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BUSINESS & COMPLIANCE

ANNUAL COMPLIANCE

Proprietorship

Proprietorship Annual Compliance:


Proprietorships of India have only the minimal statutory compliances, which are much lesser than those applicable to the private or public limited companies. It is mainly because of the fact that a proprietorship has a no separate legal entity different from its owner or proprietor, and this form of business entity does not avail the benefits of limited liability. The annual income of the proprietor is considered the annual income of the proprietorship firm.
Hence, like other business/service entities which are registered under the Ministry of Corporate Affairs, the sole proprietorship firms are not required to file any annual report or financial statements with the MCA. The main and major statutory compliances to be made by these proprietorship firms are thus tax related periodic and annual compliances. However, some more periodic or annual compliances may also be required for the purposes of business regulation/recognition.

Documents Required for Annual Compliances For Proprietorship:- (All copies of documents should be self-attested by the customer)


  1. Invoices of Purchases and Sales during the year
  2. Invoices of expenses incurred during the year
  3. Credit Card Statements if Expenses are incurred by Proprietor on behalf on Company
  4. Bank Statements from 1 April to 31 March for all bank accounts in the name of firm
  5. Copy of VAT or Service Tax returns file
  6. Copy of TDS Challans Deposited
  7. Copy of TDS Returns filed. (if any)

Process:

  • Documentation
  • GST returns
  • Finalization of Balance Sheet
  • Income Tax Return
  • Tax Audit

IN WHAT WAY WE CAN ASSIST YOU WITH THE SINGLE MORTAL ORGANIZATION

Capital flow makes you, much easy to register a one person company within 7-10 days, subject to government and client processing time.

Title Authorization

For approval of name, we need minimum one and a maximum of six name choices which can be submitted to the government. The subject to availability, company naming guidelines and government processing time, name approval can be obtained in 2 to 4 working days.

Registration Of Organization

when we are providing a company name approval, incorporation documents must be submitted to the government at any cost along with an application for company registration. So the government will basically approve the application for incorporation in 5 to 7 days.

Leading A New Strategic Project

Getting a project is not an easy deal to work with. We are here to help you in advising and supporting to get a good and strategic project to move your way into profits. At the same time, we may help you to reach your goals with some efforts and help to make your work easy.

DSC & DIN

Digital Signature Certificate (DSC) and Director Identification Number (DIN) are mandatory for the proposed director of the one person company. DIN and DSC can be also be obtained for the proposed director within 2 to 4 working days.

Objectives To Register Single Mortal Organization

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Solitary Supporter

Single Mortal Company is the only type of company started and managed by a single person in all aspects with all liabilities in all over India. The Main advantage in this is he/she can easily transfer the ownership from one to other.

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Successive Existence

A company has 'ceaseless', meaning successive subsistence until it is officially dissolved.It is also a separate constitutional person, forthright by the death or other departure of any member and continues to be in existence irrespective of the changes in the ownership.

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Effortless Exchangeble

Proprietorship of a business can be easily transmitted to a company by transferring shares. The signing, filing and transfer of share transfer form and share certificates are sufficient to transfer ownership of a company. An individual a person company ownership can be transferred by altering the shareholding.

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Having Own Premises

A company is an artificial person which can acquire its own, enjoy and isolated, property in its name. This property is owned by a company like which could be machinery, building, intangible assets, land, residential property, factory, etc.