Proper ITR Form No.

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79 Points Posted on 08 January 2021
in last asst year I filled itr no.3 as I have income from transport business and have CF of loss.
but this asst yr 20-21 business is no more except salary income.
Can I file Itr-1 for asst year 20-21.
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On 08 January 2021 at 21:27 Report
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This discussion clarifies which Income Tax Return (ITR) form is appropriate when your income sources change. If you previously filed ITR 3 due to transport business income and carried forward losses, but now only have salary income, you may be eligible to file ITR 1 or ITR 2 for the current assessment year. However, if you need to carry forward business losses, filing ITR 3 is still necessary.

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Chartered Accountant
24588 Points Posted on 08 January 2021
In case of no business and if you have salary income then you can file itr 1 or itr 2
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On 08 January 2021 at 21:51
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17269 Points Posted on 08 January 2021
But to carry forward business los, you are required to file ITR3 .
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On 08 January 2021 at 21:51
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Accountant
4533 Points Posted on 08 January 2021
Yes you can
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On 08 January 2021 at 23:03
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524 Points Posted on 09 January 2021
If you have any losses to be carried forward then itr 2 else 1
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On 09 January 2021 at 08:23

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