![\"ITR](\"https:\/\/static.toiimg.com\/thumb\/msid-132066495,imgsize-596514,width-400,height-225,resizemode-4\/itr-filing-choosing-form.jpg\" "\\"ITR")
<\/div>\n<\/div>\n<\/div>\nITR filing FY 2025-26: Any easy mistake to make when filing your income tax return is the form that you choose for ITR. This can especially be the case for salaried taxpayers who can get confused between ITR-1 and ITR-2. There are a total of seven income tax return filing forms and each year there are changes in some of these forms, so it\u2019s important to be informed if your ITR form for a financial year is different from the previous year. For example, till a few years ago, those with capital gains arising from sale of assets like mutual funds etc. were required to file ITR-2 even if their salary income was below Rs 50 lakh.\u201cWhile selecting the ITR form which is applicable in their case, taxpayers must pay close attention to eligibility conditions linked to their income profile, residential status, and nature of transactions,\u201d says Richa Sawhney, Tax Partner, Grant Thornton Bharat.Also Read | ITR filing: How to pay zero tax under new and old tax regime – know all about Section 87A rebate<\/a>\u201cGiven that these factors can vary from year to year, taxpayers should reassess all parameters annually to ensure accurate reporting. This will also ensure smooth processing of their return. The choice of form should not be treated as a mechanical carry-forward of the previous year\u2019s position. It is also important to note that for AY 2026\u201327, returns will be governed by the provisions of the Income-tax Act, 1961,\u201d Richa Sawhney tells TOI.<\/p>\n The ITR Forms applicable for AY 2026 -27 are as follows:<\/span><\/p>\n Eligible persons: Resident Individual (Other than not ordinarily resident)Who can file?<\/span><\/p>\n Who cannot file?<\/span><\/p>\n <\/p>\n Eligible persons: Resident individuals including not ordinary residents, and Non-Resident; HUF Who can file?<\/span><\/p>\n Who cannot file?<\/span>Individual and HUF with income from business or professionAlso Read | ITR filing FY 2025-26: Old vs new income tax regime – how salaried taxpayers can lower tax outgo<\/a><\/p>\n Eligible persons: Individual and HUF Who can file?<\/span><\/p>\n Who cannot file?<\/span>Individual\/HUF eligible for ITR-1, 2 and 4<\/p>\n Eligible persons: Resident Individual and HUF (other than not ordinarily resident) , and Resident Firm (other than LLP)Who can file?<\/span><\/p>\n Who cannot file?<\/span><\/p>\nITR filing FY 2025-26: Which is the right tax return form for you?<\/h2>\n<\/p>\n
ITR-1 (SAHAJ)<\/h3>\n<\/p>\n
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ITR -2<\/h3>\n<\/p>\n
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ITR -3<\/h3>\n<\/p>\n
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ITR-4 (SUGAM)<\/h2>\n<\/p>\n
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