CBDT Notifies Updated ITR-3 Applicable for AY 2025–26

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  • Last Updated on 3 May, 2025

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Updated ITR-3

Notification no. 41/2025, dated 30-04-2025

The Central Board of Direct Taxes (CBDT) has released the updated Income Tax Return Form ITR-3 for the Assessment Year 2025–26, applicable for reporting income earned during the Previous Year 2024–25 (i.e., from 1st April 2024 to 31st March 2025).

1. Applicability of ITR-3

ITR-3 is applicable to individuals and Hindu Undivided Families (HUFs) who –

  • Have income from business or profession (including those who do not opt for presumptive taxation schemes), and
  • May also have income from salary, house property, capital gains, or other sources, provided they are not eligible to file returns in ITR-1, ITR-2, or ITR-4.

2. Nature of Changes

While the overall structure and reporting framework of ITR-3 remain largely consistent with the previous version, the changes in the new form are primarily consequential in nature—intended to align with legislative amendments brought in through the Finance (No. 2) Act, 2024.

These updates include –

  • Incorporation of new reporting requirements, where applicable, based on revised provisions of the Income-tax Act.
  • Modifications in existing schedules or fields to reflect changes in tax treatment, exemptions, or deduction limits.
  • Additional disclosures, where mandated, to enhance transparency and facilitate automated processing and compliance verification.

3. Key Takeaways

  • Taxpayers using ITR-3 must ensure that they review the latest changes, especially if impacted by any Finance Act 2024 amendments.
  • It is advisable to consult a tax professional or refer to the detailed instructions released by CBDT for proper interpretation and accurate filing.
  • The updated form is now available for e-filing on the Income Tax portal, and taxpayers are encouraged to keep their documentation ready well in advance of the filing deadline.
Click Here To Read The Full Notification

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied