Who can use/file ITR 3
For A.Y 2018-19, Form ITR 3 can be used by an individual or a Hindu Undivided Family who is having income from profits and gains of business or profession. However, for the A.Y 2018-19, ITR 3 is required to be filed by the following persons:
- Whose income is chargeable under Head ”Profits and gains of business or profession”
- An individual who is a director in a company
- Who had investments in unlisted equity shares at any time during the financial year
- Any interest, salary, bonus, commission, or remuneration by whatever name called, due to, or received by him from a partnership firm.
Who cannot use/file ITR-3
Form ITR-3 cannot be used by any person other than an individual or a HUF. Further, an individual or a HUF not having income from business or profession cannot use ITR-3.