The Income tax Department has enabled online filing for ITR-3 on its e-filing portal for Assessment Year 2025-26 (Financial Year 2024-25), easing return submissions for individuals with income from share trading (including F&O), business ventures, and investments in unlisted shares.
The department announced on 30.07.2025: “Kind Attention Taxpayers! Income tax Return Form of ITR-3 is now enabled for filing through online mode.”
Who should file ITR-3
According to Central Board of Direct Taxes (CBDT) ITR-3 is meant for individuals or Hindu Undivided Families (HUFs) who earn income from business or professional activities. Thus, ITR-3 is filed by those having Business income and are:
- Company directors
- Investors in unlisted equity shares
- Individuals with capital gains or foreign income
- Partners in firms
- Those earning above Rs. 50 lakh, also having business income.
- Residents and non-residents with multiple income sources
- Individual with salary, property income, or person
- Business professionals ineligible for ITR-1, ITR-2, or ITR-4
Key updates in ITR-3 for AY 2025-26
A CA quoted by ET listed out few major changes to note while filing ITR-3 for AY 2025-26. They are-
- Mandatory selection for Form 10-IEA (new tax regime confirmation)
- Revised capital gains reporting, including split disclosures for gains pre-and post-July 23, 2024
- Separate indexation disclosures for resident taxpayers
- Higher reporting threshold for assets and liabilities (Rs. 1 crore and above)
- Inclusion of Section 44BBC (applicable to cruise operations)
- Details reporting of dividend Income
- Specific treatment of capital loss share buybacks
Additionally, filers must now provide more granular disclosures on TDS sections and deductions.
Source: The Times of India
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