CBDT Notifies Revised ITR-3 Form for AY 2025-26

The CBDT has notified a revised Income Tax Return form for Assessment Year 2025-26 with enhanced disclosure requirements. The new form mandates detailed reporting of high-value transactions, foreign income, and virtual digital assets, reflecting the government's focus on these areas. Taxpayers must now provide additional information about their financial activities, enabling better data matching and compliance verification. These changes aim to improve tax transparency while giving authorities more tools to detect evasion.