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ITR-3 Filing (Business/Profession)

ITR for individuals and HUFs with income from business or profession.

Starting from

₹2,999

+ applicable taxes

⏱ Completed in 2-4 working days
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ITR-3 is the income tax return for individuals and HUFs with income from business or profession — including proprietors, freelancers, doctors, lawyers, architects, and other professionals. It covers business income under presumptive taxation (44AD/44ADA/44AE) as well as regular accounting basis.

ITR-3 also captures capital gains (short-term and long-term), house property income, and other sources in addition to business income. It requires details of your P&L account, balance sheet, and various schedules — making it more complex than ITR-1 or ITR-2.

Our team prepares your books of accounts, computes taxable income considering all deductions and allowable expenses, and files ITR-3 with supporting schedules — ensuring full compliance with minimum tax outflow.

Why Choose Our ITR-3 Filing (Business/Profession) Service

1

Presumptive Taxation

Eligible businesses can declare 8% (6% for digital) of turnover as profit under 44AD — avoiding detailed bookkeeping. We assess if this is beneficial for you.

2

All Income Sources

ITR-3 covers salary, business, capital gains, and house property in one return — we handle the complete computation.

3

Business Expense Deductions

Claim all allowable business expenses — rent, electricity, salaries, depreciation, and professional fees — to reduce taxable income.

4

Audit Ready

Businesses with turnover above ₹1 crore (or ₹2 crore under 44AD) need tax audit. We coordinate this with statutory audit timelines.

5

Advance Tax Compliance

We compute your advance tax liability and remind you of quarterly due dates (June 15, Sep 15, Dec 15, Mar 15) to avoid interest.

Documents Required

  • ✓Books of accounts / P&L summary
  • ✓Balance sheet
  • ✓Bank statements (all accounts)
  • ✓TDS certificates
  • ✓Advance tax challans
  • ✓Capital gains statements

How We Work

  1. 1

    Books Review

    Review P&L and balance sheet

  2. 2

    Tax Computation

    Compute taxable income with all deductions

  3. 3

    ITR Preparation

    Prepare ITR-3 with all schedules

  4. 4

    File Return

    Upload and submit ITR on portal

  5. 5

    Verification

    E-verify or send signed ITR-V

Frequently Asked Questions

When is the ITR-3 filing deadline?+
July 31st for those not requiring audit. October 31st if tax audit is required. November 30th if transfer pricing report is applicable.
Do I need to maintain books of accounts?+
Yes, if business income exceeds ₹2.5 lakh or turnover exceeds ₹25 lakh. Professionals with income above ₹1.5 lakh must maintain books. Presumptive taxpayers are exempt.
What is Section 44ADA for professionals?+
Professionals (doctors, lawyers, CAs, etc.) with receipts up to ₹75 lakh can declare 50% of receipts as income without maintaining detailed accounts under 44ADA.
Can I claim home office deductions?+
Yes. If you use part of your home for business, proportionate rent, electricity, internet, and maintenance can be claimed as business expenses.
What is the penalty for late ITR-3 filing?+
Late fee of ₹1,000 (income below ₹5 lakh) or ₹5,000 (income above ₹5 lakh). Losses cannot be carried forward if filed after the due date.