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For taxpayers whose income stems from a business, practicing a profession, futures and options (F&O), unlisted shares, or other sources, there is news of interest. You can now file ITR-3 through the income tax portal. The ITR-3 form can now be submitted online as the facility is available. The Income Tax Department issued a notification to taxpayers on July 30, 2025, announcing that the ITR-3 form is now accessible and can be filed online.

Who is eligible to fill out the ITR-3 form?  

For the assessment year 2025-26 (FY 2024-25), ITR-3 form can be filed by an Individual or by Hindu Undivided Families (HUFs) receiving income from the following sources:  

Profession or business activities,  

Income from trading in shares or F&O (whether speculative or non-speculative),  

Investments in shares of unlisted companies,  

Earnings as a partner in business,  

Salary, pension, income from house property or other income,  

Income from abroad or from foreign assets,  

Foreign income or assets,  

Total income exceeding 50 lakh rupees,  

Not eligible to fill ITR-1, ITR-2, ITR-4.  

Most important changes in ITR 3 form  

As of July 23, 2024, capital gains will be reported in two parts.  

As of October 1, 2024, the loss from share buyback can only be reported if the related dividend income was declared as 'other sources'.  

The limit for reporting assets and liabilities was raised from 50 lakhs to 1 crore.  

Section 44BBC was added concerning the presumptive tax system for cruise operations.  

Thorough reporting of deductions including: 80C and 10(13A)  

Mandatory addition of the reporting TDS violation code  

Tax regimes state if your income is 12 lakh a year then there is no tax owed.

As a result of the enhanced exemption limit available under section 87A, individuals earning upto ₹12 lakhs will not have any tax payable under the new tax regime.

 


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For taxpayers whose income stems from a business practicing a profession futures and options (F&O) unlisted shares or other sources there is news of interest. You can now file ITR-3 through the income tax portal. The ITR-3 form can now be submitted online as the facility is available. The Income Tax Department issued a notificati 2025 announcing that the ITR-3 form is now accessible and can be filed online. Who is eligible to fill out the ITR-3 form? For the assessment year 2025-26 (FY 2024-25) ITR-3 form can be filed by an Individual or by Hindu Undivided Families (HUFs) receiving income from the following sources: Profession or business activities Income from trading in shares or F&O (whether speculative or non-speculative) Investments in shares of unlisted companies Earnings as a partner in business salary pension income from house property or other income Income from abroad or from foreign assets Foreign income or assets Total income exceeding 50 lakh rupees Not eligible to fill ITR-1 ITR-2 ITR-4. Most important changes in ITR 3 form As of July 23 2024 capital gains will be reported in two parts. As of October 1 2024 the loss from share buyback can only be reported if the related dividend income was declared as 'other sources'. The limit for reporting assets and liabilities was raised from 50 lakhs to 1 crore. individuals earning upto ₹12 lakhs will not have any tax payable under the new tax regime.