how to choose income tax return form

Income tax return filling is easy.But you should be careful in choosing return form or utility. That’s why I have written this post.

ITR 1 (SAHAJ)

1. Income from salary/pension. or
2. Income from one house property (excluding cases where loss is to be brought forward) or
3. Other sources income excluding income from winning from horse races and lottery.
4. For individual assessee.

Who can not use ITR 1?

1. Person having income from more than one house property.or
2. Income from capital gain. or
3. Income from agriculture/ exempt income more than Rs. 5000
4. Income from speculative income.or
5. Person claiming relief for foreign tax u/s 90,90A or 91.or
6. Person having foreign asset or financial asset or signing authority outside India.

ITR 2 :

1. Income from salary/pension or
2. Income from house property.or
3. Income from capital gain or
4. Income from other sources
5. Person having clubbing income.
6. Individual and HUF

Who can not use ITR 2?

Person having business or profession income.

ITR 3:

1. Individual /HUF being partner in firm and who do not have business as proprietor.

ITR 4:

1. For individual or HUF assessee doing business or profession as proprietor.

ITR 4S (SUGAM):

1. For Individual or HUF filling return under presumptive taxation u/s 44AD or 44AE or
2. Income from salary/pension
3. Income from house property (not brought forward loss) or
4. Income from other sources (not having lottery income or income from winning from race horses)

Who cannot use SUGAM?

1. Person having income from more than one house property.or
2. Income from capital gain. or
3. Income from agriculture/ exempt income more than Rs. 5000
4. Income from speculative income.or
5. Person having profession income (Doctor, CA, engineer)
6. Person claiming relief for foreign tax u/s 90,90A or 91.or
7. Person having foreign asset or financial asset or signing authority outside India.

Sugam is not mandatory

If person maintains books of accounts u/s 44AA and

he gets his accounts audited if required u/s 44AB.

ITR 5

1. For return filling of Firm, AOP, BOI.

ITR 6:

1. For companies other than companies claiming exemption u/s 11.

ITR 7:

1. For person or companies required to furnish return u/s 139 (4A), 139 (4B), 139 (4C), 139 (4D).

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