Easy ITR-3 Eligibility, Exclusions and Filing Due Date

Filing Income Tax Returns (ITR) is a critical aspect of tax compliance for individuals and entities. Understanding the applicability of different ITR forms is essential to ensure accurate and timely filing. In this blog post, we unravel the intricacies of Form ITR-3, elucidating who should file it, who is not eligible, and the due date for filing.

Who Should File Form ITR-3?

Form ITR-3 is designed for individuals and Hindu Undivided Families (HUFs) with income from business or profession. Specifically, the following categories of taxpayers should file Form ITR-3:

  • Individuals with Business Income: Individuals engaged in proprietary business or profession, including freelancers, consultants, and contractors, should file Form ITR-3 to report their income and claim deductions.
  • Partners in Partnership Firms: Partners of a partnership firm, irrespective of the nature of their income, should file Form ITR-3 to disclose their share of profits or losses from the partnership.

Who is Not Eligible to File Form ITR-3?

While Form ITR-3 caters to individuals and HUFs with business income, certain taxpayers are not eligible to file this form. They include:

  • Salaried Individuals: Individuals who receive income solely from salary or wages, without any income from business or profession, are not eligible to file Form ITR-3. They should opt for the appropriate ITR form based on their income sources.
  • Individuals with Capital Gains: Taxpayers earning income from capital gains, such as the sale of property or investments, should file Form ITR-2 instead of Form ITR-3.
  • Individuals with Income from Other Sources: Those earning income from sources other than business or profession, such as interest, dividends, or rental income, should choose the relevant ITR form based on their income sources.

Due Date for Filing Form ITR-3

The due date for filing Form ITR-3 varies depending on the taxpayer’s status and the financial year for which the return is being filed. For individuals and HUFs not subject to audit requirements, the due date is typically:

  • July 31: For most individuals and HUFs for whom the accounts are not required to be audited.
  • September 30: For individuals and HUFs whose accounts are required to be audited under the Income Tax Act or any other law.
  • These dates are subject to change by the income tax authorities, so it’s essential to stay updated with any revisions or extensions of the due dates.


In conclusion, Form ITR-3 is tailored for individuals and HUFs with income from business or profession. Understanding who should file this form and who is not eligible is crucial for accurate tax compliance. Additionally, being aware of the due date for filing Form ITR-3 ensures timely submission and avoids penalties.

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