ITR 3: Business & Professional Income
ITR-3 is meant for individuals and Hindu Undivided Families (HUFs) who have:
Income from business or profession (proprietorship, freelancing, consultancy, etc.)
Income from salary/pension
Income from house property
Capital gains
Foreign income or assets
Income from other sources (e.g., interest, dividend, lottery)
Price: ₹ 4,999/-
Timeline : 3-5 Days
Proprietorship
Benefits
✅Full disclosure of business/professional income
✅Claim business-related expenses and depreciation
✅Eligibility to carry forward business losses
✅Helps maintain financial records for loans, investments, and tenders
✅Tax compliance for GST-registered persons and freelancers
✅Capital gains and foreign asset reporting in one form
Documents Required
✅PAN, Aadhaar
✅Bank account details (all active accounts)
Business/Professional Income:
✅Books of accounts (if maintained)
✅GST returns (if applicable)
Other Income:
✅Form 16 (if salaried also)
✅Capital gains statements (mutual funds, shares, property)
✅Rental income details
✅Interest income certificates
✅Dividend statements
Deduction Proofs:LIC, PPF, ELSS, NPS, tuition fees, 80D (medical), donations
Foreign Assets (if applicable):Bank/investment account details held outside India
Proprietorship
Deliverables
✅Acknowledgement
✅Filed ITR-3 copy
✅Tax computation statement
✅Financial statement summary (P&L, Balance Sheet)
✅Depreciation schedule (if applicable)
✅Capital gains calculation (if applicable)
✅E-verification assistance