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Step-by-Step Guide to File ITR 3 Online for AY 2025-26

ITR 3 Form Filing Online

The ITR-3 Form can be filed by those Individuals and Hindu Undivided Families who earn income from a Proprietary business or by practising his/her profession. However, when an individual/HUF earns income as a partner of a partnership firm that is carrying out business/profession, he can file an ITR-3.

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    Who is Not Eligible to File the ITR-3 Form?

    Individuals and HUF who don’t have income from business and profession.

    When Should ITR 3 be Filed?


    What is the Due Date for Filing ITR 3 Form?

    The due date for filing an income tax return is as follows for individuals and businesses:

    Annual YearFor Non-audit CasesFor Audit Cases
    AY 2025-2631st July 202531st October 2025
    AY 2024-2531st July 202431st October 2024 (Revised till 15th November 2024, Read Circular)
    AY 2023-2431st July 202331st October 2023

    What are the Different Methods of Filing ITR-3 Form?

    There are the following three methods for filing the Income Tax Return ITR-3 Form:

    Read Also: Complete Process of Filing ITR 1 Online

    How an Acknowledgement in ITR-V is Filed Out?

    After furnishing all the necessary details, the assessee should print out two copies of Form ITR-V (verification). One copy of ITR-V, properly signed by the assessee, has to be posted to Post Bag No. 1, Electronic City Office, Bengaluru–560100 (Karnataka). The other copy can be held back by the assessee for his record.


    Step by Step Process to File ITR 3 Online for AY 2025-26

    Part A – GEN General

    A. Personal Information

    B. Filing Status

    • (a.1) Filed u/s
      • 139(1)- On or Before the due date
      • 139(4)- After due date
      • 139(5)- Revised Return
      • 92CD-Modified return
      • 119(2)(b)- after Condonation of delay
    • (a.2) Or Filed in response to notice u/s
      • 139(9)
      • 142(1)
      • 148
      • 153C
    • (b) Method of opting out of the new tax regime (if applicable) for the current AY:
      • By filing 10IEA (having income from business or profession) (Answer set A)
      • By exercising the option in the return of income only (Form 10iea is not applicable (Answer set B)
    • Set (A)
      • Have you exercised the option u/s 115BAC(6) of Opting out of the new tax regime in Form 10-IEA in AY 2024-25?
      • (a) Yes (If ‘Yes’, please furnish date of filing and Acknowledgement number of Form 10-IEA for AY 2024-25)
        • (a1) Do you wish to continue to opt out of the New Tax Regime for the current assessment year? Yes or No
          • (If ‘No’, please furnish date of filing and Acknowledgement number of Form 10-IEA for AY 2025-26)
      • (b) No (Please select ‘No’, even if Form 10IEA was filed after the due date for AY 2024-25)
        • (b1) Do you wish to opt out of the New Tax Regime for the current assessment year? Yes or No
          • (If ‘Yes’, please furnish date of filing and Acknowledgement number of Form 10-IEA for AY 2025-26)
      • (c) Not Applicable (Return was filed in ITR 1/ ITR 2 / ITR 3 without requirement of Form 10-IEA) for AY 2024-25
        • (c1) Do you wish to opt out of the New Tax Regime for the current assessment year? Yes or No
          • (If ‘Yes’, please furnish date of filing and Acknowledgement number of Form 10-IEA for AY 2025-26)
    • Set (B)
      • Do you wish to exercise the option u/s 115BAC(6) of Opting out of new tax regime? (default is “No”) Yes or No
        • Note-Option under section 115BAC(6) should be exercised in Form 10IEA on or before the due date for filing return u/s 139(1)
    • (c) Are you filing a return of income under the seventh proviso to Section 139(1) but otherwise not required to furnish a return of income? (Tick) Yes or No (If yes, please furnish the following information)
      • [Note: To be filled only if a person is not required to furnish a return of income under section 139(1) but filing return of income due to fulfilling one or more conditions mentioned in the seventh proviso to section 139(1)]
        • c (i) Have you deposited amount or aggregate of amounts exceeding Rs. 1 Crore in one or more current account during the previous year? (Yes/No)
        • c (ii) Have you incurred expenditure of an amount or aggregate of amounts exceeding Rs. 2 lakhs for travel to a foreign country for yourself or for any other person? (Yes/No)
        • c (iii) Have you incurred expenditure of an amount or an aggregate of amounts exceeding Rs. 1 lakh on the consumption of electricity during the previous year? (Yes/No)
        • c (iv) Are you required to file a return as per other conditions prescribed under clause (iv) of seventh proviso to section 139(1) (If yes, please select the relevant condition from the drop-down menu)
    • (d) If revised/Defective/Modified, then enter the Receipt No. and Date of filing original return (DD/MM/YYYY)
    • (e) If filed, in response to a notice u/s 139(9)/142(1)/148 or order u/s 119(2)(b), enter Unique Number/Document Identification Number and date of such notice/order, or if filed u/s 92CD enter date of advance pricing agreement
    • (f) Residential Status in India (for individuals)
      • A. Resident
      • B. Resident but not Ordinarily Resident
      • C. Non-resident
    • Residential Status in India (for HUF)
      • A. Resident
      • B. Resident but not Ordinarily Resident
      • C. Non-resident
    • (g) Do you want to claim the benefit under section 115H? (applicable in case of resident)
    • (h) Are you governed by Portuguese Civil Code as per section 5A? Tick) Yes or No (If “YES” please fill Schedule 5A)
    • (i) Whether this return is being filed by a representative assessee? (Tick) Yes or No If yes, furnish following information-
      • Name of the representative assessee
      • Capacity of the Representative (drop down to be provided)
      • Address of the representative assessee
      • Permanent Account Number (PAN)/Aadhaar No. of the representative assessee
    • (j) Whether you were Director in a company at any time during the previous year?
    • (k) Whether you are Partner in a firm?
    • (l) Whether you have held unlisted equity shares at any time during the previous year? (If yes, please furnish following information in respect of equity shares)
    • (m) In case of a non-resident, is there a permanent establishment (PE) in India?
    • (n) In the case of a non-resident, is there a Significant Economic Presence (SEP) in India (Tick)(Yes/No), please provide details of
      • (a) Aggregate of payments arising from the transaction or transactions during the previous year as referred to in Explanation 2A(a) to Section 9(1)(i)
      • (b) Number of users in India as referred in Explanation 2A(b) to Section 9(1)(i)
    • (o) Whether assessee is located in an International Financial Services Centre and derives income solely in convertible foreign exchange?
    • (p) Whether you are an FII / FPI? Yes/No If yes, please provide SEBI Regn. No
    • (q) Legal Entity Identifier (LEI) details (mandatory if refund is 50 Crores or more)
      • LEI Number
      • Valid upto date

    C. Audit Information

    Nature of Business: Nature of business or profession, if more than one business or profession, indicate the three main activities/ products (other than those declaring income under sections 44ad, 44ada and 44ae)

    Part A-BS: Balance sheet as on the 31st day of March 2025 of the proprietory business or profession

    A. Sources of Funds

    B. Application of Funds

    C. No Account Case: In a case where regular books of account of business or profession are not maintained –

    Part A Manufacturing Account:  Manufacturing Account for the financial year 2024-25:

    Part A Trading Account: Trading Account for the financial year 2024-25:

    Credits to Trading Account:

    Debits to Trading Account:

    Part A-P& L:  Profit and Loss Account for the financial year 2024-25

    Credits to Profit and Loss Account:

    Debits to Profit and Loss Account:

    Provisions Provision for Tax and Appropriations:

    Presumptive Income Cases:

    No Account Case

    Part A- OI Other Information

    Part A – QD Quantitative Details:

    Schedules to the Return Form (Fill as Applicable)

    Schedule S: Details of Income from Salary

    Salaries

    Schedule HP: Details of Income from House Property

    Note:

    Schedule BP: Computation of income from business or profession

    (A) From business or profession other than speculative business and specified business:

    B Computation of income from speculative business:

    C Computation of income from the specified business under section 35AD1

    D. Income chargeable under the head ‘Profits and gains from business or profession’ (A38 + B43 + C49)

    E. Intra headset off of the business loss of the current year

    Schedule DPM:  Depreciation on Plant and Machinery (Other than assets on which full capital expenditure is allowable as a deduction under any other section):

    Schedule DOA: Depreciation on other assets (Other than assets on which full capital expenditure is allowable as a deduction)

    Schedule DEP: Summary of depreciation on assets (Other than assets on which full capital expenditure is allowable as a deduction under any other section)

    Schedule DCG: Deemed Capital Gains on sale of depreciable assets

    Schedule ESR: Expenditure on scientific Research etc. (Deduction under section 35 or 35CCC or 35CCD)

    Schedule CG: Capital Gains

    A.  Short-term Capital Gains (STCG):  (Sub-items 4 and 5 are not applicable for residents) Short-term Capital Gains

    B Long-term capital gain (LTCG)

    Note: Furnishing of PAN/Aadhaar No. is mandatory if the tax is deducted under section 194-IA or is quoted by the buyer in the documents. In case of more than one buyer, please indicate the respective percentage share and amount.

    Schedule 112A: From sale of equity share in a company or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112A

    Schedule 115AD(1)(b)(iii) proviso: For NON-RESIDENTS – From sale of equity share in a company or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112A

    Schedule VDA: Income from transfer of virtual digital assets

    Schedule OS: Income from other sources

    Schedule CYLA: Details of Income after set-off of current year’s losses

    Schedule BFLA: Details of Income after Set off of Brought Forward Losses of earlier years

    Schedule CFL: Details of Losses to be carried forward to future years

    Schedule UD: Unabsorbed depreciation and allowance under section 35(4)

    Schedule ICDS: Effect of Income Computation Disclosure Standards on profit

    Schedule 10AA:  Deduction under section 10AA

    Schedule 80G: Details of donations entitled for deduction under section 80G

    Schedule 80GGA: (applicable in the case of a partner of firm deriving only profit from the firm)

    Schedule 80GGC: Details of contributions made to political parties

    Schedule 80DD: Details of deduction in respect of maintenance including medical treatment of a dependent who is a person with disability

    Schedule 80U: Details of deduction in case of a person with disabilit

    Schedule RA:  Details of donations to research associations etc. [deduction under sections 35(1)(ii) or 35(1)(iia) or 35(1)(iii) or 35(2AA)]

    Schedule 80-IA

    Schedule 80-IB: Deductions under section 80-IB

    Schedule 80-IE: Deductions under section 80-IC or 80-IE

    Schedule VI-A: Deductions under Chapter VI-A

    Schedule AMT:  Computation of Alternate Minimum Tax payable under section 115JC

    Schedule AMTC:  Computation of tax credit under section 115JD

    Schedule SPI: Income of specified persons (spouse, minor child etc.) includable in the income of the assessee as per section 64

    Schedule SI:  Income chargeable to tax at special rates (please see instructions No. 7 for rate of tax)

    Schedule IF: Information regarding partnership firms in which you are partner

    Schedule EI: Details of Exempt Income (Income not to be included in Total Income or not chargeable to tax)

    Schedule PTI: Pass Through Income details from business trust or investment fund as per section 115UA, 115UB

    Schedule- TPSA: Details of Tax on secondary adjustments as per section 92CE(2A)

    Schedule FSI: Details of Income from outside India and tax relief

    Schedule TR: Summary of tax relief claimed for taxes paid outside India

    Schedule FA: Details of Foreign Assets and Income from any source outside India

    Note: Please refer to instructions for filling out this schedule. In case of an individual, not being an Indian citizen, who is in India on a business, employment or student visa, an asset acquired during any previous year in which he was non-resident is not mandatory to be reported in this schedule if no income is derived from that asset during the current previous year.

    Schedule 5A:  Information regarding apportionment of income between spouses governed by Portuguese Civil Code

    Schedule AL:  Assets and Liabilities at the end of the year (other than those included in Part A- BS) (applicable in a case where total income exceeds Rs. 1 crore)

    Schedule GST:  INFORMATION REGARDING TURNOVER/GROSS RECEIPT REPORTED FOR GST


    Schedule: Tax Deferred on ESOP

    Part B – TI Computation of total income

    Part B – TTI Computation of tax liability on total income

    Verification

    I, __________________________son/ daughter of solemnly declare that to the best of my knowledge and belief, the information given in the return and schedules thereto is correct and complete and is in accordance with the provisions of the Income-tax Act, 1961. I further declare that I am making returns in my capacity as ___________ (drop down to be provided) and I am also competent to make this return and verify it. I am holding permanent account number (if allotted) (Please see instruction). I further declare that the critical assumptions specified in the agreement have been satisfied and all the terms and conditions of the agreement have been complied with. (Applicable in a case where the return is furnished under section 92CD)

    Date: Sign here:

    Recommended: Penalty Provisions If Not File Income Tax Returns for Current FY

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