Business & Professional Plan (Audit)
About This Plan
Business & Professional Plan (Audit) is designed for Resident Individuals, HUFs, Partnership Firms (other than LLPs), and Companies whose income from business or profession requires a tax audit under the Income Tax Act. Unlike presumptive schemes under 44AD/44ADA/44AE, this plan caters to businesses and professionals whose income exceeds ₹50 lakh, profit ratios are below prescribed thresholds, or where audit requirements are otherwise mandatory.
This plan ensures accurate financial reporting, tax computation, and compliance with audit provisions, making it ideal for medium and growing businesses, practicing professionals, and firms subject to audit obligations.
📝 Applicable ITR Form
ITR-3 → For individuals/HUFs with income from business or profession requiring audit.
ITR-5 → For partnership firms (other than LLPs).
ITR-6 → For companies (other than those claiming exemption u/s 11).
⚠️ ITR-4 cannot be used for audit cases since it is only for presumptive taxation.
Choose Between:
Services Included
| Services Included | Regular Filing | Live Filing |
|---|---|---|
|
End-to-end ITR filing support for audited business/professional income |
✅ (via messages & on-call) |
✅ (via live video call with expert) |
|
Preparation & incorporation of Balance Sheet and Profit & Loss (P&L) |
✅ |
✅ |
|
Computation of tax liability across all income heads |
✅ |
✅ |
|
Handling of audit reporting (Form 3CA/3CB & 3CD) |
✅ |
✅ |
|
Incorporation of depreciation, deductions, and exemptions |
✅ |
✅ |
|
Validation of tax computation by senior tax experts |
✅ |
✅ |
|
Support in case of queries or notices related to filed return |
✅ |
✅ |
|
Priority support for faster resolution |
✅ |
✅ |
|
Personalized one-to-one filing session |
❌ |
✅ |
|
Real-time Q&A with expert while filing |
❌ |
✅ |
Who Should Buy This Plan?
This Business & Professional Plan (Audit) plan is ideal for:
- Businesses with turnover above ₹1 crore (or as per limits).
- Professionals with gross receipts above ₹50 lakh.
- Individuals/firms with profit below presumptive taxation threshold.
- Companies and firms required to get books audited.
- Taxpayers needing expert filing with Balance Sheet & P&L statement
- Anyone looking for a live, personalized session for clarity & confidence
Initial Documents Required 📑
Applicable Only If Opting for Old Tax Regime
- Form 12BB (deduction claim)
- LIC/PPF/ELSS/NPS proofs (80C, 80CCD)
- Health Insurance Premium Receipts (80D)
- Donation Receipts (80G)
Additional Documents (As Required, Based on Income)
- Loan documents (if applicable).
- Investment proofs for deductions (if under old regime).
- Depreciation schedule (for businesses owning assets).
Before Starting Filing (Mandatory)
- PAN Card (must match Aadhaar)
- Balance Sheet and Profit & Loss (P&L) Statement.
- Bank Statements of all business accounts.
- Books of accounts / ledgers (if maintained).
How It’s Done
Our process is 100% online, expert-driven, and hassle-free. Choose between Regular Filing or Live Filing based on your convenience.
Live Filing (One-to-One Session)
Plan purchased → Client receives a Google Meet link
TPO collects documents during the live session
TPO prepares and compiles return live on video call
Real-time review & clarification of computations
If tax is payable → Challan issued & client pays instantly
Return is filed during the session itself
Client receives ITR acknowledgement on the spot
Regular Filing (End-to-End Expert Assisted)
Plan purchased → TPO (Tax Preparation Officer) assigned
Client uploads documents via WhatsApp
TPO assesses documents & compiles tax details
If required, TPO requests additional documents
TPO prepares and shares computation sheet with client for review
If tax is payable → Challan issued, client makes payment
TPO files the return after confirmation
Client receives ITR acknowledgement
