Tag Archives: Income Tax

Is it necessary to register the Sole Proprietorship firm in India?

No. No registration is required for a sole proprietorship. You simply have to open a bank account with the name & style you want to work. But if you are liable for state VAT or service tax registration, then you … Continue reading

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I have forgot to deposit the form ITR-V

As per circular of the CBDT you can file verification form ITR-V (pdf) within 30 days of uploading the electronic data then date of uploading the data will be treated as date of filing of income tax return.  But if you … Continue reading

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What is Sole proprietorship in India?

The sole proprietorship is the oldest, simplest, and most common form of business entity. It is a business owned by a single individual. For tax and legal liability purpose, the owner and the business are one and the same. The … Continue reading

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