ITR for professionals (not under presumptive taxation)
ITR-3 when you are outside ITR-4 — section 44ADA does not apply or you use normal provisions
Assistance for notified professionals and freelancers when gross receipts exceed 44ADA limits (₹50L / ₹75L cash test), you opt for lower than presumptive profit with section 44AA books, or any fact pattern barred from ITR-4 (e.g. total income above ₹50 lakh, multiple house properties, director, etc. per e-filing ITR-4 FAQ). Typically ITR-3 with full professional P&L, receipts vs Form 26AS/AIS/TDS, and tax audit coordination if your auditor is in scope.
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; Aadhaar for e-filing
- Bank statements and professional fee registers
- P&L and balance sheet or ledger exports from your accounting tool
- Form 26AS, AIS, TDS on professional receipts; advance tax proofs
- Prior-year ITR for losses or brought-forward figures
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.