File your business income tax
returns accurately with expert
ITR-3 filing support
🟩 For business and professional income
🟩 Covers F&O trading and crypto income
🟩 Maximum deduction claim assistance
🟩 Accurate and compliant filing
🟩 End-to-end filing support
ITR-3 is meant for individuals and HUFs earning income from business or profession including proprietors freelancers professionals traders and consultants.
Filing ITR-3 ensures proper reporting of business income capital gains crypto transactions and foreign assets while maintaining tax compliance.
ITR-3 is meant for individuals and HUFs earning income from business or profession including proprietors freelancers professionals traders and consultants.
Filing ITR-3 ensures proper reporting of business income capital gains crypto transactions and foreign assets while maintaining tax compliance.
Benefits
Benefits
Tax Comparison
Sole Proprietorship
vs Others
Tax Rate
Individual income tax slabs
ranging from 0% to 30%.
Minimum Tax
No tax payable up to
₹2.5 lakhs of income.
Expense Deduction
Business-related expenses
are fully allowed.
Advance Tax
Applicable if total tax
liability exceeds ₹10,000.
Audit Requirement
Audit required only if
turnover exceeds limits.
Tax Rate
Flat tax rate of
30% on total income.
Minimum Tax
Taxable irrespective of
partner’s personal income.
Expense Deduction
Business expenses
are allowed as deductions.
Advance Tax
Advance tax payment
is applicable.
Audit Requirement
Audit generally required
as per applicable rules.
Tax Rate
Corporate tax at 25%
for turnover below ₹400 cr.
Minimum Tax
Taxable regardless of
dividend distribution.
Expense Deduction
Business expenses
are allowed.
Advance Tax
Advance tax payment
is mandatory.
Audit Requirement
Statutory audit is
mandatory every year.
Tax Rate
Individual income tax slabs
ranging from 0% to 30%.
Minimum Tax
No tax payable up to
₹2.5 lakhs of income.
Expense Deduction
Business-related expenses
are fully allowed.
Advance Tax
Applicable if total tax
liability exceeds ₹10,000.
Audit Requirement
Audit required only if
turnover exceeds limits.
Tax Rate
Flat tax rate of
30% on total income.
Minimum Tax
Taxable irrespective of
partner’s personal income.
Expense Deduction
Business expenses
are allowed as deductions.
Advance Tax
Advance tax payment
is applicable.
Audit Requirement
Audit generally required
as per applicable rules.
Tax Rate
Corporate tax at 25%
for turnover below ₹400 cr.
Minimum Tax
Taxable regardless of
dividend distribution.
Expense Deduction
Business expenses
are allowed.
Advance Tax
Advance tax payment
is mandatory.
Audit Requirement
Statutory audit is
mandatory every year.
Registration Process
Registration Process
Post-Registration Compliances
Post-Registration Compliances
Complete e-verification
within prescribed time
Preserve financial records
for future reference
Respond promptly to tax
department notices
Pay advance tax as
applicable
File returns before due
dates every year
File ITR-3 annually
as per income tax rules.
Pay advance tax if
liability exceeds ₹10,000.
Complete e-verification
within prescribed time
Preserve financial records
for future reference
Respond promptly to tax
department notices
Pay advance tax as
applicable
File returns before due
dates every year
Common Mistakes to Avoid
Common Mistakes
to Avoid
Using incorrect return form
may cause rejection
Non-disclosure may result
in penalties and notices
Errors in turnover may
affect tax computation
Incorrect classification may
lead to tax disputes
Late filing may block
loss carry forward
Unverified returns remain
incomplete and invalid
Using incorrect return form
may cause rejection
Non-disclosure may result
in penalties and notices
Errors in turnover may
affect tax computation
Errors in turnover may
affect tax computation
Incorrect classification may
lead to tax disputes
Late filing may block
loss carry forward
Unverified returns remain
incomplete and invalid
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.
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.
Individuals and HUFs earning business or professional income.
Yes crypto transactions must be disclosed under VDA schedules.
Yes salary income can be reported along with business income.
Penalties interest and loss of carry-forward benefits may apply.
Yes revised returns can be filed within the permitted timeline.
Yes filing remains incomplete until successfully verified.