ITR select filing type : Solved
When filing your Income Tax Return (ITR) for AY 2026-27, “Selecting the Filing Type” refers to two distinct choices on the Income Tax e-Filing portal: the Filing Mode (how you submit) and the Return Type (the legal status of your submission).
1. Select Your Return Type (Section 139)
Before choosing a form, you must tell the system why you are filing now e.g for AY 2026-27:
- Original Return [u/s 139(1)]: Select this if you are filing for the first time for the year before the July 31, 2026 deadline (for salaried Employee)
- Belated Return [u/s 139(4)]: Select this if you missed the July deadline. You can file this until December 31, 2026, but it usually involves a late fee of up to ₹5,000.
- Revised Return [u/s 139(5)]: Select this if you already filed an original or belated return but found a mistake (like missing income or wrong deductions) and want to correct it. Last date upto 31st March 2027
- Updated Return (ITR-U): This is for filing or updating returns up to 24 months after the end of the assessment year, usually involving additional tax.
2. Select the Correct ITR Form
Based on your income of ₹15 lakh, you must choose the form that matches your income sources:
| Form | Who Should Select It? |
|---|---|
| ITR-1 (Sahaj) | Resident individuals with income up to ₹50 lakh from Salary, one House Property, and Other Sources (like interest). |
| ITR-2 | Individuals with income over ₹50 lakh, Capital Gains (from stocks/property), multiple house properties, or foreign assets. |
| ITR-3 | Individuals with income from a Business or Profession (e.g., F&O trading, consultancy) who maintain books of accounts. |
| ITR-4 (Sugam) | For small businesses/professionals opting for the Presumptive Taxation Scheme (declaring a flat % of turnover as profit). |
3. Select the Filing Mode
- Online Mode: Best for individuals. You fill the data directly on the website. The portal often provides a “Help me decide” wizard to guide your selection.
- Offline Mode: You download a “JSON utility,” fill it out on your computer, and then upload the final file to the portal.
Note for AY 2026-27: Even though the New Income Tax Act 2025 begins in April 2026, returns for income earned in FY 2025-26 (AY 2026-27) are still governed by the Income Tax Act 1961 rules.