01 — ITR-3 & ITR-4
Expert Filing
We file the correct form for your business — ITR-3 for comprehensive reporting or ITR-4 for presumptive taxation schemes.
💼 Business & Professional ITR
Expert ITR Filing for
Business & Professionals
Expert filing for freelancers, firms, and business owners. Consult with a professional business tax advisor to maximize your deductions and ensure 100% compliance.
10,000+Returns Filed
4.9★Expert Rating
100%Accuracy
₹999Starting Fee
Is This For You?
Who Should File a Business/Professional ITR?
Every individual or entity with taxable income above the basic exemption limit is required to file. Whether you are a small freelancer or a growing firm, we have you covered.
Freelancers & Consultants
IT professionals, digital marketers, designers, and independent consultants earning through professional fees.
Licensed Professionals
Doctors, lawyers, architects, and chartered accountants requiring specialized professional income reporting.
Proprietorships
Small to medium business owners running retail shops, manufacturing units, or service agencies.
Partnership Firms & LLPs
Entities requiring complete compliance, partner remuneration planning, and complex ITR-5 filing.
Traders & Investors
Individuals involved in F&O trading, intraday equity trading, or managing large investment portfolios.
E-commerce Sellers
Vendors selling on Amazon, Flipkart, or their own Shopify stores needing GST and ITR reconciliation.
Our Services
Complete Business Tax Solutions
From choosing the right ITR form to performing audit reconciliation — we handle it all.
02 — Presumptive Taxation
Tax Optimization
Benefit from Section 44AD or 44ADA to declare profits at fixed percentages, reducing your compliance and audit burden.
03 — Audit Support
Tax Audit (u/s 44AB)
End-to-end support for businesses exceeding turnover limits, ensuring your books are CA-verified and compliant.
04 — AIS/TIS Reconciliation
Data Matching
We perform thorough reconciliation between your bank statements and the department's AIS/TIS records to prevent notices.
05 — Expense Management
Deduction Optimization
Legally claiming all business-related expenses including rent, salary, travel, and depreciation to lower your tax outgo.
06 — GST Reconciliation
Turnover Validation
Ensuring your ITR turnover matches your GST filings to avoid discrepancies that often trigger tax scrutiny.
A Comprehensive Guide to Business ITR Filing (2024–25)
In India, filing an Income Tax Return (ITR) is more than just a legal obligation; it is a critical component of financial health and transparency. For business owners, freelancers, and independent professionals, the process involves accounting for income from various sources, managing business expenses, and ensuring that all statutory disclosures are met.
Choosing the Correct ITR Form
Choosing the correct ITR form is the first and most crucial step. Filing the wrong form can lead to your return being declared "defective" by the Income Tax Department:
- ITR-3: The comprehensive form for individuals and HUFs having income from a proprietary business or profession. Ideal for freelancers not opting for presumptive taxation.
- ITR-4 (Sugam): For individuals, HUFs, and partnership firms opting for the Presumptive Taxation Scheme under Section 44AD or 44ADA.
- ITR-5: Mandatory for LLPs, Partnership Firms (not opting for Sugam), and AOPs.
Presumptive Taxation: Section 44AD & 44ADA
To reduce the compliance burden on small taxpayers, the government introduced the Presumptive Taxation Scheme:
- Section 44AD (Businesses): If your turnover is up to ₹3 Crores (95% digital), you can declare a flat 6% of digital turnover as profit without maintaining detailed books.
- Section 44ADA (Professionals): For professionals with gross receipts up to ₹75 Lakhs, you can declare 50% of your income as profit. Widely used by IT consultants, doctors, and lawyers.
The Importance of AIS and TIS Reconciliation
The Annual Information Statement (AIS) captures your entire financial footprint — from high-value bank deposits to share market transactions and GST turnover. It is now imperative that your ITR matches the data in your AIS. Discrepancies often lead to automated notices. At ITR Advisor, we perform a thorough AIS-TIS reconciliation for every client.
Benefits of a Consistent ITR History
- Loan Approvals: Banks require the last three years' ITR as primary proof of income for business or home loans.
- Visa Processing: Most embassies require ITR receipts to verify your financial standing in India.
- Carry Forward of Losses: Business losses can only be carried forward to offset future profits if you file on time.
- Tax Refunds: Filing ITR is the only way to claim a refund for TDS deducted by clients or banks.
How It Works
Our 5-Step Business Filing Process
A professional and streamlined approach to ensure your business tax return is filed accurately and on time.
1
Share Details
Provide your business or professional income summary via WhatsApp or our secure portal.
2
Document Review
Our tax experts review your bank statements, GST data, and expense records thoroughly.
3
Draft Computation
We prepare the P&L statement, Balance Sheet, and draft the ITR for your review.
4
Expert Consultation
A dedicated CA discusses potential tax savings and clarifies any queries before filing.
5
Final Submission
After your approval, we file the return and share the official acknowledgement.
Checklist
Documents Required for Business ITR
Keep these documents ready to ensure a smooth and accurate filing experience.
P&L & Balance Sheet
A summary of your income, expenses, assets, and liabilities for the financial year.
Bank Statements
Statements for all business and personal bank accounts showing all transactions.
Form 26AS / AIS
Your annual tax statements showing all TDS credits and high-value transactions.
GST Returns
Copies of GSTR-1 and GSTR-3B filings to reconcile turnover data accurately.
Transparent Pricing
Simple Business ITR Packages
Professional tax advisory without the hefty price tag.
Business ITR Package
₹999
All-Inclusive · Per Financial Year · 100% Online
- ITR-3 or ITR-4 Preparation & Filing
- Profit & Loss Statement Preparation
- Balance Sheet Summary
- Presumptive Taxation Benefit Analysis
- AIS/TIS Reconciliation
- GST Turnover Matching
- Expert CA Consultation
Common Questions
Frequently Asked Questions
Clear answers to common business tax queries.
What is the difference between ITR and GST?
ITR is a tax on your income (profit), while GST is a tax on the supply of goods or services (turnover). A business owner often needs to file both.
Do I need a Balance Sheet for ITR-4?
While ITR-4 is a simplified form, it still requires you to provide a summary of four specific data points: Sundry Debtors, Sundry Creditors, Stock-in-trade, and Cash Balance.
Can I file a "Nil Return" for my business?
Yes. If your business had no income or a loss, filing a Nil return is highly recommended to maintain your financial record for future loans and visas.
When is a tax audit mandatory for businesses?
Under Section 44AB, an audit is mandatory if business turnover exceeds ₹1 Crore (₹10 Crores if 95% digital) or professional receipts exceed ₹50 Lakhs.