Which ITR form is right for you? | All about ITR forms with Summary | Commerce News Guruji

Описание: Choosing the correct Income Tax Return (ITR) form is the crucial first step to ensuring a smooth and compliant tax filing process. Selecting the wrong form can lead to your return being deemed defective, requiring you to refile it, which can cause significant delays. The appropriate form depends on your sources of income, your total income, and whether you are a resident or a non-resident.

In this video we’ll discuss in detail about:
1. Which Taxpayer can file which ITR form?
2. Which Income can be disclosed in which ITR form?
3. Relation amongst all of the ITR forms
4. Due dates for filing of ITR forms
5. Detailed Summary with respect to Taxpayers
6. Detailed Summary with respect to type of Incomes
7. Steps to select correct ITR forms

For your ease, time-stamps are provided hereunder:
1A. Who can file ITR-1? [01:13]
1B. Which income can be shown in ITR-1? [01:48]
1C. Who can’t file ITR-1? [04:22]
2A. Who can file ITR-2? [05:45]
2B. Which income can be shown in ITR-2? [06:13]
2C. Who can’t file ITR-2? [07:11]
3A. Who can file ITR-4? [07:24]
3B. Which income can be shown in ITR-4? [7:50]
3C. Who can’t file ITR-4? [09:16]
4A. Who can file ITR-3? [09:41]
4B. Which income can be shown in ITR-3? [10:11]
4C. Who can’t file ITR-3? [10:51]
5A. Relation between ITR-1 and ITR-2 [11:02]
5B. Relation between ITR-3 and ITR-4 [11:19]
5C. Relation between ITR-1 and ITR-4 [11:36]
5D. Relation between ITR-2 and ITR-3 [11:51]
6A. Who can file ITR-6? [12:06]
6B. Which income can be shown in ITR-6? [12:11]
6C. Who can’t file ITR-6? [12:21]
7A. Who can file ITR-7? [12:42]
7B. Which income can be shown in ITR-7? [13:02]
7C. Who can’t file ITR-7? [13:11]
8A. Who can file ITR-5? [13:28]
8B. Which income can be shown in ITR-5? [13:39]
8C. Who can’t file ITR-5? [13:58]
9. Due Dates of ITRs [14:05]
10A. Summary on the basis of Taxpayers [15:10]
10B. Summary on the basis of type of Incomes [17:05]
11. Steps to select correct ITR for you [19:37]

But, I request you to watch the video till last for better understanding.

Watch the video “Tax treatment of different Trading Incomes”
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