Annual 

Filing for Proprietorship

Get your annual filing for proprietorship done at just  INR 3,499/- only.

Ebizfiling helps you file taxes and yearly compliances as required by the Income Tax Department.

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What is Proprietorship Firm Annual Filing Service?

All you need to know

Annual filing for proprietorship means submitting all required tax and financial reports every year to the Income Tax Department and other authorities. Every sole owner must complete these filings to stay compliant with Indian tax laws. It includes ITR filing, business income reporting, GST returns, and other yearly updates.

According to the Income Tax Department, every person earning business income must file their return within the prescribed deadlines. A proprietorship is not a separate legal entity, so all income is taxed in the owner’s name. This makes accurate reporting even more important.

Proprietorship annual compliance also includes GST filings if the business is registered under GST. As per the GST portal, monthly, quarterly, or annual GST returns must be filed depending on turnover and scheme. Missing these filings may lead to penalties.

Annual filing services for proprietorship firms ensure that all documents, taxes, and declarations are filed correctly and on time. With Ebizfiling, you get expert guidance, reminders, and accurate filing based on actual rules.

Who Needs Annual Filing for Proprietorship?   

Annual filing is required for every individual operating a sole proprietorship in India. It applies to small traders, shop owners, freelancers, service providers, online sellers, and GST-registered businesses. Any person earning income from business must file ITR as per Income Tax rules, even if the business turnover is low or profit is minimal.

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Why Ebizfiling For Annual filing for proprietorship  ? 

Ebizfiling is a leading business platform offering end-to-end incorporation, Compliance, Advisory, and Business Consulting Services in India and worldwide. With a team of highly qualified and experienced professionals, including chartered accountants, company secretaries, lawyers, and business administrators, Ebizfiling provides comprehensive services, including annual filing, book-keeping, tax filing, and compliance with legal and regulatory requirements for your partnership firm. We offer customized solutions to meet your unique needs and innovative E-Retainer packages that provide end-to-end support for all your compliance needs.

Ebizfiling offers Annual Filing and Accounting and Book-keeping services Proprietorship Firm. our team is familiar with various Business Accounting Software recognized by Indian law, including the latest version of Tally Accounting Software, QuickBooks, Zoho, and more. As Virtual Accountants, Ebizfiling handles your accounting and compliance issues, allowing you to focus on your core business. We also offer a range of other services such as Public Limited Annual filing, OPC Annual Filing, payroll and CMA report preparation.

You may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for free consultation and to know more about the services provided by us.

Cost for Annual Filing & Book-keeping & Accounting Service for Proprietorship Firm

ESSENTIAL

3499/-

(All Inclusive)

  • Accounting for one month upto 100 entries
  • Preparation of Final accounts & Annual Report, if yearly package is opted
  • Monthly MIS reporting

ENHANCED

7999/-

(All Inclusive)

  • Accounting for one month upto 300 entries
  • Preparation of Final accounts & Annual Report, if yearly package is opted
  • Monthly MIS reporting

ULTIMATE

9999/-

(All Inclusive)

  • Accounting for one month upto 700 entries
  • Preparation of Final accounts & Annual Report, if yearly package is opted
  • Monthly MIS reporting

Benefits of Annual Filing for Proprietorship 

Accurate Compliance 

Timely annual filing ensures your proprietorship follows Income Tax and GST rules correctly so you avoid penalties, notices, and compliance issues.

Financial Clarity 

Proper yearly filing keeps all income, expense, and business data organized, helping you track performance and make better financial decisions.

Easy Verification 

Updated and accurate records make verification by authorities smooth, reducing the chances of queries during tax processing or GST reconciliation.

Penalty Protection 

Regular filing protects you from late fees and legal consequences by ensuring every return, report, and statement is submitted on time.

Better Credibility 

A clean filing record builds trust with banks, lenders, and clients because it shows that your business follows proper rules throughout the year.

Growth Support 

Filed statements help you plan business expansion, apply for loans, show financial eligibility, and maintain transparent records for future needs.

 Documents Required for Annual Filing of Proprietorship   

  • PAN card of proprietor

  • Aadhaar card of proprietor

  • Bank statements for the financial year

  • Purchase and sales details

  • Expense records

  • GST login credentials (if applicable)

  • Previous year ITR copy

  • Summary of business income

  • Digital signature (if required)

Process for Proprietorship Firm Annual Filing

1

Share documents

2

Expert verification

3

Draft preparation

4

Filing on portals

5

Acknowledgement shared

 How Ebizfiling Processes Annual Filing for Proprietorship?   

  • We review your business income, bank statements, GST data, and documents to identify the correct filing method as per Income Tax Department rules.

  • We collect and verify all financial details to prepare accurate statements and avoid mistakes or notices during proprietorship annual compliance.

  • We file your ITR, GST returns, and yearly declarations on the Income Tax and GST portals under the correct forms and required reporting categories.

  • We manage all follow ups, respond to any portal queries, and update you on the status of your annual filing for proprietorship at every stage.

  • We share the filing acknowledgement, organize your records, and guide you on future compliance deadlines to keep your business updated each year.

  

Ebizfiling

FAQs – Annual Filing for Proprietorship   

Answers to all your queries

  • What is an annual filing for proprietorship?

    It means submitting your yearly Income Tax Return and business statements to the authorities. This keeps your proprietorship legally compliant.

  • Is it mandatory for every proprietor to file ITR?

    Yes. Anyone earning business income must file an ITR every year as per Income Tax Department rules, even if the income is small or irregular.

  • Do I need GST filing also?

    If your business is registered under GST, you must file monthly, quarterly, or annual GST returns as per the category you fall under.

  • Can I file my proprietorship return without books of accounts?

    Yes. If eligible, you can file under presumptive taxation, where income is declared at a fixed percentage. We help assess if you qualify.

  • What happens if I skip annual filing?

    You may face late fees, penalties, or notices from the Income Tax Department or GST authorities. It also affects your financial records.

  • What documents are required for annual filing?

    You need basic ID proof, bank statements, sales and expense details, GST data, and your previous ITR. Requirements vary by business type.

  • Is proprietorship filing different from company filing?

    Yes. A proprietorship is taxed under the owner’s PAN, while companies file returns as a separate legal entity with separate compliances.

  • Can I claim business expenses?

    Yes. You can claim eligible expenses to reduce taxable income. Proper documentation ensures you get full benefit without disallowance.

  • Can GST late filing affect income tax filing?

    Yes. Mismatch between GST data and ITR details may trigger verification or queries. Filing both correctly avoids such issues.

  • Do I need a digital signature for filing?

    In most proprietorship cases, Aadhaar OTP verification is enough. A digital signature is required only in specific situations.

  • Can a freelancer file taxes as a proprietor?

    Yes. Freelancers, consultants, and gig workers are treated as proprietors for tax purposes and must file annual ITR accordingly.

  • How does presumptive taxation work?

    You declare a fixed percentage of your turnover as income instead of maintaining detailed books. It is useful for small businesses.

  • How long does the filing process take?

    With complete documents, the process usually takes 2 to 3 working days. Delays happen only if your records need extra review.

  • Can I get a refund on tax paid?

    Yes. If excess tax was paid during the year, you get a refund after your ITR is processed by the Income Tax Department.

  • Is audit required for a proprietorship?

    Audit is needed only if turnover crosses the limits defined under the Income Tax Act or if GST laws mandate it for your business.

  • How can I avoid getting tax notices?

    Maintain correct records, match GST and income data, and file returns on time. We ensure your filings follow all official rules.

  • Can I file previous year’s return now?

    Yes, belated or updated returns can be filed if the portal allows. We guide you on eligibility and the correct method.

  • What if I had no income during the year?

    You can still file a nil return. It keeps your compliance record clean and helps with loan applications or future registrations.

  • Is GST registration required for all proprietors?

    No. It is mandatory only if turnover crosses the GST threshold, or if you sell interstate or operate under special categories.

  • Why should I choose Ebizfiling for annual filing?

    We follow Income Tax and GST portal rules closely, prepare accurate filings, and support you throughout the year for full compliance.

Reviews

  • Client Review, Ebizfiling

    Ahmed Shaikh

    23 Sep 2018

    Ms. Ishani and other team members are very helpful in the entire process of GST filing.

    I really appreciate their support superb team.

    Cheers!!!!*****

  • Addittya Tamhankar

    21 Jul 2018

    EBIZFILING COMPANY IS GOOD. I APPRECIATE THEIR WORK, THEY HAVE BEEN VERY MUCH RESPONSIVE AND RESPONSIBLE, THEIR SERVICE COMES AT AN AFFORDABLE PRICE. TOO GOOD TO BELIEVE. KEEP ROCKING GUYS! GOD BLESS.

  • Ebizfiling

    Ajay kumar

    14 Jun 2019

    Good service provided by ur staff.

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