ITR 3 Form - Know Eligibility and How to File ITR 3 Online?

• Salary or pension income in addition to business or professional income.

• Income from house property (one or more properties).

• Capital gains, both short-term and long-term, including shares, mutual funds, property, and other assets.

• Income from other sources such as dividends, interest, winnings, freelancing, or consultancy.

• F&O trading income (Futures and Options) and intraday trading income.

• Remuneration received from a partnership firm (but not from a Limited Liability Partnership).

• Income from Virtual Digital Assets (VDAs) such as cryptocurrencies.

• Foreign income or assets that need to be disclosed.

Who is not Eligible to File ITR 3 in FY 2025-26 (AY 2026-27)?

The below-mentioned individuals and entities cannot file ITR-3:

• Companies, LLPs, partnership firms, trusts, or AOPs. ITR-3 is exclusively for individuals and HUFs.

• Individuals with only salary, house property, and other sources income (no business income). They should use ITR-1 (Sahaj) or ITR-2 depending on their income level.

• Individuals who are only partners in a firm but do not run a separate proprietary business. Partners whose sole business income comes from being a partner in a firm (with no other business/profession) should file ITR-2.

• Taxpayers eligible for presumptive taxation with total income up to Rs.50 lakh if conditions for ITR-4 (Sugam) are met, ITR-4 may be used instead of ITR-3.

• Partners in Limited Liability Partnerships (LLPs): Remuneration from an LLP does not qualify for ITR-3; such income is covered under ITR-2 or ITR-3 depending on whether the person has independent business income.

Due Date to File ITR-3 in FY 2025-26 (AY 2026-27) 

ITR 3 Form Structure FY 2025-26 (AY 2026-27)

Part A of ITR-3 form

Part A of the form is divided into the below-mentioned sections:

Schedules of ITR-3

The below-mentioned schedules must be entered in the ITR-3 Form:

Part B of ITR-3

The different sections that come under Part B are mentioned below: 

How to File ITR-3 Online for FY 2025-26 (AY 2026-27)?

Follow the process mentioned below to file returns with ITR 3 form:

• Visit the Income Tax e-filing portal and log in using your PAN as user ID and your password. If you do not have an account, register using your PAN and Aadhaar details.

• From the top menu, go to e-File.

• Select ‘Income Tax Return’.

• Choose ‘File Income Tax Return’.

• Select the Assessment Year 2026-27 and choose the Online mode of filing.

• Click ‘Start New Filing’ and choose your applicable taxpayer type (Individual or HUF).

• Select ITR-3 from the list of applicable forms. The portal may suggest the appropriate form based on your pre-filled profile data.

• Click ‘Let's Get Started’ and select your reason for filing (e.g., income above basic exemption limit, director in a company, holding foreign assets, etc.).

• On the General Information tab, verify your pre-filled details, select applicable schedules based on your income sources, and choose your tax regime (New or Old). If you have business income and wish to opt for the Old Regime, ensure you have filed Form 10IEA within the due date.

• Fill in all relevant schedules such as the salary, house property, business income (including the Balance Sheet, P&L, and Schedule BP), capital gains, and other sources. Upload Form 16, broker statements, or other supporting data as prompted.

• Enter tax payment details: TDS (pre-filled from Form 26AS/AIS), TCS credits, advance tax challans, and any self-assessment tax paid. Reconcile these with Form 26AS to avoid mismatches.

• Fill in any additional disclosures required such as Schedule AL (if total income exceeds Rs.50 lakh), Schedule FA (for foreign assets), Schedule VDA (for crypto/VDA transactions), and Schedule GST (for GST-registered taxpayers).

• Click ‘Proceed to Verification’. Review your return for any errors flagged by the system, correct them, and then pay any outstanding self-assessment tax. Click ‘Preview and Submit’ to review the complete return.

• Submit the return and e-verify it immediately using one of the following methods: Aadhaar OTP, net banking, demat account, bank ATM, or Digital Signature Certificate (DSC). Alternatively, you may verify within 30 days of filing by sending a signed physical ITR-V to CPC Bengaluru by ordinary post or speed post.

Documents Required to File ITR-3

The list of documents that are needed to file ITR-3 are mentioned below:

• Personal Details: PAN card, Aadhaar number, bank account details (for refund), contact number and email ID linked to PAN.

• Income from Salary: Form 16 (Part A & Part B) from all employers, salary slips, proof of HRA claim, LTA details.

• Business/Professional Income: Profit and Loss Account and Balance Sheet for FY 2025-26, books of accounts (if maintained), GST returns (GSTR-1, GSTR-3B), professional receipts, expense invoices, and audit report (Form 3CA/3CB & 3CD if audit applies).

• F&O/Intraday Trading: Broker-generated Profit & Loss statement, contract notes, turnover calculation statement.

• Capital Gains: Broker/mutual fund capital gains statement, property sale deed, stamp valuation report, cost of improvement records, Section 54/54EC investment proof.

• TDS and Tax Payments: Form 26AS, Annual Information Statement (AIS), advance tax challans, self-assessment tax challans.

• Deductions: Section 80C investment proofs (PPF, ELSS, life insurance premiums), Section 80D health insurance premiums, Section 80G donation receipts, home loan interest certificates (Section 24(b)), education loan interest certificate (Section 80E).

• Foreign Income and Assets: Details of foreign bank accounts, foreign property, overseas investments, and foreign tax paid (for Schedule FA, FSI, TR).

• Virtual Digital Assets: Transaction history from crypto exchanges, cost of acquisition records, dates of purchase and sale.