Proprietorship Annual Compliance
No ROC filing, but the rest still applies.
A proprietorship has no MCA obligations because it is not a registered entity, which leads people to assume it has none at all. It still owes an income tax return in the proprietor's name, GST returns where registered, TDS where it deducts, and a tax audit above the turnover threshold.
The obligations that actually catch proprietors out are the renewals — shop and establishment, FSSAI, trade licence — which lapse without a notice and are discovered during an inspection.
What is included
- Income tax return with business income
- GST returns for the year
- TDS returns where applicable
- Licence renewal calendar maintained
What we need from you
- Books of account or bank statements
- GST registration and login
- Existing licences and their expiry dates
- PAN and Aadhaar of the proprietor
Questions
Does a sole proprietorship need to file an annual return?
Not with the MCA — it is not a registered company. It files an income tax return in the proprietor's own name, plus GST and TDS returns where those registrations exist, and a tax audit above ₹1 crore turnover.
Also in MCA & ROC
Talk to us
Get started with Proprietorship Annual Compliance
Tell us a little about the business and a chartered accountant will call you back. You will get a firm quote before any work begins.
- A qualified accountant on the call, not a call centre
- A firm quote before any work begins
- Your details are never sold or shared