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Anil Rego  | Answer  |Ask -

Financial Planner - Answered on Nov 03, 2021

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more
Archana Question by Archana on Nov 03, 2021Hindi
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Money

I have the following income sources:

  1. House rent
  2. LTCG
  3. STCG
  4. Bank interest
  5. Small share jobbing income (less than Rs 2,000)
  6. Small income from private tuitions (approximately Rs 50,000)

Which ITR should be used for filing return for AY 2021-22?

Note: I was employed till March 2020 and hence was filing regular returns using an ITR-2.

Ans: Income from private tuitions and share jobbing come under the head: Income from business or profession. It requires you to file an ITR-3, especially since you don't seem to have any other major source of income. From FY 2021, you will need to file an ITR-3.

 

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