ITR form. FY 2022-23 AY 2023-24

This discussion addresses whether an individual can file using ITR 1 for FY 2022-23 if they have incurred losses from mutual fund investments. The advice given suggests that due to the mutual fund losses, ITR 1 may not be suitable. It's recommended to consider ITR 2 or ITR 3 instead, as losses cannot be carried forward with ITR 1. Filing is possible until the end of the assessment year, but the type of loss impacts the form choice.