Proprietorship Tax Return Filing

Proprietorship companies area unit needed to file taxation come back like LLPs and firms registered in Asian country. Since proprietary companies area unit thought-about to be one and same because the owner, the taxation come back filing of the proprietary firm is that the same that of the owner. Below taxation Act, all proprietors below the age of sixty years area unit needed to file taxation come back if total financial gain exceeds Rs. 2.5 lakhs. Within the case of proprietors over the age of sixty years however below eighty years, taxation filing is necessary if total financial gain exceeds Rs.3 lakhs. Proprietors over the age of eighty years and on top of area unit needed to file taxation come back if the full financial gain exceeds Rs.5 lakhs. Ali Tax World provides taxation come back filing for thousands of tiny and medium sized proprietary companies across the country. Get in-tuned with associate degree Ali Tax World Tax skilled to file the taxation come back for your proprietary firm these days.

Tax Audit for Proprietorship Firm

An audit would be needed for a proprietary firm if the full sales turnover is over Rs.1 large integer throughout the fiscal year. Within the case of an expert, audit would be needed if total gross receipts is quite Rs.50 lakhs throughout the fiscal year below assessment. Also, associate degree audit would be needed for any proprietary firm below presumptive taxation theme regardless of turnover if the financial gain claimed is not up to the deemed profits and gains below the theme.

Due Date for proprietorship Firm Tax Return

The taxation come back of a proprietary that doesn’t need audit is due on thirty first Gregorian calendar month. Just in case the taxation come back of a proprietary must be audited as per taxation Act, then the comeback would flow from on thirtieth Sep. proprietary companies would be needed to file type ITR-3 or type ITR-4-Sugam. Type ITR-3 may be filed by a owner or a Hindu Undivided Family World Health Organization is completing a proprietary business or profession. Type ITR-4-Sugam may be filed by an owner World Health Organization would really like to pay taxation below the presumptive taxation theme. Presumptive taxation theme is intended to assist ease the compliance burden of tiny businesses by presumptuous a collection ratio on the full financial gain of the business or profession.

Reasons to Major Compliances for a proprietorship

Dedicated Advisor

Your proprietary are appointed an infatuated Compliance Manager World Health Organization are one purpose of contact to assist you maintain the compliance for your proprietary. You’ll get in-tuned together with your Compliance Manager at anytime and obtain help on matters associated with your proprietorship’s compliance.


Proprietorships area unit needed to take care of accounts and prepare monetary statements at the top of every fiscal year. Our Compliance Manager can facilitate maintain accounts and can prepare the plan for your proprietary at the top of economic year.

Income Tax return Filing

Income tax come back of a proprietary should be filed at the top of every fiscal year. Supported the character of enterprise, our Compliance Manager can prepare all the documents and file your proprietary instrument.

GST Return Filing

GST come back should be filed by all entities having GST registration. Just in case your proprietary has GST registration, our Compliance Manager will assist you file GST returns at a further value supported volume.

TDS Return Filing

TDS come back should be filed by all entities needed to deduct tax at supply and having TAN registration. If your proprietary has TAN registration, our Compliance Manager will facilitate file TDS come back at a further value.

How we help with proprietorship firm compliance

Ali Tax World will facilitate file the necessary filing for your proprietary firm and maintain annual compliance. 

Free Consultation Got questions? Request a call from an Ali Tax World Business Advisor.

Tax Return Preparation

An Ali Tax World Compliance skilled can prepare the instrument for your proprietary supported the financials and performance throughout the previous fiscal year.


Once the tax come is ready within the requisite format, the Client’s Finance Team will verify the ready come and affix the digital signature.


Once the official document is ready and verified, the come is filed with the tax Department beside the required attachments.


Uttar Pradesh’s Largest Business Services Platform

Ali Tax World Mission

We help Entrepreneurs start and operate successful businesses

Ali Tax World is Uttar Pradesh’s largest online business services platform dedicated to helping people easily start and manage their business, at an affordable cost. Our aim is to help the entrepreneur on the legal and regulatory requirements, and be a partner throughout the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing.

Ali Tax World partners with a network of experienced Chartered Accountants, Company Secretaries, Lawyers, Cost Accountants, Chartered Engineers, Ex-Bankers and Financial Experts across India to provide a comprehensive range of services for small and medium sized enterprises.

We provide our services to all..