How to file return for small proprietor business

You should take help of  a CA.

1] Give all your current ac bank statements

2] All expense Vouchers

3] Give all the other income details such as int of FD, simple int from savings bank and income from any other sourse except Biz

4) Give all the capital gains/loss income  from stocks, House etc.

5) All Investments made under Chapter VI such as NSC, PPf, Post office time deposit etc.

6) Give all the exempt income such as Interest from PPF, Dividednt from Listed companies etc.

CA will prepare P&L, BS dep schedule etc and file ITR-4 for you 

The proprietorship business is not taxed separately but you need to file for you business along with your personal tax filing. Sole Proprietorship is eligible for all IT deductions as applicable to an individual as an owner of a business. There are various other things you need to take care of while filing your returns. Please call us on +91 22 6562 6270 / 80 and we will guide you or visit us at  Myefilings to know more.

Simple ITR4S can be filled if the business is eligible for 44AD.