1 Year GST Filing, TDS Filing and Income Tax Filing through LEDGERS Platform. Accountant will be assigned on request of client through LEDGERS Platform.

Complete By* : 06-FEB-2023


About this item

  • GST Return Filing
  • TDS Return Filing
  • Income Tax Return Filing

Terms and conditions


Offers and discounts

LEDGERS Invoicing Platform

Invoicing, GST Filing, Banking and Payroll

GST Invoice

Get GST eInvoice with Input Tax Credit

loading...
loading...
OTP

Phone Verification

Enter OTP send to 7894561230

Pricing Summary

Market Price : ₹ 11899
IndiaFilings : ₹ 8389 excl. GST
: ₹ 9899 incl. GST
GST Credit : ₹ 1510
You Save : ₹ 3510 (29%)
Government Fee : Included

Proprietorship Tax Return Filing In Coimbatore

A sole proprietorship is not taxed differently the business owner has to file the tax of the business-like individual returns. A proprietor has to file the proprietorship tax returns in Coimbatore as per the prevailing income tax rules. The income tax rates are however dependent on the slab rates that are applicable over his income.

Who is eligible for proprietorship tax return filing in Coimbatore?

  1. All the proprietors below the age of 60 with an income of more than Rs.3 lakh need to do the proprietorship tax return filing in Coimbatore.
  2. Proprietors who are above 80 years of age are required to file the proprietorship tax returns in Coimbatore if the income of the proprietor is exceeding Rs.5 lakh.
  3. If the proprietor is filing the income tax returns before the deadline and in case if there are any losses then losses can be carried forward. The deduction under Section 10A, 10B, 801A,801B, 801C will be permitted only after the proprietorship return filing in Coimbatore has been filed on or before the due date.

Is it necessary to carry audit while proprietorship tax returns filing in Coimbatore?

Based on the annual turnover of the proprietorships must be audited. An audit is required for the proprietorship firms in the following three conditions:

If the turnover of the proprietorship firm carrying business is exceeding Rs.1 crore during the given financial year.

In the case of professional auditing is required if the total gross receipts are exceeding Rs.50 lakh.

In case if the proprietorship has opted for a presumptive taxation scheme, irrespective of the turnover an audit should be carried.

The audit of the proprietorship firms needs to be carried out by a certified chartered accountant. The CA has to ensure that all the books of accounts are maintained and complied with.

What is the due date for filing the income tax return for a sole proprietorship firm in Coimbatore?

Particulars Due date
Income tax return filing wherein the audit is required 31st July
Income tax return filing where the audit is required 31st October

To file income tax returns for Proprietorships in Coimbatore contact our Compliance team or visit us at www.indiafilings.com

FAQ's

Proprietorships in Coimbatore must report all the profits and losses on the personal income tax, the sole proprietors are not taxed separately as such.
The proprietorships in Coimbatore file Form ITR 3 and Form ITR 4 in Coimbatore.
Before filing the annual returns for proprietorships in Coimbatore all the accounting of the company should be done. Accounts finalization and preparation of the final accounts of profits and loss is to be done.
The registrar of firms charges a late filing fee in case of delay. A delay will attract a penalty of Rs. 5000 or more.

Customer Reviews For Proprietorship

IndiaFilings has over 1 lakh customers and we have completed over 7 lakh services through our platform. At IndiaFilings, we take pride in the services delivered by us and guarantee your satisfaction with our services and support. We constantly improve and strive to deliver the best accounting, financial or secretarial services through the internet.

NASRIN NASEEM KHAN
GST Registration

Verified Customer

06 February 2023

How can we improve?

Thank u for being responsible

PAWAR PRACHI ARAVIND
UDYAM Registration

Verified Customer

06 February 2023

How can we improve?

The way of talking is very polite and sweet. Thank u dear for making my msme

PAWAR PRACHI ARAVIND
UDYAM Registration

Verified Customer

06 February 2023

How can we improve?

Thank u for msme registration

NASRIN NASEEM KHAN
GST Registration

Verified Customer

06 February 2023

How can we improve?

Great work.. thanks for gst registration

PAWAR PRACHI ARAVIND
UDYAM Registration

Verified Customer

06 February 2023

How can we improve?

Great working experience with prachi.. thanks dear

PAWAR PRACHI ARAVIND
GST Registration

Verified Customer

06 February 2023

How can we improve?

My interaction with Prachi has been very good she has lots of patience. She is very persuasive to get her work done. Nice to deal with a very pleasing personality.

M SHANMUGADEVI
GST Registration

Verified Customer

06 February 2023

How can we improve?

very good service and good communication. Thanks to Indiafilings.com

NILOFARNISHA K
Trademark Registration

Verified Customer

06 February 2023

How can we improve?

Excellent support anf provided clarification where required

User

Live Chat!

We are available

loading...