{"id":29509,"date":"2025-07-21T23:49:44","date_gmt":"2025-07-21T18:19:44","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=29509"},"modified":"2025-08-20T17:55:35","modified_gmt":"2025-08-20T12:25:35","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-69e481d506816\" 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-69e481d506816\"  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\/#Due_Date_for_Filing_ITR-3_for_AY_2025%E2%80%9326_FY_2024%E2%80%9325\" title=\"Due Date for Filing ITR-3 for AY 2025\u201326 (FY 2024\u201325)\">Due Date for Filing ITR-3 for AY 2025\u201326 (FY 2024\u201325)<\/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><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-29062\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/03\/high.jpg\" alt=\"Tax Dept intensified scrutiny\" width=\"966\" height=\"594\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/03\/high.jpg 800w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/03\/high-300x185.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/03\/high-768x472.jpg 768w\" sizes=\"(max-width: 966px) 100vw, 966px\" \/><\/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 Taxpayer 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 :\u00a0Individuals 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 data-start=\"1211\" data-end=\"1276\"><span class=\"ez-toc-section\" id=\"Due_Date_for_Filing_ITR-3_for_AY_2025%E2%80%9326_FY_2024%E2%80%9325\"><\/span><span style=\"color: #000080;\">Due Date for Filing ITR-3 for AY 2025\u201326 (FY 2024\u201325)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1278\" data-end=\"1367\">For Non-Audit Cases: 15th September 2025 <em data-start=\"1335\" data-end=\"1367\">(extended from 31st July 2025)<\/em><\/p>\n<p data-start=\"1369\" data-end=\"1430\">For Audit Cases (u\/s 44AB): 31st October 2025<\/p>\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>After 121 Days into FY 2024\u201325, Online Filing for ITR-3 is finally enabled. The Excel utility for income tax return Form 3 AY 2025\u201326 was released by the Income Tax Dept on July 11, 2025, nearly 100 days after the commencement of the income tax return filing season. 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","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":3,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29509\/revisions"}],"predecessor-version":[{"id":29569,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29509\/revisions\/29569"}],"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}]}}