Switching over from itr4(itr3) to form itr1

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Retired
33 Points Posted on 17 June 2017

I have been submitting my tax return on form ITR4 for last 14 years. As I no longer have any business income having stopped trading in shares,can I switch to Form ITR1

as I now have only salary and interest income? Any procedure to be followed in this regard?

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On 17 June 2017 at 20:08 Report
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SEO Sai Gr. Hosp.
121546 Points Posted on 17 June 2017

No other procedure. Change of ITR as per need is allowed.

Directly file ITR 1 online.

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On 17 June 2017 at 20:15
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Chartered Accountant
44487 Points Posted on 17 June 2017
Yes you can do so. Form selected on basis of income & may differ from year to year.
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On 17 June 2017 at 20:49

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