File ITR-3 Online for Business & Professional Income FY 2025-26 (AY 2026-27)
Expert CA & Tax Lawyer-assisted Income Tax Return e-filing for businesses, professionals, freelancers, consultants, and partnership firms. Get your ITR-3 filed accurately for Financial Year 2025-26 (Assessment Year 2026-27) with complete audit reports and balance sheet filing before 31st July 2026 deadline.
✓ Business Books Audit Ready
Complete P&L, Balance Sheet & Audit Report preparation
✓ Tax Optimization
Maximize deductions under 80C, 80D & business expenses
✓ Professional Filing
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What is ITR-3 Form for FY 2025-26?
ITR-3 is an Income Tax Return form designed for individuals and Hindu Undivided Families (HUFs) with income from business or profession (PGBP) for Financial Year 2025-26 (Assessment Year 2026-27). This form is mandatory for professionals like doctors, chartered accountants, lawyers, architects, freelancers, consultants, and business owners maintaining regular books of accounts.
Key Highlights for AY 2026-27: ITR-3 requires detailed financial statements including Profit & Loss Account, Balance Sheet, and supporting schedules. If your business turnover exceeds prescribed limits (₹1 crore for business, ₹50 lakh for profession), tax audit under Section 44AB is mandatory. The due date for filing ITR-3 with audit is 31st October 2026, while non-audit cases must file by 31st July 2026.
ITR-3 E-Filing for Business Professionals with DisyTax
Our expert team of Chartered Accountants and Tax Lawyers specializes in ITR-3 filing for businesses and professionals. We handle complete bookkeeping, P&L preparation, balance sheet finalization, tax audit coordination, and e-filing for FY 2025-26, ensuring 100% compliance and maximum tax savings. Get started today!
Who Should File ITR-3 for AY 2026-27?
ITR-3 is applicable to individuals and HUFs with specific types of income sources during Financial Year 2025-26. Understanding these requirements ensures you select the correct ITR form for filing.
Eligibility Criteria for ITR-3 Filing AY 2026-27
- Business Income: Individuals/HUFs with income from business (manufacturing, trading, e-commerce)
- Professional Income: Doctors, CAs, lawyers, architects, consultants, engineers, freelancers
- Partners in Firms: Partners receiving salary/remuneration from partnership firms (not the firm itself)
- Directors with Business Income: Company directors having income from own business/profession
- Multiple Income Sources: Business/profession income along with salary, house property, capital gains
- Presumptive Taxation Opt-out: Businesses not opting for Section 44AD, 44ADA, or 44AE schemes
- Brought Forward Losses: Business losses from previous years to be carried forward or set off
- Regular Books Maintained: Businesses maintaining regular books of accounts as per Income Tax Act
- Salaried Only: Individuals with only salary income without business/profession (file ITR-1 or ITR-2)
- Presumptive Taxation Users: Small businesses opting for Sections 44AD/44ADA/44AE (must file ITR-4 Sugam)
- Companies & LLPs: Private/public limited companies (file ITR-6), LLPs and firms (file ITR-5)
- Trusts & Institutions: Charitable trusts, political parties, research institutions (file ITR-7)
- Agricultural Income Only: Income solely from agriculture below taxable limits (no ITR required)
- ITR-1 (Sahaj): Salaried individuals, pensioners, one house property (income ≤ ₹50 lakh)
- ITR-2: Individuals with capital gains, multiple properties, foreign income, directors
- ITR-3: Business/professional income with regular books of accounts
- ITR-4 (Sugam): Presumptive taxation businesses (Sections 44AD, 44ADA, 44AE)
- ITR-5: Partnership firms, LLPs, AOPs, BOIs
- ITR-6: Companies not claiming exemption under Section 11
ITR-3 Due Dates for FY 2025-26 (AY 2026-27)
Important Filing Deadlines
Non-Audit Cases: 31st July 2026 - For businesses/professionals not requiring tax audit
Audit Cases (Section 44AB): 31st October 2026 - For businesses with turnover > ₹1 crore or profession > ₹50 lakh
Transfer Pricing Cases: 30th November 2026 - For international transactions requiring TP audit
File on time to avoid penalties! Start your ITR-3 e-filing now with expert CA assistance.
Types of Business & Professional Income Covered in ITR-3
ITR-3 accommodates various business and professional income streams. Understanding which category your income falls under helps in accurate reporting for FY 2025-26.
💼 Business Income (PGBP)
Manufacturing, trading, e-commerce, retail, wholesale, construction, real estate development, import/export, restaurant/hotel business, and any commercial activity carried on regularly with profit motive.
👨⚕️ Professional Services
Doctors, chartered accountants, lawyers, architects, engineers, company secretaries, interior designers, consultants, tax advisors, financial planners, and technical professionals.
💻 Freelancers & Consultants
Content writers, graphic designers, web developers, digital marketers, social media managers, YouTubers, bloggers, app developers, and independent contractors providing services.
🎨 Creative Professionals
Photographers, videographers, musicians, artists, actors, fashion designers, event planners, and individuals in creative industries earning through commissions or project-based work.
🏢 Partnership Income
Partners receiving salary, remuneration, bonus, commission, or interest from partnership firms (firm files ITR-5, but partner's share comes in ITR-3 as business income).
📊 Agency & Commission
Insurance agents, real estate brokers, stock brokers, commission agents, distributors, franchise holders, and individuals earning through agency businesses or commission-based work.
Documents Required for ITR-3 Filing AY 2026-27
ITR-3 requires comprehensive documentation due to the detailed financial reporting involved. Keep all these documents organized for smooth e-filing and future compliance verification.
Books of Accounts
Cash book, ledgers, sales register, purchase register, expense records for FY 2025-26
P&L Account & Balance Sheet
Profit & Loss statement and Balance Sheet as on 31st March 2026 (digitally signed)
Bank Statements
All business/professional bank accounts for FY 2025-26 with reconciliation
GST Returns
GSTR-1, GSTR-3B, annual return for FY 2025-26 (if registered under GST)
Tax Audit Report
Form 3CA/3CB and 3CD if turnover/receipts exceed audit limits for FY 2025-26
Form 26AS / AIS
TDS/TCS details, advance tax payments, and Annual Information Statement verification
PAN & Aadhaar
PAN card, Aadhaar card (linked), and digital signature certificate if required
Other Income Proofs
Salary slips (if any), rental receipts, capital gains statements, investment proofs for 80C/80D
Business Registration
Shop Act license, GSTIN certificate, import/export code, professional registration certificates
Depreciation Schedule
Fixed asset register with depreciation calculations as per Income Tax Act provisions
Expense Bills & Vouchers
Rent receipts, electricity bills, telephone bills, salary records, travel expenses, office expenses
Previous Year ITR
ITR-V/acknowledgment of FY 2024-25 (AY 2025-26) for loss carry forward verification
Structure of ITR-3 Form for AY 2026-27
ITR-3 is a comprehensive form with multiple parts and schedules covering all aspects of business/professional income reporting. Understanding this structure helps in systematic data preparation.
| Section/Schedule | Description | Key Information Required |
|---|---|---|
| Part A - General | Personal & Business Details | PAN, Aadhaar, name, address, nature of business, accounting method (cash/mercantile) |
| Part B - Gross Total Income | All Income Heads | Salary, house property, business/profession, capital gains, other sources |
| Schedule BP | Business/Profession Income | Net profit as per P&L, adjustments u/s 28-44, presumptive income if applicable |
| Schedule CG | Capital Gains | STCG, LTCG from business assets or personal investments |
| Schedule HP | House Property Income | Rental income, municipal taxes, interest on home loan |
| Schedule OS | Other Sources Income | Interest, dividend, family pension, winnings (if any) |
| Schedule CYLA | Current Year Losses | Loss adjustment between different income heads |
| Schedule BFLA | Brought Forward Losses | Previous years' losses carried forward and set off details |
| Schedule VI-A | Deductions (80C-80U) | LIC, PPF, health insurance, education loan interest, donations |
| Schedule 44AA | Books of Accounts | Details of books maintained, audit applicability |
| Part B-TTI | Total Taxable Income | Gross income minus deductions, tax regime selection |
| Schedule IT | Tax Computation | Tax as per slabs, rebate u/s 87A, surcharge, cess, relief u/s 89 |
| Schedule TDS/TCS | Tax Deducted/Collected | TDS on payments received, TCS on purchases, as per Form 26AS |
| Schedule SI | Salary Income Details | Form 16, allowances, perquisites, profit in lieu of salary (if applicable) |
| Schedule AL | Assets & Liabilities | Mandatory for individuals with income > ₹50 lakh - immovable property, vehicles, bank accounts |
| Schedule FA | Foreign Assets | Foreign bank accounts, immovable property abroad, foreign equity/debt |
Penalties for Late Filing of ITR-3 for AY 2026-27
Filing your Income Tax Return after the due date can result in significant financial penalties and legal consequences for business owners and professionals. Here's what you need to know:
Late Filing Fees (Section 234F)
Applicable even if no tax liability exists. Non-audit cases can file till 31st December 2026; audit cases till 31st December 2026.
Interest on Tax Due (Sections 234A, 234B, 234C)
Section 234A: 1% per month on unpaid tax from due date till date of filing (simple interest)
Section 234B: 1% per month on unpaid advance tax if self-assessment tax > ₹10,000
Section 234C: 1% per month for shortfall in advance tax installments during the year
Calculate Interest Penalty for Business Income →Disallowance of Business Expenses
Failure to file ITR by due date can result in:
- Section 40(a)(ia): 30% disallowance of expenses on which TDS not deducted/deposited
- Section 43B: Disallowance of statutory payments (PF, ESI, bonus) not paid before filing
- Loss Carry Forward: Cannot carry forward business losses if ITR not filed by due date
Audit & Scrutiny Notices
Late filing increases chances of:
- Income Tax scrutiny notices for detailed verification
- Demand notices for additional tax with interest
- Penalties up to 200% of tax for concealment or mis-reporting
- Prosecution under Section 276CC (imprisonment 3 months to 7 years for willful default)
How DisyTax Helps You File ITR-3 for AY 2026-27
Filing ITR-3 for business and professional income requires specialized knowledge of accounting, tax laws, and compliance requirements. DisyTax offers end-to-end support from Chartered Accountants and Tax Lawyers to make your ITR-3 filing seamless and accurate.
Complete Bookkeeping Support
Our CA team helps organize your financial records, maintains digital books of accounts as per Income Tax Act requirements, and prepares trial balance for FY 2025-26.
P&L & Balance Sheet Preparation
Expert Chartered Accountants prepare accurate Profit & Loss Account and Balance Sheet with proper classification of income and expenses, depreciation calculations, and closing stock valuation.
Tax Audit Coordination
If your business requires tax audit under Section 44AB, we coordinate with auditors, prepare audit documentation, and ensure Form 3CA/3CB/3CD compliance before ITR-3 filing.
GST-ITR Reconciliation
We reconcile your GST returns (GSTR-1, GSTR-3B) with books of accounts and ITR-3 to ensure consistency and avoid mismatch notices from the Income Tax Department.
Tax Optimization Planning
Our Tax Lawyers and CAs identify eligible business deductions, depreciation claims, loss set-off opportunities, and help you choose the optimal tax regime (old vs new) for maximum savings.
Error-Free E-Filing
Comprehensive validation with Form 26AS/AIS verification, schedule cross-checking, and digital signature assistance before submission to prevent rejections and notices.
Loss Carry Forward Management
Accurate computation and reporting of current year losses and brought forward losses from previous years with proper schedule filing for future tax benefits.
Notice Handling & Support
Our Tax Lawyers represent you in case of any scrutiny notices, defective return intimations, or demand notices from Income Tax authorities with proper legal documentation.
Advance Tax Planning
Quarterly advance tax calculation and payment guidance to avoid interest under Sections 234B and 234C for FY 2026-27 (next year planning).
Compliance Calendar
Personalized reminders for ITR filing deadlines, advance tax dates, TDS return filing, GST returns, and other business tax compliance requirements throughout the year.
What Business Owners & Professionals Say About ITR-3 Filing with DisyTax
Join 10,000+ satisfied business clients who trust our CA & Tax Lawyer team for accurate Income Tax Return filing
"As a freelance consultant, I struggled with ITR-3 filing for years. DisyTax's CA team simplified everything - from organizing my invoices to preparing P&L and filing before the deadline. They saved me ₹65,000 in taxes through proper expense claims. Highly recommended!"
"My clinic's turnover required tax audit this year. DisyTax coordinated everything seamlessly - audit report, balance sheet, and ITR-3 filing. Their Tax Lawyers also helped me respond to an income tax notice. Professional service at affordable rates!"
"Running an e-commerce business meant complex GST-ITR reconciliation. DisyTax's expert CAs handled it perfectly and identified depreciation claims I was missing. Filed ITR-3 with complete audit compliance. Got my refund of ₹1.2 lakh in 45 days!"
"As a practicing architect, I had no time for ITR-3 compliance. DisyTax's team took over completely - maintained my books digitally, prepared financial statements, and filed on time. Their tax planning helped me save ₹80,000. Excellent support!"
"I have a manufacturing unit with ₹2 crore turnover. DisyTax managed my complete tax compliance - audit report under 44AB, ITR-3 filing, and advance tax calculations. Their Tax Lawyers are always available for queries. Best decision for my business!"
"Being a partner in CA firm, I receive salary from the firm plus have consultation income. DisyTax correctly filed my ITR-3 with both income streams, claimed all deductions, and filed before July deadline. Very knowledgeable CA team. Highly recommend for professionals!"
Frequently Asked Questions - ITR-3 Filing FY 2025-26 (AY 2026-27)
ITR-3 is for individuals and HUFs with income from business or profession maintaining regular books of accounts. This includes doctors, lawyers, CAs, consultants, freelancers, traders, manufacturers, and partners in firms receiving salary/remuneration. If you opt for presumptive taxation (Sections 44AD/44ADA), file ITR-4 instead.
For non-audit cases, the due date is 31st July 2026. For businesses requiring tax audit under Section 44AB (turnover > ₹1 crore or profession > ₹50 lakh), the due date is 31st October 2026. Transfer pricing cases have a deadline of 30th November 2026.
No, tax audit is mandatory only if business turnover exceeds ₹1 crore (₹10 crore if cash transactions < 5%) or professional receipts exceed ₹50 lakh in FY 2025-26. Small businesses/professionals below these limits can file ITR-3 without audit.
No, business losses can be carried forward only if ITR-3 is filed before the due date (31st July 2026 for non-audit, 31st October 2026 for audit cases). Late filing (belated return) disqualifies you from carrying forward losses to future years, though current year set-off is allowed.
You need books of accounts (cash book, ledgers, purchase/sales register), Profit & Loss Account, Balance Sheet, bank statements, GST returns, Form 26AS/AIS, PAN-Aadhaar, tax audit report (if applicable), depreciation schedule, expense bills, and previous year ITR for loss verification.
Yes, if you have both salary income and freelancing/consultancy income (professional income), you must file ITR-3. Report salary income in Schedule SI and professional income in Schedule BP. If freelancing income qualifies for Section 44ADA presumptive taxation and you opt for it, file ITR-4 instead.
ITR-3 is for businesses/professionals maintaining regular books with actual profit computation. ITR-4 (Sugam) is for businesses opting for presumptive taxation (Sections 44AD/44ADA/44AE) with deemed profit rates (6-8% of turnover), no detailed books required. ITR-4 is simpler but limits deduction claims.
No, ITR-3 does not require uploading P&L and Balance Sheet during e-filing. However, you must maintain these documents and submit if demanded by Income Tax authorities during scrutiny. In audit cases, the audit report (Form 3CA/3CB/3CD) must be uploaded electronically before ITR filing.
Late filing attracts ₹5,000 penalty (income > ₹5 lakh) or ₹1,000 (income ≤ ₹5 lakh) under Section 234F, plus 1% monthly interest on unpaid tax under Sections 234A/234B/234C. Additionally, you lose the right to carry forward business losses, and certain expenses may be disallowed.
Yes, you can file a revised ITR-3 to correct mistakes or report omitted income. Revised return can be filed within the end of the relevant assessment year (31st March 2027 for AY 2026-27) or before completion of assessment, whichever is earlier. Ensure original ITR was filed first; you cannot revise a belated return.
Ready to File Your ITR-3 for Business Income?
Don't let complex business tax compliance stress you out. Our expert Chartered Accountants and Tax Lawyers handle everything from bookkeeping to audit reports and ITR-3 e-filing for FY 2025-26 (AY 2026-27). Get accurate filing, maximum tax savings, and complete peace of mind.
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