The Income Tax Return (ITR) Form 3 is designed for individuals and Hindu Undivided Families (HUFs) who have income under the head Profits or Gains of Business or Profession and are not eligible to file ITR-1, ITR-2, or ITR-4.This form is applicable for the Financial Year (FY) 2024–25 and the corresponding Assessment Year (AY) 2025–26.

Who Should File ITR-3?
ITR-3 is for:

👉 Individuals or Hindu Undivided Families (HUFs) who have:
1. Income from Business or Profession
Running a proprietorship business
Practicing a profession (doctor, lawyer, CA, architect, freelancer, etc.)

2. Income as a Partner in a Firm
Salary, commission, bonus, or interest from the partnership firm

3. Other Sources of Income like:
Salary or pension
Rent from house property
Capital gains (sale of shares, property)

Due Dates for Filing ITR-3 (AY 2025–26)
Category Due Date
No audit required 31st July 2025
Audit required under Section 44AB 31st October 2025 International/domestic specified
transactions (Transfer Pricing) 30th November 2025

What’s New in AY 2025–26?

1. Need to report cash receipts if using presumptive income (44AD/44ADA)
2. Separate section for income from online games
3. Report political donations in a new schedule
4. More reporting for deferred tax on ESOPs
5. Can now e-verify audit cases using EVC (no digital signature needed)