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<h1>Income Tax Return ITR-3: filing rules for individuals/HUFs with business or professional income and audit/disclosure obligations.</h1> Form ITR-3 is the income tax return for individuals and HUFs with business or professional income; it prescribes filing categories, method for opting in/out of the new tax regime (Form 10 IEA), residential status and DTAA disclosures, conditions that mandate filing under the seventh proviso to section 139(1), and flags reporting requirements such as large deposits, foreign travel, and audit or tax audit liability.
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