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Income Tax Return (ITR) form is appropriate for them for Assessment Year 2025-26 based on their income sources and taxpayer category.
For salaried individuals with simple income, ITR 1 is Eligible if individuals are a resident individual (not HUF or NRI), Total income ≤ ₹50 lakh, Income sources include Salary/pension, One house property (no carry forward), Other income (e.g., interest), Agricultural income ≤ ₹5,000
individuals Not eligible ITR 1 (Sahaj) if: individuals is Director in a company, Invested in unlisted shares, Foreign income/assets, Capital gains (except exempt LTCG ≤ ₹1 lakh on shares/mutual funds)
For investors, NRIs, and those with capital gains or multiple properties. Eligible if You are an individual or HUF, Income includes Salary/pension, Multiple house properties, Capital gains, Foreign income/assets, Agricultural income > ₹5,000, NROR or NRI, Director in a company, Holding unlisted shares, Spouse’s income (clubbing)
Not eligible ITR 2 if Income from business or profession
For business owners, freelancers, and partners in firms, ITR 3 is Eligible if You are an individual or HUF with Business/professional income, Partner in firm (not LLP), Presumptive income (with losses or > ₹50 lakh)
Note: ITR 3 is applicable or Required if ITR 1, 2, or 4 doesn’t apply and Use Form 10-IEA to opt out of new regime
For small businesses and professionals under presumptive tax. ITR 4 (Sugam is Eligible if You are a resident individual, HUF, or firm (not LLP) and Total income ≤ ₹50 lakh.
Income under presumptive taxation applicable
ITR 4 (Sugam) is not eligible if Director in company, Invested in unlisted shares, NROR/NRI, Income > ₹50 lakh, More than 1 house property, Brought forward losses
Freelancer Tip: Use ITR 4 if under presumptive taxation.
For LLPs, AOPs, BOIs, and co-operative societies. ITR 5 is eligible if taxpayer are a LLP, AOP/BOI, Society/trust/estate/firm (not individual/HUF),
ITR 5 is Not eligible if Individual or HUF, Company.
Preparation is key to filing your Income Tax Return smoothly and accurately. Before you begin, ensure you have the following documents and information readily available:
Applicable for freelancers, professionals, and business owners:
File Smart, File Stress-Free Filing Taxpayer ITR for AY 2025–26 doesn’t have to be stressful. By Understanding your ITR form requirements, Systematically gathering the necessary documents, Following the step-by-step filing process, and Leveraging the Income Tax Department’s e-filing portal, Taxpayer can meet your tax obligations accurately and on time.
Pro Tips for a Hassle-Free Filing Experience by Review pre-filled information carefully for discrepancies, Cross-verify TDS and income details with Form 26AS, AIS, and TIS. Select the correct ITR form to avoid notices and rejections. Moreover, that Opt for the correct tax regime (Old vs. New) based on your deductions and income structure. Don’t forget to verify your return within 30 days post-submission to complete the filing process.
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