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Personal Finance

How to choose the right ITR form for this financial year

Updated : July 19, 2018 10:02 PM IST

Different forms are applicable for different assessees, based on factors such as quantum of income, type of income, residential status of the taxpayer etc.
Selection of the right form is vital as choosing the wrong form will make your return invalid.
The new forms incorporate modifications brought about in the Finance Act, 2017. Also, the deadline (unless extended) is not applicable to individuals and firms whose accounts are required to be audited.
How to choose the right ITR form for this financial year
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