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Business Income Return Filing

Easy ITR filing for Professionals, Freelancers, and Businessmen with S.K. & Associates. File ITR-3, ITR-4, ITR-4S, and ITR-V for free — or let our CAs handle it end-to-end.

File ITR-3, ITR-4, ITR-4S & ITR-V for free

Presumptive filing (ITR-4S) in under 10 minutes

File on your own, or with our tax professionals

Balance Sheet & P&L preparation support

Quarterly bookkeeping & advance tax payments

Tax-saving suggestions from qualified CAs

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Overview

Business Income Return Filing: For Professionals, Freelancers & Businessmen

If you earn from a business or profession — as a freelancer, consultant, doctor, lawyer, engineer, CA, or as a business owner — your Income Tax Return filing works differently from a salaried individual's. Different ITR forms apply, different rules govern presumptive taxation, and books of accounts may or may not be mandatory.

At S.K. & Associates, we simplify this entirely. You can file ITR-3, ITR-4, ITR-4S, and ITR-V for free on your own — or let our qualified CAs prepare, review, and file on your behalf.

Presumptive filing under ITR-4S takes less than 10 minutes for most professionals and freelancers. For businesses maintaining books of accounts, our Super and Mega plans cover bookkeeping, Balance Sheet, P&L, and advance tax payments.

Who It's For

Who Should File a Business Income Return?

Business income return filing applies to a wide range of professionals, freelancers, and business entities.

Freelancers

Independent contractors, content creators, designers, developers and consultants earning from client work.

Professionals

Doctors, lawyers, CAs, engineers, architects, consultants — anyone in a "specified profession".

Small Business Owners

Proprietors, traders, shopkeepers and service businesses with simple accounting needs.

Self-Employed Consultants

Anyone earning commission, professional fees, or advisory income without a formal company structure.

ITR Forms

Which ITR Form Applies to You?

Two main options for business and professional income — choose based on whether you maintain books of accounts.

ITR-4 — With Books of Accounts

Choose ITR-4 if you maintain books of accounts and get your accounts audited.

Suitable for businesses maintaining proper books
Mandatory if accounts are audited
Requires Balance Sheet & P&L statements
Applicable for turnover above presumptive limits

ITR-4S — Presumptive Income

Choose ITR-4S if you do not maintain books of accounts and opt for presumptive taxation.

File in under 10 minutes — no bookkeeping required
For professionals & freelancers with simple income
Turnover or gross receipts within specified limits
Also for plying, hiring, or leasing goods carriages

Quick rule of thumb: Maintenance of books of accounts + audit = ITR-4. Presumptive taxation without books = ITR-4S. If you're unsure which applies to you, our CAs will confirm it in a free consultation.

ITR Filing Plans

ITR Filing Plans for Business & Professionals

From free self-filing to full CA-managed compliance — pick what fits your scale.

Business Free Plan

Free

You can perform ITR filing by yourself
Covers No Book Of Accounts
Covers No Presumptive Income
Good For Small Businesses
Freelancers And Professionals

Business Saving Plan

₹1,699

Our CA File Your Return
Covers No Book Of Accounts
Covers No Presumptive Income
Good For Small Businesses
Freelancers And Professionals

Business Super Plan

₹2,999

Our CA File Your Return
Covers Entry Of Book Of Accounts
Balance Sheet & Profit and Loss A/c
Good For Small-Mid Businesses
Professionals maintaining Books

Business Mega Plan

₹8,999

Our CA File Your Return
Covers Entry Of Accounts
Balance Sheet & Profit and Loss A/c
Quarterly Bookkeeping
Tax Saving Suggestions
Advance Tax Payments

Free plan: File ITR-3, ITR-4, ITR-4S, and ITR-V yourself at no cost. Paid plans: Our CAs prepare, review, and file on your behalf — with tax-saving advice and advance tax support as you scale up.

Deadlines

Business Income Return Filing Deadlines

The due date depends on whether your accounts need to be audited.

Non-Audit Cases

31st July

For businesses and professionals not required to get their accounts audited, the due date is 31st July of the Assessment Year.

Audit Cases

30th September

If you are required to get your accounts audited, the last date for filing your return of income is 30th September of the Assessment Year.

Compliance

Books of Accounts & Audit Requirements

Understanding when you must maintain books of accounts — and when audit becomes mandatory.

When Books of Accounts Are Mandatory

If you are engaged in a specified profession and your gross receipts exceed ₹1,50,000 in all three years immediately preceding the previous year — or if you're starting a new business and gross receipts are likely to exceed ₹1,50,000 — you must maintain books of accounts.

Specified Professions

Legal, medical, engineering, architectural, accountancy, technical consultancy, interior decoration, film artists, company secretary, information technology, and authorised representative professions.

When You Can Opt for Presumptive

You can opt for presumptive taxation if your turnover or gross receipts are within specified limits, or if you're in the business of plying, hiring, or leasing goods carriages.

When Audit Becomes Mandatory

You are required to get your accounts audited if your turnover or gross receipts exceed ₹2 Crore (for business) or ₹50 Lakhs (for a profession).

If You Don't Opt for Presumptive Despite Being Eligible

You must maintain books of accounts and get your accounts audited — even though you were eligible for presumptive taxation.

How It Works

How Business ITR Filing Works With Us

From form selection to final filing — here's the flow.

Step 1: Confirm Your ITR Form

We check your income type, turnover, and whether you maintain books of accounts — and confirm whether ITR-4, ITR-4S, or ITR-3 applies to you.

Step 2: Choose Your Filing Plan

File free on your own, or select one of our CA-assisted plans (Saving, Super, or Mega) based on whether you need bookkeeping, Balance Sheet, or advance tax support.

Step 3: Submit Your Income Details

Upload your gross receipts, expenses, TDS certificates, bank statements, and (if applicable) Balance Sheet and P&L data. Our team reviews everything.

Step 4: CA Review & Tax Optimization

Our CAs reconcile your data, apply eligible deductions, and suggest tax-saving opportunities before finalizing the computation.

Step 5: File Your Return

Your return is filed directly with the Income Tax Department. You receive the ITR-V acknowledgment, which we help verify and track for refunds.

Pitfalls

Common Mistakes in Business ITR Filing

Choosing the wrong ITR form: Filing ITR-4S when you actually maintain books of accounts — or filing ITR-4 when you were eligible for presumptive — creates mismatches that trigger notices.

Missing the audit-linked deadline: If your accounts require audit, the due date shifts to 30th September, not 31st July. Assuming the individual deadline applies is a common error.

Not maintaining books when mandatory: Crossing ₹1.5 Lakh gross receipts in a specified profession triggers the books-of-accounts requirement, even for new businesses just starting out.

Presumptive filing despite audit requirement: If turnover crosses ₹2 Crore (business) or ₹50 Lakhs (profession), presumptive filing is no longer an option — audit becomes mandatory.

Skipping quarterly bookkeeping until year-end: Deferring all entries to March causes errors, missed deductions, and rushed filings. Quarterly bookkeeping (as in our Mega plan) avoids this entirely.

Missing advance tax payments: Businesses and professionals must pay advance tax quarterly. Missing these instalments attracts interest under Sections 234B and 234C.

Why Us

Why Choose S.K. & Associates for Business ITR Filing

A decade of filing returns for professionals, freelancers, and growing businesses across India.

Free Filing Option

File ITR-3, ITR-4, ITR-4S and ITR-V yourself at zero cost — no strings attached.

Presumptive Filing in 10 Minutes

Freelancers and professionals can complete ITR-4S filing in under 10 minutes with our guided flow.

CA-Assisted Plans

Let qualified CAs prepare, review, and file your return — with tax-saving suggestions included.

Bookkeeping & Balance Sheet Support

Super and Mega plans include entries of books of accounts, Balance Sheet and P&L preparation.

Quarterly Bookkeeping & Advance Tax

Mega plan covers quarterly bookkeeping and advance tax payments — keeping you compliant year-round.

30+ Offices in India

Physical presence across major cities, with 10+ years of experience and a money-back guarantee.

File Your Business Income Return the Easy Way

Connect with S.K. & Associates today — file ITR-3, ITR-4, ITR-4S, and ITR-V for free, or let our CAs handle everything from bookkeeping to advance tax.

Free Filing Option Transparent Pricing Pan-India Support

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Conclusion

Business Income Filing Doesn't Have to Be Complicated

For professionals, freelancers, and small business owners, ITR filing often feels harder than it should — because the rules around presumptive taxation, books of accounts, and audit thresholds aren't obvious. Choosing the wrong form or missing the audit-linked deadline is enough to trigger a notice.

With S.K. & Associates, that complexity disappears. File ITR-4S in under 10 minutes if you're a freelancer. Or let our CAs handle the entire flow — books of accounts, Balance Sheet, P&L, quarterly bookkeeping, advance tax, and final filing. Connect with us today and file with confidence.

FAQ

Frequently Asked Questions

There are two types of return a professional can file. Use ITR-4 if you maintain books of accounts and get your accounts audited. Use ITR-4S if you do not maintain books of accounts and opt for a presumptive source of income.

The last date for filing the business and profession income return is normally 31st July of the Assessment Year. However, if you are required to get your accounts audited, the last date for filing your return of income is 30th September of the Assessment Year.

If you are engaged in a specified profession and your gross receipts exceed ₹1,50,000 in all three years immediately preceding the previous year — or if you're starting a new business and gross receipts are likely to exceed ₹1,50,000 — you need to maintain books of accounts.

Specified professions include legal, medical, engineering, architectural, accountancy, technical consultancy, interior decoration, film artists, company secretary, information technology, and authorised representative professions.

You can opt for a presumptive source of income if your turnover or gross receipts is within the specified limits, or if you are engaged in the business of plying, hiring, or leasing goods carriages.

You are required to get your accounts audited if your turnover or gross receipts exceeds ₹2 Crore (in case of business) or ₹50 Lakhs (in case of a profession).

If you don't opt for a presumptive source of income despite being eligible, you must maintain books of accounts and get your accounts audited.