The Income Tax Department announced on July 30, 2025, saying that taxpayers please note! ITR-3 form is now available for online filing.
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 engage in business or profession
- Income from share trading or F&O (speculative or non-speculative)
- Investment in Unlisted Equity Shares
- Income as a partner in a firm
- Income from salary, pension, house property or other sources
- Income from abroad or foreign assets
- Whose total income is more than ₹50 lakh
- Those 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
- Reporting of capital gains will now be done in two parts – before and after July 23, 2024
- Reporting of loss on share buyback will be valid only if the related dividend income is booked under ‘other sources’ (effective from October 1, 2024)
- Reporting limit of assets and liabilities increased from ₹50 lakh to ₹1 crore
- Section 44BBC inserted – Presumptive tax regime on cruise operations
- Detailed reporting of deductions like Section 80C, 10(13A)
- Adding code in TDS reporting became mandatory
According to 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 the increased exemption under section 87A, individuals earning up to ₹12 lakh annually will have no tax liability.
Most Read Articles:
- Rule Change from 1 August 2025: These 5 rules related to money will change from August 1! check all changes here
- 5 Days Working in Banks: Banks will work from Monday to Friday! Banks will remain closed for 2 days a week – the government said this
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
