<h1>Income Tax Department Unveils ITR-3 Form with Enhanced Reporting Thresholds and Capital Gains Tax Options for AY 2025-26</h1> The Income Tax department notified ITR-3 form for individuals and Hindu Undivided Families with business or professional income for Assessment Year 2025-26. Key changes include raising the asset and liability reporting threshold from Rs 50 lakh to Rs 1 crore, introducing capital gains split based on date, and offering a new long-term capital gains tax option for real estate at 12.5% without indexation. The form includes enhanced dropdown menus for deductions and improved tax deduction reporting.