ITR Filing — Business / Freelancer
Business owners, freelancers, and professionals have complex tax situations with business expenses, presumptive income, and advance tax. Our experts handle it all accurately.
What is ITR Filing — Business / Freelancer?
Self-employed individuals, freelancers, professionals, and business owners file ITR-3 (business income with books) or ITR-4 (presumptive taxation under Section 44AD/44ADA). Proper computation of business income, allowable expenses, depreciation, and advance tax payments is critical.
What you get
- ITR form identification (ITR-3 or ITR-4)
- Business income computation
- Allowable expense and depreciation claim
- Presumptive income calculation (if applicable)
- Advance tax liability assessment
- ITR filing and e-verification
- Acknowledgement delivery
Documents required
- Bank statements for the full financial year
- Sales invoices / receipts
- Purchase and expense bills
- Form 26AS / AIS / TIS
- Investment proofs for deductions
- Last year's ITR (if applicable)
- GST returns (if GST registered)
How it works
Income Analysis
We review your bank statements and invoices to compute business income.
Expense Deductions
All eligible business expenses and depreciation are accounted for.
Tax Optimisation
We apply presumptive taxation where beneficial to minimise liability.
File & Verify
ITR filed and e-verified with acknowledgement delivered.
Pricing on Request
Every situation is different — get a custom quote tailored to your exact needs.
Frequently asked questions
What is presumptive taxation under 44AD?
Section 44AD allows small businesses (turnover up to ₹3 crore) to declare 8% of turnover (6% for digital receipts) as net profit, without maintaining detailed books. This simplifies filing significantly.
What is Section 44ADA for professionals?
Professionals (doctors, lawyers, engineers, architects, etc.) with gross receipts up to ₹75 lakh can declare 50% of receipts as income under Section 44ADA.
Do I need an audit?
Tax audit under Section 44AB is required if your turnover exceeds ₹1 crore (₹10 crore for digital transactions) or if you opt out of presumptive taxation with income below the threshold.
What if I have losses to carry forward?
Business losses can be carried forward for 8 years to set off against future profits. Filing on time is mandatory to carry forward losses.
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