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ITR Form 3 in New Portal

15 August 2021

Dear Friends,
I registered in IT eportal as an Individual.
Name As Per PAN : RAJ
Trade Name As Per GST : RAJ TRADERS
I am not able to select ITR FORM 3 as well the form is not visible.
Anyone can help me accordingly

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9 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 15 August 2021

Why don't you registered as RAJ TRADERS in Income tax portal also

1 Like

Mohanraj J (1162 Points)
Replied 15 August 2021

Name As Per Pan : RAJ
We don't have PAN in RAJ TRADERS

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 15 August 2021

I that's why it is not showing ITR 3

1 Like

Magham Bhuvana shankar (7 Points)
Replied 15 August 2021

We can file ITR 3 only through offline. we cannot file it as we file ITR 1 and 4 in portal. Please prepare return in offline utility.

1 Like

Nidhi (Chief Accountant) (3150 Points)
Replied 17 August 2021

We can file ITR 3 only through offline. we cannot file it as we file ITR 1 and 4 in portal. Please prepare return in offline utility.

1 Like

Mohanraj J (1162 Points)
Replied 17 August 2021

Thank u so much Sourav Ji, Magham Ji & Nidhi Ji. Further, one more clarification:
Annual Business Turnover is 25 Lakhs only. We are maintaining books of Accounts. So, we don't need Auditor's Report for Filing ITR 3? since the turnover value is just 25L.
Kindly advise.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 17 August 2021

Yes tax audit is not applicable

1 Like

Nidhi (Chief Accountant) (3150 Points)
Replied 17 August 2021

Yes, No need of auditor's report in your case

1 Like

v devanathan (Partner of a CA Firm) (132 Points)
Replied 17 August 2021

Even if you maintain books of accounts and TO level is 25 Lakhs , if you are not offering minimum of 8% (6%, if transactions are done thr' banking channel.) of the TO as income under 44AD (for business), you have to get an Audit report u/s. 44AB as required under the provisions of Sec.44AD(5)

1 Like