{"id":6561,"date":"2025-08-20T08:41:59","date_gmt":"2025-08-20T08:41:59","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/20\/income-tax-return-filing-2025-who-needs-to-file-itr-3-eligibility-key-features-updates-tax-news\/"},"modified":"2025-08-20T08:41:59","modified_gmt":"2025-08-20T08:41:59","slug":"income-tax-return-filing-2025-who-needs-to-file-itr-3-eligibility-key-features-updates-tax-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/20\/income-tax-return-filing-2025-who-needs-to-file-itr-3-eligibility-key-features-updates-tax-news\/","title":{"rendered":"Income Tax Return Filing 2025: Who Needs To File ITR-3? Eligibility, Key Features, Updates | Tax News"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div id=\"story-9516375\">\n<p><span class=\"jsx-730caffcddfd709\">Last Updated:<\/span><time class=\"jsx-730caffcddfd709\">August 20, 2025, 14:01 IST<\/time><\/p>\n<h2 id=\"asubttl-9516375\" class=\"jsx-4625396a04d15488 jsx-1593515962 asubttl-schema\">ITR-3 is one of the most detailed forms, meant for individuals and Hindu Undivided Families (HUFs) who have income from business or profession. Here&#8217;s all you need to know:<\/h2>\n<div class=\"jsx-f62078ffd315d67c artsharwrp\">\n<div id=\"artshare\" class=\"jsx-f62078ffd315d67c artshare\">\n<div class=\"jsx-f62078ffd315d67c stickdiv\">\n<div class=\"jsx-f62078ffd315d67c deskwrapstkdiv\">\n<div class=\"jsx-f62078ffd315d67c flwonstk\"><a href=\"https:\/\/news18.co\/gnps-en-btn\" target=\"_blank\" style=\"margin:0 12px 0 0\" class=\"jsx-f62078ffd315d67c\"><img decoding=\"async\" src=\"https:\/\/images.news18.com\/dlxczavtqcctuei\/news18\/static\/images\/english\/gogole-serarch-btn.svg\" width=\"94px\" height=\"30px\" style=\"vertical-align:top\" class=\"jsx-f62078ffd315d67c\"\/><\/a><\/div>\n<div class=\"jsx-f62078ffd315d67c fontchange\"><img decoding=\"async\" src=\"https:\/\/images.news18.com\/dlxczavtqcctuei\/news18\/static\/images\/english\/font.svg\" height=\"30px\" width=\"30px\" alt=\"font\" class=\"jsx-f62078ffd315d67c lazyload\"\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"jsx-4625396a04d15488 jsx-1593515962 amimg\"><img decoding=\"async\" alt=\"ITR Filing 2025.\" title=\"ITR Filing 2025.\" src=\"https:\/\/images.news18.com\/ibnlive\/uploads\/2021\/07\/1627283897_news18_logo-1200x800.jpg?impolicy=website&amp;width=400&amp;height=225\" loading=\"eager\" fetchpriority=\"high\" class=\"jsx-4625396a04d15488 jsx-1593515962\"\/><\/p>\n<p>ITR Filing 2025.<\/p>\n<\/figure>\n<p id=\"0\" class=\"story_para_0\"><strong>ITR Filing 2025:<\/strong> The income tax return (ITR) filing season is going on, and the deadline for non-audit ITRs is September 15, 2025. The income tax department has already enabled different income tax return (ITR) forms for various categories of taxpayers. Among these, ITR-3 is one of the most detailed forms, meant for individuals and Hindu Undivided Families (HUFs) who have income from business or profession. It covers taxpayers engaged in more than just salary or capital gains income.<\/p>\n<p id=\"1\" class=\"story_para_1\"><strong>Who should file ITR-3?<\/strong><\/p>\n<p id=\"2\" class=\"story_para_2\">ITR-3 is meant for individuals and Hindu Undivided Families (HUFs) who have income under the head \u201cprofits and gains of business or profession&#8221; and are not eligible to file ITR-1 (Sahaj), ITR-2, or ITR-4 (Sugam).<\/p>\n<p id=\"3\" class=\"story_para_3\">You need to file ITR-3 if you are:<\/p>\n<ul class=\"listOncontentArticleUL\">\n<li>An individual or HUF carrying on a business or profession (proprietorship, consultancy, freelancing, etc.).<\/li>\n<li>A partner in a firm and earning income from the partnership (other than salary\/commission, which goes in ITR-2).<\/li>\n<li>Earning income from presumptive taxation schemes (under Sections 44AD, 44ADA, or 44AE).<\/li>\n<li>Having income from house property, salary\/pension, or other sources along with business\/professional income, including F&amp;O trading.<\/li>\n<li>Earning capital gains along with business\/profession income.<\/li>\n<li>Having foreign assets or foreign income, provided you also have business\/profession income.<\/li>\n<\/ul>\n<p id=\"5\" class=\"story_para_5\"><strong>Who cannot use ITR-3?<\/strong><\/p>\n<ul class=\"listOncontentArticleUL\">\n<li>Companies, LLPs, and firms (they have separate forms like ITR-5, ITR-6, etc.).<\/li>\n<li>Individuals or HUFs without business\/professional income (they should file ITR-1 or ITR-2 depending on conditions).<\/li>\n<li>Key details required in ITR-3<\/li>\n<li>Profit and loss statement of the business\/profession<\/li>\n<li>Balance sheet details (assets, liabilities, debtors, creditors, etc.)<\/li>\n<li>Details of presumptive income if opted under Sections 44AD\/44ADA\/44AE<\/li>\n<li>Income from salary, house property, capital gains, and other sources<\/li>\n<li>Foreign assets\/income (if any)<\/li>\n<li>Taxes paid, advance tax, TDS\/TCS details<\/li>\n<\/ul>\n<p id=\"7\" class=\"story_para_7\"><strong>What\u2019s Updates in ITR-3 for AY 2025-26?<\/strong><\/p>\n<p id=\"8\" class=\"story_para_8\">For the assessment year (AY) 2025-26 (i.e., for income earned in FY 2024-25), there are some important updates that taxpayers need to be aware of:<\/p>\n<p id=\"9\" class=\"story_para_9\"><strong>Capital Gains Cut-Off Date \u2013 July 23, 2024<\/strong><\/p>\n<p id=\"10\" class=\"story_para_10\">A notable change this year is related to capital gains reporting. The Finance Act, 2024, amended the capital gains rules for shares and mutual funds acquired on or after July 23, 2024. As per the amendment:<\/p>\n<p id=\"11\" class=\"story_para_11\">Equity mutual funds and listed shares sold on or after July 23, 2024, will have higher LTCG (12.5%) and STCG (20%). However, those sold before this date will attract old rates of 10% (LTCG) and 15% (STCG).<\/p>\n<p id=\"12\" class=\"story_para_12\">This change impacts the way taxpayers report Schedule CG (Capital Gains) in ITR-3. Taxpayers must now separately report gains from assets sold before and after the July 23 cut-off date.<\/p>\n<p id=\"13\" class=\"story_para_13\">This implies a split approach in reporting and calculating capital gains, and may require more detailed documentation for future filings.<\/p>\n<p id=\"14\" class=\"story_para_14\"><strong>Filing Deadline<\/strong><\/p>\n<p id=\"15\" class=\"story_para_15\">The due date to file ITR-3 for individuals and professionals not subject to tax audit is September 15, 2025.<\/p>\n<p id=\"16\" class=\"story_para_16\">For those whose accounts require audit under the Income Tax Act, the last date is October 31, 2025. However, audit needs to be submitted by September 30, 2025.<\/p>\n<p id=\"17\" class=\"story_para_17\">Taxpayers are advised not to wait until the last moment, especially given the complexity of this year\u2019s disclosures related to capital gains.<\/p>\n<div class=\"jsx-95088aad1b3c53cd atawrap\">\n<div class=\"jsx-95088aad1b3c53cd atadetailwrp\">\n<div class=\"jsx-95088aad1b3c53cd ataname\"><span class=\"jsx-95088aad1b3c53cd atthumb\"><\/p>\n<figure class=\"jsx-95088aad1b3c53cd\"><img decoding=\"async\" alt=\"authorimg\" src=\"https:\/\/images.news18.com\/ibnlive\/uploads\/2025\/07\/WhatsApp-Image-2025-07-08-at-16.46.30-2025-07-4288ce65f2e878c717819ce8b60fc7c8.jpeg?impolicy=website&amp;width=60&amp;height=60\" class=\"jsx-95088aad1b3c53cd\"\/><\/figure>\n<p><\/span><\/p>\n<div class=\"jsx-95088aad1b3c53cd attitle\"><a href=\"https:\/\/www.news18.com\/byline\/mohammad-haris-21410.html\" class=\"jsx-95088aad1b3c53cd atamail\">Mohammad Haris<\/a><\/p>\n<p>Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h&#8230;<span class=\"jsx-95088aad1b3c53cd aurpdebtn\">Read More<\/span><\/p>\n<\/div>\n<\/div>\n<p>Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h&#8230;<!-- --> <span class=\"jsx-95088aad1b3c53cd aurpdebtn\">Read More<\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"jsx-4625396a04d15488 jsx-1593515962 artcta\">\n<div style=\"font-family:Inter;font-size:17px;line-height:28px\">\n<div style=\"font-family:Inter;font-size:17px;line-height:29px\">\n<div style=\"font-family:Inter;font-size:17px;line-height:28px\">\n<div style=\"font-family:Inter;font-size:17px;line-height:28px\">\n<div style=\"font-family:Inter;font-size:17px;line-height:29px\">\n<div style=\"font-family:Inter;font-size:17px;line-height:28px\"><span data-olk-copy-source=\"MessageBody\"><a href=\"https:\/\/news18.co\/gnps-en\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to add News18 as your preferred news source on Google, <\/span>Stay updated with all the latest business news, including\u00a0<a href=\"https:\/\/www.news18.com\/business\/markets\/\">market trends<\/a>,\u00a0<a href=\"https:\/\/www.news18.com\/topics\/stocks-to-watch\/\">stock updates<\/a>,\u00a0<a href=\"https:\/\/www.news18.com\/business\/tax\/\">tax<\/a>, IPO,\u00a0<a href=\"https:\/\/www.news18.com\/business\/banking-finance\/\">banking finance<\/a>, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates. Also <span data-olk-copy-source=\"MessageBody\">Download the\u00a0<a href=\"https:\/\/onelink.to\/eng-article-eop\">News18 App<\/a> to stay updated.<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"jsx-4625396a04d15488 jsx-1593515962 brdcrmb\"><a href=\"https:\/\/www.news18.com\/\">News<\/a>  <a href=\"https:\/\/www.news18.com\/business\/\">business<\/a> \u00bb  <a href=\"https:\/\/www.news18.com\/business\/tax\/\">tax<\/a>  <span class=\"brdout\"> Income Tax Return Filing 2025: Who Needs To File ITR-3? Eligibility, Key Features, Updates<\/span><\/div>\n<div id=\"coral-wrap\" class=\"jsx-ba4d8f086a12294f \">\n<div class=\"jsx-ba4d8f086a12294f coral-cont\">\n<div class=\"jsx-ba4d8f086a12294f coltoptxt\">Disclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our <a href=\"https:\/\/www.news18.com\/disclaimer\/\" class=\"jsx-ba4d8f086a12294f\">Terms of Use<\/a> and <a href=\"https:\/\/www.news18.com\/privacy_policy\/\" class=\"jsx-ba4d8f086a12294f\">Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\n<p><span class=\"jsx-4625396a04d15488 jsx-1593515962 rmbtn news18_read_more\">Read More<\/span><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.news18.com\/business\/tax\/income-tax-return-filing-2025-who-needs-to-file-itr-3-eligibility-key-features-updates-ws-l-9516375.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last Updated:August 20, 2025, 14:01 IST ITR-3 is one of the most detailed forms, meant for individuals and Hindu Undivided Families (HUFs) who have income from business or profession. Here&#8217;s all you need to know: ITR Filing 2025. ITR Filing 2025: The income tax return (ITR) filing season is going on, and the deadline for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":3995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-6561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/6561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=6561"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/6561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/3995"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=6561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=6561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=6561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}