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ITR FORM 3 ?

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NARENDRA

ACCOUNTS MANAGER

2213 Points Posted on 08 January 2021

If 1 is a partner in a non tax audit firm & also having salary income
......., Which Itr Form should choose for his personal return ?
Whether Itr 3 can be filled without CA ? ...... .....................

Replies (3)

Quick Summary

This discussion clarifies which Income Tax Return (ITR) form individuals should use when they have income from a proprietary business or profession, alongside salary income. It confirms that ITR Form 3 is the correct choice for individuals or Hindu Undivided Families carrying on a business or profession, including those who are directors in a company. The thread also touches upon whether ITR 3 can be filed without the assistance of a Chartered Accountant (CA).

Kapadia Pravin

17269 Points Posted on 08 January 2021

Go for ITR 3

Krishna Chaudhary

Accountant

4533 Points Posted on 08 January 2021

The Current ITR3 Form is to be used by an individual or a Hindu Undivided Family who have income from proprietary business or are carrying on profession. The persons having income from following sources are eligible to file ITR 3 : Carrying on a business or profession. If you are an Individual Director in a company.

NARENDRA

ACCOUNTS MANAGER

2213 Points Posted on 09 January 2021

Originally posted by : Krishna Chaudhary

His partnership Firm's ITR is already filled, now he want to filed his own return where as he is getting salary, interest & profit on a 5% ratio . Now which itr form should i file ?