ITR for business, profession & partnerships (not under presumptive taxation)
For proprietorships, partnerships, and professionals not on presumptive schemes (44AD/44ADA)
Expert assistance for ITR-3 when you have business or professional income outside presumptive taxation (sections 44AD/44ADA), including proprietorships, partnership firms, LLPs treated as firms, and professionals maintaining books under section 44AA. We reconcile books, capital and partner accounts, balance sheet and P&L, and align disclosures with Form 26AS, AIS, and TDS certificates.
Inclusions
- ITR-3 preparation and e-filing for AY 2025-26 (and applicable prior years on request)
- Review of books of account, trial balance, and year-end closing entries where provided
- Balance sheet and profit & loss mapping to ITR-3 schedules (business, profession, capital, partners)
- Capital account reconciliation for partners / proprietors and loan/partner current account treatment
- Depreciation and block of assets reconciliation (where depreciation is claimed)
- Partner remuneration and interest on capital validation against deed and books (where applicable)
- Reconciliation with Form 26AS, AIS, and TDS certificates for business and professional receipts
- Set-off and carry-forward of losses per Income-tax rules (where applicable and documented)
- Tax computation under normal provisions with surcharge and cess; advance tax and self-assessment alignment
- Verification of GST turnover vs books (high-level) when both are in scope — material mismatches flagged
- E-verification assistance and acknowledgement archiving
- One structured revision window for intimation/defect notices attributable to our preparation error
Exclusions
- Audit under section 44AB or statutory audits — coordinate with your auditor; we use audited figures you provide
- Forensic accounting, fraud investigation, or multi-year bookkeeping rebuilds
- Complex international tax, transfer pricing, or treaty positions
- Litigation before ITAT or courts; we assist only with return-side factual corrections
- Payroll, TDS compliance, or GST return filing unless purchased as add-on services
Recommended For
- Proprietorships and partnership firms with audited or detailed books and normal provisions
- Professionals (consultants, doctors, architects) maintaining books under section 44AA
- LLPs and firms requiring ITR-3 with partner-wise profit sharing and capital schedules
- Taxpayers with business loss, speculative income, or capital account adjustments needing ITR-3
Not Recommended For
- Eligible for section 44AD (presumptive business) — use itr-business
- Eligible for section 44ADA (presumptive profession) — use itr-professionals
- Trading / F&O / intraday income — use itr-trader
- Salaried-only or capital-gains-only cases — use itr-basic, itr-standard, or itr-capital-gains
- Companies filing ITR-6 — out of scope for this retail plan
How It Works
- Share trial balance, P&L, balance sheet, partner deed / remuneration terms, and GST summaries if applicable.
- We map ledgers to ITR-3 schedules, validate partner allocations, and reconcile TDS and turnover.
- You review draft computation and schedules; we file after your approval and complete e-verification.
Documents Required
- PAN; Aadhaar (for e-filing)
- Bank statements (business and designated personal where commingled)
- Trial balance, P&L, balance sheet, and ledger exports (Excel/Tally/Zoho or similar)
- Partner deed, partner capital accounts, remuneration and interest terms (firms/LLPs)
- Depreciation chart and fixed asset register (if depreciation claimed)
- Form 26AS, AIS, and TDS certificates for business receipts
- GST GSTR-1/GSTR-3B summaries or annual returns if turnover reconciliation is needed
- Advance tax challans and self-assessment payment proofs
- Prior-year ITR JSON/acknowledgement for loss carry-forward or brought-forward figures
Time Estimate
5–8 business days after complete books and clarifications
Remarks
- If you qualify for presumptive schemes (44AD/44ADA), itr-business or itr-professionals is usually simpler and cheaper. Complete books (or a bookkeeping add-on) before ITR-3 preparation.