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If you earn from trading, futures and options (F&O), unlisted shares or any other source, then this news is important for you. Because now you can fill the ITR-3 form online by directly visiting the Income Tax website. The Income Tax Department issued a notice on July 30, 2025 and informed that now the facility of online filing of ITR-3 form has been started.
The Income Tax Department has officially started the facility of filling the ITR-3 form online. After this decision, now those people who trade in the stock market (such as futures and options – F&O), do any business, or invest in unlisted shares (such as NSE shares) can now fill the ITR-3 form online by directly visiting the Income Tax website. The Income Tax Department has announced this today on 30th July.
What is ITR-3 form for?
ITR-3 form is applicable for individuals and HUFs who have profit or loss in business. This form is also special because it is known as a “comprehensive” or “master form” in which reporting of multiple types of income is possible at one place.
Who can fill ITR-3 form
- These forms income from share trading or F&O (speculative or non-speculative)
- Investment in Unlisted Equity Shares
- Income as a partner in a firm
- Income from salary, pension, house property or other sources
- Income from abroad or foreign assets
- Whose total income is more than ₹50 lakh
- Those who are not eligible to file ITR-1, ITR-2 or ITR-4
Key changes in ITR-3 for FY 2024-25
New Capital Gains Reporting
Now it has become mandatory to report short term and long term capital gains separately based on dates before and after July 23, 2024.
Reporting a Loss on Buyback
If there is a capital loss on share buyback and the corresponding dividend income is shown under “other sources”, the loss can be claimed.
Change in income limit
Now if the total annual income is more than Rs 1 crore (earlier this limit was Rs 50 lakh) then it will be necessary to provide details of assets and liabilities.
TDS Section Code Reporting
Now in Schedule-TDS, the section code for TDS deduction will have to be filled clearly.
Tax Regime Option (Form 10-IEA)
In this, the taxpayer will have to tell whether he had opted for the new tax regime last year or not and which option he wants to adopt this year.
Changes in capital gains reporting
Now capital exchanges before and after July 23, 2024 will have to be recorded separately.
Indexation information
If the land or building is sold before 23 July 2024, then the acquisition cost and improvement cost will have to be mentioned separately. At the same time, if the income is more than ₹ 1 crore, then it is necessary to give information about assets and liabilities.
New line of dividend income
Dividend income received from company buyback will need to be disclosed separately under Section 2(22)(f).
Reporting losses on share buybacks
A new line has been added in which taxpayers can show capital loss incurred due to company buyback.
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