Which ITR to choose

Dear Respected Sirs/madam,

I have income from NCD's , fixed deposits, Bank savings interest, Capital gains from MF (less than 1.25 Lakh) 

I also take tutions at home which I used to report under "SCHEDULE OS INCOME FROM OTHER SOURCES --> Any other income (please specify nature)" section earlier in the ITR. 

This year while filing the return I get option to choose ITR 1 and ITR 4.

Based on above information please suggest which ITR to choose. 

thanks for your help

KV 

 

 

Replies (3)
Quick Summary
This discussion helps individuals determine the correct Income Tax Return (ITR) form to use. The user has income from NCDs, fixed deposits, savings interest, mutual fund capital gains, and home tuition. They are unsure whether to file using ITR 1 or ITR 4, seeking guidance on the appropriate selection based on their diverse income sources.

You can file ITR 1, if the LTCG from MF is u/s. 112A.

Yes I think you need to file ITR 1 since I think your tution income can't come under profession u/s 44,AD

Thanks both for a quick response !! 

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