The Income Tax Department has announced the online filing of ITR Form Number 3, benefiting taxpayers with various income sources.
The Income Tax Department has officially enabled the online filing of ITR Form Number 3. This development is particularly significant for taxpayers who derive income from business activities, share trading, or investments in unlisted shares.
With the introduction of this online filing option, taxpayers can now conveniently submit their ITR-3 through the e-filing portal. This move aims to streamline the tax filing process and enhance accessibility for individuals and businesses alike.
Taxpayers who fall under this category are encouraged to take advantage of the new system, which is designed to simplify the filing experience. The online platform not only facilitates easier submission but also allows for quicker processing of tax returns.
The ITR-3 form is specifically tailored for individuals and Hindu Undivided Families (HUFs) who have income from a business or profession. It is also applicable to those who earn income from capital gains, particularly from share trading and investments in unlisted shares.
As the tax season approaches, the Income Tax Department’s initiative to enable online filing is expected to significantly reduce the burden on taxpayers. This enhancement aligns with the government’s broader efforts to digitize tax processes and improve overall efficiency in tax administration.
Taxpayers are advised to visit the official e-filing portal to access the new ITR-3 form and to ensure they meet all necessary requirements for filing. This development marks a positive step towards making tax compliance more user-friendly and accessible for all.
According to NDTV, the online filing option is part of the department’s ongoing commitment to modernize tax services and provide taxpayers with the tools they need for efficient filing.
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