ITR-3 RETURN FILING
33751 Customers ⭐⭐⭐⭐⭐
| Basic | Advance |
|---|---|
| ✔ ITR with Computation | ✔ ITR with Computation |
| ✔ Financials with CA sign | |
| ✔ Professional Consultancy |
ITR-3 Return Filing in India
Simplify Your ITR-3 Filing with Bharat Filing Point
Filing your ITR-3 can be a daunting task, but with Bharat Filing Point, the process is straightforward, accurate, and hassle-free. Whether you’re a business owner or part of a Hindu Undivided Family (HUF), we’ve got you covered.
What is ITR-3?
The ITR-3 form is essential for taxpayers earning income from a business or profession. It allows the Income Tax Department to collect comprehensive financial information, ensuring tax compliance.
Who Should File ITR-3?
The ITR-3 form applies to individuals or HUFs who meet the following criteria:
- Directorship: You are a director in a company or engaged in a business.
- Residential Status: Whether you are a resident or a non-resident of India.
- Pension Income: You are receiving pension income.
- House Property Income: You are earning income from house property.
- Investments in Unlisted Equity Shares: You have investments in unlisted equity shares.
- Income Under “Profits and Gains of Business or Profession”: This includes income elements like salary, interest, commission, bonus, or remuneration.
Additionally, you can use the ITR-3 form if your total income includes:
- Income from a single house property or multiple house properties.
- Income from activities like lotteries, betting on races, and other forms of gambling.
- Income from short-term or long-term capital gains.
- Income earned from a business or profession conducted under an ownership firm owned by an individual or HUF.
- Income earned from foreign assets.
Who Should Not File ITR-3?
Individuals or HUFs earning income as a partner in a partnership firm engaged in a business or profession are not eligible to file ITR-3. Instead, they should file ITR-2.
Due Date for Filing ITR-3
The due date for filing the ITR-3 form varies depending on whether it is an audit case or a non-audit case:
- Non-Audit Cases: July 31, 2025
- Audit Cases: October 31, 2024
These dates are subject to change by the income tax authorities, so it’s crucial to stay updated with any changes or extensions.
Late Filing Penalties for ITR-3
Penalties for late filing in India are as follows:
- Filing after the due date but before December 31 of the assessment year incurs a fee of ₹5,000.
- Filing after December 31 of the assessment year incurs a fee of ₹10,000.
If your total income is less than ₹5 lakh, the maximum late filing fee is capped at ₹1,000.
Documents Required for ITR-3 Filing
To file your ITR-3 on Bharat Filing Point, you’ll need:
- PAN (Permanent Account Number)
- Aadhaar Card
- Bank account details (account number and IFSC code)
- Form 16, if applicable (for salaried individuals)
- Details of your investments
- Books of accounts (if you have business or professional income)
Sections of the ITR-3 Form
The ITR-3 form is structured into six sections:
- General Information: Personal details, including name, address, date of birth, email address, and PAN number.
- Income Details: Disclosure of income from various sources, including salaries, pensions, family pensions, etc.
- Deductions and Taxes Paid: Claim deductions allowed under various sections of the Income Tax Act and report taxes paid.
- TDS/TCS Credit: Include details about any Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) credits applicable.
- Verification and Declaration: Authenticate your return with a digital signature or by sending a physical copy of the signed return to the Centralized Processing Center.
- Additional Information: Provide any other relevant information required as per the tax regulations.
Why Choose Bharat Filing Point for ITR-3 Filing?
Bharat Filing Point offers:
- Expert Guidance: Our team provides step-by-step assistance throughout the filing process.
- Accuracy: We ensure your ITR-3 filing is accurate and compliant with tax regulations.
- Timely Filing: We help you meet deadlines and avoid penalties.
- Documentation Assistance: We assist in gathering and managing the necessary documents.
- Secure Platform: Your data is safe with our robust security measures.
- Post-Filing Support: We offer continuous support even after your return is filed.
How Bharat Filing Point Simplifies Your ITR-3 Filing
- Expert Guidance: Get professional advice tailored to your specific tax situation.
- User-Friendly Platform: Our intuitive interface makes the filing process seamless.
- Document Management: We help you organize and maintain your financial records.
- Deduction Optimization: Maximize your deductions with our expert tips.
- Relevance Review: Ensure you’re using the correct form for your income type.
- Secure Filing: Your data is protected with advanced security protocols.
- Timely Alerts: Receive reminders about deadlines and necessary actions.
- Post-Filing Support: Access ongoing support for any questions or concerns.
Contact Us
Do you have questions about how we can help with your ITR-3 filing? Send us an email at info@bharatfilingpoint.com or visit our website at www.bharatfilingpoint.com.
With Bharat Filing Point, filing your ITR-3 has never been easier. Get started today and focus on what matters most—growing your business and achieving financial success.
Documents Required For ITR-1 vs ITR-2 vs ITR-3 vs ITR-4 vs ITR-5 vs ITR-6 & ITR-7 Return Filing
| FEATURES | ITR-1 | ITR-2 | ITR-3 | ITR-4 | ITR-5 | ITR-6 | ITR-7 |
|---|---|---|---|---|---|---|---|
| DOCUMENTS | Form 16, Bank Statement, Details of Other Income, Home Loan Repayment Schedule, Rental Receipts, Donation Receipts, Insurance Payments, Mutual Fund Investments, Medical Bills, School / College Bills, Salary Slips | Form 16, Bank Statement, Details of Other Income, Home Loan Repayment Schedule, Rental Receipts, Donation Receipts, Insurance Payments, Mutual Fund Investments, Medical Bills, School / College Bills, Salary Slips | Form 16 / Salary Slips (in case of income from salary), Rental Agreement, if any, Proof of Rental Income if any, Proof of Investments to claim Tax Exemption, Form 26AS, Monthly Purchase Bill, Monthly Sales Bill, Sales Return Details, Purchase Return Details, Tax Paid Challans for GST, Day to day Administration expenses and General expenses details, Fixed Assets Invoice Copy (if Applicable), Investment details made by Cash, Investment details made through Bank, Proof of Source of Cash In-flow and Cash Out-flow, Outstanding receivables and payables, Bank Statement, Break-up of Bank Statement, Loan Details from bank, Proof of Foreign Income (if applicable), Details of Foreign Assets (if applicable). | Bank Statement, PAN Card, Aadhar Card, Aadhaar card of the authorized signatory | Monthly Purchase Bill, Monthly Sales Bill, Sales Return Details, Purchase Return Details, Tax Paid Challans for GST, From 26AS, Day to day Administration expenses and General expenses details, Rental Agreement (if applicable), Fixed Assets Invoice Copy (if Applicable), Investment details made by Cash, Investment details made through Bank, Proof of Source of Cash In-flow and Cash Out-flowk, Loan details from Bank or Third Party, Outstanding receivables and payables, Company's Pan and two DSCs, Details of Bank used for business transactions (Acct No, IFSC Code), Statement from Bank used for business transactions, Break-up of statement from Bank used for business transactions. | Monthly Purchase Bill, Monthly Sales Bill, Sales Return Details, Purchase Return Details, Tax Paid Challans for GST, From 26AS, Day to day Administration expenses and General expenses details, Rental Agreement (if applicable), Fixed Assets Invoice Copy (if Applicable), Investment details made by Cash, Investment details made through Bank, Proof of Source of Cash In-flow and Cash Out-flow, Loan details from Bank or Third Party, Outstanding receivables and payables, Company's Pan and two DSCs, Details of Bank used for business transactions (Acct No, IFSC Code), Statement from Bank used for business transactions, Break-up of statement from Bank used for business transactions. | Statement from Bank, Incorporation Certificate, Certificate of incorporation provided by the Foreign Government. |
| Registration Time | 7-9 working days | 7-9 working days | 7-9 working days | 7-9 working days |
Documents Required for ITR-3 Return Filing in India
The documents required for ITR-3 return filing in India include:
- PAN Card: Permanent Account Number (PAN) is required for filing an income tax return.
- Form 16: This document contains information about your salary and tax deductions (TDS).
- Form 26AS: This form contains details about taxes paid or deducted, and it can be downloaded from the e-filing website.
- Bank Statement: Bank statements are required to provide details of income, such as interest earned on savings accounts, fixed deposits, and recurring deposits.
- Investment Proofs: Documents related to investments made during the financial year, such as proof of investments in mutual funds, shares, and bonds, should be kept handy.
- House Property Details: If the taxpayer owns a house property, details such as rental income, property tax paid, and interest paid on home loans should be provided.
- Other Income Details: Details of any other income, such as income from freelancing or part-time work, should be provided.
- Deductions and Exemptions: Details of deductions and exemptions claimed, such as those under sections 80C, 80D, and 80TTA, should be provided.
- TDS Certificates: TDS certificates, such as Form 16A and Form 16B, should be kept handy if the taxpayer has received income from sources other than salary.
- Aadhaar Card: Although not mandatory for filing ITR-1, it is advisable to link the Aadhaar card with the PAN card to avoid any issues during the filing process.
These documents are required to file ITR-3 return in India. It is important to ensure that all documents are accurate and up-to-date to avoid any legal complications during the filing process.
Customer Reviews
At bharatfilingpoint , we invest heavily in the administrations conveyed by us and assurance your fulfillment with our administrations & backing. We continually improve & endeavor to convey the best bookkeeping, monetary or secretarial administrations through the web.
MeanPug Digital
Partner, DFW Injury Lawyers
“They are the epitome of excellence in the industry.”
Location: India.
Meru Accounting
Owner, Estepa LLC
“I was most impressed with their knowledge of our industry.”
Location: India.
Reputation Defense Network
CMO, Medical Practice Firm
“They clearly know what they are doing and executed on our goals as desired and advertised.”
George Dimov, CPA
Executive, Tax Services Company
“They were easy to deal with.”
Dudkowiak Kopec Putyra
Managing Director, Management Consulting Company
“We were impressed with their understanding of the business and their ability to adapt to it.”
Nota Group
CEO, Barva Invest
“The company is very client-oriented.”
ITR-3 Return Filing FAQ’s
What is the ITR-3 structure?
The ITR-3 structure is a personal assessment form structure utilized in India for people and Hindu Unified Families (HUFs) who procure pay from a business or calling.
Who ought to document the ITR-3 frame?
People or HUFs ought to record the ITR-3 structure on the off chance that they meet explicit models, including being an organization chief, getting benefits pay, procuring pay from house property, or having interests in unlisted value shares.
Who isn't qualified to document the ITR-3 shape?
People or HUFs procuring pay as an accomplice of an organization firm participated in a business or calling shouldn’t record ITR-3; they ought to utilize ITR-2 all things being equal.
What are the punishments for late recording of the ITR-3 structure in India?
Whenever documented after the due date yet before December 31 of the evaluation year, a late recording expense of 5,000 might be demanded. On the off chance that recorded after December 31, a late documenting charge of 10,000 might be exacted. The charge might differ in light of pay and different elements.
What archives are expected to record the ITR-3 shape?
Required records incorporate Skillet, Aadhaar card, financial balance subtleties, Structure 16 (if material), speculation subtleties, and books of records (for business or expert pay).
What number of segments are there in the ITR-3 structure?
The ITR-3 structure is partitioned into six segments: General Data, Pay Subtleties, Derivations and Charges Paid, TDS/TCS Credit, Confirmation and Statement, and Timetables.
What data is expected in the "Pay Subtleties" part of the ITR-3 structure?
This part requires exposure of pay from different sources, including compensations, benefits, annuities, family annuities, and different roads, alongside complete available pay and expense risk estimation.
Could I at any point guarantee allowances in the ITR-3 structure?
Indeed, you can guarantee derivations allowed under different segments of the Personal Duty Act in the “Derivations and Charges Paid” area.
What is TDS and TCS credit in the ITR-3 structure?
TDS represents Assessment Deducted at Source, and TCS represents Expense Gathered at Source. You really want to remember subtleties of these credits for the particular segment.
