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    <title>Govt notifies ITR-3 for individuals/HUFs having income from biz, profession</title>
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    <description>Notification of ITR-3 for AY2025-26 updates filing requirements for individuals and HUFs with business or professional income by raising the Schedule AL asset liability disclosure threshold and requiring capital gains to be split based on whether they arose before or after July 23, 2024; taxpayers holding property before that date may elect a lower long term capital gains tax treatment without indexation or retain the indexation option. The form also adds deduction dropdowns and section wise TDS reporting to improve data accuracy and ease of filing.</description>
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      <description>Notification of ITR-3 for AY2025-26 updates filing requirements for individuals and HUFs with business or professional income by raising the Schedule AL asset liability disclosure threshold and requiring capital gains to be split based on whether they arose before or after July 23, 2024; taxpayers holding property before that date may elect a lower long term capital gains tax treatment without indexation or retain the indexation option. The form also adds deduction dropdowns and section wise TDS reporting to improve data accuracy and ease of filing.</description>
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