ITR 3 Income Tax Return Explained
ITR 3 Income Tax Return form is for Individuals and Hindu Undivided Families which have income from business and profession. ITR 3 also supports income from other heads of income such as Salary/pension, House Property, Other Sources and Income from Capital Gains unlike ITR 2. This is an exhaustive form and covers individuals who are residents, nonresidents or not ordinary residents.
Who should be filing ITR 3 ?
An Individual or a HUF having income from the following heads of income can file their income tax return using this form: