I am a senior citizen with main income from interests, dividend, sometimes LTCG and freelance technical consultancy with total income less than about 12 lakhs per annum.
which ITR form shoild I use?
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ITR Form for income from freelance consultancy
Replies (2)
Quick Summary
The senior citizen must file ITR-3. Even though their income is below ₹50 Lakhs and they qualify for professional presumptive taxation (Section 44ADA), the presence of Long-Term Capital Gains (LTCG) automatically disqualifies them from using ITR-4, making ITR-3 the correct choice.
Good morning Sharmaji,
if there is no LTCG (it depends on the particular year transaction) then can we file under ITR1?
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