Finance
Big GuyITR-1 or ITR-4? Don’t Pick the Wrong Tax Form, Buddy!
Hey there, tax buddies! The Income Tax Department just rolled out online filing for ITR-1 and ITR-4 for 2026-27! But hold your horses—choose the wrong form, and you might end up with a notice that says, ‘How you doin’?’ So, if you’ve got side gigs, you might need ITR-4, not just ITR-1. Check your forms, or you might be in for a surprise!
few days ago | Amit Kumar
Quick rundown
1.Choosing the wrong ITR form can lead to defective returns.
2.Freelancers should consider ITR-4 for side income.
3.Salaried individuals often mistakenly file ITR-1.
4.Presumptive taxation applies to specific professional incomes.
5.Verify all data before filing to avoid scrutiny.
