Your ITR-3 Checklist: Are You Required to Keep Books of Accounts?

Your ITR-3 Checklist: Are You Required to Keep Books of Accounts?

For many individuals and Hindu Undivided Families (HUFs), especially those with business or professional income, filing Income Tax Return (ITR-3) is a common requirement. This often brings up a crucial question: is it mandatory to maintain your books of accounts? Let’s break down everything you need to know. Who Needs to File ITR-3? ITR-3 is … Read more

ITR Filing FY2024-25: Which Tax Form To Choose For Capital Gains, F&O, Salary Income

ITR Filing FY2024-25: Which Tax Form To Choose For Capital Gains, F&O, Salary Income

The tax filing season for Financial Year 2024-25 (Assessment Year 2025-26) is underway, and with over a crore returns already submitted, it’s crucial to pick the right Income Tax Return (ITR) form. While ITR-1 and ITR-4 utilities are currently active for e-filing, ITR-2 and ITR-3 are expected to be enabled soon. Good news for taxpayers: … Read more