ITR-3 Return Filing
Professional Income & Business Return Filing for Individuals and HUFs
If you're a proprietor, consultant, trader, or professional earning income from a business or profession (other than under presumptive taxation), then ITR-3 is the right Income Tax Return form for you. Accurate ITR-3 filing is crucial to report income, claim deductions, and stay compliant with tax laws.
Our expert-led ITR-3 filing service ensures 100% accurate filing, proper audit handling (if applicable), and maximum tax benefits for professionals and business owners.
What is ITR-3?
ITR-3 is the return form applicable to:
- Individuals and Hindu Undivided Families (HUFs)
- Having income from business or profession
- Who do not opt for presumptive taxation under sections 44AD, 44ADA, or 44AE
ITR-3 allows you to report detailed income, expenses, depreciation, and profit/loss from your proprietary business or professional practice.
Who Should File ITR-3?
You must file ITR-3 if you are:
- Running a proprietorship business
- A freelancer or consultant with professional income (doctor, lawyer, CA, designer, etc.)
- A trader, including equity, derivatives, and intraday traders (if books are maintained)
- A partner in a firm, earning salary/remuneration from the partnership
- Having foreign income or assets, or a directorship in a company
Note: If you are eligible for presumptive taxation (Section 44AD or 44ADA) and opt for it, you should file ITR-4 instead.
Documents Required for ITR-3 Filing
- PAN, Aadhaar, and basic personal details
- Profit & Loss Account and Balance Sheet
- Bank account statements and cash books
- Details of loans, fixed assets, and capital account
- Form 26AS and AIS/TIS for TDS reconciliation
- Investment proofs (80C, 80D, etc.)
- Audit report (Form 3CA/3CB and 3CD), if applicable
- Trading account statement (for equity/derivatives traders)
- Previous year's return copy (optional but helpful)
When is Audit Required?
Audit under Section 44AB is mandatory if:
- Business turnover exceeds ₹1 crore (₹10 crore if 95% transactions are digital)
- Professional receipts exceed ₹50 lakh
- You declare lower profits than prescribed under presumptive scheme
We assist with tax audit coordination and filing of audit reports.
Our ITR-3 Filing Services
- Business Income Assessment: Detailed analysis of business/professional income and computation of taxable profit.
- Books & Asset Review: Balance Sheet, P&L, depreciation schedules, and capital accounts reviewed for accuracy.
- Audit & Filing Support: Complete audit assistance (if required) with Form 3CD and tax audit filing.
- Accurate ITR Filing: Filed with all disclosures including foreign assets, trading activity, or multiple income sources.
- E-verification & Post-filing Support: Includes refund tracking, compliance guidance, and handling notices (if any).
Why Choose Us?
- Chartered Accountant-led team with business tax expertise
- Custom support for professionals, freelancers, and traders
- Full confidentiality & compliance with IT Act
- Affordable pricing with fast turnaround
- Year-round tax advisory included
Don't Risk Errors or Penalties – File ITR-3 with Professionals
Filing ITR-3 can be complex. Errors or omissions can lead to notices, penalties, or loss of refund. Get expert help now and file your return with confidence and accuracy.
Contact us today to get started with professional ITR-3 filing services!
Key benefits
Precision Assurance
We commit to meticulous attention to detail, ensuring accuracy and excellence in every deliverable.
Punctual Promise
We maintain a steadfast commitment where punctuality is paramount, ensuring timely completion of all tasks
Adaptable Options
Our solutions seamlessly adapt to your needs, guaranteeing maximum flexibility and efficiency.
Economical Excellence
We prioritize efficiency, offering optimal solutions that maximize value while minimizing expenses.
Faq
Delve deeper into our comprehensive solutions.
Explore insights into our solutions, addressing common queries and uncovering tailored benefits for you.
We help you launch and manage your business with confidence. Whether it’s a Proprietorship or a UAE Company setup, our expert CA team ensures legal compliance, smooth registration, and tailored support for your venture’s unique needs.
Choosing between a Proprietorship, LLP, or Private Limited Company depends on your goals. We guide you based on liability, funding, compliance, and scalability needs.
Yes, we assist in setting up businesses in the UAE, USA, Singapore, and the UK with complete documentation, legal advisory, and ongoing compliance support.
Absolutely. We maintain strict confidentiality and implement robust data protection protocols to ensure your business information remains secure and private.