Normal Professional Books ITR Filing
ITR filing for professionals maintaining actual books of accounts under Section 44AA
Overview
Normal Professional Books filing is for freelancers and professionals whose gross receipts exceed the Section 44ADA presumptive threshold, or whose actual business expenses are higher than the 50% presumptive rate — making regular books of accounts the more tax-efficient and, in some cases, mandatory route. Under this approach, taxable income is computed as actual gross receipts minus genuine business expenses, with depreciation claimable on assets like laptops, equipment, and office furniture. This method requires maintaining proper books under Section 44AA and filing through ITR-3, and may also trigger mandatory tax audit under Section 44AB depending on receipts and the profit margin declared.
Services Included
- Books of accounts review and finalization
- Actual income and expense computation
- Depreciation computation on business assets
- Tax audit applicability assessment under Section 44AB
- Advance tax calculation and quarterly planning
- ITR-3 preparation and e-verification
Who Should Buy
- Professionals with receipts above ₹75 lakh
- Freelancers with higher actual expenses than 50%
- Professionals required to maintain books under 44AA
- Professionals needing depreciation claims
How It's Done
Subject to finalized books of accounts and audit completion (if applicable)
(Estimated completion: 5–8 working days)
Buy the plan
Select and pay for the service.
ITR expert assigned
A tax expert will get in touch with you.
Document collection & verification
Books of accounts, expense bills, and receipts reviewed.
Audit assessment & coordination
Tax audit applicability checked and arranged if required.
ITR filed & e-verified
Return is filed and e-verified on the income tax portal.
Documents Required
PAN Card
Aadhaar Card
Books of accounts (cash book, ledger, journal)
Expense bills and vouchers
Fixed asset purchase invoices
Bank statements (all business accounts)
TDS certificates from clients
FAQs
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Average Rating
Normal Professional Books ITR Filing
₹4,999