Opting for this saves you a lot of time and hassle with manual entries. This OTP verification is to capture all your personal information and income details in your income tax return with maximum security of your data. To allow us to pre-fill your information from the income tax department, complete another OTP verification. You can verify OTP by selecting ‘Aadhaar registered mobile number’ or ‘IT Department registered mobile number’. The linking shall complete when you do an OTP verification. Link your PAN by entering ‘PAN Card Number’ and ‘Date of Birth’.

Step 3: Clear (previously ClearTax) allows you to access data from the income tax department and pre-fill information for preparing an income tax return. To begin ITR filing, click on the ‘Start Filing’ link. Login to your ClearTax account ( You can file ITR yourself in a few simple steps. Before we get started, you should have the following documents at hand to pace up the process: Here is a guide on filing ITR-3 if you have income from business or profession, intra-day trading or Futures and Options (F&O) trading. You can file your income tax return (ITR) on the ClearTax platform.

ITR e-Filing – Login & Required Documents How to File ITR-3? – Steps to e-File Your ITR-3 Turnover and income from intraday trading must be reported under the newly introduced section ‘Trading Account’.According to the new ITR-3 form, advances received from individuals specified in Sec 40A(2)(b) of the Income Tax Act and others must be reported under the ‘Advances’ heading in Source of Funds. There has been a small change in balance sheet reporting.Foreign institutional investors (FII/FPI) must provide their SEBI registration number as an additional disclosure measure.A few questions have been added in the new ITR 3 form to determine if you had opted out of the New Tax Regime in previous years.In the new ITR-3 every VDA transaction will have to be reported along with the dates of sale and purchase. If you treat income from VDAs as capital gains, a quarterly breakup will need to be given under the Capital Gains Schedule. A new schedule VDA has been added to separately report your income from crypto/ other VDAs.Major Changes in ITR 3 form for AY 2023-24īelow changes are incorporated in the ITR-3 form of the FY 2022-23: The return may include income from house property, salary/pension, capital gains and income from other sources.Carrying on a business or profession (both tax audit and non-audit cases).The persons having income from following sources are eligible to file ITR-3 : Who can file ITR-3 Form? The ITR-3 is applicable for individual and HUF who have income from profits and gains from business or profession.

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