The Classic Partners LLP
Proprietorship Compliance Services
Simple, reliable compliance for sole proprietorships in India. We manage your income-tax return, GST filings, TDS, and applicable registrations so your proprietorship business stays compliant while you focus on running it.
Talk to a Proprietorship Compliance ExpertWhat is Proprietorship Compliance?
A sole proprietorship is not a separate legal entity — the proprietor and the business are the same in law — so there is no company-style ROC filing. Compliance instead flows through the proprietor's income-tax return, GST where registered, TDS, and any local or sector registrations.
A proprietor files income tax in Form ITR-3 or ITR-4 (presumptive), files GST returns where registered, deducts TDS where applicable, and may need a Shop & Establishment licence, professional tax registration, or Udyam (MSME) registration. A tax audit under Section 44AB applies once turnover thresholds are crossed. We manage the full calendar and can advise on moving to a partnership firm or company as you grow.
Who Needs Proprietorship Compliance?
- Individual business owners and freelancers.
- GST-registered proprietors.
- Proprietors liable to tax audit.
- Shops, traders, and service providers.
- Proprietors deducting TDS or employing staff.
Our Proprietorship Compliance Services
Income Tax Return (ITR-3/4)
Filing under normal or presumptive taxation as applicable.
GST Registration & Returns
Registration, periodic returns, and reconciliations.
TDS Compliance
Deduction, deposit, and quarterly TDS returns.
Tax Audit (Sec 44AB)
Audit and reporting where turnover thresholds are crossed.
Registrations & Licences
Udyam (MSME), Shop & Establishment, and professional tax support.
Accounting & Book-Keeping
Maintenance of accounts and financial statements.
Why Choose The Classic Partners
- Specialised experience across corporate, FEMA, and tax compliance for businesses of every size.
- End-to-end handling filings, audit coordination, and follow-up managed under one roof.
- Timely reporting so you never miss a statutory deadline or attract avoidable penalties.
- Transparent fees and a dedicated point of contact you can actually reach.
Frequently Asked Questions
What compliances apply to a proprietorship?
A proprietorship's compliance runs through the proprietor's income-tax return, GST returns where registered, TDS where applicable, and any local registrations such as Shop & Establishment or Udyam (MSME).
Does a proprietorship file a separate return from the owner?
No. A sole proprietorship is not a separate legal entity, so its income is reported in the proprietor's own income-tax return, generally in Form ITR-3 or ITR-4.
Is GST registration mandatory for a proprietorship?
GST registration is required once turnover crosses the prescribed threshold, or where the business makes inter-state or other notified supplies; below that it is optional.
When is a tax audit required for a proprietor?
A tax audit under Section 44AB applies when turnover or gross receipts exceed the prescribed limit, or where presumptive-taxation conditions trigger an audit.
What registrations does a proprietorship usually need?
Depending on the activity, a proprietorship may need GST registration, a Shop & Establishment licence, professional tax registration, and Udyam (MSME) registration.
Can you handle proprietorship compliance outside Mumbai?
Yes. We manage proprietorship compliance for clients across locations and coordinate documents and filings remotely.
Need help with your compliance?
Get clear, deadline-driven compliance handled by experienced Chartered Accountants.
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