The Income Tax Department announced on July 30, 2025, saying that taxpayers please note! ITR-3 form is now available for online filing.
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If you are one of those taxpayers whose income is from business, profession, futures and options (F&O), unlisted shares, or other sources, then there is important 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 July 30, 2025, saying that taxpayers please note! ITR-3 form is now available for online filing.
Who can fill ITR-3 form?
- ITR-3 for assessment year 2025–26 (FY 2024–25) can be filed by individuals or Hindu Undivided Families (HUFs) whose income comes from the below sources:
- Those who are engaged in business or profession
- Income from share trading or F&O (speculative or non-speculative)
- Investments in unlisted equity shares
- Income as a partner in a firm
- Income from salary, pension, house property or other sources
- Income from foreign countries or foreign assets
- Whose total income exceeds ₹50 lakh
- Who are not eligible to file ITR-1, ITR-2 or ITR-4
Kind Attention Taxpayers!
Income Tax Return Form of ITR-3 is now enabled for filing through online mode.
Visit: https://t.co/uv6KQUbXGv pic.twitter.com/DZufyUczTh
— Income Tax India (@IncomeTaxIndia) July 30, 2025
Major changes in ITR-3 form
- Capital gains reporting will now be done in two parts – as per before and after 23 July 2024
- Reporting of loss from share buyback will be valid only if the dividend income related to it is reported in ‘other sources’ (effective from 1 October 2024)
- Assets and liabilities reporting limit increased from ₹50 lakh to ₹1 crore
- Section 44BBC added – Presumptive tax regime on cruise operations
- Detailed reporting of deductions like section 80C, 10(13A)
- Addition of code made mandatory in reporting of TDS
As per the new tax regime, if your taxable income is ₹12 lakh per annum, then you no longer have to pay any income tax. Under the new tax regime, due to increased exemption under section 87A, individuals earning up to ₹12 lakh annually will have no tax liability.
