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Bloomberg Quint

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ITR Filing: All You Need To Know About Income Tax Return Forms For Senior Citizens

  • Senior citizens need to choose the right Income Tax Return (ITR) form depending on their income sources to avoid filing errors.
  • ITR forms designated for senior citizens include ITR-1, ITR-2, ITR-3, and ITR-4 based on income from various sources.
  • Super senior citizens (above 80 years) have the option to file ITR-1 or ITR-4 on paper if not claiming a refund, providing assistance to those less familiar with online filing.
  • Selecting the correct ITR form is crucial for smooth processing, swift refunds, and minimizing the risk of rejections, emphasizing the importance of seeking advice from tax advisors when needed.

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