BALWANT COLLEGE,

VITA

 NAME : SOFIA RAHIMBAKSHA PATEL.

 STANDARD : M.COM – Ⅰ.

 SEMESTER : Ⅱ.

 PRN : 2024029988.

DATE : __________ SIGNATURE : __________

ON THE JOB TRAINING REPORT
ON

“Share Market Consultation”.

Internship Report Submitted To

BALWANT COLLEGE, VITA

For The Degree

Master of Commerce
(In Subject of Advanced Taxation)
In

Shivaji University of Kolhapur

Prepared By

Sofia Rahimbaksha Patel

(M.COM Part – Ⅰ SEMESTER – Ⅱ)

Under The Guidance Of

Mrs. Rani Kiradat

Study Center

Balwant College, Vita

 On The Job Training Report

On

“SHARE MARKET CONSULTATION”

Prepared By

Miss. SOFIA RAHIMBAKSHA PATEL

( M.com Part - Ⅰ, Semester - Ⅱ)

Under The Guidance Of

Prof. Mrs. RANI KIRADAT

And Under The Internship Of

Mr. SHAKTI U. PAWAR (CHARATERD ACCOUNTANT)

(B.com, FCA)

In The Organisation

M/S. SHAKTI PAWAR AND CO.

For The Period Of

FROM THE (DATE) 12/12/2024 TO THE (DATE) 7/1/2025

FOR 22 DAYS AND FOR 132 HOURS
Submitted To

BALWANT COLLEGE, VITA

Academic Year 2025-26

 DECLARATION

I am Sofia Rahimbaksha Patel hereby declare that the internship report with reference to “M/s SHAKTI
PAWAR AND COMPANY” prepared by me under the guidance of prof Mrs. Rani Kiradat, Faculty of
M.Com Department of Commerce and Management and external mentor by Chartered Accountant (CA) Mr.
Shakti U. Pawar CA of the company.

I also declare that this internship work is towards the partial fulfilment of the university regulations for
the award of degree of Masters in Commerce by Shivaji University, Kolhapur.

I have undergone Internship for a period of 22 days and for 132 hours. I further declare that this report is
based on the original study undertaken by me and has not been submitted for the award of any degree/diploma
from any other college/university.

Date :

Place : Miss. Sofia Rahimbaksha Patel

 ON THE JOB TRAINING REQUEST LETTER

College Letterhead

To,

CA, Mr. Shakti Pawar,

Shree Plaza, First Floor,

Near Hutatma Bank, Karad Road,

Vita – 415311,

Tal – Khanapur, Dist – Sangli,

Sub – Request to grant permission for On The Job Training

Sir,

Our college is running M.Com Programme of Shivaji University Kolhapur. As per National Education
Policy 2020, the university has revised the structure of the said programme and included ‘On The Job Training’
as an integral part of the programme. Every student has to complete On The Job Training of 120 hours and
submit its report.

I request you kindly grant permission to Miss. Sofia Rahimbaksha Patel, student of our college for On
The Job Training. I assure that her behaviour during the period of training will be good and she will try to her
level best to seek the proper training from you and your staff.

We also request you to cooperate, help and guide her during the period of training and preparation of
report.

Thanking you and expecting your cooperation.

Sincerely yours,

Signature of the Programme Coordinator/HOD

Name of the Programme Coordinator/HOD

Seal
 CERTIFICATE OF EXTERNAL MENTOR
LETTER HEAD
To whom so ever it may concern,

This is to certify that, Miss. Sofia Rahimbaksha Patel of M.Com Ⅰ student of Balwant College, Vita
was appointed as Trainee and was assigned work of ‘Share Market Consultanat’ sections as------------

She has satisfactorily carried out work allotted to her from time to time she has worked 22 days and
totally for 132 hours.

During the period of On The Job Training she has maintained good record of attendance, good relations
with staff and colleagues as well as shown keen interest in learning.

We wish her every success in her education, career and life.

Date :

Place : Vita Signature of Mentor

CA Mr. Shakti Pawar

Designation of Mentor

Seal
 CERTIFICATE OF INTERNAL GUIDE

This is to certify that Miss. Sofia Rahimbaksha Patel of M.Com. Ⅰ student of Balwant College, Vita
has worked under my guidance and satisfactorily completed On The Job Training and prepared the report as per
the guidelines of the university for the fulfilment of M.Com. Degree.

She has worked in the M/s Shakti Pawar And Company for the period of 22 days and for 132 hours.

As per the record and information provided by her work is satisfactory and based on her actual working
in the said organisation.

Date :

Place : Vita Signature of Internal Guide

Mrs. Rani Kiradat.

 ACKNOWLEDGEMENT

Considering the restrictions on a student it was a big task to complete On The Job Training. It cannot be
completed without active support and help of the college. M/s Shakti Pawar and Company and other persons.
I would be failing in my duty if their help, support and cooperation ace not acknowledged.

From the soul and a profound sense of gratitude and indebtedects I express may humble thanks to my
internal guide prof Mrs. Rani Kiradat mam and external mentor Chartered Accountant (CA) Mr. Shakti
Pawar sir, for their valuable, guidance and support. They are guided and supervised my work in a disciplined
and systematic manner. I envy their kind cooperation.

It is my prime duty to express a sense of gratitude to the Principal of the college. (numa ef the
Principal), Dr. Shreya Vinay Patil, Head of Department of Commerce / Management, Assistant Profession and
all the teachers working in the department for their encouragement.

I must acknowledge gratefully the help received from the authorities of the organisation, officers and
executives and staff of the organisation. (you can mention the names)

I am extremely grateful Miss Sudha Kamble, Miss Vaishnavi Honrao and Mrs Ranjna Bagal mam
who encouraged and helped me before, during and after On The Job Training. I am heartily thankful to my
friends Miss Ekata Kokate, Miss Renuka Jadhav and Miss Sakshi Thorat who actively supported by all
colleagues to complete the work.

I am also thankful to Speed net branch for printing and binding the report neatly.

I also extend my profound gratitude to my mother Mrs Shahin Patel who always have been a source of
encouragement to me.

I thanks all those who directly or indirectly helped me to complete On The Job Training.

Date :

Place : Vita Miss. Sofia Rahimbaksha Patel.

 EVALUATION OF INTERNSHIP

Sr. Maximum
Criterion for Evaluation
No Marks

1 Attendance and Engagement 10

2 Relevance of On The Job Training with curriculum 10

3 Responsibilities handled during On The Job Training 20

4 Skills acquired during On The Job Training 20

5 Contribution of Trainee to the organisation 20

6 On The Job Training Report 20

Total 100
 TABLE OF CONTENTS

Sr. No Index Page No

INTRODUCTION:
 Introduction
1  Attendance and Engagement
 Relevance of On The Job Training with curriculum

PROFILE OF THE ORGANISATION

2

DETAILS OF WORK DONE DURING THE INTERNSHIP :

 Key Learning
3
 Skills acquired during the internship
 Responsibilities handled during the internship
PROBLEM FACED DURING THE INTERNSHIP, SOLUTION PROVIDED
4 ON THESE PROBLEMS, ANY SIGNIFICANT CONTRIBUTION TO THE
ORGANISATION
CONCLUSION
5
 INTRODUCTION

1.0 INTRODUCTION :

Internship is an On The Job training programme offered to student to balance the gap between class
room theories and industry expectations. It is an on field training programme, which may last from 120 hours
period. During the internship period, the candidate may be paid or not paid with monetary benefits for the
services rendered by him, but definitely compensated with work experience and real life learning that benefits
his career in the long run.

An internship is a training opportunity which is provided to student, such as graduates or post graduates,
to seek and feel the actual work experience and corporate culture before they enter any sector as working
professionals. Internship programme is one of the types of on job training programme, were the student gets a
chance to experience the working environment, gets trained to the practical work exposure, sees
implementation of class room theories in the work field and identifying the difference, coming with an
appropriate opinion to overcome such gaps which indirectly benefits the university or college to know the
actual requirements of industry, and making necessary changes in academics according to the industry needs so
that students benefit with better outcomes. Internship is a great opportunity even to employers to recognise the
talents in the market, as in the competitive environment and high rate of unemployment, finding a right person
for a right job has become a difficult task. This indirectly makes internship programme effective as the
employer can see a candidate’s potential and dedication towards his work and his skills, strengths, weakness,
etc. throughout the internship period. An employer can encourage the right and eligible candidates with pre –
placement offer which will help his organisation to hire a suitable candidate who can contribute to the
organisation well.

2.0 OBJECTIVES OF INTERNSHIP PROGRAMME :

I choose to work with M/s. Shakti Pawar and Company for my internship programme. During this
internship, I have learnt many new skills and got an opportunity to explore corporate world. Before I only had
theoretical knowledge about work in organisation but now I have gained more of practical working experience.
Now I have knowledge about the organisation’s working environment and how organisation’s work and
achieve their goals and objectives. This internship has also provided me with the better understanding of
business and also about the elements of strategic thinking, planning and implementation and how these things
are applied in a real world organisation environment.
1. Primary Objectives :
 Practical Training :
To provide students with practical training and exposure to the accounting and auditing profession.
 Hands – on Experience :
 To give students/trainee hands – on experience in auditing, taxation, financial reporting and other areas
of accounting.
 Development of Skills :
To help interns develop essential skills such as communication, teamwork and problem solving.
2. Secondary Objectives :
 Exposure to Industry Practices :
To exposure students to industry practices, procedures and standards.
 Understanding of Professional Ethics :
To help students/trainee understand the importance of professional ethics and code of conduct.
 Development of Professional Relationship :
To helps students develop professional relationships with colleagues, clients and other stakeholders.
3. Learning Outcomes :
 Technical Skills :
To acquire technical skills in areas such as auditing, taxation and financial reporting.
 Soft Skills :
To develop soft skills such as communication, teamwork and time management.
 Professionalism :
To develop a professional attitude, including integrity, objectivity and independence.
4. Developmental Objectives :
 Self – reflection and Self – awareness :
To encourage students / interns to reflect on their experiences, strengths and weaknesses and develop
self – awareness.
 Professional Identity Formation :
To help students / interns develop a professional identity and understand their role as future chartered
accountants.
 Emotional Intelligence Development :
To help students develop emotional intelligence, including self – awareness, empathy and social skills.
5. Integrative Objective :
 Integration of Theory and Practice :
To help students integrate theoretical concepts learned in the classroom with practical experiences
gained during the internship.
 Connection of Accounting Concepts to Real – World Scenarios :
To help students understand how accounting concepts are applied in real – world scenarios.
 Development of Critical Thinking and Problem Solving Skills :
To help students develop critical thinking and problem solving skills by applying theoretical concepts to
practical problems.
6. Transformational Objectives :
 Transformation from Students to Professional :
 To facilitate the transformation of students into professionals, with a deep understanding of the
accounting profession and its ethical standards.
 Development of a Professional Maindset :
To help students develop a professional maindset, including a commitment to lifelong learning,
professional development and ethical conduct.
 Preparation for Future Challenges :
To prepare students for future challenges in the accounting profession, including changes in technology,
regulations and industry practices.
7. Reflective Objectives :
 Reflection on Learning Experiences :
To encourage students to reflect on their learning experiences during the internship and identify areas
for improvement.
 Evaluation of Personal Growth :
To help students evaluate their personal growth and development during the internship.
 Identification of Areas for Future :
To help students identify areas for future development and create a plan for on going learning and
professional development.

Following are the objectives that I have in my mind before working as an trainee :
 To improve communication skills.
 To learn more than the theoretical knowledge.
 To learn book keeping practices of different companies.
 To compare practical aspects with theoretical aspects.
 To enhance my personal knowledge and professional preparation for future.
 Develop a solid work ethics and professional manner as well as commitment to ethical conduct
and social responsibility.
 To make quick decision in real situation.
 To properly integrate my theoretical knowledge and practical work.
 Develop time management skills and the ability to be responsible for more than one project at a
time.
 Develop organisational skills to complete the project in a timely manner.

3.0 RELEVANCE OF ON THE JOB TRAINING WITH CURRICULUM :

On Jon Training (OJT), is a hands on method of teaching the kills, knowledge, competencies
needed to perform a specific job within the workplace. Students learn the job in actual working site in real life
situation and not in the simulated environment. They learn in an environment where they will need to practice
the knowledge and skills obtained during their training. OJT uses the existing workplace tools, machines,
documents, equipment and knowledge to teach an employee how to effectively do their job. The emphasis is
placed on rendering services in the most effective manner rather than learning how to perform the job.

This training is provided by the co – worker, training manager or professional trainers. The motive
of On The Job Training is to train the workers on a certain skill set, which they will use in day – to – day tasks.
It allows students to gain experience working in situations very similar to those they’ll encounter on a
equipment they need for their job while being guided by an experienced trainer or manager.

3.1 BENEFIT TO INTERNS :

1. Systematic Learning :
OJT focuses on hands on experiences with tools and technique rather than theoretical knowledge,
which helps trainees to understand industry practices and processes. The trainees can try out the tasks on their
own and clear their doubts, while being supervised by the trainer.
2. Professional Orientation :
Training on the job is given to the student at the work locations, which makes it easy for them to
connect with their co – workers, and employers. Moreover, they become more familiar with the work place and
work culture of the company that enhances the professional orientation. These include company hierarchy,
dress code, safety practices, industry jargon, productivity expectations and working relationships with
colleagues.
3. Quick Productivity :
Industry or any workplace wants to on board new employees as soon as possible rather than
wasting their resources on bench. OJT helps students/trainees to learn quickly and gives hands on experience at
their working location itself. This also helps the company to on board them as per their requirement and
eliminates the bench time.
4. Feedback Driven Growth :
During OJT, all the things are supervised under a senior employee who guide students/trainees
and provide feedback as per performance. These feedback are very valuable to improve the skills, as it is given
by someone who already has hands on knowledge and experience of the tools and technique.
5. Employment Readiness :
In OJT, the students/trainees get an opportunity for active participation in service or production
related profession activities complying with the organisational culture. It shapes and assures their overall
employability aspects after they complete the programme. Always they remain as the first choice for the
industries because of their immediate productivity at the workplace. They are considered as trained and
experienced.
 PROFILE OF THE ORGANISATION

1.0 INTRODUCTION OF THE ORGANISATION/COMPANY :

This report is a description of my 132 hours internship carried out as mandatory component for partial
fulfilment of the requirement for the award of degree Masters of Commerce (Advanced taxation). There are
several purposes for this report. I would like to use this report writing chance to practically increase my
knowledge of taxation. This report also acts as a historical record of my internship experience. I was able to
consider the professional facets of the internship experience and the abilities I have acquired while writing this
report.
My attitude and behaviour have evolved as a result of dealing with various types of people and
circumstance. Since my interest lies in the ‘share market consultation’ handling service sector, I was excited
to be a part of the Chartered Accountant M/s Shakti Pawar and Co (CA Associates) Internship. It is
undertaken by candidates who are pursuing college degree and are in the second penultimate year of study. I
was equally excited to be a part of the Taxations team since it deals with Periodic Reconciliation of bank
statements, Preparation of Financial statements and Filing Income Tax Return, Tax Deducted at Source, Tax
Collected at Source, GST Registration.
2.0 ORGANISATION/COMPANY PROFILE :

 M/s SHAKTI PAWAR AND COMPANY (Chartered Accountant)

 CA. Mr. Shakti Pawar. (B. com, FCA) (Founder and Owner of the Company)
 Address : S.No.617/2A, Shree Plaza, First Floor, Near Hutatma Bank, Karad Road, Vita – 415311,
Dist – Sangli.
 Phone No – +8999639088, +8796733068
 E - Mail ID – [email protected] , [email protected]
 Established in March 2020–21
 Industry Type – Proprietorships

M/s Shakti Pawar And Company is a chartered accountancy firm rendering comprehensive
professional services like audit, accounting services, management consultancy, share market investments
consultancy, tax consultancy and more. It is a firm consisting of chartered accountant and other financial
experts. The firms aim in providing sound financial services to their clients and assisting them in their business
operations and growth.

The company’s first office was started in vita and second office was started in Atpadi it was started by
 CA Mr. Shakti U. Pawar, in March 2020 and Mr. Shakti U. Pawar he is a founder, owner and proprietor of
this firm. It has been able to create long lasting relationship with their clients through loyalty and trust. They
help their clients to achieve their commercial and personal goals, this enables M/s Shakti Pawar and Company
to match capabilities with those needed by our customer or meet the challenges of tomorrow market place. It is
a company which deals in taxation.

2.1 SERVICE OFFERED IN COMPANY :

1. Company Registration :
The most common business composition is to register a Pvt. Ltd. Company. Company registration will
enables limiting the person liability of promoters to the extent of paid up capital. Promoters have to get DIN
and check availability of the company name. Is the primary process by which business owners establish or
incorporate their company. The process enables us to set a mark of reputation among its customers and the
stakeholders.
2. One Person Company :
Register one – person company (u/s 2 (62) of companies Act 2013) for quick start of your business
within reasonable fees by experienced CA firms
3. LLP Registration :
Limited Liability Partnership (LLP) has benefit of the company registration and easiness of partnership.
It is apt for small businesses.
4. GST Registration :
Registration of any business entity under the GST Law implies obtaining a unique number from the
concerned tax authorities for the purpose of collecting tax on behalf of the government and to avail Input tax
credit for the taxes on his inward supplies.
5. Project Financing :
Helping the potential business to prepare project reports for loan financing to ensure that they get best
eligible amount in shortest time.
4. GST Returns :
GST return is a document that will contain all the details of company sales, purchase, along with taxes.
Once we file GST returns, we need to pay the resulting tax liability.
5. TDS Returns :
Income tax requires TDS deduction file the TDS return on periodic basis by mentioning TAN no.
6. Income Tax (Salaried and Business) :
Income tax return of salaried employee can be field with help of form 16 and form 16A. Form 26 AS
will help you in getting information about TDS on salary. In CA firm they can help the clients for better tax
planning and reduce the TDS.
Income Tax return filing is requirement of Income Tax Act for companies / businesses. Tax Audit
Report helps in compliance of income tax laws. In CA firm they can help in reducing non - compliance of
income tax laws.
 7. Tally Accounting :
Tally is most used accounting software and with the help of that CA handles the accounting of different
businesses.
8. Auditing :
An audit is independent examination of financial information of any entity, whether profit oriented or
not and irrespective of its size or legal form, when such examination is conducted with a view to expressing an
opinion there on. They conduct financial audits to assess the accuracy and reliability of financial records,
ensuring compliance with accounting standards and regulations.
9. Financial Management :
CA manage financial system, budgets and prepare financial statements, ensuring accurate and reliable
financial reporting and also preparing financial statements, including monthly and annual accounts and
compliance with accounting standards.
10. Advisory Services :
They provides financial advice to businesses and individuals, helping them make informed decisions
about investments, financing and other financial matters.
11. Business Consulting :
Advising businesses on financial strategies, improving operational efficiency and Implementing new
technologies to enhance financial performance.
12. Investment Advisory Services :
CA can analyse a client’s existing portfolio and provide recommendations for optimization and they can
help clients develop a tailored investment strategy based on their risk tolerance, investment goals and time
horizon and they can also provide research based recommendation on individual stocks, sectors or asset classes.
13. Liaising With Auditor :
Working with internal and external auditors to ensure compliance with accounting standards and
regulations.
14. Maintaining Accounting Records :
Keeping accurate and up – to – date accounting records, ensuring proper documentation and segregation
of duties
15. Budgeting And Forecasting :
Developing and managing budgets, forecasting financial performance and analysing variances to ensure
financial stability.

2.2 CORPORATE SERVICES OFFERED IN COMPANY :

 Incorporation of company.
 Consultancy and company law matters.
 Advisory, Planning for Mergers, Acquisitions, De – mergers and Corporate re – organisations.
 Filing of annual returns ad various forms, documents.
  Clause 49 review for compliance with fiscal, corporate and tax laws.
 Secretarial Matters including share transfers.
 Maintenance of Statutory records.
 Consultancy Services on Public/Rights/Bonus Issue of Shares.
 Changes of Name, Objects, Registered office, etc.

2.3 TYPES OF CLIENTS IN COMPANY :

1. Individual Clients :
 Salaried individuals :
Employees who require tax planning, return filing and other personal financial services.
 Business owners :
Proprietors, partners or directors of small businesses who need accounting, auditing and tax
services.
 High net worth individuals :
Wealthy individuals who require specialized services like wealth management, tax planning and
estate planning.
2. Corporate Clients :
 Small and medium – sized enterprises (SMEs) :
Private limited companies, partnerships or proprietorships that require accounting, auditing,
taxation and other compliance services.
 Large corporations :
Public limited companies, multinational corporations or listed entities that require complex
accounting, auditing, taxation and consulting services.
 Start – ups :
New business that require guidance on setting up their accounting systems, tax planning and
funding.
3. Non – Corporate Clients :
 Non – profit organisations :
Charitable trust, societies or associations that require accounting, auditing ad tax services.
 Government agencies :
Local, state or central government departments that require accounting, auditing and consulting
services.
 Co – operative societies :
Members – owned businesses that require accounting, auditing and tax services.
4. Specialised Clients :
 Export – import businesses :
Companies involved in international trade that require specialised services like export – import
documentation, taxation and compliance.
  E – commerce business :
Online businesses that require services like GST compliance, tax planning and accounting.
 Real estate developers :
Companies involved in real estate development that require services like project financing, tax
planning and compliance.
5. Individual Investor Clients :
 High net worth individuals :
Wealthy individuals seeking personalised investment advice and portfolio management.
 Retail investors :
Individual investors seeking guidance on investing in stocks, mutual funds or other investment
products.
 Non – resident Indians (NRIs) :
NRIs seeking investment advice and guidance on investing in India.
6. Corporate Investor Clients :
 Companies :
Corporations seeking investments advice on managing their surplus funds, retirement fund or
other investments.
 Trust and estates :
Trusts and estates seeking investment advice on managing their assets and investments.
 Family offices :
Family offices seeking investment advice and guidance on managing their wealth.
7. Institutional Investor Clients :
 Banks and financial institutions :
Banks and financial institution seeking investment advice on managing their investment
portfolios.
 Insurance companies :
Insurance companies seeking investment advice on managing their investment portfolios.
 Pension funds :
Pension funds seeking investment advice on managing their retirement fund.
8. Other Clients :
 Partnership and joint ventures :
Clients who require services like partnership accounting, joint venture accounting and taxation.
 Foreign companies :
Companies incorporated outside India that require services like setting up India operations,
taxation and compliance.

DETAILS OF WORK DONE DURING THE INTERNSHIP

 M/s Shakti Pawar and Company it is a professionally managed firm. The team consists of distinguished
chartered accountants, corporate financial advisors and tax consultants. The firm represents a combination of
specialised skills, which are geared to offers sound financial advice and personalised proactive services. Those
associated with the firm have regular interaction with industry and other professionals which enables the firm to
keep pace with contemporary developments and to meet the needs of its clients.

M/s Shakti Pawar and Company, has a clear vision for the future growth and development of financial
markets and services and researches to stay ahead of these trends and developments. M/s Shakti Pawar and
Company, moulds its operations and areas of competencies and introduces services so as to assist clients in
their business operations and growth.

Chartered Accountants work in a wide range of business sectors and in a broad spectrum of roles, from
Chief Executives to financial Controllers. Below are a few examples of the type of positions that Chartered
Accountants occupy.

 Senior Leadership Positions.

 Financial Management Positions.
 Auditing and Assurance Positions.
 Taxation and Consulting Positions.
 Regulatory and Compliance Positions.
 Investment Advisor Positions.

I have tried my best to enhance my abilities and apply the knowledge that I gained during the studies.
On my first day at firm, company in – charge Mr. Shekhar Shinde gave me training session about ‘Investment
Consultant and Computerised accounting in tally software and also shared his practical experience with me
and gave me some techniques of this process. He also guide me that how to prepare TDS return and filing data
in income tax return preparation software.

Different task that I performed during my internship :

 Tally Entries And Tally Software.
 Investment Advisory Service.
 Share Market Analysis.
 Investment Recommendation.
 Auditing.
 Taxation.
 TDS Return Preparation.
Software used during internship :
 MS Office
 Tally Software
1. TALLY ENTERIES AND TALLY SOFTWARE :
 1. Tally Entries :
Following process are followed for accomplishment this task :
 Firstly we review all records of vouchers carefully, that no any vouchers had any queries
related to adjustments.
 Then we make a separate folder for that work.
 Then we create a company in tally software by that company name and started doing entries.
 Receipts and Payment entries are posted carefully as it carries some contra entries also.
 Then after completing entries posting recheck the data by Balance Sheet, Trial Balance and
Day Book.
 Any queries related to this work communicated to our external mentor.

2. Tally Software :
Tally ERP 9 is a powerful accounting programme that integrates with a variety of other corporate
system, including sales, purchasing, inventory, finance, payroll and more. Many businesses now use Tally to
save time and perform accurate calculations that assist them in creating seamless commercial transactions.
Tally ERP 9 is a perfect business management solution and GST software with an ideal combination
of function, control and in – built customisability.
Association on the new importance of Tally accounting software in the business world are calling for
faster and simpler uses of Tally ERP 9 software. Advantages of Tally ERP 9 program provides viable
responses to its bookkeeping questions, associations find it more pleasant and profitable.

Update : Tally Prime is the latest version of Tally .

2.1 Features of Tally :

1. It has unique voucher passage mechanism that calms a variety of exchange.
2. After calculation completion, the customer will get an interest survey.
3. It provides a solo record of several documents.
4. The commodity enables the customer to comply with the accounts exchange or non – exchange.
5. The customer can monitor updates and calm changes with the help of this component.
6. It allows associations to distribute payments for applications and late applications.

2.2 Advantages of Tally :

 Depending upon the needs of the small or large business group alongside, its different features
make it is a very useful software. It helps you to take your decisions easily with its wide range
of features.
 You can remote access your accounts with the help of Tally. NET.
 With various language support, it is convenient for a user to use it in his own language.
 In the latest version, if your operating system suddenly shuts down, your data won’t be lost.
  In the past year, people used to manage their accounts manually; all the complex calculations
were done manually, which had a high risk of error. But, as we now use Tally it’s pretty simple
and easy to use and comes with less risk of errors.
 As it has numerous functions performing various tasks is made simple due to this software.
Especially in the case of GST.

2.3 Disadvantages of Tally :

 Retrieving the data after forgetting the user ID and password is a bit difficult. Fewer, data
security is also one of the disadvantages.
 It is complex software for beginners to use. It lacks back office support for users who find
some trouble using it.
 Backing up your data is also one of the issues users face while working with Tally. You have to
manually back up your data at someplace. It won’t do the backing up by itself.
 It doesn’t allow you to open the same transaction sheet from various systems on a single
operating system. It’s a single window software.
 As Tally has upgraded itself year by year, there is no major update made to it. It has the same
features as the ability to do some extra work.

2.4 Creating a Company :

To use Tally, you need to ‘create a company.’ In the menu section, select ‘Create a Company.’ This
will take you to a screen wherein you need to fill in the details about your company.

 Enter company names, as mentioned in the banking records. Add company address, telephone number
and information on statutory compliance.
 Choose ‘Accounts info’ if you are just using Tally to manage your accounts.
  Choose ‘Accounts with inventory’ for the menu if you are using Tally for inventory management as
well.
 Choose your preferred currency.
 Enter the start of your financial year, plus the start date for the book.
 Also, don’t forget to turn on the ‘Auto backup.’ This will ensure you have a copy of the details for
future needs.

2.5 Creating a Ledger :

A ledger helps you to record all the transactions of different accounts. You can create a separate
ledger for different accounts that you do business with, this will provide more clarity if you need information
on transactions of a particular accounts in the future. There are two types of ledger here; ‘Cash’ and ‘Profit
and Loss Account’.
To create a new ledger;

Step 1 – From the Gateway menu, select ‘Accounts info’.

Step 2 – Next, click on ‘Ledgers’ followed by ‘Create’. Here you can create a single ledger or
multiple ledger as per your needs.
 Step 3 – After creating a ledger, you also need to choose which group a particular ledger will be
assigned to. You can select a group from the given ‘List of Group’.

Step 4 – Also, for easy identification, always enter a name for your ledger so you know what it
contains.
 Step 5 – Lastly, enter the opening balance. For a bank account, the opening balance in the ledger
would be the current amount in your account, For an amount owed to you by a client or a contractor, the
starting amount would be what own you. For example; Rs 10,000/-

2. INVESTMENT ADVISORY SERVICE :

1. Introduction :
Investment advice refers to suggestions or recommendations to any prospective investor who seek to
put money into any financial product or instrument. The advice is generally for consideration in return by way
of consultancy fees or any fee in terms of a percentage of the assets or investments. The investment advice
should come from a professional who is a certified advisor like chartered accountant, financial planners,
bankers and brokers.
2. Understanding Investment Advice :
Investment advice is a suggested plan of action based on a study of various factors which are investor
specific and external factors. An individual investor may look for investment advice keeping in view their own
life’s short – term or long – term financial plans. The investor specific factors include age, annual income, risk
appetite and future family expectations.
Among international factors, geopolitical issues or trade wars affect the liquidity and trade, thereby
lowering the returns from investments. Financial markets across the world reflect the adverse trade conditions,
corrections in prices of commodities and discount the future returns on both equities and fixed income
securities. In the case of investment in commodities, the prices of commodities, such as metals, mirror the
prices in the international markets. For example, in the case of prices of gold, silver, zinc, iron and similar
metals traded in foreign markets, the domestic prices reflect the increase or decrease in the international
markets.
 Investment advice should consider the factors relevant to arrive at an investment decision. The
evaluation should be technical and objective without any bias. One of the important factors is the tenure of the
investment. The financial calculations should project the present values of the future cash flows from the
investments. The investment advisor should analyse and present the data and comparisons to enables decision
making.
3. Meaning Of Investment Advice :
Investment advice is any recommendation or guidance that attempts to educate, inform or guide an
investor regarding a particular investment product or series of products.
Investment advice can be professional that is the investor pays a fee in exchange for the qualified
professional’s guidance and expertise, as seen with financial planners, chartered accountants or it can be
amateur, as with specific internet blogs, chat rooms or even conversations and while it is usually legal to give
stock advice or pass along investments information, it may not be permitted if you inside information.
 ON THE JOB TRAINING ATTENDANCE SHEET

Balwant College, Vita

Department of Commerce and Management

Academic Year 2023 -24

Name of the Organisation – M/s Shakti Pawar and Company

Address – Shree Plaza, First Floor, Near Hutatma Bank, Karad Road, Vita -415311, Dist – Sangli.

Name of the External Mentor – Mr. Shakti U. Pawar.

Name of the Student – Sofia Rahimbaksha Patel.

Class – M.Com Ⅰ, Semester - Ⅱ PRN – 2024029988

External
Sr. Student’s
Date Day Time Hours Mentor Remark
Sign
Sign
1 12/12/2024 Thursday 10:00amto4:00p 06:00hrs
m
2 13/12/2024 Friday 10:00amto4:00p 06:00hrs
m
3 14/12/2024 Saturday 10:00amto4:00p 06:00hrs
m
4 16/12/2024 Monday 10:00amto4:00p 06:00hrs
m
5 17/12/2024 Tuesday 10:00amto4:00p 06:00hrs
m
6 18/12/2024 Wednesday 10:00amto4:00p 06:00hrs
m
7 19/12/2024 Thursday 10:00amto4:00p 06:00hrs
m
8 20/12/2024 Friday 10:00amto4:00p 06:00hrs
m
9 21/12/2024 Saturday 10:00amto4:00p 06:00hrs
m
10 23/12/2024 Monday 10:00amto4:00p 06:00hrs
m
11 24/12/2024 Tuesday 10:00amto4:00p 06:00hrs
m
12 25/12/2024 Wednesday 10:00amto4:00p 06:00hrs
m
13 26/12/2024 Thursday 10:00amto4:00p 06:00hrs
m
14 27/12/2024 Friday 10:00amto4:00p 06:00hrs
m
15 28/12/2024 Saturday 10:00amto4:00p 06:00hrs
m
16 30/12/2024 Monday 10:00amto4:00p 06:00hrs
m
17 31/12/2024 Tuesday 10:00amto4:00p 06:00hrs
m
18 1/1/2025 Wednesday 10:00amto4:00p 06:00hrs
m
19 2/1/2025 Thursday 10:00amto4:00p 06:00hrs
m
20 3/1/2025 Friday 10:00amto4:00p 06:00hrs
m
21 4/1/2025 Saturday 10:00amto4:00p 06:00hrs
m
22 6/1/2025 Monday 10:00amto4:00p 06:00hrs
m