IT Department Adds 5 New Professional Codes in ITR-3

The Income Tax Department has added 5 new professional codes in the ITR-3 form for FY 2024-25. These additions are meant to improve reporting precision of income earned by professionals and consultants. In this blog, we discuss what the new codes are, whom they cover, and how freelancers, consultants, and service providers need to modify their ITR filings accordingly. Keep yourself up to date with the latest ITR updates.

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