What is Advantages in the Sole Proprietorship From Startup Point of View?

1. Less Costing – Proprietorship firm can be easily started just by enrolling for GST Registration no.
2. Less Compliance – Just have file the income tax return as individual at the end of year nearby in July and/or GST return is applicable. You have to maintain basic invoices of income and expenses of the firm.
3. Less Income Tax: You have pay income tax to the government when your total real income is more than 2.5 lac INR per annual year. So its give you tax advantages on slab basis available to individuals.