
Choosing the wrong ITR form can make your tax return invalid and lead to unnecessary hassles. In this insightful discussion, wealth management advisor Gauri Chadha explains why taxpayers often select the wrong form and how different income sources—including salary, business income, capital gains, interest income, house property, and foreign income—determine the correct ITR category. She also breaks down the latest changes in ITR-1, explains when ITR-2, ITR-3, and ITR-4 apply, and shares practical tips to help taxpayers avoid costly filing mistakes while ensuring compliance with the latest income tax rules.