ITR form selection for salary + business income


This query is : Resolved 

Quick Summary
This discussion addresses the correct Income Tax Return (ITR) form selection for individuals with both salary and business income. The expert suggests ITR 4 if business income qualifies for presumptive taxation, otherwise ITR 3 is recommended. For a spouse with salary income and short-term capital gains from shares, ITR 2 is the appropriate form.

06 June 2025 Respected Expert

Kindly suggest which ITR I have to file income tax return as I have salary plus Business income. My business income is less than 15 lakhs

Also suggest for My wife having salary + short term gain in share.

Please suggest

Your early response shall be highly appreciated.

06 June 2025 If the business income can be declared under presumptive assessment, you can go for ITR 4; else need to file ITR 3.
For Salary + STCG, ITR 2 needs to be filed.

06 June 2025 I agree with Dhirajlal.

07 June 2025 Thanks experts for your advise

07 June 2025 You are welcome.


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