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Income Tax Return 3 (ITR-3) Filing Services in India
For Business Owners, Professionals & Directors
Accurate | CA-Assisted | Hassle-Free
Are you a sole proprietor, partner in a firm, or company director with income from business or profession?
MEQUINTRAX DIGITAL SERVICES PRIVATE LIMITED offers end-to-end ITR-3 filing support to help you stay compliant, reduce tax liability, and file confidently—on time.
Our ITR-3 Services Include:
- Expert consultation for business & professional income
- Income reporting from speculative/non-speculative business
- Capital gains & foreign asset declarations
- Books of accounts & balance sheet preparation (if required)
- 100% accurate & legally compliant filing
Start your ITR-3 filing with Mequintrax today – Trusted by freelancers, traders, directors, and consultants across India.
ITR - 3 Return Filing
Perfect for: File your Income Tax Return with ease using Mequintrax’s expert ITR-3 filing service — designed for individuals and HUFs with income from a proprietary business or profession.
Offer Price: ₹3899
Regular Price: ₹4899
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✅ Accounts Preparation for Business or Professional Income
✅ ITR-3 Income Tax Return Filing with Expert Handling
✅ Dedicated Accountant Support Throughout the Process
✅ Acknowledgement Copy of ITR-3 Copy
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What is ITR-3 Form?
ITR-3 is an Income Tax Return form applicable to individuals and Hindu Undivided Families (HUFs) who earn income from business or professional activities. It is designed to report income from profits and gains of business or profession, along with other sources such as salary, house property, capital gains, and income from other sources.
This form is ideal for taxpayers who:
Run a proprietary business or are self-employed professionals (like doctors, lawyers, consultants, etc.)
Have income from one or more businesses or professions
Want to report all types of income in one comprehensive form
In simple terms, ITR-3 is the master form for individuals or HUFs who are involved in any kind of business or professional activity, making it one of the most detailed return forms under the Income Tax Act.
Who is Eligible to File the ITR-3 Form?
The ITR-3 Form is applicable to individuals and Hindu Undivided Families (HUFs) who have income from business or profession under the head "Profits and Gains of Business or Profession." This form is ideal for taxpayers with the following income sources:
- Income from proprietorship business or self-employed profession (including freelancers, consultants, doctors, lawyers, architects, etc.)
- Income under tax audit or non-audit business categories
- Remuneration, interest, or profit share received from a partnership firm
- Additional income from salary/pension, house property, capital gains, or other
Who is Not Eligible to File the ITR-3 Form?
The following taxpayers cannot use ITR-3 Form for filing their return:
- Any person other than an individual or HUF (e.g., companies, LLPs, partnership firms)
- Individuals or HUFs who do not have income from business or profession
- Those having income from presumptive taxation schemes under Sections 44AD, 44ADA, or 44AE (they should use ITR-4)
Due Date for Filing the ITR-3 Form
The due date for filing ITR-3 varies based on whether the taxpayer’s accounts require an audit:
For non-audit cases (individuals or HUFs not liable for audit): 31st July of the assessment year
- For audit cases (businesses or professions requiring a tax audit under Section 44AB): 31st October of the assessment year
Filing your ITR-3 within the deadline helps you avoid late fees, interest, and penalties under the Income Tax Act.
Penalties for Late Filing of ITR-3
Filing the ITR-3 Form after the due date can result in various penalties and interest under the Income Tax Act. Here’s what you need to know:
Late Filing Fee:
If you miss the due date, a late fee of ₹5,000 is charged if the return is filed after the due date but before 31st December of the assessment year. For returns filed after this date, the fee increases to ₹10,000.
Interest under Section 234A:
Interest will be charged on the tax payable amount if the return is filed after the due date. The interest rate is 1% per month or part of the month on the unpaid tax.
Delay in Refunds:
Late filing may result in delayed processing of refunds, which could affect your finances.
Step-by-Step Process to File the ITR-3 Form
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Filing the ITR-3 Form is simple if you follow the steps below:
Prepare Your Documents:- PAN Card: Ensure your PAN details are updated.
- Bank Account Details: Provide correct bank account information for refunds.
- Income Documents: Gather your business profit/loss statements, salary slips, capital gains statements, and audit reports (if applicable).
- Tax Deducted at Source (TDS): Collect TDS certificates and Form 16.
Log in to the Income Tax Portal:- Visit the official Income Tax Department portal and log in using your PAN and password.
Select the ITR-3 Form:- Under the "Income Tax Return" section, select ITR-3 from the list of available forms.
Fill in Personal Details:- Enter your name, address, contact details, and other personal information as required.
Provide Income Details:- Report income from business or profession.
- Include salary, capital gains, and other income sources.
Verify and Upload Documents:- Attach required documents, such as audit reports, TDS certificates, and other income proofs.
- Ensure all information is correct and accurate.
Calculate Tax Liability:- The system will automatically calculate your tax liability based on the income and deductions provided.
Pay Tax (If Applicable):- If there is any tax payable, make the payment through available modes like Net Banking or E-Challan.
Submit the Return:- Once everything is verified, submit your return. You will receive an acknowledgment number after successful submission.
E-Verify the Return:- You can e-verify the return through Aadhaar OTP, Net Banking, or by sending a signed physical copy to the Income Tax Department.
Top 6 Reasons to File Your ITR-3 with a Trusted Tax Filing Expert
Expert Support from Qualified Tax Professionals
Our team of experienced Chartered Accountants and tax experts specialize in ITR-3 filing for individuals and Hindu Undivided Families (HUFs) with income from business or profession. MEQUINTRAX ensures full compliance with the latest tax provisions, minimizing your risk of penalties, notices, or delays.
Timely Filing to Avoid Penalties
At MEQUINTRAX, we prioritize your deadlines. Our streamlined filing process ensures your ITR-3 is submitted well before the due date, helping you avoid late fees, interest charges, and scrutiny from the Income Tax Department.
Transparent and Pocket-Friendly Pricing
Enjoy clear, honest pricing with MEQUINTRAX DIGITALSERVICES PRIVATE LIMITED. Our affordable ITR-3 packages are designed for small business owners, professionals, and freelancers, with no hidden charges. Compliance has never been so affordable!
100% Online, Hassle-Free Filing Experience
MEQUINTRAX offers a fully paperless experience for ITR-3 filing. Securely upload your documents and let our experts handle the rest. We use secure digital platforms to ensure your financial data is protected while giving you a seamless tax-filing experience.
Personalized Tax-Saving Guidance
Along with filing your ITR-3, we offer professional guidance on tax-saving strategies tailored to your unique financial situation. This ensures you're maximizing deductions legally, reducing your taxable income, and minimizing your tax burden.
Dedicated Relationship Manager
At MEQUINTRAX, each client is assigned a personal tax advisor to assist with updates, documentation support, and to guide you through the entire ITR-3 filing process. You’ll always have the help you need, ensuring that you're never left in the dark.
