Proprietorship Compliance

4.5 out of 5 based on 526 ratings

Price:

Original price was: ₹15,999.00.Current price is: ₹12,999.00.

Stay Compliant and Focus on Growing Your Business

Running a Sole Proprietorship is simple, but staying compliant with tax, accounting, and business regulations is essential to avoid penalties and ensure smooth operations. Regular compliance helps maintain financial transparency, build credibility, and keep your business legally sound.

At Prime filings, we offer complete Proprietorship Compliance Services in India — from accounting and tax filing to regulatory updates and renewals. Our experts handle all your compliance needs so you can focus on managing and expanding your business.

Our Services Include

GST Compliance
Assistance with GST registration, monthly/quarterly filings, and reconciliation to ensure timely and accurate reporting.
Income Tax Filing
Preparation and filing of the proprietor’s income tax return, including business and personal income computation.
Bookkeeping and Accounting
Maintaining accurate financial records to support reporting, audits, and tax filing.
TDS and Professional Tax Compliance
Calculation, deduction, and filing of TDS and professional tax returns as applicable.
License Renewals and Updates
Assistance with renewal of Shop & Establishment, Udyam, or any other business licenses.

Why Proprietorship Compliance Matters

Avoid penalties and legal complications
Maintain proper tax records and financial transparency
Build trust with banks, vendors, and clients
Simplify audits and financial reporting
Ensure smooth day-to-day business operations

Why Partner with Prime filings

Experienced professionals in taxation and compliance
End-to-end management of all regulatory requirements
Affordable and transparent pricing
Timely reminders for filings and renewals
Customized compliance plans for small businesses

1. What are the compliance requirements for a Proprietorship Firm?

A Proprietorship must comply with GST (if registered), file income tax returns, maintain proper accounts, and renew licenses such as Shop & Establishment or Udyam as needed.

2. Is audit mandatory for a Proprietorship Firm?

An audit is mandatory only if the business turnover exceeds the threshold limits defined under the Income Tax Act.

3. Does a Proprietor need to file separate tax returns?

No. The business income is treated as the proprietor’s personal income and filed under the individual’s PAN.

4. How often should GST returns be filed?

GST returns can be filed monthly or quarterly, depending on the turnover and chosen filing scheme.

5. Can Prime filings manage ongoing compliance?

Yes. Prime filings offers annual and periodic compliance packages to ensure your business remains fully compliant year-round.

Proprietorship Compliance