The Income Tax Department has released the Income Tax Return (ITR) utility new codes under "Nature of Business/Profession" to improve developing sectors and activities.
Vanshika verma | Jul 22, 2025 |
ITR-3 Utility Updated: New codes added Under “Nature of Business/Profession”
The Income Tax Department has released the Income Tax Return (ITR) utility new codes under “Nature of Business/Profession” to improve developing sectors and activities. Important additions are the following:
The Income Tax Return (ITR) added by advising Taxpayers and experts must choose the right business/profession code while filing ITR to ensure correct classification of income for AY 2025-26. Avoid notices and surveys due to mismatched data and provide smooth ITR processing by the Income Tax Department. By Selecting the appropriate code, it will ensure the following:
The ITR-3 form is used by individuals and HUFs who have income from business or profession. This also includes freelancers, professionals, and partners in a firm (but not LLP owners). Following are eligible to file ITR-3:
New ‘Nature of Business/Profession’ codes are as follows:
| Sector | Sub-sector | Code |
| Wholesale / Retail Trade | Commission agents- Kachcha Arahita | 09029 |
| Profession | Social Media Influencers | 16021 |
| Other Services | Speculative trading | 21009 |
| Other Services | Futures and Options trading | 21010 |
| Other Services | Buying and Selling Shares | 21011 |
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