ITR-3 Return Filing Services
ITR-3 is applicable for individuals and HUFs having income from business or profession. Filing ITR-3 requires detailed reporting of financial statements, profit & loss accounts, and tax computations. At N D Savla & Associates, we ensure accurate and compliant filing with expert handling of complex business income.
Who Should File ITR-3?
- Individuals and HUFs with business income
- Professionals such as doctors, lawyers, consultants
- Freelancers and self-employed individuals
- Partners in firms (excluding salary/interest income cases under ITR-2)
- Individuals with income from trading or speculative business
Who Cannot File ITR-3?
- Individuals opting for presumptive taxation (use ITR-4)
- Salaried individuals without business income
Our ITR-3 Filing Services Include
- Preparation of Profit & Loss Account and Balance Sheet
- Business income computation and tax planning
- Depreciation and asset calculation
- GST reconciliation and reporting
- Audit support (if applicable)
- Verification of Form 26AS, AIS, and TIS
- Accurate filing and compliance management
Simple Steps to File ITR-3
Books of accounts, bank statements, invoices, GST data.
We prepare financial statements and compute taxable income.
Optimize tax liability with deductions and compliance checks.
Accurate filing of ITR-3 with complete disclosures.
Completion via Aadhaar OTP or EVC.
Benefits of Filing ITR-3 on Time
- Avoid penalties and notices from the tax department
- Maintain proper financial records
- Helps in loan approvals and business credibility
- Ensures compliance with income tax laws
Why Choose N D Savla & Associates?
- Expert handling of complex business returns
- Accurate financial reporting and compliance
- Personalized advisory for tax planning
- Quick turnaround and professional support
Frequently Asked Questions
Who should file ITR-3?
Individuals with business or professional income must file ITR-3.
Is maintaining books of accounts mandatory?
Yes, depending on turnover and nature of business as per tax laws.
Is audit required for ITR-3?
Audit is required if turnover exceeds prescribed limits or under certain conditions.
Can freelancers file ITR-3?
Yes, freelancers earning professional income must file ITR-3.
How long does ITR-3 filing take?
Usually 2–4 working days depending on complexity.