ITR-3 with the balance sheet, P&L and turnover working done properly
Business and professional income, F&O and intraday results, partner remuneration and depreciation, filed with complete schedules.
ITR-3 carries the full balance sheet and profit and loss schedules, which means the return has to agree with your books, your GST turnover and your bank statements at the same time. For traders there is an extra trap: F&O turnover is not the contract value, and getting it wrong changes whether a tax audit applies at all. We prepare the financials, compute turnover the way the guidance note prescribes, and tell you the audit position before the deadline, not after.
Who this is for
Individuals and HUFs carrying on a business or profession, partners drawing remuneration or interest from a firm, and anyone with F&O, intraday or speculative trading income. Presumptive taxpayers use ITR-4 instead.
What's included
Books and financials
Profit and loss account, balance sheet and depreciation schedule prepared from your records.
F&O and intraday
Turnover computed per ICAI guidance, speculative and non-speculative income kept separate.
Audit applicability
Section 44AB limits checked against turnover, profit ratio and cash transaction share.
Partner income
Remuneration, interest and share of profit from firms reported with the correct exemption.
How the process works
- 1
Share bank statements, sales and expense records, and trading profit and loss reports.
- 2
We prepare the financial statements and compute turnover and taxable income.
- 3
Audit applicability is confirmed in writing, and the computation shared for approval.
- 4
The return is filed with the complete schedules, e-verified and followed through.
Benefits
- Books that agree with your GST returns and bank statements, which is what scrutiny checks first.
- Trading losses carried forward correctly for set-off in later years.
- Audit requirement identified early, so the September deadline is never a surprise.
Fees
Professional fee starts at
₹2,999
Non-audit cases. Tax audit engagements are quoted after reviewing turnover. Compare all packages
Frequently asked questions
- Is a tax audit compulsory for F&O trading?
- Not automatically. It depends on turnover computed under the guidance note, the profit or loss declared, and the share of digital transactions. We check the position and tell you before filing.
- Can F&O losses be carried forward?
- Yes, non-speculative business losses can be carried forward for eight years, but only if the return is filed by the due date. Late filing forfeits the carry forward.
- What if my books are incomplete?
- We reconstruct them from bank statements, invoices and broker reports. Sending everything early keeps the cost and the timeline down.
Related services
Each page covers one requirement in detail — documents, timeline, pricing context and FAQs.
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