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ITR selection.

Mansoor ashraf (42 Points)

03 September 2020

if i file ITR 1 Assessment year 19-20 so can i choose another ITR to same person in next year ?

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4 Replies

Asha Kanta Sharma (Manager - Finance & Accounts) (36355 Points)
Replied 03 September 2020

It depends on the Type of Income for the concerned financial year

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Mansoor ashraf (42 Points)
Replied 03 September 2020

If i have income that have to show in ITR 3 so can i choose this form..

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 03 September 2020

Yes, you can choose different form for different year as per your source of income..
1. If you have salary income, one House property income and others sources income than required to file ITR 1.
2. If You have Capital Gain income along with Above mentioned income than required to file ITR 2
3. If You have business income than required to file ITR 3 and ITR 4 as the case may be..
ect.....

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sabyasachi mukherjee (27574 Points)
Replied 03 September 2020

Choosing a itr depends on the nature and source of income.
As a result income earned during the previous year pertaining to the relevant assesment year has to be correctly reflected and hence it is being done.