Expert ITR-3 Filing Services by N D Savla & Associates
Are you a professional, business owner, or HUF needing to file ITR-3?
The ITR-3 Form is one of the most detailed income tax return forms in India
and accurate filing is critical to remain compliant and avoid penalties.
At N D Savla & Associates, we specialize in ITR-3 filing services for
individuals and Hindu Undivided Families earning income from business
or profession. Our experienced tax consultants ensure a seamless,
error-free, and timely return filing process so you can stay focused on your business growth.
What is ITR-3 Form?
ITR-3 is the income tax return form for individuals and HUFs earning income under
the head Profits and Gains of Business or Profession.
It also applies to taxpayers with capital gains,
multiple house properties, foreign income, unlisted shares,
or those acting as company directors.
This form captures detailed income, deductions,
assets, and tax information, making it essential
for proprietorship businesses, freelancers,
and self-employed professionals.
Who Should File ITR-3?
- Individuals or HUFs with income from business or profession
- Freelancers and consultants declaring professional receipts
- Directors in listed or unlisted companies
- Investors holding unlisted equity shares
- Taxpayers earning capital gains from property or securities
- Persons with rental income along with business income
- Residents or NRIs with foreign assets or foreign income
Who Cannot File ITR-3?
- Persons earning only salary income without capital gains
- Partners in a partnership firm declaring firm income
- Individuals qualifying for ITR-1 or ITR-4 presumptive scheme
ITR-3 Filing Due Dates
- July 31 – For individuals and HUFs not subject to audit
- October 31 – For audit cases under section 44AB
- December 31 – Belated return filing with late fees
Late Filing Penalties for ITR-3
- Late filing fee up to ?5,000
- Interest on unpaid taxes
- Disallowance of loss carry-forwards
- Increased risk of scrutiny notices
Documents Required for ITR-3 Filing
- PAN Card and Aadhaar Card
- Bank account details
- Form 16 or 16A wherever applicable
- Books of accounts: P&L, Balance Sheet, and ledgers
- TDS certificates and Form 26AS
- Capital gains statements
- Details of foreign assets or income
- Information on directorship or unlisted shares
Structure of ITR-3 Form
The ITR-3 Form includes key sections such as:
general information, detailed income schedules,
deductions and tax payments, TDS or TCS details,
and final verification and declaration.
All schedules not applicable must be marked as NA
while filing through the online portal.
Why Choose N D Savla & Associates
Business & Professional Tax Expertise
Deep understanding of ITR-3 requirements.
Complete Compliance Support
From books preparation to final filing.
Error-Free Filing
Cross verification to avoid mismatches.
Deadline Monitoring
Timely submission every year.
Audit Assistance
Support in scrutiny and hearings.
Secure & Confidential Process
Your data handled with complete privacy.
FAQs – ITR-3 Filing Services
- Who is required to file ITR-3?
- Can freelancers use ITR-3?
- What if I miss the due date?
- Do you assist in scrutiny cases?
Need help filing ITR-3 this assessment year?
Our team is ready to assist.