Who Should File ITR-3?
Individuals and Hindu Undivided Families (HUFs) with:
Income from business or profession (proprietorship, freelancing, consultancy, etc.)
Income from salary/pension, house property, capital gains, and other sources
Not eligible to file ITR-1, ITR-2, or ITR-4 (i.e., not under presumptive taxation and not a partner in a firm)
Not eligible:
Individuals who are partners in a firm
Those with income under presumptive taxation
Non-residents, RNORs, or those with income above ₹50 lakh from sources not allowed in ITR-3
Required Documents for ITR-3 Filing
| Document Type | Details/Description |
|---|---|
| PAN Card | Self-attested copy |
| Aadhaar Card | Self-attested copy |
| Bank Account Details | Passbook or statement for all accounts |
| Form 16/16A | TDS certificates from employer/bank (if applicable) |
| Business/Professional Details | Turnover, gross receipts, profit & loss account, balance sheet |
| Investment Proofs | For deductions under Section 80C, 80D, etc. |
| Home Loan/Interest Certificates | If claiming deductions for home loan interest |
| Rent Receipts | If claiming HRA |
| Advance Tax/Challan Details | Proof of advance tax or self-assessment tax paid |
| Previous Year’s ITR | For reference and carry-forward of losses, if any |
| Other Income Proofs | Interest certificates, dividend statements, etc. |
| Digital Signature (if applicable) | For audit cases or if opting for DSC-based filing |
| Form 26AS & AIS | Tax credit statement and Annual Information Statement |
| Books of Accounts | Ledger, cash book, purchase/sales register, expense bills (for business/profession) |
ITR-3 Filing Online: Step-by-Step Process
1. Collect and Organize Documents
Gather all required documents and proofs before starting the filing process.
2. Login to the Income Tax Portal
Use your PAN and password to log in. Register if you are a new user.
3. Select the Assessment Year and ITR-3 Form
Choose the correct assessment year (e.g., AY 2025-26 for FY 2024-25). Select ITR-3 as the return type.
4. Fill in Personal and Income Details
Enter personal information (auto-filled from profile; update if needed). Provide details of business/profession, salary, house property, capital gains, and other income. Declare all business/professional income, assets, and liabilities.
5. Claim Deductions and Compute Tax
Enter eligible deductions (Sections 80C, 80D, etc.). Compute total tax liability and check for any tax payable or refund due.
6. Validate and Preview Return
Review all entries for accuracy. Preview the return before submission.
7. Submit and E-Verify
Submit the return online. E-verify using Aadhaar OTP, EVC (Electronic Verification Code), net banking, or by sending a signed ITR-V to CPC. E-verification is mandatory to complete the filing process.
ITR-3 Filing Compliance Checklist
| Step/Requirement | Description |
|---|---|
| Eligibility Check | Confirm you meet all ITR-3 eligibility criteria |
| Document Collection | Gather all required documents and proofs |
| Bank Account Pre-validation | Ensure at least one bank account is pre-validated for refunds |
| PAN-Aadhaar Linking | PAN must be linked with Aadhaar |
| Income and Deduction Details | Enter all sources of income and eligible deductions |
| Tax Payment Verification | Confirm all advance/self-assessment tax payments are reflected |
| Books of Accounts | Maintain and update as per business/profession requirements |
| Audit Report (if applicable) | Upload audit report if turnover exceeds prescribed limits |
| E-Verification | Complete e-verification within 120 days of filing |
| Deadline Compliance | File before the due date to avoid penalties |
Frequently Asked Questions (FAQs)
Who is eligible to file ITR-3?
Individuals and HUFs with income from business or profession, along with other sources like salary, house property, and capital gains, can file ITR-3. Not for partners in a firm or those under presumptive taxation.
What are the key documents required for ITR-3 filing?
PAN, Aadhaar, bank statements, TDS certificates, business/professional details, investment proofs, Form 26AS, AIS, and books of accounts.
What is the due date for ITR-3 filing?
Generally, July 31st of the assessment year for non-audit cases, and October 31st for audit cases, unless extended by the government.
How do I e-verify my ITR-3?
You can e-verify using Aadhaar OTP, EVC, net banking, or by sending a signed ITR-V to the CPC. E-verification is mandatory to complete the process.
What happens if I miss the filing deadline?
Late filing attracts a penalty and may result in loss of certain benefits like carry-forward of losses and interest on refunds.
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