Proprietorship Tax Return Filing

Proprietorship Tax Return Filing is the process through which proprietors report their business income, deductions, and taxes paid for the financial year to the Income Tax Department. Proprietorships are not considered separate legal entities, so the income earned by the business is treated as the personal income of the proprietor and is taxed under individual income tax rates. Filing tax returns ensures compliance with tax laws, facilitates refund claims for excess taxes paid, and provides a transparent financial record.

Get Started

Register Your Company Today

Enter Your Area Pincode

Documents Required

Business and Tax Information

PAN Card of Proprietor
Business PAN Card (if applicable)
GST Registration Certificate (if applicable)
Business Bank Account Statements

Income and Expense Details

Sales Invoices and Receipts
Purchase Invoices and Receipts
Profit and Loss Statement
Balance Sheet (if applicable)

Tax and Deduction Documents

TDS Certificates (Form 16A, Form 16B, etc.)
Tax Payment Challans (if applicable)
Proof of Tax Deducted at Source (TDS)
Form 26AS (Tax Credit Statement)

Process Timeline

Gather Financial Data

Compile financial statements such as profit and loss accounts, balance sheets, and other business income records.

Determine Taxable Income

Calculate total taxable income by adding business and non-business income, and applying eligible deductions.

Pay Tax Due

Deposit any advance tax or self-assessment tax due using the online tax payment portal.

File Income Tax Return

Use the ITR-3 or ITR-4 form (depending on the type of business) to file the return online through the Income Tax Department’s e-filing portal.

Verify Filing

Complete the process by e-verifying the return or sending the signed ITR-V to the CPC.

Find the Perfect Fit for Your Budget

Choose from our range of flexible pricing options that cater to your specific needs.

₹1,999

Basic Plan

A brief description goes here

Get Started
Filing of Income Tax Return (ITR-3) for sole proprietors with business income.
Preparation of profit and loss statement and balance sheet (basic).
Reconciliation of business income with bank statements and books of accounts.
Calculation of taxable income and tax liability.
Filing of TDS and advance tax details (if applicable).
Email support for queries related to filing.
Turnaround Time: 3-5 working days.

₹3,999

Standard Plan

A brief description goes here

Get Started
Filing of ITR-3 for sole proprietors with multiple income sources (business income, rental income, capital gains).
Preparation of detailed profit and loss statement and balance sheet.
Reconciliation with books of accounts for accurate reporting.
Calculation of taxable income, tax deduction (if applicable), and tax liability.
Assistance with advance tax payments and generation of payment challans.
Support for deductions under Section 80C, 80D, and other sections.
Filing of TDS returns if required.
Email and phone support for tax-related queries.
Turnaround Time: 2-4 working days.

₹6,999

Pro Plan

A brief description goes here

Get Started
Filing of ITR-3 for proprietors with complex income structures (e.g., multiple businesses, foreign income, or assets).
Comprehensive audit of books of accounts for accurate tax reporting.
Preparation of detailed profit and loss, balance sheet, and cash flow statement.
Calculation of capital gains, taxable income, and business expenses for tax optimization.
Assistance with advance tax payment and income tax planning.
Guidance on tax-saving strategies and deductions under various sections (80C, 80G, 80D, etc.).
Reconciliation with Form 26AS, AIS (Annual Information Statement), and TDS records.
Filing of TDS returns for multiple business entities if needed.
Personalized tax advisory consultation to ensure proper tax planning.
Priority support for handling notices or tax-related queries.
Turnaround Time: 1-2 working days.

Frequently Asked Questions

Find answers to commonly asked questions about our products and services.