What are the Income tax implications on me as a Sole Proprietorship Firm?

magusJune 19, 2020

As there is no difference between a Sole Proprietorship Firm and a Sole Proprietor in the eyes of Indian Law, the income tax is applicable as per the tax slab applicable to an Individual.

Why we stand out?

Easy Accessability & Cost efficiency

Our online platform is especially designed to allow you quick and efficient access to specific service required by you at extremely competitive price.

Excellent Reminder Policy

Our Excellent reminder policy will never let you spend a single penny towards penalty or late fee for any compliance

Highly Experienced Consultants

You will get tailormade advice, based on various relevant parameters, such as your industry segment, business needs, type and size of your entity, by our highly experienced Consultants

Easy Return and Grievance Redressal Policy

While we take stern steps to ensure that our clients do not face any issues while availaing our services, we have set-up a Grievance Redressal Team to take care of all your grievances in a timely manner. Our promoters take every single grievance very seriously and personally oversee resolution in each case.

What our clients think about us

"It has been a wonderful experience dealing with MAGUS. They are efficiently organized and thoroughly clear with the subject of dealing. The cut-down wastage of time, repetitive demands and the methodology of dealing with the client has kept our bonding high with them. Its a MUST recommend to all business house to hire them as your professional partners"

Director , YUMFOODS & CONFECTIONERIES PRIVATE LIMITED

"I truly thank and appreciate Magus Professionals for their services and support. Ever since the incorporation of Rayaguru Infotech LLP, Magus Professionals has been there for us in meeting all the compliances in time and hassle free way. I strongly recommend Magus Professionals"

Designated Partner , RAYAGURUINFOTECH LLP

"My first interaction with Magus team was over a phone call made by them. Before this happened I had already recieved many phone calls made by similar organizations. I chose to get associated with Magus as the number of services they provide to their clients is unmatched. For a start up like mine, Magus is a one stop solutions. Starting from helping me prepare the rent agreement to helping me get all the required licenses and filing GST returns, they had it all covered. I have found their input very valuable time and again. Their dealings has always been extremely professional. I would like to thank them help me run my business and I hope this association stays for long"

Director , BFS AND MORE PRIVATE LIMITED

"Dear Magus Team, I want you to know how much I appreciate the excellent service you provided. Your attention to detail, great communication and ready smile made the experience even better than I expected. I won't hesitate to bring future clients to your establishment and you can be assured"

Director , RISING HIRESTAR CONSULTANCY PRIVATE LIMITED (OPC)