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Proprietorship Registration 

A proprietorship is a business owned and operated by an individual, allowing for complete control and decision-making. This structure is often favored for its simplicity and ease of setup, making it an ideal choice for entrepreneurs looking to establish their own ventures.

Services Included in Proprietorship Registration

Illustration representing income tax return filing for proprietorship businesses

Income Tax Return (ITR) Filing

  • Calculating income from business/profession

  • Claiming eligible deductions

  • Applying advance tax/TDS credits

  • Filing return with the Income Tax Department

  • Acknowledgement (ITR-V) download & email

Illustration showing monthly or quarterly GST return filing for proprietorships

GST Return Filing (Monthly/Quarterly)

  • Preparing GSTR-1 (outward supply)

  • Filing GSTR-3B (summary return)

  • Reconciling sales/purchases

  • Avoiding late fees or penalties

  • Filing NIL returns if there are no transactions

Illustration representing preparation of financial statements for proprietorship firms

Financial Statement Preparation

  • Basic Profit & Loss Statement

  • Balance Sheet

  • Cash Flow Summary (if needed)

  • Useful for ITR filing, loans, audits, or investments

Illustration showing advisory support for business compliance requirements

Business Compliance Advisory

  • Ongoing compliance support through:

  • Guidance on tax deductions and payments

  • Updates on due dates (GST, TDS, ITR)

  • Advising on record keeping and business expenses

  • Eligibility checks for schemes or registration

Illustration representing TDS return filing for proprietorships where applicable

TDS Return Filing (if applicable)

  • If your business deducts TDS (like rent, salary, contractor payments), we handle:

  • TDS calculations as per IT rules

  • Filing quarterly TDS returns (Form 26Q, 24Q, etc.)

  • Providing Form-16/Form-16A

  • Generating TDS challans and reconciliation

Illustration showing basic maintenance of books of accounts for proprietorship businesses

Books of Accounts Maintenance (basic)

  • We maintain your basic books digitally:

  • Recording daily sales/purchases

  • Expense tracking

  • Ledger summaries

  • Monthly reports on request (for Premium plans)

Proprietorship Registration Services at TaxVichar

Launch your business with hassle-free Proprietorship Registration!
Whether you're a freelancer, local seller, trader, or service provider — we offer the right plan to get your proprietorship registered quickly and legally, so you can focus on growing your business with confidence.

💸 Our Pricing Plans

Frequently Asked Questions (FAQs)

1 / Is annual compliance mandatory for proprietorships?

Yes, even though not registered with ROC, proprietorships must comply with tax laws like ITR and GST returns.

2 / Do I need to file GST returns if I don’t have GST registration?

No, GST return filing is applicable only if your business is registered under GST.

3 / Can I file ITR without maintaining books of accounts?

You may be liable for late fees of ₹50 to ₹200 per day and interest on tax dues.

4 / How frequently should returns be filed?

ITR is filed annually; GST can be monthly or quarterly depending on your turnover

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