ITR Filing for Chartered Accountants
Practising CAs are notified professionals under Section 44AA and can opt for 44ADA presumptive taxation up to ₹75L. Partners in a CA firm receive remuneration and profit share taxable under ITR-3.
- Correct form: ITR-4 (44ADA) or ITR-3
- Regime: 44ADA to ₹75L; ITR-3 with tax audit above.
- Reconcile AIS + 26AS before filing to avoid 143(1)(a) intimations.
- Aadhaar OTP e-verification the same day.
- Free notice defence within 12 months of filing.
Definition
44ADA
Definition
44AD
Definition
Section 44AB
Typical income mix for chartered accountants
- Attestation & audit fees
- Advisory / tax planning fees
- Partner remuneration + profit share
- Interest on partner capital
- Rental income from office premises
Deductions available
- Section 80C — LIC / PPF (₹1.5L)
- Section 80D — health insurance (₹75k)
- Section 80CCD(1B) — NPS ₹50k
- Section 80G — professional donations
- Actual firm expenses (ITR-3)
Documents required
- Firm P&L and balance sheet
- Partner remuneration certificate
- Client-wise 194J TDS certificates
- Bank statements
- GST returns
- ICAI membership fee receipts
Common mistakes to avoid
- Claiming 44ADA on partner remuneration (only firm income qualifies)
- Missing ICAI CPE fees under professional expenses
- Not reconciling 194J TDS from clients
- Ignoring Section 40(b) limits on partner remuneration
- Skipping GST turnover match with ITR-4 gross receipts
Worked example
A Delhi practising CA with ₹52L attestation receipts files ITR-4 (44ADA) declaring ₹26L profit — no tax audit and 3-day filing turnaround.
Chartered Accountants — filing snapshot
| Item | Detail |
|---|---|
| Recommended form | ITR-4 (44ADA) or ITR-3 |
| Regime guidance | 44ADA to ₹75L; ITR-3 with tax audit above. |
| Presumptive available | Yes |
| Audit trigger | Above threshold or below deemed profit |
| Taxpex turnaround | 24–72 hours |
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Frequently asked questions
Frequently asked questions
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Related tools, guides & services
Related reading
- Which ITR Form Should You File in 2025? Complete Guide (ITR-1 to ITR-4)
- ITR-1, ITR-2, ITR-3, ITR-4 — Which Form Do You Actually Need to File?
- Which ITR Form Should You File in 2026? (ITR-1 to ITR-7 Explained)
- Documents Required for ITR Filing 2026 — The Complete Checklist
- ITR Filing Last Date FY 2024-25 (AY 2025-26) — Complete Guide
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