Other Compliances · Panaji, Goa
Complete proprietorship compliance in Goa — the income-tax return (ITR-3 or ITR-4), GST returns, TDS, tax audit where applicable, and licence renewals — handled together, since a proprietorship's compliance flows through the proprietor's own filings.
Overview
A sole proprietorship is not a separate legal entity — the proprietor and the business are one — so there is no ROC compliance, but the tax and regulatory obligations are real. The proprietor files the business income in their income-tax return (ITR-3, or ITR-4 under the presumptive scheme), and meets GST and TDS obligations where applicable.
Depending on turnover, a tax audit under Section 44AB may apply, and licences such as the Shop Act registration and Udyam need upkeep. We manage the whole proprietorship compliance set — direct tax, GST and licences — so nothing is missed, complementing our statutory registration support.
What's covered
The proprietor's full compliance, in one place.
Get a fixed-fee quote →Filing ITR-3 or presumptive ITR-4 for the business.
GSTR-1, GSTR-3B and annual return where registered.
TAN, deduction and quarterly TDS returns where applicable.
Section 44AB audit when turnover crosses the limits.
Maintaining proper books and records.
Renewing Shop Act, Udyam and other licences.
Our process
We set out the proprietor's filing calendar.
We maintain books and file GST returns.
We file the income-tax return and any audit.
We keep licences and TDS current.
Frequently asked questions
A sole proprietorship's compliance flows through the proprietor — filing the business income in the income-tax return (ITR-3 or ITR-4), meeting GST and TDS obligations where applicable, undergoing a tax audit if turnover crosses the limits, and renewing licences such as the Shop Act and Udyam. There is no ROC compliance.
A proprietor files ITR-3 for business or professional income under normal provisions, or ITR-4 if opting for the presumptive taxation scheme under Section 44AD or 44ADA. The business income is taxed in the proprietor's hands at individual slab rates. We file the correct return.
A tax audit under Section 44AB applies when the proprietorship's turnover or gross receipts exceed the prescribed limits, or in certain cases where presumptive provisions are not opted for. We assess whether the audit applies and conduct it where required.
If registered for GST, a proprietor files the periodic returns — typically GSTR-1 and GSTR-3B — and the annual return where applicable, along with reconciliations. We manage the GST filings so they stay current and accurate.
No. A proprietorship is not separate from its owner — the proprietor and the business are the same in law, which is why compliance runs through the proprietor's personal filings and the proprietor bears unlimited liability. We keep all the related filings in order.
If the proprietorship is liable to deduct TDS — for example on certain payments above the thresholds, or where it was under tax audit in the preceding year — it needs a TAN and must deduct and file quarterly TDS returns. We handle the TDS compliance where it applies.
Book a free consultation and share your business details. We manage the income tax, GST, TDS and licence compliance together, on a transparent fee.
Related services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll manage your proprietorship's tax and compliance — no obligation.