Rajasthan Teachers Web Portal

ITR-3 availbale for AY 2026-27: Now Taxpayers Can File ITR-1, 2, 3, 4

The Income Tax Department has released the ITR-3 utility for AY 2026-27, allowing taxpayers with business and professional income to file their returns online or offline. Earlier, only ITR-1, ITR-2, and ITR-4 were available. With this update, proprietors, freelancers, traders, and professionals can now complete their return filing process. Taxpayers are advised to carefully verify AIS, TIS, and Form 26AS before filing and complete mandatory e-verification after submission to ensure the return is valid.

How to Choose the Correct ITR Form for AY 2026-27

The Income Tax Return (ITR) filing season for AY 2026-27 has started with important updates in eligibility rules and reporting limits. Taxpayers must carefully choose the correct ITR form to avoid defective returns and notices from the Income Tax Department. This guide explains all major forms—ITR-1 to ITR-7—including who can file them based on income type such as salary, business, capital gains, or presumptive taxation. It also highlights key changes like revised due dates and relaxed rules for reporting up to two house properties in ITR-1 and ITR-4. Selecting the correct form ensures smooth processing, faster refunds, and full compliance with tax laws.