ITR form selector -

ITR Form Selector

Type of Income: Salary Business Capital Gains House Property Gain from Virtual/Digital Assets Other

Is your business covered under the presumptive scheme?

Residential Status:

Type of Assessee:

Key Benefits of ITR Form Selector

Simplifies Form Selection:
- Users often find it challenging to determine which ITR form to file. The tool eliminates this confusion by automatically recommending the appropriate form based on the provided information.
Reduces Errors:
- Selecting the wrong ITR form can lead to errors and rejections. This tool helps to minimize such risks by ensuring the correct form is chosen, thus enhancing accuracy and compliance.
Saves Time:
- The tool streamlines the form selection process, saving users significant time that would otherwise be spent researching and understanding the different forms.
User-Friendly Interface:
- With an intuitive and straightforward interface, users can easily input their details and quickly receive a recommendation without needing extensive tax knowledge.

Note: ITR-1 cannot be used by a person who:
(a) is a Director in a company
(b) has held any unlisted equity shares at any time during the previous year
(c) has any asset (including financial interest in any entity) located outside India
(d) has signing authority in any account located outside India
(e) has income from any source outside India
(f) is a person in whose case tax has been deducted u/s 194N
(g) is a person in whose case payment or deduction of tax has been deferred on ESOP
(h) has any brought forward loss or loss to be carried forward under any head of income (i) has total income exceeding Rs. 50 lakhs.

We Can use ITR-2 instead of ITR-1

Note: ITR-4 cannot be used by a person who:
(a) is a Director in a company
(b) has held any unlisted equity shares at any time during the previous year
(c) has any asset (including financial interest in any entity) located outside India
(d) has signing authority in any account located outside India
(e) has income from any source outside India
(f) is a person in whose case payment or deduction of tax has been deferred on ESOP
(g) who has any brought forward loss or loss to be carried forward under any head of income (h)has total income exceeding Rs. 50 lakhs.

We can use ITR-3 instead of ITR-4

What is the ITR Form Selector Tool?

The ITR Form Selector Tool is an online application that helps taxpayers determine which Income Tax Return (ITR) form they need to file based on their income types, residential status, and type of assessee (e.g., Individual, HUF, Company, Firm, etc.).

Who can use this tool?

The tool is designed for all types of assessees, including Individuals, Hindu Undivided Families (HUF), Companies, Firms, Association of Persons (AOP), Body of Individuals (BOI), and Local Authorities.

How can I Select the Applicable ITR Form?

By Just providing some information on the tool you can get the applicable ITR Form Applicable to you.