ITR-3 Explained: Eligibility, Due Date and Changes In Tax Rules 2025:

ITR-3 Explained: Eligibility, Due Date and Changes In Tax Rules 2025 India's Income Tax (IT) Department has seven income tax return (ITR) forms: ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 and ITR-7. However, ITR-3 is one of the most detailed forms out of these seven.

What is ITR-3 Form?

ITR-3 is especially for individuals and Hindu Undivided Families (HUFs) who earn income from business or profession and do not select the presumptive taxation scheme. Hindu Undivided Families who have income under the head 'profits and gains of business or profession' and are not eligible to file ITR-1 (Sahaj), ITR-2, or ITR-4 (Sugam).

Who is Eligible to File ITR-3 Form?

You are eligible to file ITR-3 if you are earning income from the following:

• Proprietorship businesses
• Freelance or consultancy work
• Multiple house properties
• Capital gains and dividends
• Salary or pension in addition to professional income

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Who is Not Eligible to Use ITR-3?

• Individuals or HUFs without business/professional income.
• LLPs, Companies and firms

Major Details Required in ITR-3:

• profit and loss statement of the business/profession
• Balance sheet details such as assets, liabilities, debtors, etc.
• Presumptive income details if selected under Sections 44AD/44ADA/44AE.
• Income from salary, house property, capital gains and other sources
• Taxes paid, advance tax, TDS/TCS details
• Foreign assets/income

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Income Tax Portal Update 2025: ITR-3 and ITR-4 Updated Returns Now Live

What's new in ITR-3 2025-26: Key changes and deadline

There are some significant updates that taxpayers should know (AY 2025-26): Deadline: Due date for filing ITR for non-audit ITRs is September 15, 2025. Capital gains cut-off Date: The Finance Act, 2024 has replaced the capital gains rules for shares and mutual funds obtained on or after July 23, 2024. Equity mutual funds and listed shares sold after July 23, 2024, will have higher LTCG of 12.5% and STCG of 20%. But those sold before this date will engage old rates of 10% LTCG and 15% STCG. Taxpayers should now individually report gains from assets sold before and after the July 23 cutoff date.