Itr 3: Instructions for filling out

Instructions for filling out FORM ITR‐3 These instructions are guidelines for filling the particulars in Income‐tax Return Form‐ 3 for the Assessment Year 2021‐22 relating to the Financial Year 2020‐21. In case of any doubt, please refer to relevant provisions of the Income‐tax Act, 1961 and the Income‐tax Rules, 1962. It’s ITR season but many taxpayers can’t find the ITR -2 and ITR-3 forms on the Income Tax portal yet. If you have capital gains, foreign income or business income, this delay might worry you. The good news is there’s an extended deadline this year. Here’s why these forms are missing and what you should do next. ITR-3 is the Income Tax Return form for individuals and Hindu Undivided Families (HUFs) who have income from business or profession. Often referred to as a “master form,” ITR-3 allows individuals or HUFs to report all possible types of income when they have business or professional income. ITR-3 is for individuals and HUFs with income from business or profession. Learn about eligibility, presumptive taxation, balance sheet details, and the e-filing procedure.