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SOLE PROPRIETORSHIP ANNUAL COMPLIANCE

STATUTORY COMPLIANCES FOR PROPREITORSHIP

FOR A SOLE PROPREITORSHIP THE ANNUAL COMPLIANCES ARE AS FOLLOWS:

  1. FILING OF INCOME TAX RETURNS
  2. FILING FOR TDS RETURNS
  3. OBTAINING GST REGISTRATION
  4. FILING FOR GST RETURNS
  5. TAX AUDIT: Tax Audit is not compulsory for a sole-proprietorship. You need it only if the turnover of your firm exceeds Rs. 2 crore.

ADVANTAGES OF SETTING UP A SOLE PROPREITERSHIP

  1. Owner and Business is the Single Entity
  2. Minimum costs to Incorporate a Business
  3. Tax Payments in an individual capacity is required
  4. Lesser business Requirements and Compliances

5600/-

BASIC PRICING

  • FOR COMPANIES HAVING ANNUAL TURNOVER OF LESS THAN 10 LAKHS

12600/-

STANDARD PRICING

  • FOR COMPANIES HAVING ANNUAL TURNOVER OF LESS THAN 50 LAKHS

19600/-

PREMIUM PRICING

  • FOR COMPANIES HAVING ANNUAL TURNOVER OF LESS THAN 1 CRORE