ITR 3 Filing: Mandatory for Business having Capital Gain Income

Income Tax Return – ITR 3 Filing for AY 2024-25 has been started. The last date to file Income Tax Return (ITR) for FY 2023-24 (AY 2024-25) without a late fee is 31st July 2024.  Check your ellgibility and apply for ITR 3 filing before due date in order to avoid late fee. Contact us Today

Pricing Summary

for AY 2024-25
  • Computation
  • ITR acknowledgment
  • Filed ITR form

Income Tax Return - itr 3 filing

Are you struggling with filing your Income Tax Return using the itr 3 form? Don’t worry, as I am here to guide you through the process step by step. In this article, we will explore everything you need to know about itr 3 filing, including its significance, eligibility criteria, and key steps to complete the process smoothly.

What is ITR 3?

For individuals and HUFs with income from business or profession, itr 3 is the form that needs to be filed. It is important to note that itr 3 is not applicable for individuals who earn income through salary or pension. This form is specifically designed for taxpayers who have income from a business or profession and need to report their earnings accurately to the Income Tax Department.

Eligibility criteria for itr 3 filing

To file itr 3, you need to meet certain criteria. Here are the key eligibility requirements:

  • Income from business or profession: You must have income from a business or profession to be eligible for itr 3 filing.
  • Mandate to maintain regular books of account: Taxpayers who are required to maintain regular books of account as per the Income Tax Act need to file itr 3.
  • Presumptive taxation scheme: Individuals opting for the presumptive taxation scheme under sections 44AD, 44ADA, or 44AE are also eligible to file itr 3.

ITR 3 Filing Fees

ITR- 3 Filing with Computation


  • Computation
  • ITR 3 Form
  • ITR 3 acknowledgment

ITR-2 Filing with UDIN


  • Basic Package +
  • Balance sheet and Profit and Loss account
  • CA Attestion with UDIN

Key steps to file itr 3

Now that you meet the eligibility criteria, let’s walk through the key steps to file itr 3:

  1. Gather all necessary documents: Before you begin the filing process, make sure you have all the required documents handy, including bank statements, balance sheets, profit and loss statements, and any other relevant financial records.
  2. Log in to the Income Tax e-filing portal: Visit the official Income Tax e-filing portal and log in using your credentials. Select the relevant assessment year and form itr 3 for filing your tax return.
  3. Fill in the details: Enter all the required information accurately in the itr 3 form, including your personal details, income from business or profession, deductions claimed, and tax payments made.
  4. Verify and submit the form: Once you have filled in all the necessary details, review the form carefully to ensure accuracy. Verify the form using your digital signature or EVC (Electronic Verification Code) and submit it online.
  5. Acknowledgment receipt: After successfully filing itr 3, you will receive an acknowledgment receipt confirming the submission of your tax return. Keep this receipt safely for future reference.

Benefits of filing ITR 3

Filing itr 3 offers several benefits, including:

  • Compliance with tax regulations: By filing your itr 3 accurately and on time, you ensure compliance with the tax laws and avoid any penalties or legal implications.
  • Claiming deductions: itr 3 allows you to claim deductions for expenses related to your business or profession, reducing your taxable income and overall tax liability.
  • Enhanced financial visibility: By maintaining accurate financial records and filing itr 3, you gain better insight into your business or professional income, enabling you to make informed financial decisions.

Income Tax Return Filing for AY 2024-25

Ready to tackle your ITR 3 filing? Let's get started on maximizing your tax savings and ensuring compliance with the law!

Call: +91 9818209246