Several changes have been made in the ITR forms for the assessment year- 2017-18 by the Income Tax Department of India.
Old ITR 4 form has been renamed as ITR 3 for a.y. 2017-18
It means taxpayers, who filed ITR 4 in the a.y. 2016-17, need to file ITR 3 for the assessment year 2017-18.
Another breaking news is ITR 3 form is changed again on 23rd June 2017
Who are eligible to file ITR 3 for AY 2017-18 ?
Individual and HUF having income from
Latest Changes in ITR 3 ?
Old ITR 4 form has been changed to ITR 3 in the beginning of the AY 2017-18.
Important news is ITR 3 changed again on 23rd June 2017. There is no official notice about this change in the official website of Income Tax Department. But if you try to e-file with previously downloaded ITR 3 form for AY 2017-18, you will see the error message.
The message starts with ' At line number 58:......................'
Take a look below to see the screenshot of the error message.
This happens because a new item added in ITR 3 and that is sec 92E. In the Audit information column of PART A general of ITR3, a new item 'Are you liable for audit u/s 92E' added.
Hope you have seen the above screenshot, now take a look below on the latest screenshot of this same page of ITR 3
Hope you have found the difference between two ITR 3 forms.
You need to 'select' yes/no option in the new column.
What is the solution ?
Solution is very simple, just go to the official Income Tax efiling portal and download the latest ITR 3 form.
You may also Click here to download ITRs directly from official website.
Old ITR 4 form has been renamed as ITR 3 for a.y. 2017-18
It means taxpayers, who filed ITR 4 in the a.y. 2016-17, need to file ITR 3 for the assessment year 2017-18.
 |
| Single click to see the clear image |
Another breaking news is ITR 3 form is changed again on 23rd June 2017
Who are eligible to file ITR 3 for AY 2017-18 ?
Individual and HUF having income from
- A proprietory Business or Profession or
- House property/salary/pension or income from other sources ( where salary/pension is the only income source, in that case ITR 1 has to be filed instead of ITR 3 )
Latest Changes in ITR 3 ?
Old ITR 4 form has been changed to ITR 3 in the beginning of the AY 2017-18.
Important news is ITR 3 changed again on 23rd June 2017. There is no official notice about this change in the official website of Income Tax Department. But if you try to e-file with previously downloaded ITR 3 form for AY 2017-18, you will see the error message.
The message starts with ' At line number 58:......................'
Take a look below to see the screenshot of the error message.
 |
| This error message will be appeared if you will try to e-file with previously downloaded ITR 3 for AY 2017-18 (single click to see the clear image) |
This happens because a new item added in ITR 3 and that is sec 92E. In the Audit information column of PART A general of ITR3, a new item 'Are you liable for audit u/s 92E' added.
 |
| Audit information in Part A General of Old ITR 3 for AY 2017-18 (Single click to see the clear image) |
Hope you have seen the above screenshot, now take a look below on the latest screenshot of this same page of ITR 3
 |
| Audit information in Part A General of new ITR 3 for AY 2017-18 (Single click to see the clear image) |
Hope you have found the difference between two ITR 3 forms.
You need to 'select' yes/no option in the new column.
What is the solution ?
Solution is very simple, just go to the official Income Tax efiling portal and download the latest ITR 3 form.
You may also Click here to download ITRs directly from official website.
0 Please Share a Your Opinion.: