ITR-3 Return Filing
File your ITR-3 with Easy My Tax – hassle-free, accurate, and timely tax filing for individuals and HUFs with business or professional income. Get expert help, secure processing, and end-to-end support.
Expert Assistance for ITR-3 Form Filing with Easy My Tax
At Easy My Tax, we are your reliable partner in simplifying the ITR-3 return filing process—making it easy, accurate, and stress-free. As a leading platform for tax and compliance solutions, we understand that navigating the complexities of income tax returns can be overwhelming. Whether you're an individual with income from a business or a Hindu Undivided Family (HUF) looking to fulfill your tax obligations, our expert team is here to guide you every step of the way.
What is the ITR-3 Form?
The ITR-3 Form is essential for taxpayers who earn income from a business or a profession. It helps the Income Tax Department collect detailed financial information to ensure proper tax compliance. Filing this form correctly is crucial for avoiding penalties and staying legally compliant.
Who Should File the ITR-3 Form?
The ITR-3 Form is applicable for individuals or HUFs who meet any of the following conditions:
- Directorship: Taxpayer is a director in a company or is actively engaged in a business.
- Residential Status: Applicable to both residents and non-residents of India.
- Pension Income: Taxpayer is receiving a pension.
- House Property Income: Taxpayer earns income from one or more house properties.
- Investments in Unlisted Equity Shares: Taxpayer has such investments.
- Profits and Gains from Business or Profession: Includes income like salary, commission, interest, bonus, or remuneration from a proprietary business or profession.
Additionally, ITR-3 can be used if total income includes:
- Income from single or multiple house properties
- Winnings from lotteries, race betting, and other legal forms of gambling
- Short-term or long-term capital gains
- Income from a business or profession under a proprietorship
- Foreign income or income from foreign assets
Meeting these conditions qualifies you to use the ITR-3 Form for filing your return.
Who Cannot File ITR-3?
You are not eligible to file ITR-3 if:
- You are an individual or HUF earning income as a partner in a partnership firm engaged in business or profession.
- In such cases, ITR-2 should be used instead.
Due Dates for Filing ITR-3
Due dates vary based on audit status:
- Non-Audit Cases:
- July 31, 2023 (Assessment Year 2023-24)
- Audit Cases:
- October 31, 2023 (Assessment Year 2023-24)
These deadlines are subject to change. Stay updated for any extensions announced by the Income Tax Department.
Late Filing Penalties for ITR-3
Penalties for missing the due date include:
- Filed after due date but before Dec 31: ₹5,000
- Filed after Dec 31: ₹10,000
Exception: If total income is below ₹5 lakh, the penalty is capped at ₹1,000.
Timely filing is essential to avoid fines and legal repercussions.
Documents Required for ITR-3 Filing
To file your return through Easy My Tax, you’ll need:
- PAN Card
- Aadhaar Card
- Bank account details (Account number + IFSC code)
- Form 16 (if salaried)
- Investment details
- Books of Accounts (for business or professional income)
Having these documents ready streamlines the entire filing process.
Sections of the ITR-3 Form
The ITR-3 Form consists of six key sections:
- General Information
- Personal details, assessment year, type of return (original/revised).
- Income Details
- Income from salaries, pensions, capital gains, business, or profession.
- Deductions & Taxes Paid
- Claim deductions (under 80C, 80D, etc.) and disclose taxes paid (advance/self-assessment).
- TDS/TCS Credit
- Provide details of tax deducted or collected at source.
- Verification & Declaration
- Digitally sign or physically verify your return and declare that the information provided is accurate.
- Other Disclosures
- Include foreign assets, exempt income, and additional required disclosures.
Why Choose Easy My Tax for ITR-3 Filing?
Easy My Tax offers end-to-end ITR-3 filing solutions backed by expert tax consultants. Here’s why we’re the preferred choice:
- Expertise You Can Trust: Tax professionals with deep knowledge of ITR-3 filing norms.
- 100% Accuracy: Your return is reviewed to ensure it's error-free.
- Deadline Alerts: Never miss a due date with automated reminders.
- Document Handling: We manage your paperwork securely and efficiently.
- Secure Filing: All filings are done through encrypted and compliant systems.
- Post-Filing Support: We help with notices, updates, and refund tracking.
How Easy My Tax Simplifies Your ITR-3 Filing
Here’s what our ITR-3 filing service includes:
- Step-by-step expert assistance
- Easy-to-use digital platform
- Efficient document management
- Help in deduction optimization
- ITR-3 eligibility check and guidance
- E-filing & verification
- Timely updates and alerts
- End-to-end customer support
Let Easy My Tax Handle Your ITR-3 Filing
Filing your ITR-3 form doesn’t need to be stressful. Let Easy My Tax take care of it with precision and professionalism. Whether you're a business owner, freelancer, or professional, we ensure timely filing, compliance, and peace of mind.
Contact us today to get started and experience smooth, expert-driven ITR-3 filing.
