Business Income Form

ITR-3 Filing

For individuals and HUFs with business or professional income

Comprehensive Tax Filing for Business Professionals

ITR-3 is specifically designed for individuals and Hindu Undivided Families (HUFs) who have income from business or profession. Whether you're a freelancer, consultant, or small business owner, ITR-3 is your go-to tax filing form.

At CredFill, we specialize in navigating the complexities of ITR-3 filing. Our expert team ensures accurate reporting of your business income, maximizing deductions and ensuring full compliance with tax regulations.

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ITR-3 Filing Service

Who Should File ITR-3?

ITR-3 is suitable for individuals and HUFs with the following characteristics:

  • Individuals with income from business or profession
  • Professionals like doctors, lawyers, consultants
  • Small business owners and entrepreneurs
  • Freelancers and independent contractors
  • Income from speculative business
  • Income from other sources along with business income

You are NOT eligible to use ITR-3 if you have:

  • Income from presumptive taxation under Section 44AD
  • Total income below business profit threshold
  • Partnership firm income (requires different filing)
  • Income exclusively from salary or pension
  • Complex corporate business structures

Income Scenarios for ITR-3

Business Income
Fully Reportable
Profession Income
Fully Reportable
Other Income Sources
Can be Included
Capital Gains
Reportable
Income Limit
No Specific Cap
Speculative Income
Declarable

How We File Your ITR-3

Expert-guided process for comprehensive business income tax filing

1

Document Compilation

Collect and upload all business and professional income documents, including balance sheets, profit & loss statements, and other financial records.

2

Detailed Income Analysis

Our tax experts meticulously analyze your business income, identifying potential deductions, exemptions, and tax optimization strategies.

3

Comprehensive Consultation

Review your detailed tax computation, discussing business income nuances, and approve the final calculations before submission.

4

Precise E-Filing

Submit your ITR-3 electronically with complete documentation, ensuring full compliance with Income Tax Department regulations.

Documents Required for ITR-3 Filing

Profit & Loss Statement
Balance Sheet
Business Expenditure Records
Bank Statements
Tax Payment Proofs
Other Income Source Proofs

ITR-3 Filing Package

Comprehensive tax filing for business and professional income

Business Income Form

ITR-3 Filing Package

₹1,299
  • ✓ Complete ITR-3 form filling and submission
  • ✓ Comprehensive business income verification
  • ✓ Detailed profit & loss statement analysis
  • ✓ Tax optimization and deduction identification
  • ✓ Income from multiple sources reconciliation
  • ✓ E-filing with Income Tax Department
  • ✓ Complete documentation and acknowledgment
  • ✓ Post-filing support for 60 days
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Frequently Asked Questions

Common questions about ITR-3 filing

Who exactly needs to file ITR-3?
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ITR-3 is for individuals and HUFs with income from business or profession. This includes freelancers, consultants, self-employed professionals, and small business owners who do not fall under the presumptive taxation scheme.

How is ITR-3 different from ITR-4?
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While both forms relate to business income, ITR-3 is for those who maintain regular books of accounts, whereas ITR-4 is for individuals opting for presumptive taxation schemes under Sections 44AD, 44AE, and 44ADA.

What additional details are required in ITR-3?
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ITR-3 requires detailed reporting of business income, including profit & loss statements, balance sheets, depreciation details, and specifics of business expenses. You'll need to provide comprehensive financial documentation.

Are there any specific compliance requirements?
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Yes, ITR-3 filers must maintain detailed books of accounts, have them audited if gross receipts exceed specified limits, and provide comprehensive income and expenditure details to the Income Tax Department.

What is the deadline for ITR-3 filing?
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For the financial year 2024-25 (assessment year 2025-26), the typical deadline for filing ITR-3 is July 31, 2025. Early filing is recommended to avoid last-minute complications and potential penalties.

Simplify Your Business Tax Filing

Navigate the complexities of business income taxation with our expert guidance. Professional, accurate, and hassle-free ITR-3 filing at your fingertips.

Book Your ITR-3 Filing