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Filing of ITR - Proprietorship

750* Basic Package

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Overview

As the Proprietorship firms are same as the Proprietor. The income tax return filing for Proprietorship is also same as that of Proprietor. Under the provision of IT Act, all the Proprietors below sixty years need to file their ITR if their income exceeds 2.5 lakhs. For Proprietor between 60-80 years, having income more than three lakhs will also file ITR. However, the Proprietors above 80 years don’t have to file ITR unless their income exceeds INR 5 lakhs.

Perks of Filing ITR:

As a responsible citizen of the country, any Proprietor having income more than INR 2.5 lakhs should file ITR. It helps you comply with all the income tax laws and avoid penalties. 

Advantages

1) Easy loan processing for business

2) Increase in credibility

3) Refunds of TDS

4) Easy approval of government tender

5) Offers self-employment

6) Quick visa processing

7) Carry forward of losses

Document Required

  • Aadhar card
  • Pan card
  • Financial statement of the business that includes balance sheets and profit loss account
  • Tax investment proofs
  • Details of income from other sources
  • Auditor’s detail 
  • Bank account detail 

Time Lines

  • (1 to 2 Days)
  • Purchase the Service
  • Upload / send the Documents
  • Discussion with expert
  • Filing of application with department
  • Receipt of Acknowledgement
  • Confirmation to client

Service Covered

Pricing for what you want required service

Basic

750*
  • Expert Consultation
  • Proprietorship Business Income as per Balance Sheet and Profit and Loss upto Rs. 10 Lakhs
  • Interest on Saving Bank Account

Business

950*
  • Expert Consultation
  • Proprietorship Business Income as per Balance Sheet and Profit and Loss upto Rs. 25 Lakhs.
  • Income from one House property
  • Interest on Saving Bank

Enterprise

1450*
  • Expert Consultation
  • Proprietorship Business Income as per Balance Sheet and Profit and Loss more than Rs. 25 Lakhs
  • Income from more than one House property
  • Capital gains (Shares/Property)
  • Interest on Saving Bank/Fixed Deposits
  • Notes:
  • * This price is inclusive of all Govt filing fee and excluding GST amount.

FAQ's

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