Which form should a taxpayer use to file his income tax return for the assessment year 2026-27?
| Nature of income | ITR 1* | ITR 2 | ITR 3 | ITR 4* |
| Salary Income | ||||
| Income from salary/pension (for ordinarily resident person) | ✓ | ✓ | ✓ | ✓ |
| Income from salary/pension (for not ordinarily resident and non-resident person) | ✓ | ✓ | ||
| Any individual who is a director in any company | ✓ | ✓ | ||
| If payment of tax in respect of ESOPs allotted by an eligible start-up has been deferred | ✓ | ✓ | ||
| Income from House Property | ||||
| Income or loss from two house properties (excluding brought forward losses and losses to be carried forward) | ✓ | ✓ | ✓ | ✓ |
| Individual has brought forward loss or losses to be carried forward under the head House Property | ✓ | ✓ | ||
| Income or loss from more than two house properties | ✓ | ✓ | ||
| Income from Business or Profession | ||||
| Income from business or profession | ✓ | |||
| Income from presumptive business or profession covered under section 44AD, 44ADA and 44AE (for person resident in India) | ✓ | |||
| Income from presumptive business or profession covered under section 44AD, 44ADA and 44AE (for not ordinarily resident and non-resident person) | ✓ | |||
| Interest, salary, bonus, commission or share of profit received by a partner from a partnership firm | ✓ | |||
| Capital Gains | ||||
| Long-term capital gains taxable under Section 112A and not exceeding Rs. 1.25 lakhs | ✓ | ✓ | ✓ | ✓ |
| Long-term capital gains taxable under the following provisions: • Section 112A and it exceeds Rs. 1.25 lakhs • Section | ✓ | ✓ | ||
| Short-term capital gains taxable under any provision | ✓ | ✓ | ||
| Taxpayer has held unlisted equity shares at any time during the previous year | ✓ | ✓ | ||
| Capital gains/loss on sale of investments/property | ✓ | ✓ | ||
Radhika Goyal is Author of Taxconcept Gurugram head office, for deeply reported tax, gst and income tax articles on issues that matter. He splits her time between New Delhi and Bengaluru, and has worked as a reporter, a podcaster and an editor for publications across India.