Filing the wrong ITR form can make your return defective. Here is a simple guide to choosing between ITR-1, ITR-2, ITR-3 and ITR-4 based on your income sources.
The Income Tax Department has different return forms for different kinds of taxpayers. Choosing the wrong one can lead to a defective return notice, so start here.
ITR-1 (Sahaj)
For resident individuals with total income up to ₹50 lakh from salary or pension, one house property, other sources (interest, family pension) and agricultural income up to ₹5,000. Small long-term capital gains on listed equity (within the exemption limit) can also be reported in ITR-1 as per the latest form.
ITR-2
For individuals and HUFs without business income who have capital gains (shares, mutual funds, property), more than one house property, foreign assets or income, or income above ₹50 lakh.
ITR-3
For individuals and HUFs with income from business or profession where regular books of accounts are maintained — including traders in F&O and intraday, and partners in firms.
ITR-4 (Sugam)
For residents opting for presumptive taxation under Sections 44AD, 44ADA or 44AE (small businesses, doctors, consultants, freelancers, transporters) with total income up to ₹50 lakh.
Quick decision guide
- Only salary + bank interest → ITR-1
- Salary + shares / mutual fund gains → ITR-2
- Freelancer or professional on presumptive basis → ITR-4
- F&O trading, business with books of accounts → ITR-3
Need help?
Our CA team prepares your return, reconciles it with Form 26AS and AIS, and files it with the correct form — usually within 24 hours of receiving your documents.
Want an expert to handle this for you?
Our CAs can do it for you — accurately, on time, with a fixed fee. First consultation is free.