ITR – Proprietorship (Regular Books)

Review of financial statements or business income summary provided by the taxpayer.

Review of profit and loss summary and balance sheet prepared from the taxpayer’s books of accounts.

Verification of tax credit details from AIS / Form 26AS summary where applicable.

Computation of taxable income based on financial information provided.

Preparation of ITR-3 return including relevant business income schedules.

Computation of tax liability or refund based on the records provided.

Filing of income-tax return on the income-tax portal using authorized credentials / DSC.

Sharing return acknowledgement after successful filing.

Basic guidance regarding income-tax compliance requirements.