Online Filing Of The Income Tax Return Form Number 3 Enabled, Says Income Tax Department

The Income Tax Department has enabled online filing of the Income Tax Return (ITR) form number 3(ITR-3). Those with Share trading income, like futures and options (F&O), business income, or even investment in unlisted shares, like the National Stock Exchange (NSE), can now file ITR-3 via the e-filing ITR portal.

Who Are Eligible To Fill This Form?

The following persons are eligible to fill this form:

The residential status can be either Non-resident or Resident(ROR/RNOR)

If a person is the director of the company.

Persons who had investments in unlisted equity shares at any time during the entire financial year.

Income from other sources

Income of a person who is a partner in a firm.

Income from salary or Pension

Income from House Property(one or more)

Total income can exceed 50 lakhs in this case.

Income earned from capital gains or foreign assets/foreign income.

Who has income under the head profits or gains of business or profession and who is not eligible to file Form ITR-1 (Sahaj), ITR-2, or ITR-4 (Sugam).

According to chartered accountant Abhishek Soni, co-founder, Tax2Win, ITR-3 is to be used by either an individual or a Hindu Undivided Family who are carrying on a business or profession.

The Income Tax Department said on July 30, 2025: “Kind Attention Taxpayers! Income Tax Return Form of ITR-3 is now enabled for filing through online mode.”

What Are The Key Updates For ITR-3

According to the Income Tax Department, Key updates for ITR-3 are:

Schedule-Capital Gain split for gains before/ after 23.07.2024 (post changes in Finance Act, 2024)

Capital loss on share buyback allowed if corresponding dividend income is shown as income from other sources (post 01.10.2024)

Asset & liability reporting limit raised to Rs 1 crore of total income

Reference of sec 44BBC (cruise biz) added

Enhanced reporting for deductions [80C,10(13A)] etc.

TDS section code to be reported in Schedule-TDS