Who called it July and not ITR filing month, right? Come this month, everyone from salaried individuals to small businesses starts calling their Chartered Accountants and friends to help file Income Tax Returns (ITR).

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.

ITR Filing

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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    Alish Gill
    Author Alish Gill

    Alish is a writer at RazorpayX. Zoophilist. Coffee Addict. And now a FinTech enthusiast. When not writing you'll find her learning French, taking a long walk (or run) with her dog, or Netflixing.

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