Compliance

Proprietorship Compliance

Running a Sole Proprietorship in India comes with a set of crucial financial and legal responsibilities. Compliance with various tax and regulatory requirements is essential to ensure your business's smooth operation and growth. This includes filing Income Tax Returns, TDS Returns, GST Returns, EPF Returns, maintaining accurate accounting records, and sometimes undergoing a Tax Audit.

Is it necessary for Proprietorship to File ITR?

Key Features

Below 60 Years

Proprietors below 60 years of age must file an income tax return if their total income exceeds Rs. 3 Lakhs.

Between 60 and 80 Years

Proprietors aged between 60 and 80 must file an income tax return if their total income exceeds Rs. 3 Lakhs.

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