Practical Finance Training
213 Points
Posted on 16 June 2026
The right ITR form is determined by the nature of the income and the taxpayer's position, rather than the quantity of income.
ITR-1 (Sahaj): For resident individuals with salary/pension income, income from house property, and other sources, subject to the prescribed conditions.
ITR-2: For individuals/HUFs with capital gains, multiple house properties, foreign assets/income, etc., but no business or professional income.
ITR-3: For individuals/HUFs with business or professional income, including freelancing, consultancy, commission, brokerage, or proprietorship bus
ITR-4 (Sugam): For qualified taxpayers who choose presumptive taxation under sections 44AD, 44ADA, or 44AE, subject to eligibility requirements.
Please provide your income sources (salary, capital gains, business/professional income, home property income, etc.), residence status, and if you want presumptive taxes. Based on these facts, the suitable ITR form may be appropriately recommended.