Business ITR Filing
Run a proprietorship or have business income? We file the right ITR (ITR-3 or presumptive ITR-4), handle your books, claim legitimate expenses and keep you compliant — accurately and on time.
Quick answer
Business income is filed on ITR-3 with regular books, or ITR-4 where you declare presumptive income. For AY 2026-27 a non-audit business or professional return is due 31 August 2026 — not 31 July, which now applies only to filers with no business or professional income. Audit cases run to 31 October.
Applies to: AY 2026-27 (income of FY 2025-26), under the Income-tax Act, 1961Jurisdiction: IndiaSources checked: 20 August 2026
Starts at
₹1,499
+ GST | taxes payable, interest, late fees, audit requirements and professional fees vary with your income, entity type, books and transactions
Timeline
Before your due date (31 Aug, or 31 Oct if audited)
Documents
Books / receipts + expenses
ITR-3 or presumptive ITR-4
Expenses claimed
Books support
Expert-reviewed
Pricing
Business ITR filing
We choose between regular (ITR-3) and presumptive (ITR-4) based on what's best for you. Audit, where applicable, is quoted separately.
Presumptive (44AD/44ADA)
Simple, lower-compliance
+ GST
- ITR-4 filing
- Presumptive computation
- Eligibility check
- Expert review
Regular (ITR-3)
Full P&L and balance sheet
+ GST
- ITR-3 filing
- Books / P&L support
- Expense optimisation
- Dedicated reviewer
Prices are professional fees and indicative. Government fees, stamp duty, DSC, PAN/TAN, state charges and third-party costs are extra and may change. A final engagement summary separates each component before payment.
Overview
What is Business ITR Filing?
If you earn business or professional income — as a proprietor, trader or service provider — you file your income tax through ITR-3 (regular, with books) or ITR-4 (presumptive, simpler). The right choice depends on your turnover, margins and record-keeping.
Under presumptive taxation (Section 44AD for business, 44ADA for professions), income is declared as a fixed percentage of turnover/receipts, with much lighter book-keeping. Regular ITR-3 suits businesses with proper books or lower margins where presumptive would over-tax you.
The due date for business income moved. For AY 2026-27 a non-audit business or professional return is due 31 August 2026, not 31 July — the Finance Act, 2026 substituted the due-date table and created a separate row for business and professional income. The 31 July date is now the residual row, for filers with no business or professional income at all. Where a tax audit applies, the return runs to 31 October and the audit report is due a month earlier. Note also that presumptive taxpayers pay advance tax in a single instalment by 15 March rather than in four.
We assess which route is better for you, claim your legitimate expenses, compute the tax, get it reviewed, and file it.
Is it for you?
Who needs it — and who doesn't
Recommended if
- Sole proprietors and individual business owners
- Traders, manufacturers and service providers
- Professionals not opting for presumptive (or above its limit)
- Anyone with business/profession income to report
May not be needed if
- Salaried individuals with no business income (use Salaried ITR)
- Companies and LLPs (separate ITR-6/ITR-5)
- Pure freelancers better served by the freelancer presumptive route
Benefits
Why it's worth doing right
Pay tax on real profit
Claiming legitimate business expenses means you're taxed on actual profit, not gross receipts.
Right scheme for you
We compare presumptive vs regular so you don't over- or under-pay.
Audit clarity
We tell you upfront whether a tax audit applies and handle it if so.
Eligibility
Eligibility & key conditions
- You have business or professional income
- You can share receipts/turnover and expenses
- Books or records (for regular ITR-3)
Documents
Documents required
Income
- Turnover / gross receipts
- Bank statements
- Sales and purchase records
Expenses & tax
- Business expense details
- Depreciation/asset details
- Advance tax / TDS credits
- GST returns (for reconciliation)
Process
A clear path from start to filed
Costs
Fees & cost breakdown
| Cost component | Indicative amount |
|---|---|
| Professional feePresumptive; regular ITR-3 higher | From ₹1,499 |
| Government feeNo portal fee to file | Nil |
| Tax audit (if applicable)Where Section 44AB applies | Quoted separately |
Deliverables
What you receive on completion
After this filing
What you need to stay compliant next
Advance tax
Business income usually means advance-tax instalments — we keep you on schedule to avoid interest.
Audit & GST
We flag tax-audit applicability and keep your ITR consistent with your GST returns.
Avoid delays
Common mistakes & reasons for rejection
Common mistakes
- Choosing presumptive when regular would tax you less (or vice versa)
- Not claiming legitimate business expenses
- Income not matching GST returns / 26AS
- Ignoring advance-tax instalments and paying interest
- Missing a tax-audit requirement
AI-powered assistance
AI does the heavy lifting. Experts make the call.
AI assists with checks, drafting and explanations only. A qualified professional reviews every defined checkpoint and the final filing before submission. AI does not make consequential compliance decisions on its own.
File your business ITR right
We pick the best scheme, claim your expenses and file ITR-3 or ITR-4 — so you're taxed on real profit, not gross receipts.
Compare
Business ITR Filing vs Company ITR Filing
| Factor | Business ITR Filing | Company ITR Filing |
|---|---|---|
| Form | ITR-3 / ITR-4 (proprietor) | ITR-6 (company) |
| Taxed as | Individual slabs | Company tax rates |
| Compliance | Lighter | Heavier (plus ROC) |
Use cases
Built for how real businesses operate
Small trader
Need: Simple filing
We suggest: Presumptive ITR-4 if eligible and beneficial.
Growing business
Need: Claim real expenses
We suggest: Regular ITR-3 with proper books.
Why MyFinancialAdvisory
A more accountable way to stay compliant
Quality & accountability
Reviewed by compliance experts
Every business itr filing engagement is prepared with structured checks and signed off by qualified professionals before anything is filed — speed without sacrificing accuracy.
Reviewed by
Reviewed by MyFinancialAdvisory Tax Team
Income-tax & TDS review
Our income-tax and TDS work is prepared with AI-assisted checks and reviewed by qualified professionals experienced in ITR filing, TDS compliance and notices before anything is filed.
Structured document checks
Documents and eligibility follow structured checks before expert review.
Expert-reviewed before filing
A qualified professional signs off every defined checkpoint.
Compliance-safe guidance
Advice mapped to current rules — no shortcuts, no guesswork.
Keep exploring
Hub
Income tax & TDS
ITR filing, TDS, tax planning and notices for every taxpayer.
Service
Income Tax Return Filing
File the right ITR accurately and on time.
Service
Freelancer ITR Filing
ITR for freelancers and consultants, presumptive or regular.
Service
Tax Audit Support
Tax audit (44AB) preparation and filing.
Service
Advance Tax Payment
Pay advance tax on time and avoid interest.
FAQs
Business ITR Filing — frequently asked questions
Which ITR form is for business income?
ITR-3 for regular business/profession income with books, or ITR-4 for the presumptive scheme (44AD/44ADA). We choose the right one for your situation.
What is presumptive taxation (44AD/44ADA)?
A simplified scheme where income is declared as a fixed percentage of turnover/receipts (e.g. 8%/6% for business under 44AD, 50% for eligible professions under 44ADA), with much lighter book-keeping, subject to turnover limits.
Should I choose presumptive or regular?
It depends on your real margins and records. If your actual profit is below the presumptive percentage, regular ITR-3 may tax you less; if record-keeping is a burden and margins are healthy, presumptive is simpler. We compare for you.
Can I claim business expenses?
Under regular ITR-3, yes — legitimate business expenses reduce taxable profit. Under presumptive, income is a fixed percentage and detailed expense claims don't separately apply.
Do I need a tax audit?
A tax audit under Section 44AB can apply above certain turnover/receipt thresholds, or if you declare lower than presumptive in some cases. We assess applicability upfront.
What's the due date for business ITR?
31 August for non-audit business cases, and 31 October where a tax audit applies. The non-audit business date moved from 31 July to 31 August; salaried filers without business income remain at 31 July. Dates can change by notification.
Does my ITR need to match my GST returns?
Turnover reported in your ITR should be consistent with your GST returns; mismatches can invite questions. We reconcile them.
Do I need to pay advance tax?
If your tax liability for the year exceeds ₹10,000, advance tax is generally payable in instalments to avoid interest under Sections 234B/234C.
Can a proprietor file a single ITR for personal and business income?
Yes — a proprietorship isn't separate from the owner, so business income is filed in the proprietor's ITR (ITR-3/4) along with other personal income.
What do I receive?
A scheme recommendation, the filed ITR-3/4, a computation showing expenses claimed, and processing/refund tracking.
References
Official sources
- Finance Act, 2026 s.5(a) — substitutes the s.139(1) due-date table: 31 August for non-audit business and professional cases, 31 October for audit cases, Gazette of India
- Income-tax Act, 2025 (No. 30 of 2025) s.58 — presumptive ceilings of ₹2 crore / ₹3 crore for business and ₹50 lakh / ₹75 lakh for a specified profession; s.63 — tax audit thresholds
- Income Tax Department — returns and forms applicable for AY 2026-27, including the ITR-4 eligibility limits
Rules, fees and due dates change by notification. Confirm the current position on the official portal before you act.
Ready to get business itr filing done?
Start with a quick conversation. We’ll confirm scope, documents, fees and the next deadline.