Income Tax Return

Types of Income Tax Return Forms:

• ITR-1(SAHAJ): For Individuals being a resident having total Income upto Rs. 50 lacs (Including Salaries, House Property and other income as well as agriculture Income upto Rs. 5,000/-).
• ITR-2: For Individuals and HUFs who do not not have income from profits and gains of Business or Profession ( Capital Gains, Income from house property of more than one house and other sources of income,) income from Salaries etc.
• ITR-3: For individuals and HUFs who have earn money from business or professionrelated profits and losses.
• ITR-4: For Individuals, HUFs and Firms (Other Than LLP ) having total Income upto Rs. 50 lakh AND having income from business and profession under section 44AD, 44ADA or 44AE.
• This form is not applicable to – Anyperson who either serves as a director or He has invested in unlisted equity shares If income from ESOP is deferred or agriculture income and is greater than Rs. 5000/-
• ITR-5: For Persons other than – (i) Individual (ii) Company (iii) HUF (iv) Person filing form ITR-7
• ITR-6: For Companies other than companies claiming exemption under section 11 of Income tax Act 1961.
• ITR-7: This is for those who are covered by the sections 139(4A), 139(4B), 139(4C), or 139(4D)