Income tax & TDS
Business and professional ITR filing
File your income tax return for business or professional income, whether you declare income under the presumptive scheme or keep full books. We work out your profit, check it against your GST returns and bank statements, and file the right return. Where a tax audit applies, we tell you before filing.
- Presumptive or regular income, whichever suits you
- Turnover matched with GST returns and bank statements
- P&L and balance sheet prepared in the books package
- Advance tax plan for the coming year
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Choose a package
Presumptive income
₹1,499+ ₹270 GST
2–4 working days
- Business or professional income under the presumptive scheme
- Turnover checked against GST returns and bank statements
- Salary, rent, interest and other income included
- Both tax regimes compared
- Filing and help with e-verification
- Advance tax estimate for the coming year
With books, P&L and balance sheet
₹3,999+ ₹720 GST
5–7 working days
- Profit and loss account and balance sheet from your records
- Expenses and depreciation worked out
- Futures and options or intraday trading income, if any
- Capital gains, salary and other income included
- Losses set off and carried forward
- Filing and help with e-verification
- Advance tax estimate for the coming year
Fees are before 18% GST. Any tax, interest or late fee is paid at actuals. Bookkeeping for the year, and the tax audit if your case needs one, are separate services.
Who needs business and professional ITR filing
- Shop owners, traders and small manufacturers
- Freelancers, consultants, doctors, lawyers and other professionals
- Proprietors registered under GST
- Traders in futures and options or intraday shares
- Creators and others earning from online platforms
Documents you'll need
Basics
- PAN and Aadhaar
- Your e-filing portal login
- Bank statements for all business and personal accounts for the year
Business records
- Sales and purchase registers, or your accounting data
- GST returns for the year, if registered
- Expense bills, loan statements and asset purchase invoices
- Closing stock, debtors and creditors at the year end
- Broker's P&L statement, if you trade in shares or derivatives
Other income and deductions
- Form 16, interest certificates and capital gains statements
- Investment and insurance proofs, if you choose the old regime
You upload these from your order page after you pay. Scans or clear phone photos are fine.
How it works
- 1
Tell us about your business
What you do, your turnover, how you're paid and whether you've used the presumptive scheme in earlier years.
- 2
Presumptive or regular
We compare the profit you'd declare under the presumptive scheme with your actual profit, and check whether a tax audit applies.
- 3
Accounts and computation
We prepare the P&L and balance sheet where needed, match turnover with GST returns and bank credits, and compute your tax.
- 4
Review and filing
You check the computation and approve it. We file the return and help you e-verify it.
- 5
After filing
We track processing, deal with any intimation, and send you an advance tax plan for the coming year.
The presumptive scheme
Small businesses and professionals can declare income at a fixed share of turnover or receipts instead of keeping detailed books. For a business it's 8% of turnover, or 6% of the part received through banks and digital modes; for specified professionals it's 50% of receipts. You can always declare more. Each scheme has a turnover or receipts limit, which is higher when cash receipts are small.
If a business leaves the scheme after using it, it may not be able to return for some years, and declaring less than the scheme's rate can bring a tax audit. We check both before you decide.
When you need books and a balance sheet
If your turnover is above the scheme's limit, you aren't eligible for it, or you want to declare a lower actual profit, you file a regular return with a profit and loss account and balance sheet. Trading in futures and options is business income and is reported this way too.
The Act requires some businesses and professionals to keep books of account, depending on their income and turnover. Even where it doesn't, records of sales, expenses and bank entries are what support your return if the department asks.
Business returns under the old and new Act
Returns for FY 2025-26 are filed under the 1961 Act, mostly on ITR-3 for regular business income and ITR-4 (Sugam) for presumptive income. From tax year 2026-27, the Income-tax Act, 2025 applies, with new section numbers for the presumptive scheme and the tax audit.
Whichever Act applies, the decisions are made during the year, not at filing time. Plan with us before the year ends so your books, advance tax and GST filings line up.
Frequently asked questions
Should I choose the presumptive scheme?
It suits you if your actual profit is close to or above the scheme's rate and you want simpler records. If your margins are low, a regular return with books may mean less tax, but it can bring a tax audit. We work out both before you decide.
Does my ITR need to match my GST returns?
Your turnover in the ITR should reconcile with your GST returns, and the department compares the two. Differences are fine when there's a reason, such as timing or exempt sales, but we note them and keep the working ready.
I'm a freelancer paid from abroad. How is that taxed?
If you're resident in India, foreign receipts for your services are taxable here like any other professional income, and you may be able to use the presumptive scheme. Whether GST applies to your export of services is a separate question, and we can check that too.
Do I need to pay advance tax?
Yes, if your tax for the year after TDS is above the small threshold in the Act. Under the presumptive scheme it can be paid in a single instalment in March; others pay in four instalments through the year. Missing them means interest.
I made a loss in futures and options. Should I still file?
Yes. A business loss can be carried forward and set off against future business income only if you file by the due date. Depending on your turnover and results, a tax audit may also apply. Send us your broker's statement and we'll tell you.
Do I need a tax audit?
It depends on your turnover or receipts, how much of it is in cash, and whether you declare less than the presumptive rate. We check this first. If you need one, it's a separate service and must be completed before the return is filed.