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
