Businesses and Freelancers with Non-Tax Audit Income

P&L and Balance Sheet. Businesses with Annual Turnover or Gross Receipts NOT exceeding INR 1 crore are included. Incomes include salary, Other Incomes and Capital Gains.

• CA Expert Assisted ITR Filing
• ITR Preparation by Certified Chartered Accountants
• Tax Planning And Tax Savings Strategies
• Suggestions on Best Tax Saving Options
• Audit Fee and DSC not included
• Quarterly Advance Tax Services
• 24x7 Customer Support from CA Experts

• ITR-3: This form is commonly used for businesses with profits or gains from profession or business.
• ITR-4: Applicable for businesses opting for the presumptive taxation scheme, declaring a percentage of gross receipts as income.
• Other ITR forms: Depending on your business structure, there might be other applicable forms. Consult a tax advisor for the most appropriate one.

Form 26AS:

This pre-filled form summarizes your tax information, including Tax Deducted at Source (TDS) by clients or vendors, helping verify your income and tax liability.

Financial Statements:

Include business bank statements, profit and loss statements, and balance sheets for the relevant financial year.

Business Registration Documents:

• Proprietorships: A copy of your Gewerbeamt registration (Germany) or Business License (US) might be required.
• Companies: Provide a copy of your Certificate of Incorporation or registration documents.

Additional Documents (Depending on Scenario):

• TDS certificates issued by clients or vendors (if applicable).
• Proof of tax payments made during the year (advance tax, self-assessment tax).
• Records of Income and Expenses: Maintain good records of all business income sources (invoices, contracts) and deductible expenses (rent, travel, equipment) to support your tax deductions.
• Investment Proofs: If claiming deductions under sections like 80C (investments in specific schemes), provide proof of those investments.

Remember:

This is a general list, and specific requirements might vary depending on your location and business type. For businesses with a turnover exceeding a certain limit (e.g., Rs 1 crore in India), a tax audit report might be mandatory. It's best to consult a tax advisor to determine the exact requirements and ensure a smooth filing process.