INTERNSHIP

REPORT
ON
VFN
FOSTERING
WEALTH
BY
BHARTI BANSAL
 VFN is one of the oldest and a
renowned Financial Advisory
Firm in Delhi. The Management
team has more than 20 years
of experience in financial
sector. The Firm is well
equipped to provide scientific
updated technology based
portfolio advice to all its
clients.

INTRODUCTION TO COMPANY
 To find the market potential and market penetration of financial
product offerings in Delhi and local area nearby them.
To collect the real time information about preference level of
customers and give the best solution
To expand the market penetration on financial service
To provide pricing strategy of competitors to fight cut throat
competition.
To increase the product awareness of VFN GROUP as single
window shop for Income tax return.

OBJECTIVE
 MISSION VISION
To create long term To provide best value for
value by empowering money to investors
individual investors through innovative
through superior products.
financial services Trading/Investments
supported by culture Strategies.
based on highest level
of teamwork, State of the art
technology and
efficiency and
personalized service.
integrity.
 Taxes in India are of two types, Direct Tax and Indirect Tax.
Direct Tax, like income tax, wealth tax, etc. are those whose burden falls directly on the
taxpayer.
The burden of indirect taxes, like service tax, VAT, etc. can be passed on to a third party.
Income Tax is all income other than agricultural income levied and collected by the
central government and shared with the states.

According to Income Tax Act 1961, every person, who is an assesse and whose total
income exceeds the maximum exemption limit, shall be chargeable to the income tax at
the rate or rates prescribed in the finance act. Such income tax shall be paid on the total
income of the previous year in the relevant assessment year.

The total income of an individual is determined on the basis of his residential status in
India.

BASIC INFORMATION ABOUT TAX

 Income Tax Return" is a term which is often used when we
talk about income tax. It is a way by which we pay this tax.
When total annual income of a person, including all sources,
is more than maximum unchangeable limitation (At present
it is Rs. 150,000/-) then that person is liable to pay income
tax.
According to Income Tax Act 1961, every person, who is an
assesse and whose total income exceeds the maximum
exemption limit, shall be chargeable to the income tax at
the rate or rates prescribed in the Finance act.

INCOME TAX RETURN

The total income of a person is divided into five heads,
viz., taxable.
Income from Salary
Income from House Property
Income from profits and gains of Business or Profession
Income from Capital Gains
Income from Other sources

TAXABLE HEAD OF INCOME TAX

 There
was many client from FMCG
companies like PepsiCo, or Coca cola
Therewas many clients from Tata steals
They done work on insurance policies and
theydone work by like indigo, supports,
techno or NEC these also companies
which this company done work

Areas of work

Product and Services
They provide the services
only which is done there
ITR's or done there
insurance scheme or
they provide the services
to go there company to
file ITR over there.
Organizational
Structure
There was only one
dept. that is a
processing dept.
where we do the
filling of ITR on daily
basis
 Donethe project work like to filling the
income tax returns.
To
meet to the clients and talk to them or
convince them to take our services.
Ialso take or give some presentation on the
work of the company.
I also attend meetings over there.

Activities
The Research which I do there is

Operational

Employee

Clients

Research
Operations Research
where see the project of working like why they
late file there files.
Employee
On the point of view on employee the employee
of the company not happy with the environment
or behaviour of the boss.
Client
The clients are always dishappy the work or
processing of the c OK company work they don't
help him or the clients not to be take the
solution on the problem.
 Research is the process of systematic & in depth study or research for any
particular topic.
Subject or area of investigation, backed by collection, compilation,
presentation & interpretation of relevant details or data. Research
methodology is a way to systematically solve the research problem. It may
be understood as science of studying how research is done, scientifically.
Research may develop hypothesis & test it. We study the various steps
that are generally adopted by the researcher in studying his research
problem along with logic behind them.
Research must be based on fact observable data forms a sound basis for
research inductive investigation lead better support to research finding for
analyzing facts. A scientific methodology of analysis must be developed &
result interpreted logically.

Research Methodology
 Research design is a logical & systematic
planning & directing of a piece of a research.
The research design attempts to integrate
various aspects of the research study. The
design also takes into account the availability of
time, energy & other resources at disposal.
Data were gathered using survey instrument.

Research Design
 The report is the result of a survey which was
undertaken in Delhi. The objectives of the project has
been fulfilled by getting response from the customer
associated to these segments through a personal
interview in the form of a questionnaire. The responses
available through the questionnaire are used to
evaluate the customers satisfaction by the Services
and the willingness of the customer to purchase its
Services on future.
The Services also covers an analysis of the switch over
of customers to competitors good Services in the
market.
Research Area
Two types of data adopted namely-
Primary Data
Secondary Data

Type of Data
 Primary Data Secondary Data

Data Files
Employees
Company profile
Client
Feedback

Data Collection Technique

Ihave collected the data from the
company Employees, Clients and
questionnaire.
Total Sample Size =400

Sample Size
 For the research methodology we had the sample size
which is done with the help of conduct questionnaire .

The researcher chooses the sample based on who they

think would be appropriate for the study. This is used
primarily when there is a limited number of people
that have expertise in the area being researched.

Sampling Technique
 Employees are not doing proper work.
Goals are not achieve on targeted time.
Clients are always Dissatisfied by Services.
Top
Management did not work on
employees problems.

Analysis and Finding

 Timely Respondent to the employees.
TopManagement should decide a meeting
every week so that there problems should
be short out.
Employees should be updated on daily
basis
Recommendation to the
organization
There were many limitations to the
research done:

Project is carried out for 2 months which

is very less to cover.
Environment problem.

Limitation
 To get initial success in this field is very difficult.
Although the business generation becomes
easier with time as we serve more people who
then get added up in the loyal clientage. Thus
time and service are two most factors to get in
this field.
Also the corporate remains a very important
segment which gets business in bulk but retail
cannot be ignored which makes your business
ticking.
SUMMARY OF LEARNINGS
Customer remains EXPERIENCE
in the pivotal position.
 Underthe umbrella of my project, we the
participants of this project were glad to
understand the design and pattern of
income tax e-filing online. My experience
with the various customers of the various
companies was totally different and gave
us an edge adding to my knowledge.

CONCLUSION
Websites:
www.incometaxindiaefiling.gov.in
www.valueplus.njfundz.com
www.incometaxindia.gov.in
www.legalserviceindia.com
www.finance.indiamart.com
www.incometaxindiaefiling.gov.in

BIBLIOGRAPHY