Introduction
Choosing the correct ITR form is the foundation of a successful income tax filing process. Filing the wrong form can result in your return being rejected. This guide will help you select the correct form for AY 2025–26, based on your income type.
Types of ITR Forms
| ITR Form | Suitable For |
|---|---|
| ITR-1 (Sahaj) | Salaried individuals, income < ₹50 lakh, 1 house property, income from other sources |
| ITR-2 | Individuals with capital gains, more than one property, or foreign assets/income |
| ITR-3 | Business income, partners in firms |
| ITR-4 (Sugam) | Presumptive taxation scheme (Sections 44AD/ADA) |
New Changes for AY 2025–26
- Capital Gains Reporting: Exemption limit raised to ₹1.25 lakh. Now reportable in ITR-1/4.
- Expanded HRA Disclosure: PAN of landlord, rent receipts, place of work required.
- Default Regime: New regime is default. Opt for old regime via Form 10-IEA.
Why Form Selection Matters
Incorrect form can lead to:
- Return rejection
- Loss of deductions
- Delayed refunds
Pro Tip
If unsure, consult a CA in Andheri Mumbai to evaluate your eligibility and help you file the most accurate ITR.
