` SimpliTax

Proprietorship Firm Registration

  • Easy to form a proprietorship firm
  • Any name may be chosen
  • Ideal for small business in unorganized sector
  • Less statutory compliances as compared to other forms of business ownership
Inclusions in this package

Sole proprietorship executed on non-judicial stamp paper and notarized

PAN / TAN Registration

Firm’s Stamp

Assistance in opening current account in Bank

Time Involved in the Process

Approx. 2 working days for drafting and execution of proprietorship

Approx. 10 working days in getting PAN

Simple & Transparent Pricing

Proprietorship Registration

starts from

Rs.2,000/-
all inclusive fees
Enquire Now
FAQs

Proprietorship firms are taxed as per Individual’s taxation slabs

Only 1 person is required

No limit

With Income Tax Department:

  • Proprietor has to file his Income tax returns showing the correct working of proprietorship business
  • Advance tax needs to be paid periodically
  • Tax audit has to be got done by CA and audit report needs to be collected in case annual turnover is more than Rs 1 crore in case of trading business or Rs 50 lakh in case of professional business.

Others:

  • GST returns to be filed online monthly
  • TDS returns of Salaries paid and vendor payments are to be filed quarterly, if applicable
  • Other need based compliances

Every proprietor has to file his Individual ITR if his gross income, including proprietorship business is above minimum taxable limits. And for the proprietorship business one has to prepare balance sheet and profit and loss account, even if there is no transaction or there is loss.

EMAIL SUBSCRIPTION

Subscribe with simplitax to get the latest updates about our industry.
]

Corporate Office

A-25, First Floor, Sector 34,
Noida - 201301, U.P., INDIA

: +91 9810464738   : info@simplitax.in

Branch Office

Tower 8A, Ground Floor, Cyberhub,
Gurugram, Haryana 122002 INDIA

: +91 9650264848   : info@simplitax.in

© copyright 2017 SimpliTax CMS Pvt Ltd.