Tax & Compliance for Professionals & Consultants Mumbai

Professional Solutions

Compliance Solutions for Professionals & Consultants

Doctors, lawyers, chartered accountants, architects, engineers, consultants, and freelancers have unique tax and compliance needs. From professional tax registration to GST filing for services, ITR with business income, and TDS compliance — UV Ledger provides affordable and reliable compliance support for professionals in Mumbai.

Professional Tax Registration

Professional tax registration for self-employed professionals and businesses with employees. Monthly/annual professional tax payment and compliance.

GST Registration & Filing

GST registration for service providers (turnover above ₹20L). Monthly GSTR-1, GSTR-3B filing. Correct SAC code mapping for professional services.

ITR Filing (ITR-3 / ITR-4)

ITR filing for professionals with business/professional income. ITR-3 for detailed books or ITR-4 for presumptive income under Section 44ADA. Maximum deductions.

TDS Return Filing

TDS on salary, rent, professional fees, and contractor payments. Quarterly return filing (26Q/24Q), Form 16/16A generation.

Accounting & Bookkeeping

Professional bookkeeping, expense tracking, bank reconciliation, P&L statements, and balance sheet preparation for professional practices.

Tax Planning & Advisory

Strategic tax planning to minimize tax liability. Section 44ADA presumptive scheme guidance, investment planning, and deduction optimization.

Professions

Professionals We Serve

Doctors & Surgeons

Lawyers & Advocates

Chartered Accountants

Architects & Engineers

Management Consultants

IT Freelancers

Interior Designers

Physiotherapists

Counselors & Therapists

Real Estate Agents

ITR Guide

Which ITR Form for Professionals?

ITR-1 (Sahaj)

Salaried professionals with income up to ₹50L

For professionals who are primarily salaried and have income from salary, one house property, and other sources up to ₹50 Lakh.

ITR-2

Professionals with capital gains or multiple properties

For professionals with capital gains, multiple house properties, foreign income, or agricultural income above ₹5,000.

ITR-3

Professionals with detailed books of accounts

For professionals maintaining proper books of accounts. Required if audit under Section 44AB is applicable.

ITR-4 (Sugam)

Presumptive income under Section 44ADA

For professionals with gross receipts up to ₹50L opting for presumptive taxation. No need to maintain detailed books. 50% of gross receipts treated as profit.

FAQs

Frequently Asked Questions

Do freelancers need GST registration? ▼

Mandatory if annual turnover exceeds ₹20L. Below ₹20L, voluntary registration is recommended if B2B clients require GSTIN on invoices. For export of services, registration is recommended for LUT filing.

What is Section 44ADA presumptive scheme? ▼

Under 44ADA, professionals with gross receipts up to ₹50L can declare 50% of gross receipts as taxable income. No need to maintain detailed books or get audit done. Simplifies compliance significantly.

Is professional tax mandatory for self-employed? ▼

Yes. In Maharashtra, professionals earning above ₹75,000/year must pay professional tax. Rate: ₹200/month (₹2,400/year). Employer deducts from salary if employed.

Can I claim home office expenses in ITR? ▼

Yes, if you work from home as a professional. You can claim proportionate rent, electricity, internet, and depreciation on furniture used for business purpose. Maintain proper records.

Do I need to file ITR if income is below ₹2.5L? ▼

Filing is not mandatory if total income is below ₹2.5L. However, it is recommended if you want to claim TDS refund, carry forward losses, or maintain financial records for loans.

What is the GST rate for professional services? ▼

Most professional services attract 18% GST. Some services like healthcare (clinical) are exempt. Architecture and interior design services attract 18%. Legal services attract 18%.

Tax & Compliance Services for Professionals in Mumbai