Starting @ ₹ 1299/-

Income Tax Filing for Proprietorship firms

Professional income tax return filing services for sole proprietorships and individual businesses. Expert ITR-3/ITR-4 preparation, e-filing, and complete tax compliance for business owners.

Tax Expertise
Tax Planning
E-Filing
Year-Round Support
Built to Help You Thrive

Affordable, Transparent Pricing for Everyone

Best value with transparent pricing, expert support, and full compliance throughout.

Essential
1999(35% OFF)
1299
Inclusive of Tax & Govt. Fees

Comprehensive service with full documentation and support.

FEATURES

salary for small business covered under 44AD,44ADA
Pro
2899(31% OFF)
1999
Inclusive of Tax & Govt. Fees

Comprehensive service with full documentation and support.

FEATURES

Salary for business in which P&l and b/s are required Turnover upto 1 cr
Elite
3899(23% OFF)
2999
Inclusive of Tax & Govt. Fees

Comprehensive service with full documentation and support.

FEATURES

Salary for business in which P&l and b/s are required Turnover More than 1 cr
Filing Process

Step-by-Step Proprietorship Income Tax Return Filing Process

1

Business Documentation Gathering

Collect bank statements, sales records, purchase invoices, expense receipts, GST returns, and financial documents.

2

Document Verification & Reconciliation

Reconcile income and expenses, cross-check records with books, and ensure accuracy of financial documents.

3

Income & Expense Analysis

Analyze turnover, categorize expenses, calculate net profit, and determine presumptive taxation eligibility.

4

ITR Form Selection & Preparation

Select ITR-3/ITR-4, prepare detailed business income statement, compute tax liability, and optimize deductions.

8

Tax Computation & Planning

Calculate advance tax, TDS credits, self-assessment dues, and provide recommendations for future tax planning.

7

Quality Review & Verification

Conduct comprehensive review of prepared return, verify calculations, and ensure compliance with tax provisions.

6

E-Filing & Submission

Complete digital filing on income tax portal, generate acknowledgment receipt, and confirm successful submission.

5

Post-Filing Support & Records

Provide filed return copies, maintain records, and offer guidance on bookkeeping for the next financial year.

Afinthrive Advisory Private Limited
How We Simplify it For You

Step-by-Step to Your Growth

01

Sign Up & Choose Package

Create your account and pick the plan that fits your business — clear pricing, no hidden fees.

02

Upload Your Documents

Easily upload necessary documents securely. We ensure privacy and clarity at every step.

03

We Process & File

Our experts handle all the legal and compliance work for you — stress-free and quick.

04

Get Registered

Receive your registration certificate and documents via email. You're officially in business!

Documents Required for Proprietorship ITR Filing

Here is s a quick checklist of documents you will need to get started smoothly.

  • 1
    PAN card and Aadhaar card of proprietor
  • 2
    Bank statements of all business accounts
  • 3
    Sales invoices and purchase bills
  • 4
    Expense receipts and payment vouchers
  • 5
    GST returns (GSTR - 1, GSTR-3B) if registered
  • 6
    TDS certificates (Form 16A from customers)
  • 7
    Interest certificates from banks
  • 8
    Rent receipts and utility bills
  • 9
    Professional fees and consultancy payments
  • 10
    Asset purchase invoices and depreciation schedule
  • 11
    Previous year ITR and computation sheets
  • 12
    Books of accounts (if maintained or required)
  • 13
    Cash flow statements and trial balance (if applicable)
Proprietorship Tax Essentials

Key Requirements & Benefits for Sole Proprietorship Tax Filing

OR

Individual Business Owner

Sole proprietorships are taxed as individual income with business profits added to personal income for tax calculation.

Presumptive Taxation Option

Businesses with turnover up to ₹2 crores can opt for presumptive taxation at 8%/6% of turnover for simplified compliance.

Business Expense Claims

Claim all legitimate business expenses including rent, utilities, salaries, travel, and professional charges to reduce taxable income.

Filing Deadline July 31st

Proprietorships must file ITR by July 31st. If accounts require audit, deadline extends to September 30th for ITR-3 filers.

Books of Accounts

Maintain proper books if turnover exceeds ₹25 lakhs or if opting out of presumptive taxation for accurate profit calculation.

Advance Tax Planning

Pay advance tax if liability exceeds ₹10,000. Claim TDS credits from customers and banks for tax-paid amounts.

Additional Services

Complete Tax & Compliance Support for Proprietorships

1

Books of Accounts Setup

Establish proper accounting system, cash books, ledgers, and financial record maintenance as per Income Tax Act requirements.

2

GST Compliance Integration

Ensure seamless integration between GST filings and income tax returns, avoiding discrepancies and compliance issues.

3

Advance Tax Calculation

Calculate quarterly advance tax liabilities, provide payment schedules, and ensure timely compliance to avoid interest charges.

4

Business Registration Support

Assistance with business license renewals, professional tax registrations, and other statutory compliance requirements.

5

Tax Planning Consultation

Strategic tax planning advice, investment recommendations, and business structure optimization for future years.

6

Notice Response Support

Expert handling of income tax notices, penalty challenges, and representation before tax authorities when required.

Why Choose Professional Proprietorship Tax Filing

Benefits of Expert Business Tax Return Services

1

Business Income Optimization

Accurate profit calculation, proper expense categorization, and optimization of business income reporting.

2

Maximum Business Deductions

Claim all eligible business expenses, depreciation, and deductions to minimize your tax liability legally.

3

Form Selection Guidance

Expert advice on choosing between ITR-3 and ITR-4 based on your business turnover and income structure.

4

Presumptive Tax Benefits

Leverage presumptive taxation scheme under Section 44AD/44ADA for simplified compliance and lower tax rates.

5

Books of Accounts Support

Assistance with maintaining proper books, cash flow statements, and business records as per tax requirements.

6

GST-ITR Reconciliation

Ensure seamless reconciliation between GST returns and income tax returns for complete compliance.

1

Business Income Optimization

Accurate profit calculation, proper expense categorization, and optimization of business income reporting.

2

Maximum Business Deductions

Claim all eligible business expenses, depreciation, and deductions to minimize your tax liability legally.

3

Form Selection Guidance

Expert advice on choosing between ITR-3 and ITR-4 based on your business turnover and income structure.

4

Presumptive Tax Benefits

Leverage presumptive taxation scheme under Section 44AD/44ADA for simplified compliance and lower tax rates.

5

Books of Accounts Support

Assistance with maintaining proper books, cash flow statements, and business records as per tax requirements.

6

GST-ITR Reconciliation

Ensure seamless reconciliation between GST returns and income tax returns for complete compliance.

Clients Testimonials

Stories of Trust, Success
& Growth

Excellent service for my consulting business ITR. They optimized my deductions and explained presumptive taxation benefits clearly. Very satisfied with the professional approach.
Priya Sharma
Freelance Consultant
Great support for my retail business tax filing. They handled GST-ITR reconciliation perfectly and saved me significant tax through proper expense planning.
Amit Trading Co.
Retail Business Owner
Professional handling of my medical practice returns. Clear guidance on Section 44ADA presumptive taxation and excellent post-filing support.
Dr. Rajesh Clinic
Medical Practitioner
Comprehensive tax planning for my creative business. They identified deductions I wasn't aware of and made the entire process hassle-free.
Creative Studio
Design Agency
Efficient ITR filing with proper books maintenance guidance. Their expertise in IT sector taxation helped optimize my tax structure significantly.
Tech Solutions
IT Services Proprietor

Got Question? here are the answers.

Which ITR form should proprietorships use?

Proprietorships use ITR-3 for regular business income or ITR-4 if eligible for presumptive taxation under Section 44AD/44ADA.

What is presumptive taxation and who can use it?

Presumptive taxation allows businesses with turnover up to ₹2 crores to pay tax at 8% (digital payments) or 6% of turnover without maintaining detailed books.

When is the due date for proprietorship ITR filing?

Proprietorships must file ITR by July 31st. If business requires tax audit, ITR-3 filers get extended deadline till September 30th.

Do I need to maintain books of accounts?

Books are mandatory if turnover exceeds ₹25 lakhs or if you opt out of presumptive taxation. Otherwise, basic records are sufficient.

Can I claim home office expenses?

Yes, you can claim proportionate home expenses like rent, electricity, phone bills if part of your home is exclusively used for business.

How to handle TDS deducted by customers?

Claim credit for TDS deducted by customers using Form 16A certificates. This reduces your final tax liability or generates refund.

What if my business made losses?

Business losses can be set off against other income and carried forward for 8 years. Proper filing ensures you don't lose these benefits.

Do I need tax audit for my proprietorship?

Tax audit is required if turnover exceeds ₹1 crore (ITR-3) or ₹2 crores (ITR-4), or if you claim losses or higher profit than presumptive rates.

Can I convert from presumptive to regular taxation?

Yes, but once you opt out of presumptive taxation, you cannot use it for next 5 years and must maintain detailed books of accounts.

What business expenses can I claim?

All legitimate business expenses like rent, salaries, travel, professional fees, depreciation, interest on business loans, and operational costs are deductible.

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