itr for proprietorship

ITR Filing for Business, Proprietorship, Salaried & Self Employed Individuals

October 6, 2022December 13, 2022 admin No Comments

The sole proprietorship model is the most common form of business in India, with crores of taxpayers running their businesses in it. When the total income of a sole proprietor (individual) exceeds the threshold limit prescribed by the Income Tax Act, 1961, the sole proprietor is required to file an income tax return. When filing … Read More “ITR Filing for Business, Proprietorship, Salaried & Self Employed Individuals” »

Which Tax Return Is Used By A Sole Proprietorship?

September 30, 2022December 12, 2022 admin No Comments

itr for proprietorship

The most prevalent business structure is a sole proprietorship, partly because it is the most straightforward to set up. Due to the fact that the sole proprietor does not distinguish between himself and the business when it comes to taxes, the IRS sees you as both. This business structure is not incorporated; therefore, you are … Read More “Which Tax Return Is Used By A Sole Proprietorship?” »