Proprietorship ITR Filing – ₹1 Crore+ Turnover
Full books and tax audit support for high-turnover proprietorship businesses
Overview
Proprietorship ITR filing for businesses with turnover above ₹1 crore requires maintaining full books of accounts under Section 44AA and, in most cases, undergoing mandatory tax audit under Section 44AB before the return can be filed. At this scale, the business is expected to maintain a complete Profit and Loss Account, Balance Sheet, fixed asset register, and stock valuation records, with depreciation, actual expenses, and business losses claimable and carried forward as applicable. TDS deduction obligations on payments to vendors, contractors, and professionals become significant at this stage, and GST compliance, e-way bill requirements, and turnover reconciliation across both regimes require close attention.
Services Included
- Full books of accounts finalization
- Tax audit coordination under Section 44AB
- Profit & Loss Account and Balance Sheet preparation
- Depreciation and fixed asset register review
- TDS deductor compliance review
- ITR-3 preparation and e-verification
Who Should Buy
- Manufacturers and wholesalers
- High-turnover traders requiring audit
- Businesses with significant capital expenditure
- Proprietorships with multiple vendor/contractor payments
How It's Done
Subject to finalized audited books of accounts
(Estimated completion: 7–12 working days)
Buy the plan
Select and pay for the service.
ITR & audit expert assigned
A tax expert will get in touch with you.
Document collection & verification
Books of accounts, stock, and asset records reviewed.
Tax audit coordination
Tax audit completed and Form 3CB-3CD prepared.
ITR filed & e-verified
Return is filed and e-verified on the income tax portal.
Documents Required
PAN Card
Aadhaar Card
Complete books of accounts (cash book, ledger, journal)
Profit and Loss Account and Balance Sheet
Fixed asset register with purchase invoices
Stock/inventory valuation statement
GST returns and TDS challans for the year
FAQs
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Proprietorship ITR Filing – ₹1 Crore+ Turnover
₹11,999