Which ITR to File for AY 2026-27-Choose Correct Form to Avoid Notices - ITR Explained with Flowchart

Confused about Which Income Tax Return (ITR) to file for AY 2026-27? 🤔

This video gives you a complete step-by-step flowchart explanation to help you choose the correct ITR form easily.

📊 Based on the latest ITR rules for FY 2025-26, we explain:

👉 ITR Selection Flow (Simple Method)
✔️ Individual vs Company vs Trust
✔️ Salary / Business / Profession income
✔️ Presumptive taxation (ITR-4 vs ITR-3)
✔️ Simple income up to ₹50 lakh → ITR-1 or ITR-2

👉 Form-wise Explanation:
✔️ ITR-1 (Sahaj) – Salary + limited income
✔️ ITR-2 – Capital gains / multiple properties
✔️ ITR-3 – Business / F&O / intraday traders
✔️ ITR-4 (Sugam) – Presumptive income (44AD/44ADA)
✔️ ITR-5 – Firms, LLPs, others
✔️ ITR-6 – Companies
✔️ ITR-7 – Trusts / NGOs

👉 Important Restrictions Covered:
❌ Who cannot file ITR-1 & ITR-4
❌ Foreign assets, director in company, ESOP cases
❌ Unlisted shares & special cases

👉 Bonus:
✔️ ITR-V & ITR-U explained
✔️ Updated return (48 months rule)

🎯 This video is perfect for:

Salaried employees
Traders (F&O / Intraday)
Business owners & professionals
Beginners filing ITR

📌 Watch till the end to avoid selecting the wrong ITR form!

👉 Share this video to help others choose the correct ITR ✅

#ITR2026
#WhichITRtoFile
#ITRForms
#ITR1
#ITR2
#ITR3
#ITR4
#ITR5
#ITR6
#ITR7
#IncomeTaxIndia
#ITRGuide
#TaxFiling
#ITRFlowchart
#FilingITR
#TaxPlanning
#AY2026_27
#PersonalTax
#FNOTrading
#IntradayTrading

Видео Which ITR to File for AY 2026-27-Choose Correct Form to Avoid Notices - ITR Explained with Flowchart канала Personal Tax and Finance