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ITR-3 From Filing

ITR-3 Form Filing – Income Tax Return

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 Form Filing

ITR-3 form can be used for filing income tax return of individuals and HUFs who have income from proprietorship business or profession. File or download ITR-3 return on .Manager Rs 8500


Eligibility

ITR-3 return is filed by persons running a proprietorship business or having professional income. Tax audit may be required for ITR-3 filing.

Penalty

The penalty for late filing income tax return is Rs.5000 – if filed before 31st December and Rs.10,000 – if filed before 31st March.

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