ITR-3 is applicable for individuals and Hindu Undivided Families (HUFs) who have income from a proprietary business or profession. This includes freelancers, consultants, doctors, lawyers, traders, and business owners who do not opt for presumptive taxation.
Unlike ITR-4 (presumptive), ITR-3 requires maintenance of books of accounts and may require a tax audit if your turnover exceeds specified limits (₹1 Crore for business, ₹50 Lakhs for profession). You can also report salary, house property, capital gains, and other sources alongside business income.
Our CA team handles complete profit computation, depreciation schedules, expense verification, and audit compliance — ensuring your business ITR is filed accurately and on time.
Proper maintenance and review of business books of accounts.
Accurate P&L computation with allowable expense deductions.
Correct depreciation as per Income Tax Act for all assets.
Complete audit support if turnover exceeds prescribed limits.
Set off current year losses and carry forward to future years.
Full CA review, draft preparation, and timely e-filing.
Keep these documents ready before filing your ITR-3.
Simple 5-step process to file your ITR-3 with expert assistance.
Upload P&L, balance sheet, bank statements, and invoices.
Our CA reviews your books and computes taxable profit.
Tax audit is completed if turnover exceeds limits.
We share the draft ITR for your review and approval.
We e-file your ITR-3 and share the acknowledgment.
Find answers to common questions. Still have doubts? Our CA experts are just a call away.
+91-9870326918A tax audit under section 44AB is required if your business turnover exceeds ₹1 Crore (or ₹10 Crore if cash transactions are less than 5% of total). For professionals, the audit threshold is ₹50 Lakhs. The ITR-3 due date is August 31 for non-audit cases and October 31 for audit cases (FY 2025-26).
Yes, F&O (Futures & Options) trading income is treated as business income and must be filed using ITR-3. You can claim expenses like brokerage, internet charges, and software costs. Losses from F&O can be carried forward for 8 years.
ITR-3 is for regular business/profession where you maintain books of accounts and declare actual profit. ITR-4 (SUGAM) is for presumptive taxation where you declare a fixed percentage of turnover as profit (6%/8% for business, 50% for profession) without maintaining detailed books.
Yes, you can claim all legitimate business expenses including rent, salaries, utilities, depreciation, professional fees, travel, and office supplies. Expenses must be supported by bills/invoices and should be wholly for business purposes.
Business losses can be carried forward for 8 assessment years if the return is filed before the due date. Losses can be set off against future business income. A loss return must be filed even if there is no other taxable income.
ITR-3 filing is relatively more complex due to business income computation, books of accounts review, and potential audit requirements. Our pricing starts at ₹1,499 for simple cases. Complex cases with audit are priced based on turnover and transaction volume.
Get CA-assisted filing with 100% accuracy and on-time submission. Starting at just ₹1,499.
CA-Assisted ITR Filing — Starting at ₹1,499
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