Selection of ITR Form

ITR-1

Who can file ITR-1 – Resident Individual subject to following conditions:

  • Total income does not exceed ₹ 50 lakh during the FY
  • Income is from-Salary,
  • One House Property,
  • Agricultural Income (up to ₹5000/-), and
  • Income form Other Sources, which include:
    • Interest from Savings Accounts
    • Interest from Deposits (Bank / Post Office / Cooperative Society)
    • Interest from Income Tax Refund
    • Interest received on Enhanced Compensation
    • Any other Interest Income
    • Family Pension

 Not eligible for ITR-1

  • Resident Not Ordinarily Resident (RNOR)
  • Non-Resident Indian (NRI)
  • Resident fulfill any of the condition
    • has total income exceeding ₹ 50 lakh
    • has agricultural income exceeding ₹ 5000/-
    • has income from lottery, racehorses, legal gambling etc.
    • has taxable capital gains (short term and long term)
    • has invested in unlisted equity shares
    • has income from business or profession
    • is a Director in a company
    • has tax deduction under section 194N of Income Tax Act
    • owns and has income from more than one house property
    • has deferred income tax on ESOP received from employer being an eligible start-ups

ITR-2

Who can file ITR-2

  • Resident Not Ordinarily Resident (RNOR), and
  • Non-Resident Indian (NRI),
  • HUF
  • Individual subject to any of the condition specified below:
    • has total income exceeding ₹ 50 lakh
    • has agricultural income exceeding ₹ 5000/-
    • has income from lottery, racehorses, legal gambling etc.
    • has taxable capital gains (short term and long term)
    • has invested in unlisted equity shares
    • is a Director in a company
    • has deferred income tax on ESOP received from employer being an eligible start-ups
    • Individual or HUF not having income under the head business and professional
    • has tax deduction under section 194N of Income Tax Act
    • Own and has income from more than one house property

ITR-3

Who Can file ITR-3

Individuals and HUFs having Income from Profits and Gains of Business or Profession

ITR-4

Who can file ITR-4

    • Individuals,
    • HUFs &
    • Firms (other than LLP)
    • being a resident
    • having total income upto Rs.50 lakh
    • & having income from business and profession
    • which is computed under sections 44AD, 44ADA or 44AE

ITR-5

For persons other than- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7

Who are eligible to file form ITR-5

      • Firm,
      • Limited Liability Partnership (LLP),
      • Association of Person (AOP),
      • Body of individuals (BOI),
      • Corporative society
      • The estate of insolvent,
      • The estate of deceased,
      • Investment Fund,
      • Business Frust,
      • Local Authority, 
      • Primary Agricultural Credit Society,
      • Artificial jurisdiction Person etc.

ITR-6

Who are eligible for ITR-6

Company not claiming exemption under section 11

ITR-7

Who are eligible for ITR-7

For persons including companies required to furnish return under

    • section 139(4A) – Income Tax Return of Charitable and Religious Trusts /
    • Section139(4B) – Income tax return of political party/
    • Section 139(4C) -Person having income from scientific research institutions/
    • Section 139(4D)- Person having income from university or colleges or institutions or khadi and village industries

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