Take a break and read all about it
Income Tax Return(ITR) Form-3
Individuals and Hindu Undivided Families who are enrolled as partners in a firm must fill out the ITR Form-3 . This form does not applicable to people who are sole proprietors of a business, according to Rule 12 of the Income Tax Rules, 1962. It is mostly for business purposes, including partnership agreements. Professionals can use it as well, but it must be done in collaboration.
ITR Form has total 7 types which is known as follows.
Who are eligible to fill out the ITR-3 Form
A collection of rules and conditions control the eligibility criteria for each Income Tax Return form. Individuals and Hindu Undivided Families who fall into one of the following groups are eligible to use the ITR-3 Form.