An investigation has been conducted on the spin-polarized structural, electronic, charge transfer, −COHP and magnetic behaviour of IrCoNbX (X=Al, Ga, In) alloys. To corroborate the studied properties the generalized gradient approximation (GGA), modified Becke Johnson (mBJ) and DFT+U schemes within the framework of density functional theory. The structures found comparatively more stable in spin-polarized phase than non-spin polarized phase. Based on electronic band structure and electronic density of states’ analysis IrCoNbX alloys have demonstrated spin-gapless features in spin ↑ channel and semiconducting characteristics in spin ↓ channel. The −COHP examination revealed that Nb-Ir pair exhibited significantly stronger bonding interaction in comparison to XCo (XAl, Co, In, Nb) bonding pairs in IrCoNbX alloys. Each of the studied alloys manifested an integer value of the total magnetic moment of 2.0 μB/f.u under mBJ scheme. The findings of current study proposed the experimental investigation of these alloys for potential applications in spintronics field.