Select the correct ITR form. Compare ITR-1, ITR-2, ITR-3 and ITR-4 forms Know which form to use and to remain hassle free while filing returns and avoid income tax notice<\/p>\n\n\n\n
Filing your income tax return is not only about reporting your income and paying tax. Selecting the correct ITR form is also of equal importance. Choose the wrong form and your return could be defective, or may require correction later.<\/p>\n\n\n\n
This is a common confusion. Are you filing ITR-1 because you have salary income?<\/strong> Selling Share \u2013 Do I need ITR-2? What if you own a small business or are a professional?<\/strong><\/p>\n\n\n\n It is contingent upon your sources of income, residential status, capital gains, business activity and other facts. So, let us understand ITR-1, ITR-2, ITR-3 and ITR-4 in simple language.<\/p>\n\n\n\n