ITR-3
The ITR-3 form is to be used by those individuals/ HUF who conduct a business or profession. It is also to be used by partner in a firm. Along with the income earned from business/ profession, taxpayers can also club any income they receive from windfalls, speculation, salaries, lotteries, housing properties etc. with their business income.
This form is applicable for the following:
- Individuals who earn income from any business/ profession
- Individuals who earn income from housing property
- Individuals who earn capital gains income
- Individuals whose income from agriculture is aboveRs. 5,000
- Individuals who own any assets or property in countries other than India
- Individuals who earn income from any country outside India