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Maintain Proprietorship Compliance

Under various regulations like Company and LLP, Proprietorship firms must maintain compliance.

Complisure offers an easy and simple process for maintaining Proprietorship Compliance.

In India, compliance comprises Income Tax Returns, Corporate entities like Company and LLPs need Annual Return Filing under the Ministry of Corporate Affairs and IT Return filing for Proprietorship firms. Besides this basic compliance, proprietorship firms should remain compliant with regulatory requirements like TDS, GSR, ESI, PF and other regulations. Maintaining business compliance will vary based on incorporation, industry, type of entity, industry, state of incorporation, number of employees and sales turnover, the compliance requirement. The Proprietorship firms with a turnover of Rs. 100 Lakhs or over Per Year must obtain a tax audit.

Complisure is India’s most trusted business compliance provider, offering services like partnership firm compliance, trademark filing, GST registration, income tax filing, LLP Registration, and more.

Schedule an appointment with our professional and get a free consultation today!

Major Compliances Requirements for a Proprietorship

Income Tax Filing

It is compulsory for all Proprietorship businesses with taxable income above the exemption threshold must compulsorily file Income Tax. In some cases, a tax audit must be filed.

GST Filing

Proprietorships under GST scheme, must file a monthly, quarterly and annual GST returns.

ESI Return

All proprietorship firms having Employee State Insurance (ESI) registration must file ESI returns. Partnership firm employs over 10 employees must have ESI registration.

TDS Filing

Proprietorship firms that have TAN must file Quarterly TDS returns and are required to deduct tax at source as per TDS rules.

How we help with proprietorship firm compliance

Tax Return Preparation

On the close evaluation of your company’s financials and performance during the preceding financial year, our expert will prepare and file the Tax Return for your Proprietorship firm.


On completing filing the Income Tax Return in the prescribed format, the Client’s finance team will verify and prepare a return and attach a digital signature.


Once verified, the Tax Return will be filed with the IT department along with required attachments