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ITR FY 2021-22 AY 2022-23

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Sandeep Jain

Pivate

706 Points Posted on 28 December 2022

Dear Sir,

I have filed ITR-1 FY 2019-20 income from Salary interest from FD tution fees Total income Rs.234600/-in FY 2020-21 Filed ITR4 under 44AD ncome from boutique, interest from FD Saving account and tution fees Total income Rs.367000/- in FY 2021-22 Income from Salary interest from FD and minor income tution fees Total income less the 250000 so can I go for ITR 1 Or mandatory to file ITR4. But no boutique income

please suggest

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Quick Summary

This discussion addresses the correct Income Tax Return (ITR) form for the Financial Year 2021-22 (Assessment Year 2022-23). The user previously filed ITR-1 and ITR-4 for earlier years, with income from salary, interest, and tuition fees, and also from a boutique business. They are seeking guidance on whether to use ITR-1 or ITR-4 for FY 2021-22, especially if their boutique income has ceased and their total income is below ₹2.5 lakhs. The advice suggests ITR-4 may still be appropriate, particularly if there's any possibility of future business income.