Iwould lt lr lo <x pr " pr of ouncJ qr.

stltudc t o my guide
Mr. Olllp Kurn1r (Iln.1nr ,. M.1n.1rjr ) f c>r hi; inv.1lu:iblc :-.upport,
encour.19t:rncnt , 1.up<rv1.l<>n .in d ur;cf ul -.119<Je,t lonc; t hroughout
thi proje< I wor k IIi, rn<Jr.11 ,uppor t .1nd < ont lnuou. guidance
enabled rnc t o < ornplc t c rny work ,u<.c.c,,fully.

I would .p...ri.1lly like t o t hank, Mr. Manotlt Moharll

(HR Manager) for provldlny t he nice Idea'> to work upon. Not
only did t hey .tdvl,< dbout rny project but lic,tenlng to their
discussions in company Premises.

Last but not the lca,t, I am t hankfuland indebted to

all those who help me directly or indirectly in completion of this
project report.
Filling
Fi lli ng means keepi ng documents in a saf e place and bein9
able to f i nd them easily and quickly. A f illin g system is the centr al
recor d - keepin g system f or an organization. If hel ps you to be
organ ized, systematic,ef f icien t and transparent. If also helps all
people wh o shoul d be able to access inf ormati on to do so easily.

I m porta nt th in gs to kn ow about f illin gs

Wh at do we f i l e?
We also f i le records of all ou r organizati onal activiti es. These can
be letters, memos, reports, f i n ancial records, policy documents.

E tc.

When d o we f lle?
This d epends on h ow busy you r off ice is. I n very busy
organizations f i lli ng is done
 INTERNSHIP QIJlfCIYIU

To get training in a professional environment by

engaging ourselves in one of the leading company.For the future
Opportunity I am very early waiting for knowledge sources and
TLL is the main source In my Point of view.

The reason Ichoose to follow TLL internship because I

wanted to benefit from the experiences. I wanted new
Chael nges to learn, Improve and develop new sets of skils.
During my internship As a Ma;or competencies are
Working as an intern, performing duties and act vlti
sincerely for a great and successfulcareer.
 Tax Ded ucted at Source (TDS) :

TDS or tax deducted at ource ,, rn an )f indir ect t.az

collection by Indian au thorities ac<:or din9 to th 'I n'.!..lrr e la:r.
Ac t,1961. TDS is managed by the Cent ral Bod rd of L>1 r c.t la
CBDT) , which comes under the Indian R<?'venue S'!r'''

TDS on dividends Sec tion 194 of lnc.ome Ta/ A c.t, 1!J f,A 'rYf
law notes TDS provis ions under this section are attrar ted <Jnly in
respect of deemed dividend. Rate of deduction of taz in r oec.t
of such dividend is 10%.

Section 194( of Income TaxAct - Tax need to 'be deduc.'ted

1% (for individual HUF)/2% (for others) of payment wher e
payment is made for carrying out any w ork by a contractor/sub
contrac tor.
 Abstract

The report Presents the following tasks Completed

during Summer Internship At TL Ltd which is Listed below:-

Filling
Correction of filling which is already prepared.
Introduction about company
Knowledge about taxes NAT, Service tax, excise duty,
TDS)
Knowledge of subsidiary challan and delivery challan.
Process of material dispatch and billing.
Analysis of bills of stor e,contractors,miscellaneous

In shor t in these days I only learnt about financial

activities which is clerical in nature and it is very useful step
towards higher opportunity. I will feel happy and proud to work
in future with TLL.
 Preface

I did my summer training in Transrail Lighting

ltd., Deoli. I completed my summer training f or 24 days.
This report documents the work done during the Summer
internship at TL Ltd. Deoli under the supervision of Mr.
Dilip Kumar (Finance Manager) this report f irst shall give
an overview of the results obtained discussed and
analyzed.

Hence I am presenting the training report of

f inancial plan. I have tried my best to keep report simple
yet technically correct. I hope Isucceed in my attempt.

So I am thankful to all the manager s of TLL.

ts. t aoisha Raje nd ra \\'anaka r

MBA Ill SEM
DEPARTMENT OF MA NAGEMEl'< T STLDI ES
8. D. College of Engineering Scvagram
K n owledge about taxes ( VAT, Excise duty,
Service tax, TDS)

VAT ( Value Added Service) :

VAT is a mu l ti-stage tax l evied at each stage of the valu e

add i tion chain, with a provision to allow in put tax credit (ITC) on
tax paid at an earlier stag e, w h ich can be appropriated against
the VAT liability on subseq u ent sale.
VAT is devied on sales of goods and services and paid by
pr od u cers to the gover n m ent. The actu al tax is devied f r om
custom ers or end users wh o pu r chase these.

VAT = Outpu t Tax - I npu t Tax

Outpu t Tax is the tax received by the sever f or sale of his

goods an d service
I npu t Tax is tax paid by the seller f or raw material r equir ed
to m an u factu re h is g oods and services.
VAT is kept as low as 1% g old, silver, and other pr eviou rs stones
f all u n der this category of goods
Gener al VAT rates apply to goods which not be segr egated and
put u n der any of the above listed VAT categori es. f or goods like
liqu or cigarettes etc. m any gover n m ent charges high VAT rate of

12.5%
 Correct on of Filling or Document

When submitting mu ltiple filling ,provide a separate

payment check with each Individual filling .This will ensure that lf
there is a problem with one of the document .common errors are
difference in busi ness name pu nctuation and address

Provide Clear I nstruction When Fiiiing Multiple

Document :
There are occasions when businesses need to file more than
one registration docu ment at the same time . I n these instances
let us know bef orehand if you have special requ irement such as a
specif ic req u irement such as a specif ic document filling
sequence. Incorrect docu ment filling sequence can result in
processing delays or errors.

When you are ready to subm it your application , remember

to Inclu de all supporti ng document .This means photos ,fee
receipts and supplementary forms. Su pporting documents
Includes itmes such as passports, birth certificate , medical,
Information , financial statement language ,test assess1
.cponsor.farms.
 Introduction about company

Transra i l lighti n g limi ted pol e division u ndertakes desig n,

m anu f actu r i ng testi n g, i nstallation an d supply of engin eered
galvan i zed steel pol es f or transm ission & distribution monopoles,
street l i gh t poles, h igh mast, stadi u m mast, telecom mon opoles,
swaged poles etc. along wi th the l u mu n aires.

We h ave i n- h ouse design, pol e man u fact u ri n g capacity of

40000 MT per an n u m wh ich is bei ng ha nd led by large pool of
competen t man agerial & su pervisory person nel.

Suppl ied po l es to overseas cou ntries viz, Zam bia ,

M ozam biq u e, Ben i n, Eth i opia, Rawan da, G h an a, U AE, Qatar.
Stack Ch i m ney stru ctu r e to Ref i ne ri es BPCL, ONGC, R eliance.
Sign ages suppl i ed to Ma h aras htra Bor der Check Post signages
with stru ctu res I OCL, H PC L,BPCL/ N R & ESSAR r etail outlet
sign age masts.
Excise duty :

The excise duty falls u n der the excise duty Act 1944 , the
taxes are l evi ed on m anuf actur i ng or prod u ction of goods.

The Concessional central excise duty rate of 4% is bei ng

i n creased to 5% an d thus all goods curr ently attracting 4% du ty
wi ll now attract 5% u n l ess otherwise specif ied. A Concessional
rate of excise d uty @ 10% is being given to the Hyd r ogen
Veh i cles based on f u el cell tech n ology.
E xcise d uty is bei ng red u ced f r om 10% to 5% on Hybrid kits f or
conversi on of f ossi l f u el veh icles to hybrid vehicles.

A Concessional rate of excise du ty @ 10% is bein g

extended to f actory bu ilt ambu l ances, other vehicles r etrof itted
as am bu lances su bseq u ent to thei r rem oval f r om the f actory sha\\
conti n u e to be eligi bl e f or ref u n d based concession.