Decision Wizards — Which Form, Regime & Structure

Answer a few questions and the wizard tells you the right path — which ITR form, old or new regime, Pvt Ltd vs LLP vs OPC, whether you must register for GST, which court for your dispute. Free and instant.

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What you can do here

Which ITR form? (Sahaj 1, 2, 3, 4 or 6)
Old regime vs new regime — which saves more?
Business structure: Pvt Ltd vs LLP vs OPC vs proprietorship
Do you need to register for GST?
Which court / forum for your dispute?

Which ITR form — and why it matters more than it looks

The form is decided by the kinds of income you have, not by how much you earn. ITR-1 covers simple salary, one house property and modest other income within limits. Sell listed shares and you need ITR-2. Run a business or profession with books and it is ITR-3; opt for presumptive taxation under 44AD or 44ADA and it is ITR-4. Filing on the wrong form makes the return defective, and an uncorrected defective return is treated as never filed.

Old regime or new — decide with your own numbers

The new regime is the default now, so doing nothing chooses it. The question is simply whether your genuine deductions outweigh the lower rates. Large rent with HRA, a full 80C, and home-loan interest push towards the old regime; few deductions push towards the new. Salaried taxpayers can switch each year at filing, but those with business or professional income must file Form 10-IEA and cannot flip freely. Run both computations on your real figures — most online comparisons omit HRA, which is the largest deduction for anyone renting.

Private limited, LLP, OPC or proprietorship

Decide on funding first, because it eliminates most options. If you intend to raise external investment, a private limited company is effectively the only practical structure. If you do not, an LLP gives the same limited liability with materially lighter and cheaper annual compliance. An OPC suits a single founder but must convert once it crosses prescribed thresholds. A proprietorship is cheapest and simplest but leaves your personal assets exposed. The right question is not which is best, but which obligations you are willing to carry every year.

Do you actually need to register for GST

Registration is mandatory once turnover crosses the threshold — broadly ₹40 lakh for goods and ₹20 lakh for services, with lower limits in special-category states. Some situations require registration regardless of turnover, including inter-state supply of goods, and supplying through an e-commerce operator. Voluntary registration is available and sometimes worth it for input credit or because customers require a GSTIN, but it starts a permanent return cycle that continues even at zero turnover.

Which forum hears your dispute

Choosing the wrong forum wastes months. Consumer complaints go to the consumer commissions by value, and they are designed to be used without a lawyer. Cheque bounce is a criminal complaint under section 138 before a magistrate. Recovery of money is a civil suit, with summary procedure available in some cases. Employment claims may go to a labour authority rather than a civil court. Tax and GST disputes have their own appellate ladders with strict time limits and pre-deposit requirements.

Frequently asked questions

Which ITR form do I file as a salaried person?

If you have only salary income, interest and one house property with income ≤₹50 lakh, use ITR-1. Capital gains push you to ITR-2; business income to ITR-3 or ITR-4.

Is the Decision Wizard free?

Yes — all wizards are free with no signup. Answer a few questions and get the right path explained.