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February 2, 2026

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sole proprietorship taxes

Sole Proprietorship Taxes: A Simple Guide

Accounting & TaxesBy Abhishek ShelarFebruary 2, 2026Leave a comment

I remember sitting across from a freelance graphic designer last year who’d just received a notice for advance tax penalties. She’d earned ₹12 lakhs, paid zero quarterly instalments, and genuinely believed “tax filing happens in July.” The ₹18,000 penalty felt like a punch—not because she tried to dodge taxes, but because no one explained how…

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