Simplified ITR-3 Form Filing with Vyapar Samadhan

At Vyapar Samadhan, we're your trusted ally in simplifying the ITR-3 form filing process. As a premier online platform for tax and compliance solutions, we understand the complexities of income tax returns. Whether you're an individual with business income or a Hindu Undivided Family (HUF), our expert team is here to guide you through the entire process.

Understanding ITR-3 Form

The ITR-3 form is vital for taxpayers earning income from a business or profession. It ensures comprehensive financial information for tax compliance.

Who Should File ITR-3 Form?

Individuals or HUFs meeting criteria such as directorship, pension income, house property income, unlisted equity shares, or business or professional income.

Who is Not Eligible for ITR-3 Form?

Those earning as a partner in a partnership firm engaged in business or profession should opt for ITR-2.

Due Date for Filing Form ITR 3

For Assessment Year 2023-24:

• Non-audit Cases: Due on July 31, 2023
• Audit Cases: Due on October 31, 2023

Stay updated with any date changes by checking with the income tax authorities.

Late Filing Penalties for ITR-3 Form

Late filing may incur fees:

• Upto December 31: ₹5,000

For incomes below ₹5 lakh, the maximum fee is ₹1,000. Timely filing avoids penalties and legal consequences.

Documents Required

For ITR-3 filing on Vyapar Samadhan, have these documents ready:

• PAN
• Aadhaar Card
• Bank account details
• Form 16 (if applicable)
• Investment details
• Business or professional income books (if applicable)

Sections of the ITR-3 Form

Modes of Submission for ITR-2

• General Information:
  • Personal details, assessment year, self-assessment indication.
• Income Details:
  • Income from various sources, total taxable income, and tax liability calculation.
• Deductions and Taxes Paid:
  • Claim deductions under various sections. Report taxes paid like advance tax.
• TDS/TCS Credit:
  • Details of Tax Deducted at Source (TDS) or Tax Collected at Source (TCS).
• Verification and Declaration:
  • Validate return via digital signature or physical copy submission. Affirm accuracy.

Why Choose Vyapar Samadhan for ITR-3 Form Filing?

We simplify ITR-3 filing with:

• Expert Guidance: Experienced professionals ensure accuracy and compliance.
• Convenience: Easy online platform for stress-free filing.
• Accuracy: Thorough reviews minimize future tax-related issues.
• Timely Filing: Prompt submissions to avoid penalties.

Let Vyapar Samadhan assist you in filing your ITR-3 form, ensuring a smooth experience. Contact us today for expert guidance and compliance with your tax obligations.