Which ITR Form Should I File for AY 2026-27?
For FY 2025-26 / AY 2026-27, form selection depends on income type, residential status, asset reporting, and whether business or professional income exists.
Common starting points - ITR-1 is generally for simple resident individual cases with salary, one house property, other income, and income within the allowed limits. - ITR-2 is commonly considered when capital gains, more than one house property, foreign assets, or similar non-business items are present. - ITR-3 is commonly considered when business or professional income is present. - ITR-4 is commonly considered for eligible presumptive taxation cases.
Documents to check first - Form 16 and salary breakup. - AIS, TIS, and Form 26AS. - Bank interest certificates. - Capital gains statements. - Freelance invoices, expense records, and TDS certificates.
Mistakes to avoid - Filing ITR-1 when freelance or business income exists. - Ignoring AIS entries because TDS is missing. - Choosing a form before checking capital gains or foreign asset reporting. - Treating AI output as final filing advice without source and risk checks.
Use the ITR readiness tool to list missing facts before choosing the form. Use CA review if business income, foreign income, losses, crypto, or high-value mismatches apply.
Disclaimer
Tax rules, thresholds, and calculations are estimates subject to regulatory changes. Always verify information on the official Income Tax or GST portals, or consult a qualified Chartered Accountant before final filing or payment.