Experience seamless, secure and highly accurate ITR-3 filing with GMH & Associates — perfect for business owners, professionals, traders & HUFs with complex income sources.
✅ Ideal for sole proprietors, freelancers, professionals & traders
✅ Covers business income, F&O, intraday, capital gains & crypto/VDAs
✅ Expert guidance for depreciation, books of accounts & audits
✅ Accurate computation with maximum deductions claimed
✅ End-to-end filing with complete legal compliance
✅ For individuals & HUFs with business or professional income
✅ Covers business turnover, capital gains, F&O, crypto & rental income
✅ Suitable for proprietors, freelancers, online sellers & professionals
✅ Ensures full compliance with Income Tax Act, 1961
✅ Helps claim deductions and carry forward losses
ITR-3 is the return for taxpayers with:
✅ Business income (sole proprietorship)
✅ Professional income (doctors, lawyers, consultants, designers, etc.)
✅ Capital gains from shares, mutual funds, property
✅ F&O trading (derivatives), intraday & speculative business
✅ Crypto/Virtual Digital Assets (VDAs)
✅ Foreign income or assets
✅ Sole proprietors with business income
✅ Freelancers & professionals (doctor, lawyer, consultant, architect, etc.)
✅ Traders — F&O, intraday, speculative
✅ Individuals with capital gains
✅ Rental income from house property
✅ Foreign income or foreign assets
✅ HUFs with business/professional income
❌ Salaried individuals with no business income
❌ Partnership firms / LLPs / Companies
❌ Taxpayers under Presumptive Taxation (ITR-4)
❌ Individuals eligible for ITR-1 or ITR-2
❌ Partners receiving remuneration/interest from firm
✅ PAN, Aadhaar, bank details
✅ Profit & Loss statement
✅ Balance Sheet
✅ Expense records, invoices, receipts
✅ Form 16/16A, Form 26AS, AIS/TIS
✅ Capital gains reports (shares, MFs, property)
✅ Rental agreements & municipal tax receipts
✅ Investment proofs (LIC, PPF, ELSS, 80D/80G/80E, etc.)
✅ Home loan interest certificate
✅ Foreign income & asset details (Schedule FA)
Our experts at GMH & Associates will guide you through each step, ensuring your documentation is accurate and compliant.
| Step | Action | Details |
|---|---|---|
| Step 1 | Login to Portal | www.incometax.gov.in → PAN/Aadhaar login |
| Step 2 | Select ITR-3 | Choose based on income source |
| Step 3 | Enter Personal & Financial Info | Salary, business turnover, capital gains |
| Step 4 | Report Business Income | Declare turnover, P&L, balance sheet |
| Step 5 | Report Capital Gains & Crypto | Separate schedules for CG & VDA |
| Step 6 | Claim Deductions | 80C, 80D, 80E, 80G, 24(b), etc. |
| Step 7 | Compute & Pay Tax | Pay tax via online challan |
| Step 8 | Submit & E-Verify | Aadhaar OTP, NetBanking, EVC or ITR-V |
GMH & Associates handles end-to-end filing and coordination with government portals — ensuring quick and accurate registration.
✅ July 31 – Non-audit cases
✅ October 31 – Audit cases
✅ Late Fee: ₹5,000 (₹10,000 after Dec 31)
✅ Interest: 234A / 234B / 234C
✅ Loss Carry-forward: Not allowed if return is filed late
❌ Filing ITR-1 or ITR-2 instead of ITR-3
❌ Not reporting foreign income/assets (Schedule FA)
❌ Omitting crypto/VDAs or reporting them incorrectly
❌ Wrong turnover reporting for F&O or intraday
❌ Capital gains incorrectly classified (LTCG/STCG)
❌ Missing eligible deductions
❌ Filing late — blocks loss carry-forward
❌ Not e-verifying the return (ITR remains invalid)
💼 Avoid these costly mistakes — GMH & Associates ensures 100% compliance from day one.
⭐ Experts in complex filings — business, profession, F&O, intraday & crypto
⭐ Tailored solutions for proprietors, freelancers & HUFs
⭐ Accurate tax computation with compliance to all sections
⭐ Timely filing to avoid penalties & interest
⭐ Transparent pricing — no hidden charges
⭐ Secure handling of financial data with end-to-end assistance
We don’t just register your business — we help you build a compliant foundation for growth.
If you need immediate assistance, please call:
Share a few details with us, and one of our compliance specialists will get in touch shortly.
We’ll guide you through the entire process — from selecting the right business structure to completing registrations and filings — free of charge.
July 31 (non-audit), October 31 (audit cases).
Yes, before the end of the assessment year.
Penalty ₹5,000/₹10,000 + interest + loss carry-forward blocked.
Yes — taxed at 30% in the VDA schedule.
Yes, salary + business income both allowed.
End-to-end expert assistance for accurate, compliant & timely ITR-3 filing.