ITR-3 vs ITR-4: Which income tax return form should freelancers, traders and business owners use?

The August 31, 2026 income-tax return deadline is approaching for freelancers, professionals and business owners whose accounts do not require a tax audit. But should you file ITR-3 or ITR-4? The answer depends on your income, business activity, trading transactions and whether you opt for presumptive taxation.