Business Tax Filing
Income tax return preparation and filing for proprietorships and other business income.
What's covered
- Business tax filing covers the annual income tax return for proprietors above the exemption limit, firms and LLPs (regardless of income), and companies (for whom filing is mandatory), as well as HUFs carrying on business.
- Many small businesses opt for presumptive taxation: under §44AD profits are presumed at 8% of turnover (6% for digital receipts), while §44ADA applies to eligible professionals — these schemes are available up to the prescribed limits, broadly turnover of ₹2 crore for §44AD and the corresponding professional ceilings.
- The form follows the entity: ITR-3 for non-presumptive business or professional income, ITR-4 for presumptive income up to ₹50 lakh professional / within the prescribed turnover, ITR-5 for firms and LLPs, and ITR-6 for companies.
- Where turnover crosses the audit threshold a tax audit under §44AB applies (Form 3CB-3CD as relevant) and companies are always audited; getting the scheme, form and audit position right is what keeps a business return both compliant and tax-efficient.
How we work
- 01
Assess turnover, scheme and audit position
We review your turnover and receipts to decide whether presumptive taxation under §44AD or §44ADA is beneficial, and whether a tax audit under §44AB is triggered for AY 2026-27.
- 02
Prepare accounts and compute taxable income
We finalise the profit and loss account and balance sheet (or the presumptive computation), apply allowable expenses and depreciation, and arrive at the taxable business income on the correct ITR form.
- 03
File the return and meet advance-tax dates
We file by the applicable due date — 31 July 2026 for non-audit cases, 31 October 2026 for audit cases, and 30 November where transfer-pricing applies — and track advance tax across the 15%, 45%, 75% and 100% instalment schedule.
Documents required
- PAN of the business and of the proprietor or partners
- Profit and loss account and balance sheet for the year
- Bank statements and Form 26AS
- GST returns and turnover summary, where registered
- Tax audit report (Form 3CB-3CD), where §44AB applies
- Fixed-asset register and depreciation working
Applicable laws & forms
- Income-tax Act 1961 — charges business and professional income to tax
- §44AD — presumptive scheme at 8% of turnover (6% for digital receipts) within the prescribed limit
- §44ADA — presumptive scheme for eligible professionals within the prescribed ceiling
- §44AB — tax audit where turnover or receipts cross the threshold; companies are always audited
- ITR-3 / ITR-4 / ITR-5 / ITR-6 — return forms by entity and scheme
Frequently asked questions
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Government fees
- Statutory / government fee (indicative)
- ₹0
Indicative government fee · last verified 2026-06-07. Our professional charges are shared on consultation.