Option 1 states that recommendation of the President is not required for the introduction of Bills and for moving amendments relating to financial matters. This means that the President does not need to provide a recommendation for bills or amendments involving financial matters.

Option 2 states that recommendation of the President is not required for the introduction of a Bill relating to formation of new States or alteration of areas of existing States. This means that the President does not need to provide a recommendation for bills involving the creation of new states or the changing of boundaries of existing states.

Option 3 is the correct answer, as it states that recommendation of the President is not required for moving an amendment making provision for the reduction or abolition of any tax. This means that the President`s recommendation is not necessary for amendments that aim to decrease or eliminate taxes.

Option 4 states that recommendation of the President is not required for the introduction of a Bill or moving of an amendment affecting taxation in which States are interested. This means that the President does not need to provide a recommendation for bills or amendments affecting taxation that are of interest to the states.

Therefore, the correct answer is option 3, as it clearly states that the recommendation of the President is not required for moving an amendment making provision for the reduction or abolition of any tax.