Use of proper itr

This discussion clarifies the correct Income Tax Return (ITR) form to use, particularly when dealing with only savings and investment income like mutual funds and shares, and no salary income. It highlights that ITR 1 might be mistakenly filed, and if so, a revised return can be submitted. The key takeaway is that the choice between ITR 1 and ITR 2 depends on your income sources, thresholds, and other factors.