Proprietorship ITR Filing – Up to ₹20 Lakh Turnover
Simplified presumptive ITR filing for small proprietorship businesses
Overview
Proprietorship ITR filing for businesses with turnover up to ₹20 lakh is designed for small traders, neighbourhood shop owners, and early-stage online sellers who comfortably qualify for the presumptive taxation scheme under Section 44AD. Under this scheme, 8% of turnover (cash transactions) or 6% of turnover (digital transactions) is deemed as taxable profit, eliminating the need to maintain detailed books of accounts or undergo a tax audit. Since the proprietorship has no separate legal identity, all business income is reported under the proprietor's own PAN alongside any other personal income, making accurate turnover tracking the foundation of correct and simplified compliance at this scale.
Services Included
- Turnover computation and 44AD eligibility verification
- Cash vs digital transaction ratio assessment
- Presumptive income computation (8%/6%)
- GST registration applicability review
- Advance tax calculation for the financial year
- ITR-4 preparation and e-verification
Who Should Buy
- Small traders and shop owners
- Early-stage online sellers
- Service-based small businesses
- First-time business ITR filers
How It's Done
Subject to confirmed turnover within the presumptive threshold
(Estimated completion: 2–4 working days)
Buy the plan
Select and pay for the service.
ITR expert assigned
A tax expert will get in touch with you.
Document collection & verification
Sales records and bank statements reviewed.
Turnover & income computation
Presumptive income computed under Section 44AD.
ITR filed & e-verified
Return is filed and e-verified on the income tax portal.
Documents Required
PAN Card
Aadhaar Card
Sales summary for the financial year
Bank statements (business accounts)
GST registration certificate (if registered)
Basic purchase/expense records
Investment proofs for deductions (Old Regime)
FAQs
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Proprietorship ITR Filing – Up to ₹20 Lakh Turnover
₹3,999