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 July 30, 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 for 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
- Individuals with salary, property income, or pension
- Business professionals ineligible for ITR-1, ITR-2, or ITR-4
Key updates in ITR-3 for AY 2025–26A 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)
- Detailed reporting of dividend income
- Specific treatment of capital loss on share buybacks
Additionally, filers must now provide more granular disclosures on TDS sections and deductions.
