Which ITR to choose

ITR 100 views 3 replies

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)

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 !! 


CCI Pro

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