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Choosing between ITR-3 and ITR-4 can directly impact your tax savings, compliance, and filing ease. This guide by JS Financial Services explains the key differences, eligibility, and benefits of each form, helping you make the right choice for AY 2025u201326. Simplify tax filing and maximize savings with expert guidance.
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MAXIMIZE TAX SAVINGS WITH THE RIGHT ITR FORM – ITR-3 OR ITR-4? JS FINANCIAL SERVICES 📞 +91 73400 02251 | 🌐 www.jsfinancials.in | ✉ info@jsfinancials.in
WHY CHOOSING THE RIGHT ITR MATTERS • Filing the wrong form may lead to penalties & notices • Impacts tax savings & compliance • Correct ITR ensures smooth processing & refunds
WHAT IS ITR-3? • For Individuals & HUFs with: • Proprietorship business (non-presumptive) • Professionals (Doctors, CAs, Lawyers, Consultants, etc.) • Multiple income sources (Salary + Business + Capital Gains) • Requires Books of Accounts & Audit (if applicable)
WHAT IS ITR-4 (SUGAM)? For Resident Individuals, HUFs & Firms (except LLPs) under Presumptive Taxation Eligibility: • Business turnover ≤ ₹2 crore (Sec 44AD) • Professional receipts ≤ ₹75 lakh (Sec 44ADA) • Income ≤ ₹50 lakh Simpler filing, no books required
ITR-3 VS ITR-4 (KEY DIFFERENCES) • ITR-3: Detailed compliance, multiple income heads, books mandatory • ITR-4: Easy compliance, presumptive income, no books required 👉 Tax Savings Tip: ITR-3 allows claiming actual expenses, while ITR-4 offers fixed % income taxation.
WHICH ONE SHOULD YOU CHOOSE? • ✅ File ITR-4 if: • Small business/professional under presumptive scheme • Income ≤ ₹50 lakh • Want easy compliance • ✅ File ITR-3 if: • Higher turnover / multiple income sources • Claiming deductions beyond presumptive scheme • Capital gains, foreign income, multiple houses
HOW JS FINANCIAL SERVICES HELPS YOU • Select the correct ITR form (ITR-3 or ITR-4) • Ensure error-free filing & compliance • Offer tax-saving strategies customized for your business • Provide audit & advisory support • Support for NRIs & businesses across India
CALL TO ACTION +91 73400 02251 WWW.JSFINANCIALS.IN INFO@JSFINANCIALS.IN
THANK YOU • 7340002251 • www.jsfinancials.in