top of page

What tax forms do I need to file as a small business owner?

Curious about Small-Business Taxes

What tax forms do I need to file as a small business owner?

As a small business owner in India, you may be required to file various tax forms depending on your business structure and tax obligations. Here are some of the common tax forms that small business owners may need to file:

1. Income Tax Return (ITR) form: This form is used to report your business income and claim deductions and credits.

2. Goods and Services Tax (GST) returns: GST returns are filed to report your business's sales and purchases, and pay the applicable tax on them.

3. Tax Deducted at Source (TDS) returns: If you are required to deduct TDS from payments made to vendors or employees, you need to file TDS returns to report these deductions.

4. Advance Tax Challan: If your business is liable to pay advance tax, you need to use this form to pay the tax in installments throughout the year.

5. Tax Audit report: If your business meets certain turnover thresholds, you may be required to get a tax audit done by a Chartered Accountant and file the tax audit report with the Income Tax Department.

It is important to consult a qualified tax professional to understand your specific tax obligations and filing requirements.

Empower Creators, Get Early Access to Premium Content.

  • Instagram. Ankit Kumar (itsurankit)
  • X. Twitter. Ankit Kumar (itsurankit)
  • Linkedin

Create Impact By Sharing

bottom of page