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ITR-3 FILLING

About ITR-3 Filing
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.

Who is eligible to ITR-3
An individual or a Hindu Undivided Family who is having income under the head  profits or gains of business or profession are eligible to file this form.
 
ITR-3 form can be filed under three methods:
Filing ITR-3 form using digital signature certificate.
Transmitting the data in ITR-3 form electronically under electronic verification code.
By transmitting the data in ITR-3 form electronically and then mailing (By post) the return in Return Form ITR-V to the Income Tax Office.

FAQ's on ITR-3 Filing

It is not compulsory to prepare and submit full balance sheet in ITR-3.

ITR-3 is also required to be filed by a person whose income is chargeable to tax under “profits and gains of business or profession” in the nature of interest, salary, bonus, commission or remuneration. Form ITR 3 can't be used by any person other than an individual or a HUF.

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