Which ITR Form Should You File for FY 2024-25?
ITR-1 vs ITR-2 vs ITR-3 vs ITR-4 — the form depends on income sources and residential status.
1 Jun 20266 min read
ITR filing, TDS, capital gains, salaried vs business income, advance tax, and tax planning for Indian taxpayers.
ITR-1 vs ITR-2 vs ITR-3 vs ITR-4 — the form depends on income sources and residential status.
Rebate structure, slabs, and the break-even income where the new regime starts to win clearly.
LTCG exemption under Section 112A, STT requirement, and how to handle segregated portfolios and switches.
Section 192, Form 12BA, investment declarations, and the difference between TDS and actual tax.
How to compute rental income, claim the 30 percent standard deduction, and treat home-loan interest.
Section 207 threshold, the 15/45/75/100 percent schedule, and penalties for non-payment under Section 234B and 234C.
Time limit, scenarios where revision is permitted, and common mistakes that lock the original return.
Why linking matters, how to e-verify in 30 seconds, and what happens after you file.
Turnover limit, deemed profit rate, books of accounts, and advance tax relaxation.
100 percent vs 50 percent deduction, qualifying institutions, and the documentation you must keep.