Feature | ITR-3 | ITR-4 |
Eligibility | Professionals/businesses not under presumptive tax | Those opting for presumptive taxation (44AD, 44ADA, 44AE) |
Nature of Income | Salary, business, capital gains, multiple house properties | Salary, business/profession under presumptive scheme, one house property |
Books of Accounts | Mandatory if income crosses limits | Not required |
Audit Requirement | Mandatory if turnover exceeds threshold | Exempt unless income below presumptive rate |
House Property | Can declare multiple | Only one allowed |
Complexity | High, multiple disclosures | Simple, fewer disclosures |
Filing Due Date | 31 July (non-audit), 31 Oct (audit/applicable) | 31 July for all filers |
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Who should file ITR-3?
Choose ITR-3 if you:
- Earn from a proprietary business or profession
- Have income from capital gains, dividends, or multiple house properties
- Maintain books of accounts
- Are subject to audit under Section 44AB
- Are a partner in a firm (excluding LLPs) whose accounts are subject to audit
You must use this form if you don’t qualify for presumptive taxation.
Who should not file ITR-3?
Avoid ITR-3 if you:
- Do not have business/professional income
- Are salaried with no additional income from a business
- Opt for presumptive taxation (use ITR-4 instead)
- Are an LLP, company, or trust—these have separate forms
Who should file ITR-4?
Use ITR-4 if you:
- Are a resident individual or HUF with income up to Rs. 50 lakhs
- Run a small business or practice a profession (like doctors, CA, architects) under presumptive tax
- Own only one house property
- Have additional income from interest or dividends
- Do not hold foreign assets or earn foreign income
- Do not hold unlisted shares
Note: As per the latest Income Tax portal update, you cannot file ITR-4 if you have any capital gains income.
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Who should not File ITR-4?
You’re ineligible for ITR-4 if you:
- Are an NRI or have foreign income/assets
- Hold unlisted equity shares
- Earn income from more than one house property
- Have income exceeding Rs. 50 lakh
- Are a director in a company
- Have capital gains (including from shares or mutual funds)
- Have winnings from lotteries or racehorses
Filing Deadlines: ITR-3 vs ITR-4
Form | Deadline (AY 2025–26) |
ITR-3 | 31 July 2025 (non-audit cases), 31 Oct 2025 (audit or partnership cases) |
ITR-4 | 31 July 2025 (uniform for all presumptive tax filers) |
Filing after the deadline? You may face late fees, lose carry-forward benefits, or even trigger scrutiny.
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Also Read: Benefits of ITR Filing