ITR Filing 2025: What is ITR Form 3, check eligibility, documents and deadlines
The Income Tax Department has rolled out the ITR-3 form for the financial year 2024-25 (assessment year 2025–26) and is used for reporting income earned between April 1, 2024 and March 31, 2025.If you're an individual or part of a Hindu Undivided Family (HUF) running a business or working as a professional, say a doctor, lawyer, CA, or even a freelancer, this is the form you'll likely use to file your income tax return.This form covers those who earn from business or professional work and need to maintain proper books of accounts. You can also use it if you've got income from salary, house rent, capital gains, or other sources along with your business earnings.advertisementWHO CAN FILE ITR-3?You should file ITR-3 if you run a business or work as a self-employed professional, regardless of whether a tax audit is needed. It also applies if you're earning a salary, rental income, capital gains, or any income from other sources along with your business or professional income.
Even if you receive income as a partner in a firm, such as your share of profits or remuneration, this is the right form for you.WHO CANNOT FILE ITR-3?You can't use the ITR-3 form if you're not an individual or a member of a Hindu Undivided Family.It's also not for those who don't have income from a business, profession, or partnership firm. If your earnings come only from salary, rent, or interest, this isn't the right form for you.WHAT DOCUMENTS DO YOU NEED?advertisementTo file your ITR-3 smoothly, keep your PAN and Aadhaar cards ready, along with your bank account details.If you're salaried, you'll also need Form 16. For those who've made investments, having proof of those investments is important too.And if you're running a business or working professionally, make sure your books of accounts are up-to-date and available.WHAT'S THE LAST DATE TO FILE ITR-3?When it comes to ITR-3, the deadline varies. If you don't need an audit, the last date to file is July 31, 2025. If your accounts require auditing, you get time until October 31, 2025.In case you've had international dealings, your deadline goes further to November 30, 2025. And if you still miss it, you can file a late return by December 31, 2025.Trending Reel
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News18
28 minutes ago
- News18
Can I Change Tax Regime While Filing ITR? Check Comparison Of New Regime Vs Old Regime
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