Income Tax Business Entrepreneurs Proprietorship

Proprietorship or HUF (Hindu Undivided Family)

Advantages:

• Loan proceedings becomes easier and hassle free.
• Credit card applications processes
• TDS can be refunded
• Losses can be carried forwarded
• Visa can be processed

Documents needed :

• Details of bank account
• Cards:
  • Pan card
  • Aadhar card
• Balance sheet & profit and loss statement {Financial statements}
• Details of payments of LIC, PPF, etc. [if any]
• Details of other income from property or shares etc. [if any]
• If applicable, auditor’s details.