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Documents required for soul proprietorship ITR filing

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Priyanka Chaturvedi

32 Points Posted on 21 December 2020

what are documents required for proprietorship ITR filing ?

which ITR needs to file

Do proprietor needs to file seperate ITR for themselves and for their business ?

Replies (6)

Quick Summary

Filing your Income Tax Return (ITR) as a sole proprietor is straightforward. You'll typically need your PAN, Aadhaar, bank statements, and GST returns. Depending on your business income, you'll file either ITR-3 or ITR-4. Importantly, you only need to file one ITR for both your personal and business income, not separate returns.

prasad Nilugal

3924 Points Posted on 21 December 2020

What type of Business ?.

Priyanka Chaturvedi

32 Points Posted on 21 December 2020

Retail

Divyam Agarwal

Practicing Chartered Accountant

959 Points Posted on 21 December 2020

Only one ITR needs to be filed with the Income Tax Department.
File ITR 3 /ITR 4 depending on the nature of income.

Sivaramaraju G

Learner

2398 Points Posted on 22 December 2020

PAN and Aadhaar are required and bank statement if any bank transactions are doing and GST returns for sales figures. Books of accounts are also required if prepardd. and life insurance premium receipts etc...

Krishna Chaudhary

Accountant

4533 Points Posted on 09 January 2021

In case of an individual details of your income and bank statements are required to file your return

if you are a proper writer then no separate returns are required for you and your business