Download Income Tax Return (ITR) 3 for AY 2013-14(FY 2012-13)

Download Income Tax Return (ITR) 3 for assessment year 2013-2014 i.e. FY 2012-13. ITR 3 is applicable to an individual or an Hindu Undivided Family who is a partner in a firm and where income chargeable to income-tax under the head “Profits or gains of business or profession” does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm. In case a partner in the firm does not have any income from the firm by way of interest, salary, etc. and has only exempt income by way of share in the profit of the firm, he shall use this form only and not Form ITR-3. This ITR 3 Return Form should not be used by an individual whose total income for the assessment year 2013-14 includes Income from Business or Profession under any proprietorship.

 1.  Assessment Year for which this Return Form is applicable

This Return Form is applicable for assessment year 2013-2014 only, i.e., it relates to income earned in Financial Year 2012-13.

 2.   Who can use this Return Form?

This Return Form is to be used by an individual or an Hindu Undivided Family who is a partner in a firm and where income chargeable to income-tax under the head “Profits or gains of business or profession” does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm. In case a partner in the firm does not have any income from the firm by way of interest, salary, etc. and has only exempt income by way of share in the profit of the firm, he shall use this form only and not Form ITR-2.

 3.   Who cannot use this Return Form?

This Return Form should not be used by an individual whose total income for the assessment year 2013-14 includes Income from Business or Profession under any proprietorship.

4.   Obligation to file return

Every individual whose total income before allowing deductions under Chapter VI-A of the Income-tax Act, exceeds the maximum amount which is not chargeable to income tax is obligated to furnish his return of income. The maximum amount not chargeable to income tax in case of different categories of individuals is as follows:-

Sl.No.CategoryAmount (in Rs.)
i.In case of individuals below the age of 60 years2,00,000
ii.In case of individuals who are of the age of 60 years or more but less than eighty years at any time during the financial year 2012-13.2,50,000
iii.In case of individuals who are of the age of 80 years or more at any time during the financial year 2012-13.5,00,000

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