Complete Guide to Choosing the Correct ITR Form
Filing the wrong ITR form is treated as a defective return under Section 139(9) of the Income Tax Act. Check your income criteria carefully before submission.
Frequently Asked Questions (FAQs)
Who is eligible to file ITR-1 (Sahaj)?
ITR-1 is for resident individuals having total income up to ₹50 Lakhs from: (1) Salary/Pension, (2) One House Property, and (3) Other Sources (interest, dividends). It cannot be filed if you have capital gains, business income, or foreign assets.
Who must file ITR-2?
ITR-2 is filed by individuals and HUFs having capital gains (shares, mutual funds, property), more than one house property, unlisted equity shares, company directorship, or foreign assets/income.
