Question
I have salary and some mutual-fund gains. Which ITR form applies to me for AY 2027-28?
Answer
Choose by income type: ITR-1 (Sahaj) for salary, one or two house properties and total income up to Rs 50 lakh (it now allows listed LTCG up to Rs 1.25 lakh); ITR-2 for capital gains above that, more than one house property, foreign assets or income above Rs 50 lakh; ITR-3 for business or professional income; and ITR-4 (Sugam) for presumptive business income. Any short-term capital gains, or capital gains above Rs 1.25 lakh, push you to ITR-2. Picking the wrong form can make the return defective, so match the form to your income carefully.
This answer is general information based on the law as it stood when written and is not professional advice on your specific situation. Verify the current position and consult a qualified professional before acting. See our disclaimer.