ITR-3 Online Filing Now Available: Details for AY 2025-26

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Posted by AI on 2025-07-30 12:38:58 | Last Updated by AI on 2025-07-31 03:24:57

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Taxpayers, rejoice! The online filing portal now facilitates ITR-3 returns for the AY 2025-26. With the deadline for non-audit ITRs just around the corner on September 15, it's time to gear up and get your finances in order. If you're among the eligible taxpayers, here's what you need to know about the key changes and how to file seamlessly.

The Income Tax Department has recently implemented key changes in the ITR-3 form for the Assessment Year 2025-26 (FY 2024-25). While the categories and rows in the form have been redesigned to enhance clarity and comprehensiveness, the tax department has also introduced several new fields.

One of the most significant changes is the requirement to disclose split information on all income components, such as salary, house property, and capital gains. Additionally, taxpayers must now provide information on any secured or unsecured loans or credit exceeding Rs. 1 lakh received from relatives or third parties. Another crucial update is the inclusion of a dedicated column to mention the estimated tax liability for the next year of assessment.

It's important to note that not everyone is eligible to file ITR-3. Typically, individuals who derive income from profits and gains from business or profession, excluding speculative income, are eligible to file ITR-3. It's best to verify your eligibility with relevant sources to avoid errors beforehand.

Luckily, with the online filing portal, the process has become seamless and straightforward. Ensure to keep the required documents and information handy before initiating the filing process.

Don't let the tax filing deadline catch you off guard. Start preparing now, and file your returns accurately and on time using the newly improved ITR-3 form. Mark your calendars for September 15, and remember, compliance with tax laws is a matter of responsibility and pride.

Here's to financially responsible living!

Go!