Proprietorship is the most common form of business in India preferred by almost every new entrepreneur as in this form of company, the business is run, managed, and controlled by one person only. The proprietorship company requires a lesser amount of money and the legal compliance required is less as well. The annual compliance filing only requires the annual financial statement of the company, the GST, and the Income Tax return of the proprietor. If a person is registered under the GST Act, he/she must file a GST return on a monthly basis. Failing to comply with the terms, and conditions of the annual compliance may result in penalties.
TradeLicense.co.in is a market-leading Company Registration firm in Kolkata, serving clients all over India. We provide various range of legal services which includes Annual Compliance for all types of organizations as well. Want to run your business hassle-free without any legal issues? Choose us as your legal partner, and we will take care of all the registrations, drafting legal agreements, and auditing on your behalf. Get a free quote today by consulting a TradeLicense.co.in advisor for your Proprietorship Company Annual Compliance.