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Simple Compliance for India's Most Popular Business Form

**Proprietorship businesses** are widely adopted in India, particularly by aspiring entrepreneurs, due to their simplicity and reduced legal requirements. In this structure, a single individual owns, manages, and oversees the business, requiring **lower capital investment**.

Proprietorship firms are still required to maintain compliance, similar to LLPs and Companies registered across India. **Proprietorship firm compliance basically includes filing of the income tax return.**

Key Annual Compliance Obligations

Annual compliance for proprietorship entities typically involves the submission of the company's annual financial statement, as well as the proprietor's **GST and Income Tax returns**.

  • **Income Tax Return (ITR) Filing:** Mandatory for the proprietor.
  • **Annual Financial Statement:** Submission of the company's financial accounts.
  • **GST Returns (If Registered):** Mandatory monthly/quarterly and annual GST returns (GSTR-9/9C) if the proprietor is registered for GST.

Neglecting these responsibilities may result in penalties, significantly impacting the proprietor's finances.

**Sujata Associates** offers comprehensive Annual Compliance support for proprietorships. Choose us as your legal partner for seamless business operations, free from legal complications. We handle registrations, draft legal agreements, and perform audits on your behalf.

Compliance Inquiry & Free Estimate

Let our experts handle your tax and financial filings efficiently.

Required Documents Checklist

To facilitate compliance, please provide the following documents:

  • **Invoices** of Purchases and Sales during the year
  • **Invoices** of expenses incurred during the year
  • **Credit Card Statements** (if used for business)
  • **Bank Statements** from all firm bank accounts
  • Copy of **GST returns** filed (if registered)

Why Partner with Sujata Associates?

Your trusted legal partner for seamless, budget-friendly compliance management.

Budget-Friendly Services

Sujata Associates is a flexible and experienced business consulting firm. We take pride to provide the best possible services in India with a cost-effectiveness that other companies can't match.

Reputation and Trust

We are providing legal business solutions for more than 25 years now. We have gradually built our reputation and now Sujata Associates is one of the leading business registration firms in India.

Information Security

We take our client's security as our top-most priority. Our privacy policy and payment gateways are secure and 100% trustworthy. That's why most of our work is repeat business. We guarantee you will come back!

Your One-Stop Solution

We have an entire team of highly skilled Accountants, CAs, Lawyers, Cost Accountants, Ex-Bankers, and Financial Experts. So, we have the exact service you are looking for in your business and Sujata Associates is your one-stop solution for all sorts of your business legalities.

Satisfying Client Experience

We have more than 1000+ satisfied clients all over India. We value our customers and we tried our best to deliver with integrity and efficiency. We ensure brands and names are seen and heard by the targeted customers. This turns our one-time clients into repeated ones. So, Check the testimonials!

Your Legal Advisor

Sujata Associates is more than business consulting firm. We aim to work side-by-side with our clients while providing all the necessary solutions for the business and its legalities. We are more like your legal partner you would love to have. Sujata Associates never hesitates to go the extra mile or few for their clients.