The ITR Form 3 can be used for filing an income tax return by individuals or Hindu Undivided Families (HUFs) who meet the following eligibility criteria:

• Directorship: The taxpayer is a director of a company or is engaged in a business.
• Residential Status: The taxpayer's residential status can be either resident or non-resident of India.
• Pension Income: The taxpayer is receiving income from a pension.
• House Property Income: The taxpayer is earning income from house property.
• Investments in Unlisted Equity Shares: The taxpayer has investments in unlisted equity shares.
• Income Under 'Profits and Gains of Business or Profession: The taxpayer's income is taxable under the category of 'profits and gains of business or profession.' This can include income elements such as salary, interest, commission, bonus, or remuneration.

Additionally, taxpayers can use the ITR Form 3 if their total income includes the following:

• Income from a single-house property or multiple-house property.
• Income from activities like lotteries, betting on races, and other legal forms of gambling as per Indian law.
• Income from short-term or long-term capital gains.
• Income earned from a business or profession conducted under a proprietorship firm owned by the individual or a Hindu Undivided Family (HUF).
• Income earned from foreign assets.

Meeting these eligibility criteria allows individuals and HUFs to use the ITR Form 3 for filing their income tax returns, provided that their income falls into the specified categories mentioned above.

An individual or Hindu Undivided Family (HUF) earning income as a partner of a partnership firm engaged in a business or profession is not eligible to file ITR-3. In such cases, they should file ITR-2 instead.

The due date for filing the ITR-3 form, which is the income tax return, varies depending on whether the case is an audit case or a non-audit case for different assessment years:

• For Assessment Year 2023-24:
• Non-audit Cases: The due date is July 31, 2023
• Audit Cases: The due date is October 31, 2023
• These dates are subject to change by the income tax authorities, so it's essential to stay updated with any revisions or extensions of the due dates.

• PAN (Permanent Account Number)
• Aadhaar Card
• Bank account details (account number and IFSC code)
• Form 16, if applicable (for salaried individuals)
• Details of your investments
• Books of accounts (if you have a business or professional income)
• Having these documents ready will make the ITR filing process smoother and more efficient.