, and Companies.• Service Tax Computations, Return filing and working on Cenvat Credit. • Providing consultancy services regarding Taxation issues to Clients.• Preparation and Revision of TDS Returns.• Handled TDS default notices & correction statements of Various Banks & SMEs• Representation before the ITO, filing of appeals before CIT (A) and preparing for the submissions. Other Assignments• Managing subordinates for various audit assignments for systematic audit plan.• Compliance of filing of ROC forms and annual filing of accounts of company.• Formation of New Company & Application of DIN• VAT Audit and filing of VAT Returns.
