{"id":29509,"date":"2025-07-21T23:49:44","date_gmt":"2025-07-21T18:19:44","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=29509"},"modified":"2026-09-16T00:32:22","modified_gmt":"2026-09-15T19:02:22","slug":"itr-3-new-code-introduced-for-nature-of-business-profession","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/itr-3-new-code-introduced-for-nature-of-business-profession\/","title":{"rendered":"ITR 3: New Code Introduced for Nature of Business\/Profession"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6ab9c710461fd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6ab9c710461fd\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/itr-3-new-code-introduced-for-nature-of-business-profession\/#Update_in_ITR_Utility%E2%80%94New_Codes_Introduced_for_%E2%80%9CNature_of_BusinessProfession%E2%80%9D\" title=\"Update in ITR Utility\u2014New Codes Introduced for &#8220;Nature of Business\/Profession&#8221;\">Update in ITR Utility\u2014New Codes Introduced for &#8220;Nature of Business\/Profession&#8221;<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/itr-3-new-code-introduced-for-nature-of-business-profession\/#Newly_Introduced_Codes_for_Nature_of_BusinessProfession\" title=\"Newly Introduced Codes for Nature of Business\/Profession\">Newly Introduced Codes for Nature of Business\/Profession<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/itr-3-new-code-introduced-for-nature-of-business-profession\/#Why_This_Matters_in_ITR_Utility%E2%80%94New_Codes_Introduced\" title=\"Why This Matters in ITR Utility\u2014New Codes Introduced?\u00a0\">Why This Matters in ITR Utility\u2014New Codes Introduced?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/itr-3-new-code-introduced-for-nature-of-business-profession\/#Who_is_Eligible_to_File_the_ITR-3_Form\" title=\"Who is Eligible to File the ITR-3 Form?\">Who is Eligible to File the ITR-3 Form?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/itr-3-new-code-introduced-for-nature-of-business-profession\/#Who_is_Not_Eligible_to_File_the_ITR-3_Form\" title=\"Who is Not Eligible to File the ITR-3 Form?\">Who is Not Eligible to File the ITR-3 Form?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/itr-3-new-code-introduced-for-nature-of-business-profession\/#Why_Selecting_the_Correct_Nature_of_BusinessProfession_Code_Matters\" title=\"Why Selecting the Correct Nature of Business\/Profession Code Matters\">Why Selecting the Correct Nature of Business\/Profession Code Matters<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/itr-3-new-code-introduced-for-nature-of-business-profession\/#Online_Filing_for_ITR-3_is_Finally_Enabled\" title=\"Online Filing for ITR-3 is Finally Enabled\">Online Filing for ITR-3 is Finally Enabled<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/itr-3-new-code-introduced-for-nature-of-business-profession\/#Filing_Deadlines_for_AY_2026-27\" title=\"Filing Deadlines for AY 2026-27\">Filing Deadlines for AY 2026-27<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-32225\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3-For-FO-Traders.jpg\" alt=\"ITR-3 For F&amp;O Traders\" width=\"1254\" height=\"1254\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3-For-FO-Traders.jpg 1254w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3-For-FO-Traders-300x300.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3-For-FO-Traders-1024x1024.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3-For-FO-Traders-150x150.jpg 150w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3-For-FO-Traders-768x768.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3-For-FO-Traders-800x800.jpg 800w\" sizes=\"(max-width: 1254px) 100vw, 1254px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Update_in_ITR_Utility%E2%80%94New_Codes_Introduced_for_%E2%80%9CNature_of_BusinessProfession%E2%80%9D\"><\/span><span style=\"color: #000080;\">Update in ITR Utility\u2014New Codes Introduced for &#8220;Nature of Business\/Profession&#8221;<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Income Tax Department has updated the Income Tax Return (ITR) utility with new codes under the \u201cNature of Business\/Profession\u201d section to align with evolving sectors and taxpayer activities. These changes are applicable for Assessment Year 2025\u201326.\u00a0The Tax Dept has updated the ITR-3 utility with new Nature of Business\/Profession codes to reflect the growth of emerging sectors such as online trading and digital content creation. Following Key New Codes Introduced:<\/p>\n<h3 data-start=\"465\" data-end=\"499\"><span class=\"ez-toc-section\" id=\"Newly_Introduced_Codes_for_Nature_of_BusinessProfession\"><\/span><span style=\"color: #000080;\"><strong data-start=\"472\" data-end=\"499\">Newly Introduced Codes for Nature of Business\/Profession<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"500\" data-end=\"724\">\n<li data-start=\"500\" data-end=\"554\">\n<p data-start=\"502\" data-end=\"554\"><strong data-start=\"502\" data-end=\"511\">09029<\/strong> \u2013 Commission Agents (<em data-start=\"533\" data-end=\"551\">Kachcha Arahitya<\/em>)<\/p>\n<\/li>\n<li data-start=\"555\" data-end=\"595\">\n<p data-start=\"557\" data-end=\"595\"><strong data-start=\"557\" data-end=\"566\">16021<\/strong> \u2013 Social Media Influencers<\/p>\n<\/li>\n<li data-start=\"596\" data-end=\"631\">\n<p data-start=\"598\" data-end=\"631\"><strong data-start=\"598\" data-end=\"607\">21009<\/strong> \u2013 Speculative Trading<\/p>\n<\/li>\n<li data-start=\"632\" data-end=\"679\">\n<p data-start=\"634\" data-end=\"679\"><strong data-start=\"634\" data-end=\"643\">21010<\/strong> \u2013 Futures &amp; Options (F&amp;O) Trading<\/p>\n<\/li>\n<li data-start=\"680\" data-end=\"724\">\n<p data-start=\"682\" data-end=\"724\"><strong data-start=\"682\" data-end=\"691\">21011<\/strong> \u2013 Buying and Selling of Shares<\/p>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-29512\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3-utility-with-new-Nature-of-Business-Profession-codes.jpg\" alt=\"ITR-3 utility with new Nature of Business Profession codes\" width=\"1212\" height=\"346\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3-utility-with-new-Nature-of-Business-Profession-codes.jpg 1212w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3-utility-with-new-Nature-of-Business-Profession-codes-300x86.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3-utility-with-new-Nature-of-Business-Profession-codes-1024x292.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3-utility-with-new-Nature-of-Business-Profession-codes-768x219.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3-utility-with-new-Nature-of-Business-Profession-codes-800x228.jpg 800w\" sizes=\"(max-width: 1212px) 100vw, 1212px\" \/><\/p>\n<h3 data-start=\"726\" data-end=\"754\"><span class=\"ez-toc-section\" id=\"Why_This_Matters_in_ITR_Utility%E2%80%94New_Codes_Introduced\"><\/span><span style=\"color: #000080;\"><strong data-start=\"733\" data-end=\"754\">Why This Matters in ITR Utility\u2014New Codes Introduced?\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Taxpayers and professionals must select the correct business\/profession code while filing ITR to Ensure accurate classification of income. Avoid notices or scrutiny due to mismatched data &amp; Facilitate seamless ITR processing by the Income Tax Department. Selecting the appropriate code ensures:<\/p>\n<ul data-start=\"795\" data-end=\"927\">\n<li data-start=\"795\" data-end=\"832\">\n<p data-start=\"797\" data-end=\"832\">Proper classification of income<\/p>\n<\/li>\n<li data-start=\"833\" data-end=\"878\">\n<p data-start=\"835\" data-end=\"878\">Faster and more accurate ITR processing<\/p>\n<\/li>\n<li data-start=\"879\" data-end=\"927\">\n<p data-start=\"881\" data-end=\"927\">Reduced risk of tax scrutiny or mismatches<\/p>\n<\/li>\n<\/ul>\n<p>If you&#8217;re engaged in trading, influencing, agency work, or any newly categorized profession, please review your ITR forms carefully and choose the appropriate code. Need help with code selection or ITR filing for AY 2025\u201326? Feel free to reach out.<\/p>\n<h3 data-start=\"115\" data-end=\"167\"><span class=\"ez-toc-section\" id=\"Who_is_Eligible_to_File_the_ITR-3_Form\"><\/span><span style=\"color: #000080;\"><strong data-start=\"122\" data-end=\"165\">Who is Eligible to File the ITR-3 Form?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-29510\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3.jpg\" alt=\"ITR 3\" width=\"955\" height=\"387\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3.jpg 718w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/07\/ITR-3-300x122.jpg 300w\" sizes=\"(max-width: 955px) 100vw, 955px\" \/><\/p>\n<p data-start=\"168\" data-end=\"351\">The ITR-3 is applicable to individuals and Hindu Undivided Families (HUFs) who earn income from a business or profession, including both tax audit and non-audit cases. Filing the correct ITR form ensures faster processing and reduces the risk of notices from the Income Tax Department.<\/p>\n<p>Who is eligible to file ITR-3: Individuals and Hindu Undivided Families are required to file ITR-3 if they earn income from:<\/p>\n<ul>\n<li>Business or profession (tax audit and non-tax audit cases),<\/li>\n<li>And do not opt for presumptive taxation under Sections 44AD, 44ADA, or 44AE.<\/li>\n<\/ul>\n<p data-start=\"353\" data-end=\"386\"><span style=\"color: #000080;\"><strong>Eligible Assessees Include:<\/strong><\/span><\/p>\n<ul data-start=\"387\" data-end=\"723\">\n<li data-start=\"387\" data-end=\"462\">\n<p data-start=\"389\" data-end=\"462\">Individuals\/HUFs carrying on a proprietary business or profession<\/p>\n<\/li>\n<li data-start=\"463\" data-end=\"550\">\n<p data-start=\"465\" data-end=\"550\">Those receiving remuneration, interest, or commission from a partnership firm<\/p>\n<\/li>\n<li data-start=\"551\" data-end=\"723\">\n<p data-start=\"553\" data-end=\"612\">Individuals with income from multiple sources, such as:<\/p>\n<ul data-start=\"615\" data-end=\"723\">\n<li data-start=\"615\" data-end=\"636\">\n<p data-start=\"617\" data-end=\"636\">Salary or pension<\/p>\n<\/li>\n<li data-start=\"639\" data-end=\"657\">\n<p data-start=\"641\" data-end=\"657\">House property<\/p>\n<\/li>\n<li data-start=\"660\" data-end=\"677\">\n<p data-start=\"662\" data-end=\"677\">Capital gains<\/p>\n<\/li>\n<li data-start=\"680\" data-end=\"723\">\n<p data-start=\"682\" data-end=\"723\">Other sources (e.g., interest, dividends)<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3 data-start=\"730\" data-end=\"784\"><span class=\"ez-toc-section\" id=\"Who_is_Not_Eligible_to_File_the_ITR-3_Form\"><\/span><span style=\"color: #000080;\">Who is Not Eligible to File the ITR-3 Form?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"786\" data-end=\"819\">Ineligible persons include:<\/p>\n<ul data-start=\"820\" data-end=\"1109\">\n<li data-start=\"820\" data-end=\"902\">\n<p data-start=\"822\" data-end=\"902\">Entities other than individuals and HUFs (e.g., companies, LLPs, AOPs, etc.)<\/p>\n<\/li>\n<li data-start=\"903\" data-end=\"993\">\n<p data-start=\"905\" data-end=\"993\">Individuals or HUFs not earning income from business\/profession or partnership firms<\/p>\n<\/li>\n<li data-start=\"994\" data-end=\"1109\">\n<p data-start=\"996\" data-end=\"1109\">Taxpayers eligible to file under ITR-1 (Sahaj), ITR-2, or ITR-4 (Sugam) based on their income profile<\/p>\n<\/li>\n<\/ul>\n<blockquote data-start=\"1111\" data-end=\"1204\">\n<p data-start=\"1113\" data-end=\"1204\">Note: If you&#8217;re eligible to file ITR-1, ITR-2, or ITR-4, you should not file ITR-3.<\/p>\n<\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Why_Selecting_the_Correct_Nature_of_BusinessProfession_Code_Matters\"><\/span><span style=\"color: #000080;\">Why Selecting the Correct Nature of Business\/Profession Code Matters<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Key benefits of selecting the correct code are accurate income classification and reduced risk of scrutiny, with faster &amp;\u00a0 smoother processing.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Online_Filing_for_ITR-3_is_Finally_Enabled\"><\/span><span style=\"color: #000080;\"><strong>Online Filing for ITR-3 is Finally Enabled<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Online filing for ITR-3 is finally enabled. The Excel utility for the ITR Return Form 3 FY 2025\u201326 was released by the Income Tax Dept. Now, with both online and offline (Excel\/Java) utilities available, income taxpayers can finally file ITR-3 online on the official e-filing portal. This is significant for those<\/p>\n<ul>\n<li>Earning business or professional income (other than under presumptive taxation),<\/li>\n<li>Having income from share trading, such as futures &amp; options (F&amp;O) or intraday,<\/li>\n<li>Holding unlisted shares.<\/li>\n<\/ul>\n<div>\n<h3><span class=\"ez-toc-section\" id=\"Filing_Deadlines_for_AY_2026-27\"><\/span><span style=\"color: #003366;\">Filing Deadlines for AY 2026-27<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"___1dmoc29 f10pi13n ftgm304 f1enuhaj fdclmfp f1nbblvp fat0sn4 f1ov4xf1 fekwl8i f1lmfglv f1oz7aqm f1abmfm4 f1w619qj f16h0jq8\">\n<table class=\"___1vyiefv f1ddd56o f16vktn6 f1ahpp82 f11qra4b f1uinfot fibjyge fvueend f9yszdx f1fu4s3n f3l3pb3 f10ghnd0 f8fmt76 fjvbh62 f1qrqxae f1vw5qpk fc02sbz fxawf59 fymf513 f1aoyrul f1el8yx3 f1pymoxg f1ofu761 fe6itr f7coize f1794535 f1o0pw0q fbjjl9v fk1v6el f16pyhcb f1ixlhx9 f12zef0i flu5r5u f19haqzy f1owmcxx f1oddm8q f1004tna fcoaxci fh0ee9u f15v23i2 f1dmj53 f1r1gcv9 f14z1veh ffufd3x f1ypplot f1660cg\" style=\"height: 177px;\" width=\"799\">\n<tbody>\n<tr>\n<th><span style=\"color: #003366;\">Category<\/span><\/th>\n<th><span style=\"color: #003366;\">Due Date<\/span><\/th>\n<\/tr>\n<tr>\n<td>Non-audit cases<\/td>\n<td>31 August 2026<\/td>\n<\/tr>\n<tr>\n<td>Audit cases<\/td>\n<td>31 October 2026<\/td>\n<\/tr>\n<tr>\n<td>Belated Return<\/td>\n<td>31 December 2026<\/td>\n<\/tr>\n<tr>\n<td>Revised Return<\/td>\n<td>31 March 2027<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<div>\n<p>&nbsp;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Update in ITR Utility\u2014New Codes Introduced for &#8220;Nature of Business\/Profession&#8221; The Income Tax Department has updated the Income Tax Return (ITR) utility with new codes under the \u201cNature of Business\/Profession\u201d section to align with evolving sectors and taxpayer activities. These changes are applicable for Assessment Year 2025\u201326.\u00a0The Tax Dept has updated the ITR-3 utility with &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150],"tags":[1972],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29509"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=29509"}],"version-history":[{"count":4,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29509\/revisions"}],"predecessor-version":[{"id":33153,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29509\/revisions\/33153"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=29509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=29509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=29509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}