New Income Tax Return Form ITR-3 and  ITR 4 in Excel Format for A.Y.  2011-12 / Financial Year 2010-11.

ITR -3 :- This Return Form is to be used by an individual or an Hindu Undivided Family who is a partner in a firm and where income chargeable to income-tax under the head “Profits or gains of business or profession” does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm. In case a partner in the firm does not have any income from the firm by way of interest, salary, etc. and has only exempt income by way of share in the profit of the firm, he shall use this form only and not Form ITR-2.

ITR 4- This Return Form is to be used by an individual or an Hindu Undivided Family who is carrying out a proprietary business or profession and who are not filing Return under Presumptive Taxation Scheme. For Presumptive Business Income Assessee need to file Return in SUGAM (ITR-4S).

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