Itr form selection

I am having following income

  1. Salary
  2. MF redemtion
  3. Listed Shares income and dividend income
  4. Loss in F&O

Please guide me which ITR form (ITR 1/2/3/4) to be filled??

@AkashJhaveri @Saad_C @Divya_Singhvi @Laxmi_Navlani @Kaushal_Soni can you help with this?

Hey @kamlesh_chandekar

In your case, ITR-3 will be applicable as your income also includes F&O transactions.

You can read below article for applicability of ITR-3:

Hope, it helps!

Lets say total income from salary is 53 Lakhs and post deductions total taxable income comes out to be 48 Lakhs. Which ITR I need to file ? ITR1 or ITR2

Hey @Venkitesh_Gopalan, if your salary income is above INR 50 Lakh then you should file ITR 2.

You can use this tool to identify which ITR form you should file.

When filing ITR through Quicko, we select the applicable ITR form for you :slight_smile: