If you are one of the taxpayers whose income is from business, profession, futures and options (F&O), unlisted shares, or other sources, then there is necessary news for you. You can now file ITR-3 through the Income Tax Portal. The Income Tax Department has started the facility of online filing of ITR-3 form. The Income Tax Department announced on 30 July 2025 and said that taxpayers should pay attention! The ITR-3 form is now available for online filing.
Who can fill the ITR-3 form?
- ITR-3 for the assessment year 2025–26 (FY 2024–25) can be filled by those individuals or Hindu undivided families (HUF) whose income comes from sources below:
- Those who engage in business or profession
- Income from share trading or F&O
- Invested in unlisted equity shares
- Income as partner in firm
- Income from salary, pension, house property or other sources
- Income from abroad or foreign property
- Whose total income is more than ₹ 50 lakh
- Those who are not eligible to fill ITR-1, ITR-2 or ITR-4
Major changes in ITR-3 form
- Capital Gain reporting will now be in two parts – before and after 23 July 2024 and after
- Reporting of damage caused by share buyback will be valid only when dividend income is recorded in ‘other sources’ (effective from 1 October 2024)
- Reporting limit of property and liabilities increased from ₹ 50 lakh to ₹ 1 crore
- Section 44BBC added – Estimated tax arrangement on cruise operation
- Detailed reporting of cuttings like Section 80C, 10 (13A)
- It became mandatory to add code to TDS reporting
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