Which form to use -- ITR 2, 3 or 4?

I am a Senior citizen, and for AY 20-21, I have income from following sources: (i) Superannuation payment (coming from LIC): Rs 3 Lac p.a. (shown under Salaries head) (ii) Professional Charges as Visiting Faculty from Colleges: approx. Rs 4 Lac p.a. (iii) Income from Dividends and Interest :approx. Rs 15 lacs p.a. Which would be the right ITR form to file in such a case? Can I file ITR-2 as that appears to be the simplest? Many thanks for your advise.

 

Replies (4)
Quick Summary
This discussion addresses which Income Tax Return (ITR) form a senior citizen should use. The individual has income from superannuation, professional charges as visiting faculty, and significant income from dividends and interest. While ITR-2 was considered for its simplicity, the consensus leans towards using ITR-3 or ITR-4 for accurate filing given the diverse income streams.

In my opinion, ITR 3 or ITR 4 will do

You should use ITR 3

I suggest you to go for itr 3
Itr 4 will be simple for you to file
or you can file ITR 3

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