Who Files ITR-3?
ITR-3 is designed for individuals and Hindu Undivided Families (HUFs) who have income from a business or profession. This includes those with income from house
property, salary, capital gains, and foreign income. If you run a business, this is likely your form.
Eligibility Demystified
If your income includes profits and gains from a profession or business, or if you're a partner in a firm, ITR-3 is your go-to form. It's also relevant if you hold shares in unlisted companies. Double-check these points to ensure you are following the guidelines.
Changes to Expect
While specific changes for AY 2025-26 aren't detailed in the provided context, always review the official income tax department's guidelines. They will outline any updates to schedules, disclosure requirements, or new fields. Stay updated!
Key Things to Note
Always keep your financial documents organized, including bank statements and income proof. Cross-check details thoroughly to make the filing process seamless. Consider professional advice if needed to ensure you're fully compliant with all the latest rules.
Filing Made Easy
Remember to e-verify your return after filing. Keep a copy of your filed ITR and acknowledgement for future reference. With careful planning, filing ITR-3 for AY 2025-26 (FY 2024-25) can be a smooth experience. Wishing you a successful filing season!
