SHARMA & ASSOCIATES

• Who Should File:
• Individuals and Hindu Undivided Families (HUFs) who have income from sources other than business or profession.
• Includes individuals with income from salary, house property, capital gains, or other sources.

Types of Income:

• Salary, pension, or income from multiple house properties.
• Capital gains (long-term and short-term) from the sale of shares, mutual funds, property, etc.
• Income from foreign assets.
• Income from other sources (like lottery, dividends).

Exclusions:

• Individuals or HUFs earning income from business/profession (they need to file ITR-3).