ITR for Individuals + HUFs with business / professional income
For individuals + HUFs with business or professional income, requiring full books of account.
Who files
Business owners + professionals with full books, partners in LLP / Partnership firms.
Due date
31 July (non-audit) / 31 October (audit) / 30 November (transfer pricing)
Penalty
₹5,000 late fee + 1% interest.
Filed on
incometax.gov.in
ITR-3 applies when you have business or professional income and don't qualify for presumptive taxation (44AD / 44ADA / 44AE). Requires full books of account, balance sheet, P&L. Most-used by larger freelancers, professionals over presumptive limits, and partners in firms.
Schedule BP (business profit)
Profit & Loss account
Balance sheet
Schedule CG, HP, AL
Tax audit details (if applicable)
ITR-4 if you opt for presumptive (44AD / 44ADA / 44AE). ITR-3 if you maintain books or exceed presumptive limits.