How to File ITR-3: A Step-by-Step Guide

Eligibility: For individuals and HUFs with business/professional income, or partners in a firm. Due Dates: Non-Audit: July 31 of the next financial year. Audit: September 30 of the next financial year. Filing Methods: Offline: Use Tax Return Preparation Utility, then upload on the e-filing portal. Online: Use an E-Return Intermediary (ERI) like Finodha.

Submission: Electronically submit using a digital signature or verify using Form ITR-V or other e-verification methods. Acknowledgment: Receive acknowledgment receipt via email after successful submission and verification. Part A - General: Enter personal details, filing status, employer category, and tax status.

Part B - Income Computation: Compute total income, losses, gross income, and deductions under Chapter VI-A. Schedules: Fill in detailed schedules for taxes, income, depreciation, capital gains, and other sources.

This guide simplifies the process of filing ITR-3 for individuals and HUFs, ensuring compliance with the income tax regulations.