|FOR INDIVIDUAL AND HINDU UNDIVIDED FAMILY (HUF)|
|NATURE OF INCOME||INDIVIDUAL||INDIVIDUAL AND HINDU UNDIVIDED FAMILY|
|ITR- 1 (SAHAJ)||ITR-2||ITR-2A||ITR-3||ITR-4||ITR-4S (SUGAM)|
|Income from salary/pension||YES||YES||YES||YES||YES||YES|
|Income from one house property(excluding b/f losses)||YES||YES||YES||YES||YES||YES|
|Income or losses from more than one house property||—||YES||YES||YES||YES||—|
|Agricultural income more than Rs.5,000/-||—||YES||YES||YES||YES||—|
|Income from other source (other than winning from lottery and race horses or losses under this head)||YES||YES||YES||YES||YES||YES|
|Income from other sources (including winning from lottery and horse race)||—||YES||YES||YES||YES||—|
|Capital gain/losses on sale of investment/property||—||YES||—||YES||YES||—|
|Interest, salary, bonus, commission or remuneration,share of profit of partner from a partnership firm||—||—||—||YES||YES||—|
|Income from proprietary business/ profession||—||—||—||—||YES||—|
|Income from presumptive business under Section 44AD/ 44AE of Income Tax Act, 1961||—||—||—||—||—||YES|
|Details of foreign assets/ income||—||YES||—||YES||YES||—|
|Claiming relief of tax under section 90,90A and 91 of Income Tax Act, 1961||—||YES||—||YES||YES||—|
|FOR OTHER ASSESSEES|
|TYPE OF ASSESSEE
|Association Of Person (AOP)||YES||—|
|Body Of Individual (BOI)||YES||—|
|Companies not claiming exemption under Section 11 of Income Tax Act, 1961||—||YES|
|Companies claiming exemption under Section 11 of Income Tax Act, 1961||—||—|
|Person (Firm/AOP/BOI/Company) required to furnish return under||—||—|
|(1) Section 139(4A) of Income Tax Act, 1961||NO||—|
|(2) Section 139(4B) of Income Tax Act, 1961||—|
|(3) Section 139(4C) of Income Tax Act, 1961||—|
|(4) section 139(4D) of Income Tax Act, 1961||—|
|(5) section 139(4E) of Income Tax Act, 1961||—|
|(6) section 139(4F) of Income Tax Act, 1961||—|
ITR Forms Explained
|1||ITR-1 (SAHAJ)||Individual||a. For Individuals having Income from Salary & Interest.
b. This form is applicable to taxpayers who have income from salary and own one house property. If you own more than one house property, you are not eligible to fill this form and you may file ITR 2A or ITR-2.
|2||ITR-2A||Individual And Hindu Undivided Family||a. For Individuals & HUFs not having Income from Business or Profession and Capital Gains and who do not hold foreign assets.
b. The main difference between form ITR Form 1 and form ITR 2A is that ITR form-1 cannot be used by the person who has income from more than one house property whereas Form ITR 2A can be used by the person who has income from more than one house property.
|3||ITR-2||Individual And Hindu Undivided Family||a. For Individuals & HUFs not having Income from Business or Profession.
b. This form is for those who have earned capital gains income or those who are residents with foreign sources of income, or are signing authority in a foreign bank account or have foreign assets or financial interest in an entity outside India. Assessee having salary income and income from house property can also file this return form.
|4||ITR-3||Individual And Hindu Undivided Family||a. This form is applicable when an individual or a Hindu Undivided Family is a partner in a firm but does not carry business under proprietorship.
b. In case a partner in the firm does not have any income from the firm by way of interest, salary etc. and has only exempt income by way of share in the profit of the firm, he shall use this form.
|5||ITR-4||Individual And Hindu Undivided Family||a. This income tax return form can be used by an individual and Hindu Undivided Family who earns income from any proprietary business or profession.|
|6||ITR-4S (SUGAM)||Individual And Hindu Undivided Family||a. For Individuals & HUFs having income from a proprietary business or profession.
b. This ITR Form is used by an Individual and Hindu Undivided Family whose total income includes:-
I. Business income where such income is computed in accordance with provision referred to in section 44AD and 44AE for the computation of business income, or
II. Income from salary/pension. or
III. Income from one house property (excluding cases where loss is brought forward from previous year), or
IV. Income from other source (excluding winning from lottery and income from horse races).
|7||ITR-5||Other Assesse||This form is used by a person being a firm, LLP, AOP, BOI, Artificial Juridical Person, Co-operative Society And Local Authority. However, a person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) shall not use this form. In that case the assessee shall file ITR Form 7.|
|8||ITR-6||Company||ITR Form-6 is applicable for all companies except those companies which have held property for charitable or religious purpose under Section 11 of Income Tax Act, 1961.|
|9||ITR-7||ITR-7 is filed when person being a firm, LLP, AOP, BOI, Artificial Juridical Person, Cooperative Society And Local Authorityincluding companies required to furnish return under Sections139(4A), Section 139(4B), Section 139(4C), Section 139(4D).|
- Section 139(4A):Assessees having income from property held under trust or other legal obligation wholly for charitable or religious purpose are covered under this section.
- Section 139(4B):Assessee under the nature of political party is covered under this section.
- Section 139(4C):Assessees like scientific research association, news agency, medical institution etc are covered under this section.
- Section 139(4D): Assessee like university, college or other institution as referred in Section 35 are covered under this section.
- Section 139(4E): Every business trust which is not required to furnish return of income or loss under any other provision falls under this section.
- Section 139(4F): Investment fund referred under section 115UB falls under this section.
- Section 11:Companies whose income includes earnings from property held for charitable or religious purpose.