Filing ITR-3 for AY 2026-2027? Here’s 7 aspects to look out for before filing it

August 31, 2026, is the deadline for filing an income tax return (ITR) for taxpayers with business income who aren’t required to undergo a tax audit. If you have a business income and need a tax audit, the ITR filing deadline is October 31, 2026. , while the tax audit itself is due by September 30, 2026.

So, if you are a non-tax audit taxpayer eligible to file ITR-3 (business income) or ITR-4 (presumptive taxation) for AY 2026–27, make sure to file your return by August 31, 2026 to dodge any late-filing penalties and keep your tax-regime options intact.

Also read: Who needs to file ITR by August 31, 2026 for AY 2026-2027? Check what happens if ITR filing deadline is missed

Some important aspects to know about ITR-3 filing

ITR-3 is typically for individuals and Hindu Undivided Families (HUFs) earning income from business or profession who don’t qualify for filing ITR-1, ITR-2 or ITR-4.

Chartered Accountant Abhishek Soni, co-founder, Tax2Win, says that ITR-3 may apply to taxpayers such as freelancers, consultants, doctors, lawyers, traders, professionals and proprietors, depending on their income sources and other eligibility conditions.

Also read: Rs 16 lakh cash seized in income tax raid, tax officer calls it unexplained cash; Taxpayer claims it to be family money, he fights and wins the case in ITAT Mumbai

Soni shares some notable changes in ITR-3 for AY 2026–27:

• Section 44BBD: New reporting requirements have been introduced for specified non-residents covered by the presumptive taxation provisions.
• Share buyback: A new provision has been introduced for reporting losses arising from share buybacks, where applicable.
• Capital gains reporting: The earlier bifurcation of capital gains based on whether the transfer took place before or after 23 July 2024 has been removed.
• Section 80GGC: Taxpayers claiming deductions for political contributions are required to provide the relevant political party's name and PAN.
• Section 89A: The earlier reporting requirement relating to relief under Section 89A has been removed.
• Section 80G: Additional details such as IFSC and transaction reference number are required in applicable cases.
• Address details: An option to provide a secondary address has been added.