ITR for business (not under presumptive taxation)
For sole proprietors and family businesses that outgrow turnover-based schemes—commission or agency work, many trucks, high sales, or real books and audits
Assisted ITR-3 for a resident individual or HUF whose Indian business income is taxed under the normal provisions—not on ITR-4 Sugam—because, for example, gross receipts cross the section 44AD limits (₹2 crore, or ₹3 crore only with the 95% non-cash receipts test), your activity is agency or commission or brokerage outside 44AD, you run more than ten goods vehicles so section 44AE does not fit, or you declare profit below the presumptive percentages but maintain books under section 44AA. This is the same ITR-3 form the department lists for individuals and HUFs who are not eligible for ITR-1, ITR-2, or ITR-4. We do not prepare ITR-5 for registered firms, LLPs, AOP/BOI, etc., or ITR-6 for companies.
Inclusions
- ITR-3 preparation and e-filing for the selected assessment year (resident individual or HUF with business income)
- Review of books of account, trial balance, and year-end closing where provided
- P&L and balance sheet mapping to ITR-3 business schedules; depreciation and block of assets where claimed
- GST turnover vs books sanity check when both are in scope
- Reconciliation with Form 26AS, AIS, and TDS for business receipts
- Loss set-off / carry-forward where documented; tax computation under normal provisions
- E-verification assistance; one structured revision for defects attributable to our preparation error
Exclusions
- ITR-5, ITR-6, and any entity other than resident individual/HUF for this business return — not offered
- Section 44AB / statutory audit — we work from figures your auditor certifies
- Forensic or multi-year bookkeeping rebuilds; complex TP / international structures
- Payroll, standalone TDS or GST return filing unless purchased separately
Recommended For
- Sole proprietors and HUFs outside 44AD/44AE on ITR-4 (limits, ineligible activity, or normal provisions)
- Goods carriage operators outside 44AE (e.g. more than ten vehicles) who file as individual/HUF on ITR-3
Not Recommended For
- Eligible for section 44AD and/or section 44AE on ITR-4 (Sugam) for the assessment year — choose ITR for Proprietors & firms (ITR-4 only)
- Registered partnership firms, LLPs, companies, or anyone required to file ITR-5 / ITR-6 — not offered here
- Primary income from profession under section 44AA (not business) — consider ITR for professionals (not under presumptive taxation)
- Trading / F&O / intraday as main income — choose ITR for Traders
- Salaried-only or capital-gains-only — choose ITR for Salary/ Pension (Basic), ITR for Salary/ Pension (Standard), or ITR for Capital Gains as applicable
How It Works
- Share trial balance, P&L, balance sheet, and GST summaries where applicable.
- We map to ITR-3 business schedules and reconcile TDS and turnover.
- You approve drafts; we file and assist with e-verification.
Documents Required
- PAN; Aadhaar for e-filing
- Bank statements (business; where commingled, as agreed)
- Trial balance, P&L, balance sheet, ledger exports (Tally/Zoho/Excel)
- Depreciation schedule if applicable; GST summaries if reconciling turnover
- Form 26AS, AIS, TDS certificates; advance tax challans; prior ITR for losses
Time Estimate
5–8 business days after complete books and clarifications
Remarks
- Our services currently cover ITR-1, ITR-2, ITR-3, and ITR-4 only. ITR-4 presumptive plans (ITR for Proprietors & firms (ITR-4 only) and ITR for Professionals/ Freelancers) are for eligible profiles. This plan is ITR-3 with books for individuals/HUF. We do not prepare ITR-5. Partnership firms (other than LLP) that still qualify for 44AD/44AE on Sugam should choose ITR for Proprietors & firms (ITR-4 only) instead. If you are unsure about your entity type, please contact us before purchase.