Proprietorship

TaxDost: Proprietorship Services

About TaxDost: TaxDost is a trusted provider of business compliance and tax services, dedicated to simplifying the process of setting up and managing a sole proprietorship. Our experienced team offers comprehensive services to help you establish and maintain your proprietorship, ensuring compliance with all relevant laws and regulations.

Proprietorship Services

1. Proprietorship Registration

A sole proprietorship is the simplest form of business structure, where the business is owned and managed by a single individual. TaxDost offers end-to-end assistance in registering your proprietorship, ensuring a smooth and hassle-free process.

Key Features of our Proprietorship Registration Services:

• Business Name Selection: Guidance on choosing a unique and appropriate business name.
• Registration with Local Authorities: Assistance with registration under the applicable local laws and regulations, such as the Shop and Establishment Act.
• PAN and TAN Application: Application for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your business.
• GST Registration: Assistance in obtaining GST registration if your business turnover exceeds the threshold limit or if you are involved in inter-state supply.
• MSME Registration: Assistance with Micro, Small, and Medium Enterprises (MSME) registration to avail of various government benefits.

Documents Required for Proprietorship Registration:

• Identity Proof: PAN card, Aadhaar card, or passport of the proprietor.
• Address Proof: Electricity bill, water bill, or rental agreement for the business premises.
• Bank Account Details: Copy of a canceled cheque or bank statement.
• Other Documents: Depending on the specific requirements of your state or local authority.

2. GST Return Filing for Proprietorship

Proprietors who are registered under GST need to file regular GST returns. TaxDost provides comprehensive GST return filing services to ensure timely and accurate compliance.

Key Features of our GST Return Filing Services:

• Data Compilation and Verification: Compilation and verification of sales and purchase data.
• Return Preparation and Filing: Preparation and filing of various GST returns, such as GSTR-1, GSTR-3B, GSTR-9, etc.
• Input Tax Credit Reconciliation: Reconciliation of input tax credits with supplier data.
• Compliance and Support: Ensuring compliance with all GST regulations and providing ongoing support.

3. Income Tax Return (ITR) Filing for Proprietorship

Proprietors are required to file income tax returns annually. TaxDost offers professional ITR filing services to ensure accurate and timely submission.

Key Features of our ITR Filing Services:

• Income Assessment: Assessment of business income, expenses, and deductions.
• Return Preparation and Filing: Preparation and filing of the appropriate ITR form (usually ITR-3 or ITR-4).
• Tax Planning and Advisory: Advice on tax-saving strategies and compliance with income tax laws.
• Post-Filing Support: Assistance with any post-filing queries or notices from the Income Tax Department.

Documents Required for ITR Filing:

• Financial Statements: Balance sheet and profit and loss statement.
• Bank Statements: Bank statements for the financial year.
• Purchase and Sales Invoices: Detailed invoices for purchases and sales.
• Expense Receipts: Receipts for business expenses.
• Tax Payment Details: Details of advance tax and self-assessment tax payments.

4. Other Compliance Services

TaxDost offers a range of additional compliance services to support your proprietorship, including:

• Bookkeeping and Accounting: Maintaining accurate financial records and preparing financial statements.
• TDS Compliance: Deducting and filing Tax Deducted at Source (TDS) returns.
• Licenses and Permits: Assistance in obtaining necessary business licenses and permits.

Why Choose TaxDost for Your Proprietorship Needs:

• Expertise: Our team has extensive experience in handling proprietorship compliance and registration.
• Accuracy: We ensure precise data entry and thorough verification to avoid errors.
• Timeliness: We prioritize timely filing and compliance to avoid penalties.
• Support: Continuous support and guidance throughout the process and beyond.

With TaxDost managing your proprietorship compliance and registration, you can focus on growing your business while we take care of the regulatory requirements. Contact us today to avail of our comprehensive proprietorship services and ensure a smooth and compliant business operation.