Mumbai, July 7, 2025 – With the Income Tax Return (ITR) filing deadline fast approaching, taxpayers are advised to select the correct ITR form based on their income sources to ensure smooth and accurate filing. Filing with the wrong form can lead to delays, penalties, or even scrutiny by the Income Tax Department.
The department offers different ITR forms tailored for various taxpayer categories. For example, salaried individuals earning up to ₹50 lakh annually and with no business income should file ITR-1 (Sahaj). Meanwhile, those with income from business or profession may need to file ITR-3 or ITR-4, depending on the type of business and whether they opt for presumptive taxation.
Tax experts stress the importance of verifying eligibility before selecting a form. Filing the wrong form could lead to your return being rejected or flagged for review. To avoid last-minute stress, taxpayers are encouraged to review guidelines and complete their filing well before the deadline.
- July 7, 2025
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