This form must be chosen by individual taxpayers and HUFs who make an income from a profession or from owning a business. The following mentioned taxpayers can select the ITR-3 form:
Individuals creating a profit from a business or profession
In case any investments were made in equity shares unlisted at any time during a financial year
In case the taxpayer is a partner in a company
In case the taxpayer is a Director of a company
If income is produced from salary or a pension, house property, or any other source of income
Turnover of the business pension exceeds Rs.3 crore
Who Cannot Opt for this Form?
Documents & Information Required
BASIC INFORMATION –PAN, AADHAAR, Account No & IFSC Code, Income Tax Website Credential
Form 16
Bank Statement
For Property
Home Loan Certificate
Property Tax Paid
Property Address with Pin Code
If Rented – Rent Per Month, Name of Tenant, Tenant PAN