Which Income Tax Return Form to Fill - A Simple Guide
The income tax returns have to filed with the government in a prescribed format . The following allows you to select the appropriate form applicable for you.
ITR - 1 (SAHAJ)
This form is applicable for mostly salaried class of people.
If you are getting salary or pension income
rent or occupying in one house property
exempt income (agricultural income upto Rs 5000)
other income like fd interest (other than lottery/horse race winnings)
ITR - 2A
In addition to the above, if you are getting
agricultural income above Rs 5000
income or loss from more than 1 house property
lottery/horse race winnings
ITR - 2
This form is a more detailed form and is used when in addition to the above,
capital gains/loss from purchase/sale of property and investments(shares, mutual funds)
foreign income or holding of any foreign bank accounts /signing power
ITR - 3
If you are a partner in partnership firm/ LLP and have a share of profit/loss , then use this form. Not to be used if you have proprietorship
ITR - 4
If you are having a proprietorship then ITR -4 is applicable. There are around 35 schedules in this form.
ITR - 4S (Sugam)
This is similar to ITR - 1 and can used by small business tax payers who use the presumptive form of taxation (Section 44A)
ITR - 5
This form is to used by partnership firms, LLPs, AOPs and BoIs (Body of Individuals)
ITR - 6
The form to be used by companies except for companies claiming Section 11 exemption.
ITR - 7
For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D).
From FY 2014-15 , certain additional details are mandatory like details of all banks accounts held in India at any point of time by the residents.
The forms are available on https://incometaxindiaefiling.gov.in/e-Filing/Services/DownloadItrLink.html
ITR - 1 (SAHAJ)
This form is applicable for mostly salaried class of people.
If you are getting salary or pension income
rent or occupying in one house property
exempt income (agricultural income upto Rs 5000)
other income like fd interest (other than lottery/horse race winnings)
ITR - 2A
In addition to the above, if you are getting
agricultural income above Rs 5000
income or loss from more than 1 house property
lottery/horse race winnings
ITR - 2
This form is a more detailed form and is used when in addition to the above,
capital gains/loss from purchase/sale of property and investments(shares, mutual funds)
foreign income or holding of any foreign bank accounts /signing power
ITR - 3
If you are a partner in partnership firm/ LLP and have a share of profit/loss , then use this form. Not to be used if you have proprietorship
ITR - 4
If you are having a proprietorship then ITR -4 is applicable. There are around 35 schedules in this form.
ITR - 4S (Sugam)
This is similar to ITR - 1 and can used by small business tax payers who use the presumptive form of taxation (Section 44A)
ITR - 5
This form is to used by partnership firms, LLPs, AOPs and BoIs (Body of Individuals)
ITR - 6
The form to be used by companies except for companies claiming Section 11 exemption.
ITR - 7
For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D).
From FY 2014-15 , certain additional details are mandatory like details of all banks accounts held in India at any point of time by the residents.
The forms are available on https://incometaxindiaefiling.gov.in/e-Filing/Services/DownloadItrLink.html
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