Income tax return (India)

Secondly, the Form is downloaded, printed, signed, and a copy of the acknowledgement is sent by post to the Income Tax Department's office in Bengaluru.

ITRV can now be verified online using Unique Identification Authority of India Aadhaar Card or Electronic Verification Code (EVC).

The EVC can be generated either via One Time Password sent to email and registered mobile number (if income is less than INR 500,000) or via Net Banking.

After online verification Income Tax Assesses is not required to send ITRV to Bangalore CPC.

This is subject to change only if a directive to this effect is issued by the Income Tax Department or the Ministry of Finance, India.

A difference of earnings in even one category makes the Assessee liable to fill a separate and applicable Income Tax Returns Form.

Electronic Filing of their Tax Returns is the only way to file the income tax return for the Individual and HUFs The ITR-3 Form particularly applies to Individuals and Hindu Undivided Families (HUF) having income under the head profits or gains of business or profession and who is not eligible for filling ITR-1, ITR-2 or ITR-4.

The eligibility criteria of every Income Tax Return form are governed by a set of rules and conditions.

Individuals and Hindu Undivided Families who are not eligible to fill the ITR-3 Form are those who have earned Income through a Business or Profession operated as a Proprietorship firm.