ITR-3 Utility – New Business/Profession Codes Added for AY 2025-26
The Income Tax Department has introduced new Nature of Business/Profession codes in the ITR-3 utility to better represent emerging sectors like online trading and digital professions.
- Newly Added Codes:
- 09029 – Commission Agents (Kachcha Arahitya)
- 16021 – Social Media Influencers
- 21009 – Speculative Trading
- 21010 – Futures and Options (F&O) Trading
- 21011 – Buying and Selling Shares
These codes are crucial for accurate income classification and smooth processing of ITRs.
⚠️ Taxpayers & professionals are advised to select the correct code while filing ITR for AY 2025-26 to avoid mismatch or discrepancies.
Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income Tax judgements to EPFO schemes and corporate law updates, TaxConcept serves as a reliable, authoritative guide for chartered accountants, businesses, and everyday taxpayers seeking absolute compliance clarity.