ITR-3 is a form that is applicable for resident individuals and Hindu Undivided Families (HUFs). In order to file income tax returns with an ITR-3 form, an assessee must earn his/her income from a proprietorship business or a profession. Therefore, if you generate an income through a proprietary business or a profession pertaining to accountancy, architecture, medical, engineering, etc., you can file ITR-3 for income tax returns.

Individuals and HUFs who have income from a profession or from Proprietary business ITR-3 must be filed by them.

An Individual or HUF who is earning income as a partner of a partnership firm which is engaged in a business/profession is not eligible to file ITR-3.

ITR-3 form is to be used when the assessee has income mentioned below category:

1. Income from carrying on a profession
2. Income from Proprietary Business
3. Along with income from a profession or proprietary business, return may also include income from House property, Salary/Pension and Income from other sources

Note: The due date for filing ITR-3 in case of a taxpayer subject to tax audit has been extended to 15th February 2022 from 31st October 2021 for the AY 2021-22 (FY 2020-21).