ITR-3

This form must be chosen by individual taxpayers and HUFs who make an income from a profession or from owning a business. The following mentioned taxpayers can select the ITR-3 form:

- Individuals creating a profit from a business or profession

- In case any investments were made in equity shares unlisted at any time during a financial year

- In case the taxpayer is a partner in a company

- In case the taxpayer is a Director of a company

-  If income is produced from salary or a pension, house property, or any other source of income

- Turnover of the business pension exceeds Rs.2 crore