Quick Summary
The Income Tax Department has released an updated version (1.5) of the Excel-based utility for filing ITR-3, catering to individuals and Hindu Undivided Families (HUFs) with income from profits and gains of business or profession. The new version, available since October 18, 2024, enhances the filing process by incorporating the latest compliance requirements and improving user experience. The updated tool, sized at 10.5 MB, replaces the previous version released on May 9, 2024. Document:Ut
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FAQ :
The Income Tax Department has released an updated version 1.5 of the Excel-based utility for filing ITR-3.
The ITR-3 form is for individuals and Hindu Undivided Families (HUFs) who have income from profits and gains of business or profession, as well as other income sources like salary, property, or capital gains.
The updated version 1.5 of the ITR-3 utility was released on October 18, 2024.
The updated ITR-3 utility tool is 10.5 MB in size.
Yes, the ITR-3 form is applicable for those who opt for the presumptive taxation scheme under Section 44AD, 44ADA, or 44AE.
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