CBDT notifies format of ITR-3 for AY 2025-26 for For individuals and HUFs having income from profits and gains of business or profession.
CBDT notifies format of ITR-3 for Ay 2025-26
CBDT vide Notification No. 41/2025 dated 01.05.2025 has notified the format of Income Tax Return-3 (ITR-3).
What is new in ITR-3?
The major changes made in the ITR-3 for AY 2025-26 are consequential to amendment made by the Finance Act 2024 to the provisions related to capital gain indexation i.e. on properties purchased on or after 23/07/2024 capital gain shall be flat 12.5% with no benefit of Indexation of costs. However for properties transferred before 23/07/2024, the taxpayer has the option of indexation.
Download Format of ITR-3 Click Here >>
- After notice u/s 143(2) is issued, processing u/s 143(1) is not permissible
- Assessment Order without digital or manual signature is non-est and illegal
- Once ITR is filled in response to notice u/s 148 though late, notice u/s 143(2) is must – ITAT
- Petitioner was not disqualified in tender for giving EMD by way of FD not DD
- State Bank of India elects four Directors in its Central Board
