ITR for professionals (not under presumptive taxation)
For busy practices and freelancers above simplified fee limits, or anyone who must show actual profit and loss instead of a flat share of receipts
Assisted ITR-3 for resident individuals and HUFs who are notified professionals or freelancers but cannot use ITR-4: for example gross professional receipts over ₹75 lakh, or over ₹50 lakh when cash receipts exceed five percent of total gross receipts (section 44ADA limits); or you declare profit below the 44ADA percentage with regular books under section 44AA; or you hit any hard ITR-4 bar from the Income-tax Department’s published list—total income above ₹50 lakh, more than one house property, director, unlisted equity shares, any short-term capital gains, long-term capital gains under section 112A above ₹1,25,000, agricultural income above ₹5,000, RNOR or NRI status, brought-forward loss, deferred ESOP tax on eligible start-ups, lottery or race-horse income, incomes under sections 115BBDA or 115BBE, and the rest of the FAQ exclusions. Work is full professional P&L on ITR-3 with receipts checked to Form 26AS, AIS, and TDS; statutory tax audit stays with your auditor.
Inclusions
- ITR-3 preparation and e-filing for the selected assessment year
- Review of professional ledgers, fee receipts, and year-end closing where provided
- Mapping of professional income and expenses to ITR-3; Chapter VI-A and other schedules as applicable
- Reconciliation of professional receipts with Form 26AS, AIS, and TDS
- Tax computation under normal provisions; loss carry-forward if documented
- E-verification assistance; one structured revision for defects attributable to our preparation error
Exclusions
- ITR-5, ITR-6, and entity returns other than individual/HUF ITR-3 — not offered
- Tax audit under section 44AB — coordinate with your auditor if applicable
- Hospital / large practice MIS implementation; forensic reconstruction of books
- International or multi-entity professional structures beyond retail ITR-3 scope
Recommended For
- Professionals above 44ADA receipt thresholds or failing 50% profit tests
- Professionals opting out of presumption and reporting under section 44AA with full books
Not Recommended For
- Eligible for Section 44ADA — choose ITR for Professionals/ Freelancers
- LLPs; companies; or registered partnership firms that must file ITR-5 or ITR-6 — not offered in our storefront
- Sole proprietor or HUF with business (non-profession) books — choose ITR for business (not under presumptive taxation)
- Trading / F&O — 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 ledgers, fee summaries, and expense support.
- We build ITR-3 and reconcile TDS and receipts.
- You approve; we file and assist with e-verification.
Documents Required
- PAN and Aadhaar for e-filing
- Form 16 and Form 16A if you have salary or other TDS alongside practice income
- Bank statements and professional fee registers
- P&L, balance sheet, or ledger exports from your accounting tool
- Form 26AS, AIS, and TDS certificates on professional receipts; advance tax challans
- Prior-year ITR for losses or brought-forward figures; Form 10-IEA if regime election applies
Time Estimate
5–8 business days after complete books and clarifications
Remarks
- 44ADA on ITR-4 is only for resident individuals and registered partnership firms (other than LLP). We do not prepare ITR-5. LLPs and corporate entities must use other forms — confirm before purchase. If you fit ITR-4 + 44ADA, ITR for Professionals/ Freelancers is the lighter retail plan.