How is a proprietorship taxed?

Name: Vijay R Singh & Co.
Address: Office No. 4, Vishal CHSL, D Wing, Sir Mathuradas Vasanji Road, Azad Nagar, Opp. Andheri Gymkhana, Andheri East, Maharashtra, 400069, IN
Telephone: +91 98607 23959

CA Vijay R Singh, FCA
Chartered Accountant · ICAI M.No. 153926 · FRN 136869W

Short answerA proprietorship isn’t taxed separately — its profit is your personal income, taxed at your individual slab rates under the old or new regime. You file it in your own ITR (usually ITR-3, or ITR-4 if presumptive), and you can use 44AD/44ADA presumptive taxation.

Taxed at your slab

Business profit is added to your other income and taxed at your slab — no separate company tax.

ITR-3 / ITR-4, presumptive option

File ITR-3, or ITR-4 if you opt for 44AD/44ADA presumptive taxation.

NRI Taxation

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This answer is general information for NRIs, not tax advice. Tax rates, thresholds and forms change with each Finance Act — please confirm the current position for your own facts, or speak to us, before acting.