10/31/2023 0 Comments Itr 3 download![]() ![]() Name and PAN of the Firm, Whether the firm is liable to audit?, Percentage share in profit, Amount of share in the profit, Capital balance as on 31st March in the firm.ĭetails of Income from Firm of which you are a partner Information regarding partnership firm in which you are a partner Name and PAN of the Employer, Address of the Employer, Salary, Perquisites, Allowance, etc.ĭetails of House Property, Name and PAN of the Co-owners and Tenants, Details of Rent Income, Interest payable on Borrowed Capital, etc. TDS/TCS Number of the Collector, Name of the Collector, Tax Collected, Amount being Claimed PAN & Name of the Buyer, TDS-certificated Number, TDS Amount, etc.ĭetails of Tax Collected at Source (TCS) TDS3: Details of tax deducted at source on sale of immovable property u/s 194IA (Form 26QB) TAN, Name of Deductor, Year of Deduction, Tax deducted, etc. TDS2: Details of Tax Deducted at sources from Income other than Salary (As per FORM 16A) TAN of Employer, Employer Name, Tax Deducted, etc. TDS1: Details of Tax Deducted at Source from SALARY The Bank Account details, Verification and TRP details (if any) are to be provided hereĭetails of Advance Tax and Self Assessment Tax PaymentsīSR code, Date of Deposit, Chalan number, Tax Paid Name, Address, Date of Birth, PAN, contact details, etc.Įmployer Category, Tax status, Residential status, Return filed under the section, etc.Ĭomputation of tax liability on total income Earning income from salary, house property, capital gain, other sources, and under the head “Profits or gains of business or profession” and not eligible to opt for Presumptive Taxation Scheme.The ITR 3 form can be filed by the person who is: Or, if the taxpayer has incurred electricity expense of more than INR 1 lac.If the taxpayer has incurred foreign travel expense of more than INR 2 lacs.If the taxpayer has deposited more than INR 1 Cr in a current account.The high-value transactions can be either of the following: As per this new provision, if a taxpayer has entered into high-value transactions, it is mandatory to file the ITR even if the total income does not exceed the basic exemption limit. However, Budget 2019 inserted the seventh proviso to Section 139(1). Up to FY 2018-19 (AY 2019-20), it was not mandatory to file Income Tax Return if the total income was less than the basic exemption limit. ![]()
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