{"id":29340,"date":"2025-05-21T15:46:43","date_gmt":"2025-05-21T10:16:43","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=29340"},"modified":"2025-08-20T17:59:51","modified_gmt":"2025-08-20T12:29:51","slug":"guide-for-choosing-the-correct-itr-form-for-ay-2026","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/guide-for-choosing-the-correct-itr-form-for-ay-2026\/","title":{"rendered":"Guide for choosing the correct ITR form for AY 2026"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d018d3ae0f5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d018d3ae0f5\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/guide-for-choosing-the-correct-itr-form-for-ay-2026\/#Guide_for_choosing_the_correct_ITR_form_for_AY_2026\" title=\"Guide for choosing the correct ITR form for AY 2026\">Guide for choosing the correct ITR form for AY 2026<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/guide-for-choosing-the-correct-itr-form-for-ay-2026\/#Which_ITR_Form_is_Right_for_You\" title=\"Which ITR Form is Right for You?\">Which ITR Form is Right for You?<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/guide-for-choosing-the-correct-itr-form-for-ay-2026\/#ITR_1_Sahaj_Eligible_if\" title=\"ITR 1 (Sahaj) : Eligible if:\">ITR 1 (Sahaj) : Eligible if:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/guide-for-choosing-the-correct-itr-form-for-ay-2026\/#ITR_2_Income_from\" title=\"ITR 2 : Income from:\">ITR 2 : Income from:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/guide-for-choosing-the-correct-itr-form-for-ay-2026\/#ITR_3_Applicable_when\" title=\"ITR 3 : Applicable when:\">ITR 3 : Applicable when:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/guide-for-choosing-the-correct-itr-form-for-ay-2026\/#ITR_4_Sugam_Presumptive_income_scheme\" title=\"ITR 4 (Sugam) : Presumptive income scheme\">ITR 4 (Sugam) : Presumptive income scheme<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/guide-for-choosing-the-correct-itr-form-for-ay-2026\/#Checklist_of_documents_needed_for_tax_filing_for_the_FY_2024%E2%80%9325\" title=\"Checklist of documents needed for tax filing for the FY 2024\u201325\">Checklist of documents needed for tax filing for the FY 2024\u201325<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/guide-for-choosing-the-correct-itr-form-for-ay-2026\/#Documents_List_for_Income_Tax_Filing_FY_2024%E2%80%9325\" title=\"Documents List for Income Tax Filing (FY 2024\u201325)\">Documents List for Income Tax Filing (FY 2024\u201325)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/guide-for-choosing-the-correct-itr-form-for-ay-2026\/#Key_Changes_for_AY_2026_-More_Disclosures_in_ITR\" title=\"Key Changes for AY 2026 -More\u00a0Disclosures in ITR :\">Key Changes for AY 2026 -More\u00a0Disclosures in ITR :<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-29341\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/05\/photo_2025-05-21_15-31-53.jpg\" alt=\"Guide for choosing the correct ITR form for AY 2026\" width=\"1093\" height=\"1093\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/05\/photo_2025-05-21_15-31-53.jpg 1093w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/05\/photo_2025-05-21_15-31-53-300x300.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/05\/photo_2025-05-21_15-31-53-1024x1024.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/05\/photo_2025-05-21_15-31-53-150x150.jpg 150w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/05\/photo_2025-05-21_15-31-53-768x768.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/05\/photo_2025-05-21_15-31-53-800x800.jpg 800w\" sizes=\"(max-width: 1093px) 100vw, 1093px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Guide_for_choosing_the_correct_ITR_form_for_AY_2026\"><\/span><span style=\"color: #000080;\"><strong>Guide for choosing the correct ITR form for AY 2026<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Guide for choosing the correct ITR form for AY 2026 (i.e., for income earned during FY 2024\u201325). Here&#8217;s a breakdown to help you or your clients file the correct Income Tax Return (ITR):<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_ITR_Form_is_Right_for_You\"><\/span><span style=\"color: #000080;\">Which ITR Form is Right for You?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"ITR_1_Sahaj_Eligible_if\"><\/span><span style=\"color: #000080;\">ITR 1 (Sahaj) : Eligible if:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Total income less than \u20b950 lakh<\/li>\n<li>Sources: Salary, Pension, One House Property, and Other Sources<\/li>\n<li>LTCG under \u20b91.25 lakh from listed stocks or equity mutual funds (Section 112A)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Note: Now permitted to include capital gains up to \u20b91.25 lakh in ITR-1 (new rule)<\/p>\n<h4><span class=\"ez-toc-section\" id=\"ITR_2_Income_from\"><\/span><span style=\"color: #000080;\">ITR 2 : Income from:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Any source covered under ITR-1 but exceeding \u20b950 lakh<\/li>\n<li>LTCG above \u20b91.25 lakh<\/li>\n<li>Multiple house properties<\/li>\n<li>Capital gains\/losses from other assets<\/li>\n<li>Foreign income or assets<\/li>\n<li>Crypto income<\/li>\n<li>Holding foreign directorships or shares<\/li>\n<li>Carried forward losses<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"ITR_3_Applicable_when\"><\/span><span style=\"color: #000080;\">ITR 3 : Applicable when:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Income from business or profession<\/li>\n<li>Partnership firm income<\/li>\n<li>Includes all sources covered in ITR-2<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"ITR_4_Sugam_Presumptive_income_scheme\"><\/span><span style=\"color: #000080;\">ITR 4 (Sugam) : Presumptive income scheme<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>For individuals, HUFs, or firms (other than LLPs)<\/li>\n<li>Income up to \u20b950 lakh<\/li>\n<li>From any source covered under ITR-1<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Checklist_of_documents_needed_for_tax_filing_for_the_FY_2024%E2%80%9325\"><\/span><span style=\"color: #000080;\"><strong>Checklist of documents needed for tax filing for the FY 2024\u201325<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-29342\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/05\/photo_2025-05-21_15-24-48.jpg\" alt=\"Checklist of documents needed for tax filing for the FY 2024\u201325\" width=\"1080\" height=\"1080\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/05\/photo_2025-05-21_15-24-48.jpg 1080w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/05\/photo_2025-05-21_15-24-48-300x300.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/05\/photo_2025-05-21_15-24-48-1024x1024.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/05\/photo_2025-05-21_15-24-48-150x150.jpg 150w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/05\/photo_2025-05-21_15-24-48-768x768.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/05\/photo_2025-05-21_15-24-48-800x800.jpg 800w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Documents_List_for_Income_Tax_Filing_FY_2024%E2%80%9325\"><\/span><span style=\"color: #000080;\"><strong>Documents List for Income Tax Filing (FY 2024\u201325)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>For Filing Income Tax Returns for the Financial Year 2024\u201325 with the due date being July 31, 2025. It also includes a helpful checklist of documents needed for tax filing.<\/li>\n<li>Documents List for Tax Filing (FY 2024\u201325): Ensure all documents cover the full financial year: 1 April 2024 to 31 March 2025. Here\u2019s a breakdown of the required documents:<\/li>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Form 16 Part A &amp; B (For salaried persons \u2013 issued by employer)<\/li>\n<li>Stock Trading Information (Details of shares traded)<\/li>\n<li>Bank Statements (Savings, Current, FD Passbook \u2013 covering 01.04.2024 to 31.03.2025)<\/li>\n<li>Loan Statements (Home, Personal, Education Loans for the same period)<\/li>\n<li>Property Transactions (Any property bought or sold)<\/li>\n<li>Business Earnings (Applicable if you have income from business\/profession)<\/li>\n<li>Other Income (Rental income, bank interest, etc.)<\/li>\n<li>Previous Year\u2019s ITR (For reference and continuity)<\/li>\n<li>Investment Proofs for Deductions (Section 80C \u2013 LIC, ELSS, PPF, tuition fees, etc.)<\/li>\n<li>Other Deduction Proofs (Section 80D, 80G \u2013 Medical insurance, donations, etc.)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Key_Changes_for_AY_2026_-More_Disclosures_in_ITR\"><\/span><span style=\"color: #000080;\">Key Changes for AY 2026 -More\u00a0Disclosures in ITR :<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Deductions &amp; exemptions under 80C, HRA, home loans, donations, etc.<\/li>\n<li>TDS on other incomes (dividends, interest) must be reconciled with Form 26AS and AIS.<\/li>\n<li>Capital Gains after 23 July 2024 must be reported separately.<\/li>\n<\/ul>\n<p><span style=\"color: #000080;\">Simplified Rules:<\/span><\/p>\n<ul>\n<li>HUFs are NOT eligible for ITR-1; must file using ITR-2, 3, or 4.<\/li>\n<li>ITR-1 now allows LTCG up to \u20b925 lakh from listed equity.<\/li>\n<li>Schedule AL (Assets &amp; Liabilities): Threshold raised to \u20b91 crore.<\/li>\n<li>Share buyback reporting:<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Income now taxed as dividend under \u201cOther Sources\u201d<\/li>\n<li>Buybacks post 1 Oct 2024: Capital gains can be adjusted.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Guide for choosing the correct ITR form for AY 2026 Guide for choosing the correct ITR form for AY 2026 (i.e., for income earned during FY 2024\u201325). Here&#8217;s a breakdown to help you or your clients file the correct Income Tax Return (ITR): Which ITR Form is Right for You? ITR 1 (Sahaj) : Eligible &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10055],"tags":[10284],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29340"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=29340"}],"version-history":[{"count":2,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29340\/revisions"}],"predecessor-version":[{"id":29344,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29340\/revisions\/29344"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=29340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=29340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=29340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}