ITR for Proprietors/ Firms
ITR filing for proprietorships, small businesses and partnership firms under presumptive taxation scheme (Section 44AD)
Expert assistance for filing tax returns for proprietorships, small businesses and partnership firms using presumptive taxation scheme under Section 44AD. Perfect for businesses with turnover up to ₹3 crore (if cash receipts ≤ 5% of total receipts) or ₹2 crore (in other cases). Includes comprehensive coverage for partnership firms.
Inclusions
- Income from Business/ Firm (Section 44AD - 6% of turnover for digital payments, 8% for other cases)
- Business Income Computation
- Reconciliation with GST returns (if applicable)
- Claiming eligible business/professional expenses
- Set-off and carry forward of losses
- Salary, Pension or Family Pension
- Income from One House Property
- Income from Other Sources (Interest, Dividend, etc.)
- Agricultural Income up to ₹ 5000/-
- Tax-saving deductions (80C, 80D, etc.)
- Reconciliation with Form 16, Form 26AS, AIS, and TIS
- Tax optimization guidance
Exclusions
- Income above ₹3 crore turnover (if cash receipts > 5% of total receipts)
- Income above ₹2 crore turnover (if cash receipts ≤ 5% of total receipts)
- Non-eligible businesses under Section 44AD
- Income from Multiple Properties
- CF/BF losses
- Capital Gains
- Income from Trading (F&O, Intraday)
- Business/ Professional Income
- Foreign Income
- Non-resident Indians (NRIs)
Recommended For
- Small Business Owners
- Retailers
- Partners of Partnership Firms
Not Recommended For
- Income from Business less than 6% of turnover for digital payments, 8% for other cases
- Business with turnover more than ₹3 crore (if cash receipts > 5% of total receipts)
- Business with turnover more than ₹2 crore (if cash receipts ≤ 5% of total receipts)
- Total income more than ₹50 lakh
- Persons not eligible for presumptive taxation under Section 44AD
How It Works
- Share your details and upload documents
- Our expert prepares your tax return
- Review and approve your return
- We file your return and help with e-verification
- Get ITR-V after e-filing
- Post-filing support available
Documents Required
- Form 16 from employer (if applicable)
- Form 26AS
- AIS Statement
- Bank statements
- Business income details
- GST returns (if applicable)
- Professional tax receipts
- Rent receipts (if applicable)
- Investment proofs for tax savings
- Turnover details
- Expense bills and receipts (if not using presumptive scheme)
- Partnership Deed
- Business Income Statements
- Capital gains statements (if applicable)
- Interest Income statements
- Dividend Income slips
- Rental Income receipts
- Tax Deducted at Source statements
- Tax Collected at Source statements
Time Estimate
5-7 business days after document submission
Remarks
- This is a customised plan for businesses and partnership firms eligible for Presumptive Taxation Scheme (Section 44AD). If you have income not eligible for filing under Presumptive Taxation Scheme (Section 44AD), please go for the all-inclusive Professionals plan which includes all these heads.
- Note: Audit fees are not included in the pricing of the plan. If applicable, they will be charged separately depending on the scope of work, with your prior consent.