File the wrong ITR form and your refund gets frozen — or you get a notice and a ₹5,000 late-filing penalty if you miss July 31. With just 12 days left, this one check is worth five minutes of your time.
Which form is yours?
- ITR-1: Salary + one house + FD or savings interest only? This is your form — and it's faster to file than ever, with pre-filled data that's mostly accurate.
- ITR-2: Sold mutual funds, stocks, or a second property this year — even at a small gain or loss? You need ITR-2. It has new fields this year; skipping them triggers a mismatch notice.
- Filing the wrong form marks your return defective — your refund sits frozen until you refile.
What you can do right now
- Log into the income tax portal and open your AIS (Annual Information Statement) — it shows every income the government already knows about. If you see capital gains listed, go straight to ITR-2.
- File before July 25 — the portal gets crowded and error-prone in the final days every year. The calm filing window is right now.
Grow with clarity 🌱