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Mohanraj J   26 May 2021

ITR Form & Filing Requirements for Propreitorship Firm

Dear Friends,
Which ITR form we need to select for Propreitorship firm? Let me know the requirements for filing the same

 8 Replies


Sourav (Student)     26 May 2021

It should be ITR 3
1 Like
Sivaramaraju G

Sivaramaraju G (Learner)     26 May 2021

If proprietor is into business then ITR 3.

Your have to maintain books for business if your turnover exceeds 10L or total income exceeds 2.5L

PAN and Aadhaar are basic requirements.

vouchers/bills related to business
bank statements relating to business.
GST returns filed if GST applicable.

other supporting documents for claiming deduction like LIC, Medical insurance, children's school fee etc...
1 Like
veerendar singh

veerendar singh (tax consultant)     26 May 2021

Itr 3.
if its a small business then itr 4 may apply.
1 Like
Mohanraj J

Mohanraj J   27 May 2021

Thank you so much for all
veerendar singh

veerendar singh (tax consultant)     27 May 2021

You are welcome mohan
CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     11 July 2021

Depends on your business but advisable to file ITR-4 (if no capital gain income)

1 Like
Mohanraj J

Mohanraj J   11 August 2021

Dear Friends, I registered in IT eportal as an Individual.
Name As Per PAN : RAJ
Trade Name As Per GST : RAJ TRADERS
I am not able to select ITR FORM 3.
Anyone can help me accordingly
CA Rashmi Gandhi

CA Rashmi Gandhi (Chartered Accountant)     21 August 2021

Selection of ITR-3 is based on Source of Income not as per Name. So find the error.

1 Like

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