The ITR-3 Form applies particularly to those Individuals and Hindu Undivided Families who have income from carrying on a profession or from Proprietary business. If an Individual/HUF is having income as a partner of a partnership firm that is carrying out business/profession, he cannot file ITR-3. In such case, he is required to file ITR 2.
ITR-3 must be filed by individuals and HUFs who have income from carrying on a profession or from Proprietary business.
If an Individual/HUF is having income as a partner of a partnership firm that is carrying out business/profession, he cannot file ITR-3. In such case, he is required to file ITR 2.
ITR-3 form is to be used when the assessee has income that falls into the below category :
Due date for filing income tax return is 31st July for Individuals and 30th September for Businesses.
