ITR

As taxpayers begin preparing their Income Tax Returns (ITRs) for Assessment Year (AY) 2026-27, one of the most important decisions is selecting the correct ITR form. While filing returns has become easier through pre-filled information and online filing tools, choosing the wrong form can still create problems for taxpayers.

According to Income Tax Department rules, filing an incorrect ITR form may result in the return being treated as defective. In such cases, taxpayers may receive a notice asking them to correct and refile their return within a specified period.

The choice of ITR form depends mainly on the taxpayer’s source of income, total annual income, investment activity, and whether they earn income from business or professional services.