ITR-3
ITR-3
(Individuals or HUF having Income from Business/Profession Books Maintained)
ITR-3 is an income tax return form filed by individuals and HUFs with income from business or profession. It applies to partners in a firm, proprietary business owners, those with presumptive income, and those with multiple businesses or regulated professions.
Required Documents:
- Bank Statements: Copies of bank statements for all savings and current accounts held during the financial year.
- Aadhaar Card: The unique identification number issued by the Indian government is required for identity verification.
- PAN Card: The Permanent Account Number (PAN) card is necessary for tax-related transactions and identification purposes.
- TDS Certificates: If you have earned interest income or received any income where tax has been deducted at source, you will need TDS certificates.
- Business or Profession Details: Provide details of your business or profession. GST turnover details are also required.
- Partnership Details: If you are a partner in a firm, provide partnership details and the profit-sharing ratio.
- Capital Gains: If you have earned capital gains from the sale of assets like stocks, real estate, or other investments, provide the details of the transactions.
- Other Income Documents: Include any additional income documents related to business or profession, such as rental income, interest income, or income from other sources.