ITR-3 form

Hello, in this post we will look into ITR-3 form. We will cover the following:

The last date of income tax return filing for FY 2019-20 (AY 2020-21) is extended to 10th January 2021. For audit cases, the last due date is 15th February 2021.

ITR-3 form - Meaning, eligibility, due date and general instructionsWhat is ITR-3 Form?

ITR-3 form applies to individuals and HUFs who have income from profits and gains from Proprietary business or profession.

Eligibility for filing ITR-3

The persons having income from the following sources are eligible to file ITR 3 :

  • Carrying on a business or profession
  • The return may include income from House property, Salary / Pension, and Income from other sources

The due date for ITR 3 filing

  • In the case of individuals and HUFs who have salary income, House property, Capital gains, and business, and not in partnership business and/or eligible for filing ITR4 the due date is 31st July every year.
  • For Audit cases, it is 30 September every year
  • For transfer pricing, it is 30th November every year.

How to Fill ITR 3 and general instructions

  • If any schedule is not applicable score across as “—NA—“.
  • If any item is not applicable, write “NA” against that item.
  • Write “Nil” to denote nil figures.
  • Except as provided in the form, for a negative figure / figure of loss, write “-” before such figures.
  • All figures should be rounded off to the nearest 1 rupee. However, the figures for total income / loss and tax payable be finally rounded off to the nearest multiple of 10 rupees.

The sequence for filling out parts and schedules

  • Part A- General on page 1
  • Schedules
  • Part B-TI and Part B-TTI
  • Verification

Download the ITR-3 Form


This ends the post on ITR 3 form. If you have any questions kindly comment below.