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FORM Assessment Year INDIAN INCOME TAX RETURN For Individuals×Huts being partners in firms and not carrying out business or profession under any proprietorship ITR-3 2 0 1 5 – 16 (Please see rule
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Form ITR-3 is an income tax return form that is used by individuals and Hindu Undivided Families (HUFs) who have income from profits and gains of business or profession.
Individuals and Hindu Undivided Families (HUFs) who have income from profits and gains of business or profession are required to file Form ITR-3 assessment.
Form ITR-3 can be filled out either online on the Income Tax Department's website or offline by downloading the form, filling it out, and submitting it physically or electronically.
The purpose of Form ITR-3 assessment is to report income from profits and gains of business or profession, claim deductions, and calculate tax liability thereon.
Information such as income from business or profession, deductions claimed, tax payments made, and computation of taxable income must be reported on Form ITR-3 assessment.
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