Which ITR Form Should I File for AY 2026-27? — Decision Tree Across ITR-1, ITR-2, ITR-3, and ITR-4 (Sugam) with Worked Examples
Pick the right ITR for AY 2026-27. ITR-1 (Sahaj) now allows two house properties + LTCG u/s 112A up to Rs.1.25L (CBDT Notif 45/2026). ITR-2 for capital gains above Rs.1.25L, foreign assets, NRI/RNOR. ITR-3 for any business/professional income. ITR-4 (Sugam) for 44AD/44ADA/44AE presumptive. Filing the wrong form triggers Sec 139(9) defective notice.
Karan Malhotra
@ca_karan
Audit and assurance work out of Chandigarh — bank and statutory audits, mostly. Passionate about clean financial reporting.