ITR Filing
File ITR-3 or ITR-4 for sole proprietors under Income Tax Act 1961. Due date: July 31. Tax audit under Section 44AB if turnover exceeds Rs. 1 crore. Expert CA preparation and e-filing.
Annual Compliance for Sole Proprietorship
ITR filing, GST returns, TDS returns, books of accounts under Income Tax Act 1961. No ROC filing needed. Expert CA assistance for sole proprietors. Starting at Rs. 999.
Free consultation. Our experts will call you within 30 minutes.
Overview
What is Sole Proprietorship Compliance?
A Sole Proprietorship is the simplest business form in India owned and run by one person. Annual compliance ensures the business meets legal obligations under Income Tax Act 1961, GST Act 2017, and Profession Tax Act.
Unlike companies, sole proprietorships do not file with MCA/ROC. Compliance focuses on ITR filing, GST returns, TDS filings, and books of accounts. Our experts manage all compliance deadlines efficiently.
ITR Filing (Income Tax Act 1961)
GST Returns Filing
TDS Returns & Certificates
Books of Accounts Maintenance
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Compliances Done10+
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Our Services
Sole Proprietorship Compliance Services
Complete annual compliance for sole proprietors.
GST Return Filing
Monthly/quarterly GSTR-1, GSTR-3B filing on GSTN portal. ITC reconciliation. Annual GSTR-9 filing. GST audit under CGST Act. Complete GST compliance management.
TDS Returns Filing
Quarterly TDS returns (Form 24Q, 26Q). TDS certificates issuance. TDS payment compliance. Form 16/16A generation. TDS reconciliation under Income Tax Act 1961.
Books of Accounts
Maintain books of accounts under Section 44AA. Digital bookkeeping. Ledger, journal, balance sheet preparation. Audit support under Section 44AB. Complete financial records management.
Professional Tax Filing
Professional tax registration and returns. Monthly/quarterly PT payment. PT certificate issuance. State-specific compliance. Expert PT management for sole proprietors.
Tax Audit Support
Tax audit under Section 44AB if turnover exceeds Rs. 1 crore. Form 3CD/3CB preparation. Auditor coordination. Audit report filing with Income Tax Department.
Compliance Types
Types of Compliance
Compliance requirements based on business type.
Business Proprietorship
ITR-3/ITR-4 filing under Income Tax Act 1961. Books of accounts under Section 44AA. Tax audit under Section 44AB if turnover exceeds Rs. 1 crore. GST compliance. Business-specific statutory filings.
Professional Proprietorship
ITR-4 (Sugam) or ITR-3 for professionals. Books under Section 44AA. Tax audit if gross receipts exceed Rs. 50 lakh. Professional tax. GST compliance for professional services.
Trading Proprietorship
ITR-3 filing for trading income. Books of accounts. Stock audit if applicable. GST returns for trading business. TDS compliance for purchases. Complete trading business compliance.
Our Process
Compliance Process
4 steps for hassle-free annual compliance.
Document Collection
Collect financial documents, invoices, bank statements. GST returns, TDS challans. PAN, Aadhaar. Previous year ITR. All compliance documents from client.
Preparation & Review
Prepare ITR, GST returns, TDS returns. Books of accounts update. CA review of all filings. Tax computation. Ensure compliance with Income Tax Act 1961 and GST Act 2017.
Filing & Submission
E-file ITR on Income Tax Portal. File GST returns on GSTN. Submit TDS returns. Pay taxes. Download acknowledgment. Track status. All filings before due dates.
Ongoing Support
Post-filing support. Tax notice reply if any. Compliance calendar management. Next year planning. Continue support for all compliance needs. Regular reminders for due dates.
Documents Required
Documents for Sole Proprietorship Compliance
Documents needed for annual compliance.
PAN Card of Proprietor
Aadhaar Card of Proprietor
Business PAN & GSTIN
Bank Statements (12 months)
Sales/Purchase Invoices
GST Returns & TDS Chalan
Profit & Loss Statement
Balance Sheet
Books of Accounts
Why Choose Us
Benefits of VakilExpert
On-Time Filing
All filings before due dates. ITR by July 31, GST returns monthly, TDS quarterly. Automated reminders. Never miss a deadline. Avoid late fees and penalties under Income Tax Act 1961.
Expert CA Team
Experienced CAs for sole proprietorship compliance. Deep knowledge of Income Tax Act 1961, GST Act 2017. Best tax planning advice. Maximize deductions. Accurate and error-free filings.
Transparent Pricing
Starting at Rs. 999 for annual compliance. No hidden charges. Clear pricing for ITR, GST, TDS, books of accounts. Pay only for services you need. Best value for CA services.
FAQs
FAQs about Sole Proprietorship Compliance
Annual compliance includes ITR filing (ITR-3/ITR-4), GST returns (GSTR-1/3B), TDS returns, maintaining books of accounts under Section 44AA of Income Tax Act 1961. No ROC/MCA filings needed. Simple compliance compared to companies.
Tax audit required if turnover exceeds Rs. 1 crore (business) or Rs. 50 lakh (profession) under Section 44AB of Income Tax Act 1961. Voluntary audit recommended for better financial credibility and loan eligibility.
Compliance includes: ITR filing before July 31, GST returns (GSTR-1 by 11th, GSTR-3B by 20th), TDS returns quarterly, books of accounts under Section 44AA, professional tax registration, and GST registration if turnover exceeds threshold.
ITR due date: July 31 for individuals. Tax audit: September 30 under Section 44AB. GST returns: GSTR-1 by 11th, GSTR-3B by 20th of next month. TDS returns: quarterly by 31st of next month.
Yes under Section 44AA of Income Tax Act 1961. Mandatory for income exceeding Rs. 2.5 lakh in three preceding years. Digital books acceptable. Maintain ledger, journal, and cash book for all transactions.
GST registration mandatory if turnover exceeds Rs. 40 lakh (goods) or Rs. 20 lakh (services) under GST Act 2017. Voluntary registration allowed. Same GSTIN can be used for proprietor business.
Yes, can convert to Pvt Ltd or LLP. Requires new registration, asset transfer, and compliance with Companies Act 2013. Recommended as business grows. VAT/GST can be transferred or re-applied.
Starting at Rs. 999 with VakilExpert. Includes ITR filing, GST returns, TDS filings, books of accounts. No hidden charges. Transparent pricing. CA-certified filings. Best value for professional compliance services.
Free Consultation
Sole Proprietorship Compliance
Annual compliance for sole proprietors under Income Tax Act 1961, GST Act 2017. ITR, GST returns, TDS, books of accounts. Starting at Rs. 999.
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