ITR-3 Return

Any individuals or hindu undivided family(hufs) who involved in any business of proprietorship or involved in rendering any professional services having any  taxable income chargeable under one of the five head of income which is  “profits or gains of a business or profession”  used income tax return form itr-3 for filing their income tax return to income tax department to tell them about their income statement during any financial year.

The income which we can treat as chargeable to tax under profits or gains of a business or profession are as follows:-

1. Interest
2. Salary
3. Bonus
4. Commission
5. Remuneration

In case any individual or hufs are involved in any partnership firm as a partner and earned some income they can’t use this form itr-3 for filing their income tax return then they have to use form itr-2 to file their income tax return.

Due date for filing the form itr-3 are as follows:-

• In case of individuals:- 31^st
• In case of businesses:- 30^th