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yesterday

Income Tax Department Enables ITR-3 Online Filing for AY 2025–26

The updated ITR-3 form embeds Finance Act, 2024 capital gains changes in a pre-filled online interface for business and professional taxpayers.

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ITR-3 filing announcement was made on 30 July 2025 through a public notice, and is now is now available on the department’s e-filing website.
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Overview

  • The e-filing portal now allows fully online ITR-3 submissions with pre-filled data for individuals and HUFs reporting profits and gains from business or profession.
  • Taxpayers must separate capital gains transactions at the July 23, 2024 cut-off to apply the new 12.5% LTCG and 20% STCG rates introduced by Finance Act, 2024.
  • Filers with assets and liabilities exceeding ₹1 crore must provide detailed disclosures and confirm their new tax regime choice via Form 10-IEA.
  • Non-audit ITR-3 returns are due by September 15, 2025, while audited cases must be filed by October 31, with audit reports submitted by September 30.
  • The ITR-U facility now offers a 48-month window under Section 139(8A) for eligible taxpayers to correct past returns subject to tiered additional tax penalties.