What is ITR 3 - Income Tax Return filing

ITR 3 is a income tax return to be used by an individual or a Hindu Undivided Family who is having income under the head “profits or gains of business or profession” and who is not eligible to file Form ITR-1 (Sahaj), ITR-2 or ITR-4 (Sugam) and accordingly this ITR can be used:

• People Carrying on a business or profession and having income under the head “profits or gains of business or profession”;
• Resident assesses who have assets outside India;
• People who have investments in unlisted equity shares at any time during the financial year

The ITR may also include income from House property, Salary/Pension and Income from other sources