Business ITR Filing
ITR-3 and ITR-4 filing for anyone running a business or profession as an individual or HUF — the right scheme, correctly declared.
File My Business ReturnBusiness Income Isn't Salary — the Filing Shouldn't Be Treated Like It Is
Once your income comes from a business or profession rather than a salary, your return involves a scheme decision — presumptive taxation or regular books — that affects your tax outcome, your audit exposure, and what you can claim in future years.
We start by confirming which scheme actually fits your turnover and business type, then prepare the correct form around that decision — not the other way around.
- Presumptive vs. regular scheme review
- Tax audit applicability check
- GST-income reconciliation, where applicable
- Filing and e-verification
Charges depend on turnover and whether a tax audit applies — ask us for an exact quote.
Two Forms
ITR-3 or ITR-4 — Which One Is Yours
The right form follows from your turnover and whether you qualify for presumptive taxation, not the other way around.
Regular books of account
ITR-3
For a business or profession where you maintain full books of account and the presumptive scheme either doesn’t apply or you’ve chosen not to use it. Requires a balance sheet and profit & loss account.
Presumptive taxation
ITR-4 (Sugam)
For eligible businesses under Section 44AD (turnover up to ₹2 crore, or ₹3 crore where cash receipts are under 5%), professionals under Section 44ADA (gross receipts up to ₹50 lakh, or ₹75 lakh under the same cash-receipt condition), and goods-carriage operators under Section 44AE. Income is declared as a fixed percentage of turnover, with no detailed books required.
Thresholds under Sections 44AD/44ADA/44AE are set by the Finance Act and can change year to year. We confirm the figures that apply to your filing year before recommending a scheme.
Where It Usually Goes Wrong
The Details That Turn Into Notices Later
Wrong Scheme, Wrong Form
Opting into or out of the presumptive scheme incorrectly — or switching in and out across years — has real tax-audit consequences under Section 44AD(4). We check your eligibility before filing, not after.
Tax Audit Thresholds
Cross the turnover threshold (₹1 crore, or ₹10 crore where cash transactions are under 5%) or opt out of presumptive taxation without qualifying, and a tax audit under Section 44AB becomes mandatory. Missing it draws a penalty.
GST-Income Tax Mismatch
If you’re GST-registered, your declared turnover in the ITR and your GST returns are cross-checked by the department. We reconcile the two before filing.
Advance Tax Compliance
Business income usually means advance tax obligations through the year, not just at filing time. We track your instalments so interest under Sections 234B/234C doesn’t stack up.
Documents
What We Need From You
- PAN and Aadhaar
- Bank statements for the full financial year
- Sales and purchase records, or GST returns if registered
- Details of business expenses and any loans
- Investment proofs for deductions (80C, 80D, etc.)
- Details of any advance tax already paid
Not sure which scheme you're on?
If last year's return was filed by someone else, or you're filing your first business return, tell us your turnover and business type and we'll confirm whether presumptive taxation is available to you and whether it's the better choice.
Check My EligibilityFile Your Business Return Correctly, the First Time
Send us your turnover figures and we'll tell you which scheme applies and what to expect.
Start My Filing