Choosing the Right ITR Form
- ITR-1: For resident individuals with income up to ₹50 lakhs from salary/pension, one house property, and other sources.
- ITR-2: For income from capital gains, multiple house properties, foreign income/assets, and crypto income (if reported as capital gains).
- ITR-3: For income from business/profession and crypto income (if reported as business income).
- ITR-4: For resident individuals and HUFs with total income up to ₹50 lakhs from salary/pension, one house property, other sources, and presumptive income.
Consult your CA for better clarity on taxes.
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Written by Preet Kaur
Updated over 2 months ago