ITR-3

GargeFilings: ITR-3 Filing Services

About GargeFilings: GargeFilings is a premier provider of tax and compliance services, dedicated to simplifying the tax filing process for individuals and businesses. Our team of experienced professionals offers comprehensive ITR-3 filing services, ensuring accurate and timely submission of your income tax return. We aim to make the tax filing process hassle-free, allowing you to focus on your financial planning and goals.

ITR-3 Filing Services: Income Tax Return (ITR) Form 3 is for individuals and Hindu Undivided Families (HUFs) who have income from business or profession. This form is suitable for individuals who operate a proprietorship or are in a partnership firm. GargeFilings provides end-to-end assistance in filing your ITR-3, ensuring compliance with the latest tax regulations and maximizing your eligible deductions.

Who Can File ITR-3:

• Individuals and HUFs: Resident individuals and HUFs with the following sources of income:
  • Income from a business or profession
  • Income from salary or pension
  • Income from multiple house properties
  • Capital gains from the sale of assets (mutual funds, stocks, property, etc.)
  • Income from other sources (interest, family pension, etc.)
  • Foreign income and foreign assets
  • Agricultural income

Required Documents for ITR-3 Filing: To facilitate a smooth and accurate filing process, GargeFilings requires the following documents from clients:

1. PAN Card: A copy of your Permanent Account Number (PAN) card.
2. Aadhaar Card: A copy of your Aadhaar card.
3. Form 16: Issued by your employer, this form details your salary income and tax deductions.
4. Form 16A/16B/16C: If applicable, these forms are for TDS on income other than salary, TDS on sale of property, and TDS on rent, respectively.
5. Profit and Loss Statement: Detailed profit and loss statement for the financial year.
6. Balance Sheet: Complete balance sheet for the financial year.
7. Audit Reports: If applicable, audit reports as required under section 44AB.
8. Bank Statements: Statements of all your business and personal bank accounts.
9. Investment Proofs: Documents for investments eligible for tax deductions under Section 80C, 80D, etc., such as LIC, PPF, NSC, ELSS, medical insurance, etc.
10. Home Loan Statement: If applicable, the interest certificate from the bank or financial institution for claiming deductions on home loan interest.
11. Rental Agreement and Rent Receipts: If you are claiming House Rent Allowance (HRA) exemption.
12. Interest Certificates: From banks and post offices for interest earned on savings accounts and fixed deposits.
13. Form 26AS: A consolidated tax statement available on the income tax department's website, which shows the amount of tax deducted and deposited with the government.
14. Capital Gains Statements: Details of capital gains from the sale of property, stocks, mutual funds, etc., including purchase and sale deeds, broker statements, etc.
15. Foreign Income and Assets Proof: Documents related to foreign income and ownership of foreign assets.
16. Agricultural Income Proof: If you have agricultural income, provide proof of income.
17. Other Income Proof: Documents related to any other sources of income, such as family pension, etc.

How GargeFilings Can Help:

• Consultation: Expert advice on the documentation and eligibility for deductions and exemptions.
• Document Collection and Verification: Assistance in gathering and verifying all necessary documents.
• Accurate Filing: Ensuring accurate data entry and computation of your tax liability.
• Maximizing Deductions: Identifying all possible deductions and exemptions to minimize your tax liability.
• Timely Submission: Ensuring your ITR is filed well before the due date to avoid penalties.
• Post-Filing Support: Assistance with any queries or issues that may arise after filing, including responses to notices from the Income Tax Department.

With GargeFilings, you can be assured of a seamless and accurate ITR-3 filing experience. Our commitment to professionalism and attention to detail ensures that your tax return is in full compliance with the latest regulations, maximizing your benefits and minimizing your stress. Trust GargeFilings to be your reliable partner in managing your tax obligations efficiently.