Which ITR Should a Company Director File?
For AY 2026-27, being a director in a company makes ITR-1 and ITR-4 unavailable. If the director has no business/professional income, ITR-2 is generally applicable; business/professional income can require ITR-3.
Quick Answer
In practical terms, For AY 2026-27, being a director in a company makes ITR-1 and ITR-4 unavailable. If the director has no business/professional income, ITR-2 is generally applicable; business/professional income can require ITR-3.
Who can use the simpler ITR forms?
The Income Tax Department states that an individual who is a director in a company is required to furnish ITR-2 when within the ITR-2 category. ITR-1 and ITR-4 both exclude company directors.
What to check before choosing the ITR
If the director also has business/professional income, ITR-3 generally becomes relevant unless the specific facts qualify for ITR-4; however, ITR-4 itself excludes company directors.
When another ITR may be required
Review director status along with salary, sitting fees, dividend, capital gains, business income and other sources before selecting the form.
Practical filing tip
Being a company director can affect ITR eligibility depending on the nature of your income and other conditions. Review director-related income and any business or professional income before selecting the return form.
Related EZTax Questions
- Who Can File ITR-2 for AY 2026-27?
- Who Can File ITR-3 for AY 2026-27?
- Who Can File ITR-1 (Sahaj) for AY 2026-27?
