I have filed Itr2 this year as suggested by my auditor. Actually i have Interest Income from sundry debtors.In previous year i was filing Itr3.Is it ok or i change it to ITR3
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Quick Summary
This discussion explores whether filing ITR-2 is appropriate when you have interest income from sundry debtors, having previously filed ITR-3. While ITR-2 is generally suitable for interest income alone, the presence of sundry debtors might suggest business income. Filing ITR-2 could potentially lead to less information being shared with the tax department and a quicker return processing.
If you have interest income alone then you can go with ITR 2 but you are saying sundry debtors that means do you have any business or those were loans given outsiders?? better to file ITR 2 for giving less information to department and early process of return.
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