ITR Filing Due Date for Proprietorship Firm
Abhishek Kumar / 2020-01-30 06:00:52Proprietorship is considered the same as Limited Liability Partnership and normal companies that are registered in India under income tax. Due to this, it requires filling of income tax returns in a similar way. This is similar to a proprietor filing tax returns.
The following table shows the taxation of proprietorship
Due Date
There are 2 different
due dates for 2 different situations. Lets us go through both of them.
1. Proprietorship
which requires audit as per Income tax act
Date- 30th September
2. Proprietor
which doesn’t require audit as per Income tax act
Date- 31st July
Which ITR
proprietorship firm has to file?
Form ITR-3 or
form ITR-4 shall be filled by the proprietorship firms.
A proprietor/HUF who
is carrying out a business or a profession can file form ITR-3. One who pays
income tax under a presumptive taxation scheme (implemented with an intention
to provide ease to the small business under compliance by setting a fixed
profit margin on the total income) can file Form ITR-4
If you need any help regarding Income Tax Return Filing or ITR Filling you can contact us hassle free our business advisor will guide you very clearly
