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 >>
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