Annual Compliances For Proprietorship

We are experts who know how to make the work as painless and seamless as possible for you.

File Annual Compliance now

Easy & Hassle Free Online Process

Dedicated Expert & Account Manager

Advisory Session From Experts

Who are the Individual/Proprietor

Taxpayer other than the Pvt.Ltd Companies, Opc Companies, LLp , Partnership , Ltd companied are to be called as Individual/Proprietor.

Why these compliance required for an individual/Proprietor

a) If an individual income cross the basic limit of exempted income tax limit then it is mandatory for him to file the Income tax return and if income not cross the basic limit then it is optional to him for filling the income tax return.
b) An individual who is registered under the Gst act required need to file Gst return monthly basis .

Due date for filling

a).For Income tax filling Last date for filling income tax return will be 30the July.
b).In case of Gst last date of filling is Gst3b will be next 20th of the following month.

Our Packages

All packages are inclusive of GST and Government Fees.

Income Tax Return of firm

Starting at ₹ 11800

Income Tax Return

Get Started

Income Tax Return with Tax Audit

Starting at ₹ 35400

Income Tax Return

GST Compliances

Tax Audit

Get Started

GST Compliances

Starting at ₹ 23600

Income Tax Return

GST Compliances

Get Started

Documents Required For Annual Compliances For Proprietorship

Invoices of Purchases and Sales during the year
Invoices of expenses incurred during the year
Credit Card Statements if Expenses are incurred by Proprietor on behalf on Company
Bank Statements from 1 April to 31 March for all bank accounts in the name of firm

Copy of GST returns filed (If Any)
Copy of TDS Challans Deposited (If Any)
Copy of TDS Returns filed (If Any)

Process Involved

STEP - 1

Documentation

Required documents are provided by client

STEP - 2

Service Tax Returns

Checking Service Tax Returns and reconciling with bank statements and books of Accounts

STEP - 3

VAT Returns

Checking VAT returns and reconciling with bank statements and books of Accounts

STEP - 4

Finalization of Balance Sheet

Balance Sheet and Profit and Loss is finalized based on data provided

STEP - 5

Income Tax Return

Income tax return is filed based on Prepared Balance Sheet

STEP - 6

Tax Audit

Tax Audit is done for those where turnover exceed 50 lakhs and 2 Crores (Charges Extra)

Save money on filing your annual compliance, have a word with experts and get it done now.

Lets talk

FAQs

The Proprietor must be an Indian citizen and a Resident of India. Non-Resident Indians and Persons of Indian Origin can only invest in a Proprietorship with prior approval of the Government of India.

There is no limit on the minimum capital for starting a Proprietorship. Therefore, a Proprietorship can be started with any amount of minimum capital.

It is not necessary for Proprietorships to prepare audited financial statements each year. However, a tax audit may be necessary based on turnover and other criterion.

Proprietorship firms are business entity that are owned, managed and controlled by one person. So Proprietorship firms cannot issue shares or have investors

No, the Proprietorship firm and the Proprietor are one and the same. The PAN Card of the Proprietor will be the PAN Card of the Proprietorship business.Therefore, there will be no separate legal identity for the business. The assets and liabilities of the Proprietorship business and the Proprietor will also be one and the same.

Annual Compliances For Proprietorship

We are experts who know how to make the work as painless and seamless as possible for you.

Who are the Individual/Proprietor

Our Packages

Documents Required For Annual Compliances For Proprietorship

Process Involved

Save money on filing your annual compliance, have a word with experts and get it done now.

FAQs

Annual Compliances For Proprietorship in State

Annual Compliances For Proprietorship in City

Other Business Services