ITR-3 AY 2026-27: New Changes, Who Can File, Last Date & How to File

What Changed in ITR-3 for FY 2025-26 (AY 2026-27)

• Before and after 23rd July 2024 reporting requirement for capital gains has been removed
• Addition of new field for reporting F&O turnover and income
• Additional disclosure for deductions under Sections 80G, 80GGC, 80DD and 80U
• Addition of Section 44BBD tax audit information

Who Can File ITR-3?

1. Individuals and HUFs
2. Carrying on business under presumptive scheme
3. Carrying on Profession
4. Income From Dividend/Interest
5. Income from freelancing or consultancy
6. Income from F&O Trading/Intraday/Share Trading
7. The return may include income from house property, salary/pension, capital gains, and other sources.
8. Remuneration received from a partnership firm (Not from LLPs)

Who Cannot File ITR-3?

1. No persons other than individuals & HUF are eligible to file ITR -3 Form.
2. Individuals & HUFs not having income by way of business or profession or partnership firm are not eligible to file the ITR-3 Form. 
3. In other words, any person who is eligible to file ITR-1, ITR-2 and ITR-4 is not eligible to file ITR-3.

Last Date to File ITR 3 for FY 2025-26 (AY 2026-27)

For non-audit cases, the due date  to file ITR-3 for FY 2025-26 (AY 2026-27) is 31st August 2026 and for accounts requiring audit, the due date is 31st October 2026.

What is the Structure of ITR-3?

• Part A
  1. Part A-GEN: General information and Nature of Business
  2. Part A-BS: Balance Sheet as of March 31, 2021, of the Proprietary Business or Profession
  3. Part A- Manufacturing Account: Manufacturing Account for the financial year 2020-21
  4. Part A- Trading Account: Trading Account for the financial year 2020-21
  5. Part A-P&L: Profit and Loss for the financial Year 2020-21
  6. Part A-OI: Other Information (optional in a case not liable for audit under Section 44AB)
  7. Part A-QD: Quantitative Details (optional in a case not liable for audit under Section 44AB)

After this, there are the following schedules.

• Schedule-S: Computation of income under the head Salaries.
• Schedule-HP: Computation of income under the head Income from House Property
• Schedule BP: Computation of income from business or profession
• Schedule-DPM: Computation of depreciation on plant and machinery under the Income-tax Act
• Schedule DOA: Computation of depreciation on other assets under the Income-tax Act
• Schedule DEP: Summary of depreciation on all the assets under the Income-tax Act
• Schedule DCG: Computation of deemed capital gains on the sale of depreciable assets
• Schedule ESR: Deduction under section 35 (expenditure on scientific research)
• Schedule-CG: Computation of income under the head Capital gains.
• Schedule 112A: Details of Capital Gains where section 112A is applicable
• Schedule 116AD(1)(b)(iii)Proviso: For Non-Residents Details of Capital Gains where section 112A is applicable.
• Schedule-OS: Computation of income under the head Income from other sources.
• Schedule-CYLA-BFLA: Statement of income after set off of current year’s losses and Statement of income after set off of unabsorbed loss brought forward from earlier years.
• Schedule-CYLA: Statement of income after set off of current year’s losses
• Schedule BFLA: Statement of income after set off of unabsorbed loss brought forward from earlier years.
• Schedule CFL: Statement of losses to be carried forward to future years.
• Schedule- UD: Statement of unabsorbed depreciation.
• Schedule ICDS – Effect of Income Computation Disclosure Standards on Profit
• Schedule- 10AA: Computation of deduction under section 10AA.
• Schedule 80G: Statement of donations entitled for deduction under section 80G.
• Schedule RA: Statement of donations to research associations etc. entitled for deduction under section 35(1)(ii) or 35(1)(iia) or 35(1)(iii) or 35(2AA)
• Schedule- 80IA: Computation of deduction under section 80IA.
• Schedule- 80IB: Computation of deduction under section 80IB.
• Schedule- 80IC/ 80-IE: Computation of deduction under section 80IC/ 80-IE.
• Schedule VI-A: Statement of deductions (from total income) under Chapter VIA.
• Schedule AMT: Computation of Alternate Minimum Tax Payable under Section 116JC
• Schedule AMTC: Computation of tax credit under section 116JD
• Schedule SPI: Statement of income arising to spouse/ minor child/ son’s wife or any other person or association of persons to be included in the income of the assessee in Schedules-HP, BP, CG and OS.
• Schedule SI: Statement of income which is chargeable to tax at special rates
• Schedule-IF: Information regarding partnership firms in which assessee is a partner.
• Schedule EI: Statement of Income not included in total income (exempt incomes)
• Schedule PTI: Pass through income details from a business trust or investment fund as per section 116UA, 116UB
• Schedule TPSA: Secondary adjustment to transfer price as per section 92CE(2A)
• Schedule FSI: Details of income from outside India and tax relief
• Schedule TR: Statement of tax relief claimed under section 90 or section 90A or section 91.
• Schedule FA: Statement of Foreign Assets and income from any source outside India.
• Schedule 5A: Information regarding apportionment of income between spouses governed by Portuguese Civil Code
• Schedule AL: Asset and Liability at the end of the year(applicable where the total income exceeds Rs 50 lakhs)
• Schedule tax deferred on ESOP: Information of tax-deferred on ESOPS received from eligible start-ups referred to in Section 80-IAC
• Schedule GST: Information regarding turnover/ Gross receipt reported for GST
• Part B-TI: Computation of Total Income.
• Part B-TTI: Computation of tax liability on total income.
• Verification

How to File Your ITR-3 Online on Income Tax Portal?

1. Visit the Income Tax e-Filing Portal and log in using your PAN as the User ID and your password.
2. After logging in, go to the e-File menu and select “Income Tax Return” from the drop-down. Choose the relevant Assessment Year and select the Online mode of filing.
3. Click “Start New Filing” and select your applicable taxpayer status (Individual, HUF, etc.).
4. Select the appropriate ITR Form (e.g., ITR-3, if applicable to you).
5. Click “Let’s Get Started” and select the reason for filing your return.
6. Choose the schedules applicable as per your sources of income.
7. Begin with General Information, verify the pre-filled data, and select the tax regime (Old or New) applicable to you. Keep in mind the requirement to submit Form 10IEA if you want to opt out of the new regime or opt for the old regime.
8. Fill in all the relevant schedules according to your income details, then click “Proceed to Verification”.
9. Review your return for errors, correct them if necessary, pay any self-assessment tax due, and submit your ITR.

How to File ITR-3 on ClearTax?

1. Log in to your Clear account and click on “Start Filing” to begin the ITR filing process.
2. Link your PAN by entering your PAN number and date of birth and complete OTP verification using your Aadhaar-registered or Income Tax registered mobile number.
3. Complete OTP verification again to pre-fill your personal and income details from the Income Tax Department and review the imported information for accuracy.
4. Go to the Personal Info tab to edit or confirm your details and move to Income Sources to review or upload Form 16 or Form 26AS and add house property, other income, and capital gains.
5. Import capital gains directly by logging into your broker’s platform or enter the details manually if required.
6. In the Business or Profession section, add BSPL income and fill in the balance sheet, P&L, depreciation, ICDS details, Schedule BP, Schedule OI, and tax audit details if applicable.
7. Review or add deductions under the Deductions tab and claim eligible tax-saving benefits.
8. Enter tax-paid details such as advance tax, self-assessment tax, and TDS, or upload Form 26AS to auto-populate TDS information.
9. Fill Schedule AL and other disclosures if applicable, such as when total income exceeds ₹50 lakh or specified financial transactions are reported.
10. View the tax computation, compare old vs new tax regimes, switch if required, review all details, and click “File tax.”
11. Submit the self-declaration confirming that all the information provided is correct.
12. Pay any outstanding tax and enter the challan details, or proceed directly if there is no tax due or a refund is available.
13. Complete the payment for filing and submit the return to receive the acknowledgement number.
14. e-Verify your ITR to successfully complete the return filing process.

How ITR-3 Differs from Other ITR Forms?

While ITR-3 is the only ITR form in which non presumptive business income can be reported, there are other disclosure related differences as well. 

*n.e.c. – not elsewhere classified