Archive · 30 Jul 2025
ITR-3 Online Filing Now Enabled With Key Updates
The Income Tax Department has made the ITR-3 form available online.
This form is designed for people with income from business, stock trading (like futures and options), and investments.
There have been changes to how capital gains are reported, and the form now has new sections for certain types of income.
People with income over a certain amount have to report their assets and liabilities.
It's like the government is updating the tax forms to make sure everyone is paying the right amount.
ITR-3 form now available online for taxpayers with specific income sources.
Form is for those with income from share trading, business, or investments in unlisted shares.
Key updates include revised capital gains reporting due to Finance Act, 2024 amendments.
Asset and liability disclosure threshold increased to total income exceeding Rs 1 crore.
Updates include Section 44BBC for cruise ship business and reporting of capital losses.
- Who
- Individuals and HUFs with business income, share trading income, or investments.
- What
- ITR-3 form now available online with updates for the assessment year 2025-26.
- When
- Online filing enabled recently, with updates effective for the assessment year 2025-26.
- Where
- India
- Why
- To facilitate tax filing and reflect changes in tax regulations.
- Form Name
- ITR-3
- Filing Method
- Online
- Target Taxpayers
- Business income, share trading, unlisted share investments
- Capital Gains Reporting
- Separate reporting pre and post July 23, 2024
- Asset Disclosure Threshold
- Income exceeding Rs 1 crore
- New Section
- 44BBC for cruise ship business
- Capital Loss Reporting
- Allowed for share buybacks