What is the difference between ITR-1 and ITR-4?

ITR-1 is for salaried individuals with income up to ₹50 lakh from salary, one house property, and other sources. ITR-4 (Sugam) is for individuals, HUFs, and partnership firms (not LLP) having presumptive business income under sections 44AD, 44AE, or 44ADA.

Can I file ITR-2 if I have business income?

No, ITR-2 is for individuals/HUFs without business or profession income. If you have business income, you must file ITR-3 (regular business) or ITR-4 (presumptive business).

Which ITR form should a company file?

Companies (other than those claiming exemption under Section 11) must file ITR-6. If the company is exempt under Section 11 (charitable/religious trusts), ITR-7 applies.

How can Liquetax help me choose the right ITR form?

Liquetax experts review your income sources, investments, and entity type to recommend the most suitable ITR form, ensuring accurate and compliant filing.

Income Tax

Which ITR Form Should You Choose? ITR-1 to ITR-7 Explained

Confused which ITR form to file? Learn ITR-1 to ITR-7 differences, eligibility, and choose the right form for AY 2026-27. Expert help from Liquetax.

What this guide covers

What does Which ITR Form Should You Choose? ITR 1 to ITR 7 Explained mean in practice?
Who is affected and what should they check first?
Which documents or records should be kept ready?
What common mistakes should be avoided?