Form ITR 3 is to be filed by Individuals and HUFs having income from profession or proprietary business. Financial statements preparation and ITR-3 return filing by us at reasonable cost.
The ITR-3 Form applies particularly to those Individuals and Hindu Undivided Families who have income from carrying on a profession or from Proprietary business. If an Individual/HUF is having income as a partner of a partnership firm that is carrying out business/profession, he cannot file ITR-3. In such case, he is required to file ITR 2.
ITR-3 must be filed by individuals and HUFs who have income from carrying on a profession or from Proprietary business.