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ITR for advocate

Suresh Phadkule (Advocate ) (17 Points)

15 March 2025

Which ITR is to submitted by an advocate who is getting pension from his previous job?

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (6814 Points)
Replied 15 March 2025

As an advocate receiving pension from a previous job, the appropriate ITR form to submit depends on the advocate's income sources and requirements.

ITR Forms: *ITR-1:* - Eligibility: Individuals with income from salaries, one house property, and other sources (excluding income from business or profession). - Applicability: If the advocate's only sources of income are pension and possibly some interest income or dividend income, ITR-1 might be applicable.

*ITR-2:* - Eligibility: Individuals with income from salaries, more than one house property, and other sources (excluding income from business or profession). - Applicability: If the advocate has income from multiple house properties or other complex income sources,

ITR-2 might be more suitable.

*ITR-3:* - Eligibility: Individuals with income from business or profession. - Applicability: As an advocate, if you have income from your professional practice, you would typically file ITR-

3. *ITR-4:* - Eligibility: Individuals with income from business or profession, opting for the presumptive taxation scheme. - Applicability:

If the advocate's professional income is eligible for the presumptive taxation scheme, ITR-4 might be applicable. Recommendation:

Given the advocate's pension income and potential professional income, it's likely that ITR-3 or ITR-4 would be the most suitable options.

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