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What is ITR Registration?

ITR (Income Tax Return) Registration refers to the process of filing your income tax return with the Income Tax Department of India. It ensures legal compliance and allows taxpayers to report income, claim refunds, and pay taxes accurately. ITR registration is mandatory for individuals, businesses, and entities whose income exceeds the taxable limits set by the government.


The government website can be used by all types of taxpayers in India for filing ITR. Different types of ITR Forms are available such as ITR1(SAHAJ), ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, and ITR 7. The taxpayer chooses his ITR form according to his eligibility for the form.

What is ITR Registration?

The ITR-3 form is meant for resident individuals whose total income includes salary, income from a single house property, agricultural income up to ₹50,000, and income from other sources, with a total income exceeding ₹50,00,000.

Who Can File ITR 3?

  • Individuals and HUFs
  • Carrying on business under the presumptive scheme
  • Professionals (freelancers, consultants, etc.)
  • Income from dividends or interest
  • Income from trading (F&O, intraday, or shares)
  • Income from salary/pension, house property, capital gains, and other sources
  • Remuneration received from a partnership firm (excluding LLPs)

Benefits of Filing ITR 3

Filing ITR-3 offers several advantages for individuals and professionals with business or professional income:

  • Legal Compliance: Stay compliant with Income Tax laws and avoid penalties.
  • Proof of Income: Serves as an official document for income verification.
  • Loan & Visa Approvals: Required by banks and financial institutions for loans, mortgages, and visas.
  • Claim Refunds: Enables you to claim tax refunds if excess tax was deducted.
  • Carry Forward Losses: Business or professional losses can be carried forward to future years.
  • Smooth Tax Assessment: Simplifies tax scrutiny or notice handling by the Income Tax Department.
  • Professional Credibility: Builds financial credibility for freelancers, consultants, and business owners.

Documents Required

  1. Aadhaar card
  2. Bank account details
  3. Capital gains statement
  4. Details of investment in unlisted shares
  5. Document proof to claim deductions u/s 80D to 80U
  6. Form 26AS
  7. Form-16A/Form-16B/Form-16C/Form-16D
  8. Home loan statement from bank/NBFC
  9. Interest certificates from the bank
  10. Interest certificates from the post office
  11. Pre-validation of bank account for ECS refund
  12. Salary slips
  13. Tax-saving investment proof
  14. Update bank savings account passbook
  15. Update post office PPF account passbook

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 Frequently asked questions

Who should file ITR-3?

Resident individuals and HUFs with income from business or profession, freelancing/consultancy, trading (F&O, shares), salary/pension, house property, or other sources should file ITR-3.

Can salaried individuals file ITR-3?

Resident individuals and HUFs with income from business or profession, freelancing/consultancy, trading (F&O, shares), salary/pension, house property, or other sources should file ITR-3.

Is ITR-3 mandatory?

Yes, if you have business or professional income, filing ITR-3 is mandatory to remain compliant and avoid penalties.

Can I claim deductions while filing ITR-3?

Yes, you can claim deductions under various sections like 80C, 80D, and others, just like in other ITR forms.

Can losses be carried forward in ITR-3?

Yes, business or professional losses can be carried forward to future years for set-off against income.

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