Team IN Filings

Income Tax

ITR 3 Return Filling


When Should ITR 3 be Filed? 

Where Proprietorship business earning income from Business or profession, or the person trading under Future and Options also required to file under ITR-3.

Below types of Income holders are applicable to file ITR 3

Income from a profession or business carried under a proprietorship firm

Income earned from one or multiple house properties

Income assets by way of assets in a country outside India

Income generated from short or long-term capital gains


Who is note required to file ITR 3? 

Person who is a partner of a partnership firm which is engaged in a business/profession is not eligible to file ITR-3

Online Method:
For this method, you will need to visit the e-filing portal of the Income Tax Department. Once you click on the form, fill it completely, and verify the same with your digital signatures. You will get an acknowledgment receipt after the successful form filing on your registered email-ID.
In cases where digital signatures are not available, you can verify it using the Income Tax Return Verification form (ITR V). It is sent by the Income Tax department once you have filled the form online. After signing the form, you can send it back to the official address of the IT department. Finish your e-filing with TeamIndia.

Offline Method:
Offline method for ITR 3 form is allowed if you are a super senior citizen, i.e., 80 years or more. This is also applicable if your income is lower than Rs 5 lakhs and you do not have to possess any income tax fund request.
Now, in case you are eligible for the offline method, you can submit the ITR 3 form in a barcoded or paper form.

FAQ on ITR-3:


What is the last date to file ITR-3 for 2020-21?

The last date to file ITR-3 was 31-12-2021(non Audit cases, for Audit cases 15-02-2022

Due Date of filing the ITR for the financial year 2020-2021

ITR filing by taxpayers not covered under audit is 31-12-2021

ITR filing for tax audit cases is extended to 15 -02-2022

ITR filing of belated or revised return is 31-03-2022


Due date to furnish the tax audit report is 15-02-2022




For more about ITR filings, please click here


MCA extended the AGM due date till 30th Nov 2021.



We at Team IN Filings., Bangalore help the entities in the above areas of Income Tax law. We are providing error free Income tax services to Individuals, Professionals, Companies, firms, proprietors, etc. In case you need these services, we would be glad to assist you. Please write to [email protected]

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