ITR 3

Who can use ITR 2, ITR 3 and ITR 4?

Income Tax - In an earlier article we have discussed about who can and cannot use the ITR 1 (Sahaj). In addition to ITR 1, ITR 2, ITR3, and ITR 4 can also be used by an Individual, so it is fit and proper for us to understand as to who can submit the   remaining ITRs.  Form ITR […]...

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How to fill ITR 3 from Tax Audit Report – An Analysis

Income Tax - In case of assessee who has to obtained and upload Audit Report under section 44AB of the Income Tax Act, 1961 has to file income Tax Return for the same previous year. As there are some information or data which are same in Income Tax Return and in Tax Audit Report. So assessee has to […]...

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Applicable ITR for Assessment Year 2020-21

Income Tax - It is advised to choose the correct ITR form in order to avoid further notice of defective return. Following forms below gives you insight to file correct ITR form as per Nature of Income and Status of person A.Y. 2020-21: ITR 1: (SAHAJ) 1. Resident Individual whose total income does not exceed 50 lakhs can […]...

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Know Which Income Tax Form is applicable to whom for AY 2020-21

Income Tax - CA Kaushik Mahendrabhai Makwana Due to Covid-19, as we are aware that the Government of India is taking various major steps to recover our economy. Simultaneously, the Government of India has provided relief measures, some of which, are as under: – Due date for filing the return of income for all taxpayers has been extended [&hellip...

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Important Changes & Requirements for filing ITR for AY 2021-22

Income Tax - All Assessees are now required to file their Returns online except Super Senior Citizens are given option to submit Return in paper mode provided the Computation does not have any income chargeable under head of Profits and Gains from Business or Profession. Changes in the ITR Requirements The New ITR Forms have been notified vide [&helli...

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Rule 12 of Income Tax Rules wef 01.04.2021 | ITR | AY 2021-22

Income Tax - Taxguru Team compiled Rule 12 of Income Tax Rules considering amendment vide Notification No. 21-2021/Income Tax Dated 31st March, 2021 for ready reference of our readers. Changes are Marked in Red Coloure. Revised Rule 12 of Income Tax Rules are applicable from 01.04.2021  i.e. for Income Tax Return of Assessment Year 2021-22 and Financ...

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CBDT releases JSON Utility for ITR1 & ITR 4 for AY 21-22

Income Tax - CBDT has decided to discontinue Excel & Java version of ITR utilities  from AY 2021-22 and it has released  JSON Utility for ITR1 & ITR 4 for Assessment Year 2021-22. The utility for other ITRs will be enabled shortly, the ITR 1 to 4 can be filled using single JSON Utility. Import of Prefill file […]...

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ITR Forms for A.Y. 2021-22 – Who can file which ITR

Income Tax - ITR Forms for A.Y. 2021-22: ITR-1 (Sahaj) -Resident Individual (Other than ordinarily resident) -Total income Upto Rs. 50 Lacs -Income from salary, one house property, other sources (interest etc.), family pension income and agriculture income upto Rs. 5,000 ITR-2 -Individual and HUF not having income from profit and gains of business or ...

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Revised Instructions for filling out Form ITR-3 for AY 2020-21

Income Tax - Instructions to Form ITR-3 (A.Y 2020-21) Instructions for filling out FORM ITR-3 These instructions are guidelines for filling the particulars in Income-tax Return Form-3 for the Assessment Year 2020-21 relating to the Financial Year 2019-20. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Inc...

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ITR 1, 2, 3 & 4 for AY 2020-21 are available for e-Filing

Income Tax - ITR 1, ITR 2, ITR 3 & ITR 4 for AY 2020-21 are available for e-Filing. Other ITRs will be available shortly. Please read the instruction given above before start downloading and using the ITR utility for for AY 2020-21. The utility by default will get downloaded in your system “download” folder in a compressed […]...

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CBDT notifies ITR Forms for AY 2021-22

Notification No. 21/2021-Income Tax/G.S.R. 242(E) - (31/03/2021) - CBDT notifies all ITR Forms 1 to 7 for AY 2021-22 vide Notification no. 21/2021 in G.S.R 242(E) dated 31/03/2021. To facilitate taxpayers & to minimize the compliance burden, no significant changes have been made in the ITR Forms this year as compared to last year’s Forms. The Central Board of...

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ITR (Income Tax Return Forms) 1 to 7 for AY 2020-21 notified

Notification No. 31/2020-Income Tax [G.S.R. 338(E)] - (29/05/2020) - CBDT notifies Form ―Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V for Assessment Year 2020-21 i.e. financial Year 2019-20. Also Read- Rule 12 of Income Tax Rules wef 29.05.2020 | ITR | AY 2020-21 MINISTRY OF FINANCE (Department of Reve...

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CBDT denies Large Scale Changes in ITR Forms wef 11th July 2019

NA - (16/07/2019) - CBDT  said that there are no changes in the notified ITR forms; only the utility has been updated to facilitate the taxpayers. Therefore, the assertion that numerous changes have been made in ITR-2 and ITR-3 on July 11, 2019, does not give a correct picture. Government of India Ministry of Finance ...

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ITBA Functionality to Rectify ITR 1 to 6 for A.Y. 2017-18 Launched

ITBA- Rectification Instruction No.5 - (28/06/2019) - The functionality for rectification of processing u/s 143(1) of ITR 1,2,3,4,5, & 6 for A.Y. 2017-18 is now made available in Income Tax Business Application (ITBA). All the steps for initiating, working on the rectification proceedings and passing of rectification Order will be same as described in ...

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CBDT notifies ITR for A.Y. 2019-20 / F.Y. 2018-19

Notification No. 32/2019-Income Tax [G.S.R. 279(E)] - (01/04/2019) - CBDT notifies Form Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V for A.Y. 2019-20 / F.Y. 2018-19 vide Notification No. 32/2019 dated 1st April, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notificatio...

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Recent Posts in "ITR 3"

Rule 12 of Income Tax Rules wef 01.04.2021 | ITR | AY 2021-22

Taxguru Team compiled Rule 12 of Income Tax Rules considering amendment vide Notification No. 21-2021/Income Tax Dated 31st March, 2021 for ready reference of our readers. Changes are Marked in Red Coloure. Revised Rule 12 of Income Tax Rules are applicable from 01.04.2021  i.e. for Income Tax Return of Assessment Year 2021-22 and Financ...

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Posted Under: Income Tax | ,

CBDT releases JSON Utility for ITR1 & ITR 4 for AY 21-22

CBDT has decided to discontinue Excel & Java version of ITR utilities  from AY 2021-22 and it has released  JSON Utility for ITR1 & ITR 4 for Assessment Year 2021-22. The utility for other ITRs will be enabled shortly, the ITR 1 to 4 can be filled using single JSON Utility. Import of Prefill file […]...

Read More
Posted Under: Income Tax |

ITR Forms for A.Y. 2021-22 – Who can file which ITR

ITR Forms for A.Y. 2021-22: ITR-1 (Sahaj) -Resident Individual (Other than ordinarily resident) -Total income Upto Rs. 50 Lacs -Income from salary, one house property, other sources (interest etc.), family pension income and agriculture income upto Rs. 5,000 ITR-2 -Individual and HUF not having income from profit and gains of business or ...

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Posted Under: Income Tax |

CBDT notifies ITR Forms for AY 2021-22

Notification No. 21/2021-Income Tax/G.S.R. 242(E) 31/03/2021

CBDT notifies all ITR Forms 1 to 7 for AY 2021-22 vide Notification no. 21/2021 in G.S.R 242(E) dated 31/03/2021. To facilitate taxpayers & to minimize the compliance burden, no significant changes have been made in the ITR Forms this year as compared to last year’s Forms. The Central Board of Direct Taxes has notified […]...

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Who can use ITR 2, ITR 3 and ITR 4?

In an earlier article we have discussed about who can and cannot use the ITR 1 (Sahaj). In addition to ITR 1, ITR 2, ITR3, and ITR 4 can also be used by an Individual, so it is fit and proper for us to understand as to who can submit the   remaining ITRs.  Form ITR […]...

Read More
Posted Under: Income Tax |

Revised Instructions for filling out Form ITR-3 for AY 2020-21

Instructions to Form ITR-3 (A.Y 2020-21) Instructions for filling out FORM ITR-3 These instructions are guidelines for filling the particulars in Income-tax Return Form-3 for the Assessment Year 2020-21 relating to the Financial Year 2019-20. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Inc...

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Posted Under: Income Tax |

How to fill ITR 3 from Tax Audit Report – An Analysis

In case of assessee who has to obtained and upload Audit Report under section 44AB of the Income Tax Act, 1961 has to file income Tax Return for the same previous year. As there are some information or data which are same in Income Tax Return and in Tax Audit Report. So assessee has to […]...

Read More
Posted Under: Income Tax |

Applicable ITR for Assessment Year 2020-21

It is advised to choose the correct ITR form in order to avoid further notice of defective return. Following forms below gives you insight to file correct ITR form as per Nature of Income and Status of person A.Y. 2020-21: ITR 1: (SAHAJ) 1. Resident Individual whose total income does not exceed 50 lakhs can […]...

Read More
Posted Under: Income Tax |

ITR 1, 2, 3 & 4 for AY 2020-21 are available for e-Filing

ITR 1, ITR 2, ITR 3 & ITR 4 for AY 2020-21 are available for e-Filing. Other ITRs will be available shortly. Please read the instruction given above before start downloading and using the ITR utility for for AY 2020-21. The utility by default will get downloaded in your system “download” folder in a compressed […]...

Read More
Posted Under: Income Tax | ,

Know Which Income Tax Form is applicable to whom for AY 2020-21

CA Kaushik Mahendrabhai Makwana Due to Covid-19, as we are aware that the Government of India is taking various major steps to recover our economy. Simultaneously, the Government of India has provided relief measures, some of which, are as under: – Due date for filing the return of income for all taxpayers has been extended [&hellip...

Read More
Posted Under: Income Tax |

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