diff --git a/india_compliance/income_tax_india/financial_report_template/__init__.py b/india_compliance/income_tax_india/financial_report_template/__init__.py
new file mode 100644
index 0000000000..c4fea77503
--- /dev/null
+++ b/india_compliance/income_tax_india/financial_report_template/__init__.py
@@ -0,0 +1,2 @@
+# Copyright (c) 2026, Resilient Tech and contributors
+# For license information, please see license.txt
diff --git a/india_compliance/income_tax_india/financial_report_template/standard_balance_sheet_(schedule_iii)/__init__.py b/india_compliance/income_tax_india/financial_report_template/standard_balance_sheet_(schedule_iii)/__init__.py
new file mode 100644
index 0000000000..c4fea77503
--- /dev/null
+++ b/india_compliance/income_tax_india/financial_report_template/standard_balance_sheet_(schedule_iii)/__init__.py
@@ -0,0 +1,2 @@
+# Copyright (c) 2026, Resilient Tech and contributors
+# For license information, please see license.txt
diff --git a/india_compliance/income_tax_india/financial_report_template/standard_balance_sheet_(schedule_iii)/standard_balance_sheet_(schedule_iii).json b/india_compliance/income_tax_india/financial_report_template/standard_balance_sheet_(schedule_iii)/standard_balance_sheet_(schedule_iii).json
new file mode 100644
index 0000000000..62cd6dfdc6
--- /dev/null
+++ b/india_compliance/income_tax_india/financial_report_template/standard_balance_sheet_(schedule_iii)/standard_balance_sheet_(schedule_iii).json
@@ -0,0 +1,685 @@
+{
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+ "disabled": 0,
+ "docstatus": 0,
+ "doctype": "Financial Report Template",
+ "idx": 0,
+ "modified": "2026-02-23 00:19:01.673550",
+ "modified_by": "Administrator",
+ "module": "Income Tax India",
+ "name": "Standard Balance Sheet (Schedule III)",
+ "owner": "Administrator",
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+   "italic_text": 0,
+   "reference_code": "CA_LOANS_ADV",
+   "reverse_sign": 0
+  },
+  {
+   "advanced_filtering": 0,
+   "balance_type": "Closing Balance",
+   "bold_text": 0,
+   "calculation_formula": "[\"account_category\", \"=\", \"Other Current Assets\"]",
+   "data_source": "Account Data",
+   "display_name": "f. Other Current Assets",
+   "fieldtype": "",
+   "hidden_calculation": 0,
+   "hide_when_empty": 0,
+   "include_in_charts": 0,
+   "indentation_level": 1,
+   "italic_text": 0,
+   "reference_code": "CA_OTHER",
+   "reverse_sign": 0
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+   "bold_text": 0,
+   "data_source": "Blank Line",
+   "fieldtype": "",
+   "hidden_calculation": 0,
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+  },
+  {
+   "advanced_filtering": 0,
+   "balance_type": "",
+   "bold_text": 1,
+   "calculation_formula": "NCA_TOTAL + CA_TOTAL",
+   "data_source": "Calculated Amount",
+   "display_name": "Total for ASSETS",
+   "fieldtype": "",
+   "hidden_calculation": 0,
+   "hide_when_empty": 0,
+   "include_in_charts": 1,
+   "indentation_level": 0,
+   "italic_text": 0,
+   "reference_code": "TOTAL_ASSETS",
+   "reverse_sign": 0
+  },
+  {
+   "advanced_filtering": 0,
+   "balance_type": "",
+   "bold_text": 1,
+   "calculation_formula": "TOTAL_ASSETS - TOTAL_EQUITY_LIAB",
+   "color": "#CB2929",
+   "data_source": "Calculated Amount",
+   "display_name": "Balance Check (should be zero)",
+   "fieldtype": "",
+   "hidden_calculation": 0,
+   "hide_when_empty": 1,
+   "include_in_charts": 0,
+   "indentation_level": 0,
+   "italic_text": 0,
+   "reference_code": "BALANCE_CHECK",
+   "reverse_sign": 0
+  }
+ ],
+ "template_name": "Standard Balance Sheet (Schedule III)"
+}
diff --git a/india_compliance/income_tax_india/financial_report_template/standard_profit_and_loss_(schedule_iii)/__init__.py b/india_compliance/income_tax_india/financial_report_template/standard_profit_and_loss_(schedule_iii)/__init__.py
new file mode 100644
index 0000000000..c4fea77503
--- /dev/null
+++ b/india_compliance/income_tax_india/financial_report_template/standard_profit_and_loss_(schedule_iii)/__init__.py
@@ -0,0 +1,2 @@
+# Copyright (c) 2026, Resilient Tech and contributors
+# For license information, please see license.txt
diff --git a/india_compliance/income_tax_india/financial_report_template/standard_profit_and_loss_(schedule_iii)/standard_profit_and_loss_(schedule_iii).json b/india_compliance/income_tax_india/financial_report_template/standard_profit_and_loss_(schedule_iii)/standard_profit_and_loss_(schedule_iii).json
new file mode 100644
index 0000000000..4aba4cdecd
--- /dev/null
+++ b/india_compliance/income_tax_india/financial_report_template/standard_profit_and_loss_(schedule_iii)/standard_profit_and_loss_(schedule_iii).json
@@ -0,0 +1,539 @@
+{
+ "creation": "2026-02-23 00:54:21.205967",
+ "disabled": 0,
+ "docstatus": 0,
+ "doctype": "Financial Report Template",
+ "idx": 0,
+ "modified": "2026-02-23 00:56:17.006324",
+ "modified_by": "Administrator",
+ "module": "Income Tax India",
+ "name": "Standard Profit and Loss (Schedule III)",
+ "owner": "Administrator",
+ "report_type": "Profit and Loss Statement",
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+  {
+   "advanced_filtering": 0,
+   "balance_type": "",
+   "bold_text": 0,
+   "calculation_formula": "(PROFIT_FOR_PERIOD / TOTAL_REVENUE) * 100 if TOTAL_REVENUE != 0 else 0",
+   "data_source": "Calculated Amount",
+   "display_name": "Net Profit Margin %",
+   "fieldtype": "Percent",
+   "hidden_calculation": 0,
+   "hide_when_empty": 0,
+   "include_in_charts": 0,
+   "indentation_level": 0,
+   "italic_text": 1,
+   "reference_code": "NP_MARGIN",
+   "reverse_sign": 0
+  }
+ ],
+ "template_name": "Standard Profit and Loss (Schedule III)"
+}
diff --git a/india_compliance/patches.txt b/india_compliance/patches.txt
index 1f92e2b7b5..59e57a6bd0 100644
--- a/india_compliance/patches.txt
+++ b/india_compliance/patches.txt
@@ -78,4 +78,5 @@ india_compliance.patches.v16.remove_legacy_report_fixtures
 india_compliance.patches.v15.unset_auth_token
 india_compliance.patches.v15.update_itc_claim_period
 india_compliance.patches.v15.migrate_logo_for_printing
-execute:from india_compliance.audit_trail.setup import create_custom_fields; create_custom_fields()
\ No newline at end of file
+execute:from india_compliance.audit_trail.setup import create_custom_fields; create_custom_fields()
+india_compliance.patches.v16.sync_financial_report_templates
diff --git a/india_compliance/patches/v16/sync_financial_report_templates.py b/india_compliance/patches/v16/sync_financial_report_templates.py
new file mode 100644
index 0000000000..478640015a
--- /dev/null
+++ b/india_compliance/patches/v16/sync_financial_report_templates.py
@@ -0,0 +1,13 @@
+# Copyright (c) 2026, Frappe Technologies Pvt. Ltd. and contributors
+# For license information, please see license.txt
+
+
+from erpnext.accounts.doctype.financial_report_template.financial_report_template import (
+    _sync_templates_for as sync_financial_report_templates,
+)
+
+from india_compliance.hooks import app_name
+
+
+def execute():
+    sync_financial_report_templates(app_name)