ITR-1 to ITR-7 Explained in Malayalam | Income Tax Filing Guide 2025 | Podcast EP-1

Описание: ⚠️ Disclaimer:
This video was shot before a recent amendment.
Now, ITR-1 & ITR-4 allow reporting of LTCG up to ₹1.25 lakh under Section 112A,only if there’s no capital loss to carry forward.
[The presumptive taxation scheme under section 44AD gives relief to small taxpayers having business income up to Rs. 2 Crores. If the cash receipts during the year falls within 5% of the total revenue, business having turnover up to Rs. 3 crore can opt for presumptive taxation.
The benefit of section 44ADA can be taken only by those specified professionals whose annual gross receipts are under Rs.50 lakh (This limit is Rs.75 lakh, provided 95% of the receipts are through recognized banking channels).

Filing your Income Tax Return (ITR) in 2025? Not sure which form to choose?
This podcast-style video breaks down the different ITR forms (ITR-1 to ITR-7) in simple terms — who should file which form, key differences, and common mistakes to avoid.
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🎙️ In this episode, we cover:

Who should file ITR-1, ITR-2, ITR-3, etc.

Key differences between each ITR form

Common filing mistakes and how to avoid them

Recent updates relevant for 2025

👉 Whether you're salaried, a freelancer, an NRI, or a business owner — this video helps you understand which ITR form is right for you.

🎨 Creative Head: Jewel Johnson
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