ITR-3 Return Filing Services in Nashik | N D Savla & Associates
ITR-3 Filing · Nashik, Maharashtra

ITR-3 Return Filing — Business Income. Fully Reported.

ITR-3 filing for individuals and HUFs with income from business or profession, including those subject to tax audit, in Nashik and across Maharashtra.

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ITR-3 applies to individuals and HUFs who have income from business or profession — whether as a sole proprietor, professional, or partner in a firm (for share of profit and interest/remuneration) — along with any salary, house property, capital gains or other income they may also have. It requires detailed reporting of the profit and loss account and balance sheet.

At N D Savla & Associates, we prepare and file ITR-3 returns for proprietors, professionals and partners across Nashik and Maharashtra, including cases requiring a tax audit under Section 44AB, ensuring the financial statements and return are consistent and accurately filed.

Given the level of detail ITR-3 demands — from books of accounts to depreciation schedules — we handle the full computation so nothing is misreported or missed.

Our ITR-3 Filing Services

Business & Professional Income Computation

Computing income from proprietary business or profession based on books of accounts and applicable provisions.

Profit & Loss and Balance Sheet Reporting

Preparing and reporting the profit and loss account and balance sheet as required within the ITR-3 form.

Tax Audit-Linked Filing

Coordinating ITR-3 filing with tax audit reports under Section 44AB where the turnover or receipts threshold is crossed.

Depreciation & Asset Schedule

Computing depreciation under the Income Tax Act and reporting the asset block schedule accurately.

Partner's Share of Profit Reporting

Reporting a partner's share of profit, interest and remuneration received from a partnership firm.

Capital Gains & Other Income Integration

Integrating capital gains, house property and other income alongside business income within the same return.

Presumptive Taxation Assessment

Assessing whether presumptive taxation under Section 44AD/44ADA could apply instead of regular books-based computation.

Filing & E-Verification

Filing the completed ITR-3 on the e-filing portal, along with any linked audit report, and completing e-verification.

Our ITR-3 Filing Process

1

Books & Document Review

We review books of accounts, bank statements and supporting documents for the business or profession.

2

Income & P&L Computation

Business or professional income is computed, and the profit and loss account and balance sheet are finalised.

3

Audit Coordination (If Applicable)

Where a tax audit is required, the audit report is finalised and linked to the return before filing.

4

Full Return Preparation

All schedules — business income, capital gains, other income and deductions — are compiled into the ITR-3.

5

Filing & E-Verification

The return is filed on the portal, along with any audit report, and e-verified to complete the process.

Why It Matters

Accurate business and professional income computation
Correctly prepared profit and loss account and balance sheet
Seamless coordination with tax audit filings where required
Correct depreciation and asset schedule reporting
Accurate reporting of partner's share of profit and remuneration
Assessment of presumptive taxation eligibility to simplify filing
Integrated handling of business income alongside other income
End-to-end filing support including e-verification

Frequently Asked Questions

ITR-3 applies to individuals and HUFs with income from business or profession — including sole proprietors, professionals, and partners reporting their share of profit, interest or remuneration from a firm — along with any other income they may have such as salary or capital gains.
No. ITR-4 (Sugam) is a simplified form for eligible taxpayers opting for presumptive taxation under Section 44AD, 44ADA or 44AE, while ITR-3 is used for business or professional income computed under regular books of accounts, or where presumptive taxation isn't opted for or applicable.
Not necessarily — a tax audit under Section 44AB is required only if turnover or gross receipts exceed the prescribed thresholds, or under certain other specified conditions; many ITR-3 filers below those thresholds file without an audit requirement.
ITR-3 requires reporting of the profit and loss account and balance sheet of the business or profession, along with detailed schedules for depreciation, other income, and any capital gains for the year.
Yes, a partner reports their share of profit (which is exempt but disclosed), along with any interest or remuneration received from the firm (which is taxable), as part of their personal ITR-3 filing alongside any other personal income.
The due date depends on whether a tax audit applies — non-audit cases generally follow the 31st July deadline, while audit cases generally follow a later deadline (commonly 31st October) aligned with the audit report filing timeline, subject to any government extensions.

Running a business or profession and need ITR-3 filed?

Share your books and income details — we'll prepare your financials, coordinate any audit, and file your ITR-3.