Everything you need to know about filing ITR Form 3

The Income Tax department has notified ITR form 3 to be filed by individuals and Hindu Undivided Family (HUF) having income from business or profession for the financial year 2025- 2026. This form is used for reporting income earned between April 1, 2024 and March 31, 2025.

This form is to be filed by an individual or a HUF who is having 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).

ITR-3 is allotted for individuals and HUFs involved in business or professions, requiring comprehensive account maintenance.

It is particularly relevant for professionals like doctors, lawyers, and chartered accountants, whose earnings are calculated based on actual business profits. It is also applicable to individuals earning a salary, rental income, capital gains, or any income from other sources along with your business or professional income according to a report by India Today.

However if a person is not a member of the HUF or doesn't have an income from a business, profession, or partnership firm. A different form is applicable to those individuals whose earnings come only from salary, rent, or interest.

PAN card, Aadhaar card and bank account details are the documents required while filing ITR-3.

A salaried individual will need a Form 16. Those who have made investments will require proof of those investments.

Those running a business must ensure their accounts are up-to date.

The form can be filed with the Income‐tax Department electronically on the e‐filing web portal of Income‐tax Department.

There are a number of deadlines for ITR-3. If an audit is not required, the last date to file is July 31, 2025, however if audit is required October 31, 2025 is the deadline.

Those who have international dealings will have time till November 30, 2025 to fill the form. If an individual miss it, you can file a late return by December 31, 2025.