Does ITR filing month sound dreadful to you?

From salaried individuals to founders, everyone starts calling their Chartered Accountants and friends to help file Income Tax Returns (ITR) during the filing period.

But what’s the whole confusion about?

Documents, documents and documents!

Hence, we prepared a comprehensive checklist of all the documents and information you need to take the ITR filing bull by the horns. So, bookmark this page or download the PDF version of the below documents checklist to file hassle-free ITR this year.


Documents required for ITR Filing

ITR Filing

ITR Filing Checklist for Businesses

ITR Filing

Hope this checklist helped you and provided an exhaustive list of documents and information required for filing ITR successfully for your business. Go ahead and share it with someone you think will benefit from this.

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Which ITR is filed for business income?

For income earned from business or profession, an individual must file ITR using either ITR-3 or ITR-4 as applicable. ITR 3 is applicable if you fall under this category - an individual or HUF (Hindu Undivided Family) engaged in any business or profession.

ITR 4 is applicable for you if you are a resident individual or HUF or a firm which is not LLP (Limited Liability Partnership) having a total income of up to Rs. 50 Lakhs.

What are the documents required for ITR filing for business?

GST no. if registered under GST, Profit and loss statement for the period of 1st April 2021 to 31st March 2022, Balance sheet as on March 31, 2022, Bank statements of the year, fixed asset addition, and fixed asset sale during the year, and more. Please read the above checklist in the blog for full documents list.

Do companies file ITR?

All companies in India need to file their income tax returns, whether they have undertaken business activities in that financial year or not. Partnership firms also must file a NIL income tax return before the ITR filing due date.

Companies that are dormant and have undertaken no business decisions in a year are still expected to file returns.

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    Aratrica Chakraborty
    Author Aratrica Chakraborty

    Content Marketer. Travel&Scuba enthusiast.Makes the best Vegan Coffee.

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