ITR Forms AY 2016-17/FY 2015-16

ITR Forms has been released by the Income Tax Department of India for the Assessment Year 2016-17 i.e. Financial Year 2015-16. All taxpayers having income more than Rs. 5 Lakhs are required to submit their tax return online. There are different ITR forms for different categories of taxpayers.

ITR FORMS

Recommend Read:-

ITR 1 Sahaj Income Tax Form

Income Tax Deductions Section 80C

Computation od Total Income and Tax Liability

ITR Forms

ITR Forms AY 2016-17/FY 2015-16
Sr.NoForm No.Who can FileSource of Income
1.ITR –1 (SAHAJ)Only Individual1.Salary
2. Only one House Property – No B/F losses
3. Other Sources – No B/F losses
2.ITR-2Individual/HUF1. Salary
2. More than one House Property or B/F Losses under the head
3. Capital Gains
4. Other Sources-B/F Losses
Exception:-
No PGBP* Income
3.ITR-2A(New Form)Individual/HUF1. Salary
2. More than one House Property or B/F Losses under the head
3. Other Sources – B/F Losses
Exception:-
No PGBP* Income
No Capital Gains
Exception:-
Ordinary Resident &
(1) Asset located o/s India; or
(2) Relief/Deduction u/s 90 90A and/or 91;
4.ITR-3Individual/HUF (who is a partner in the firm)1. PGBP* income includes only Interest/Salary/Bonus/Commission remuneration from partnership firm in which the Individual or HUF is a partner.
2. Salary
3. More than one house property – B/F Losses
4. Capital Gains
5.ITR -4S (SUGAM)Individual/HUF1. PGBP*:-Presumptive income u/s 44AD or 44AE
2. Salary
3. More than one House Property –B/F Losses
4. Other Sources – B/F Losses
5. Capital Gains
Exceptions:-
Ordinary Resident &
(1) Asset located o/s India; or
(2) Relief/Deduction u/s. 90 90A and/or 91;or
(3) Agricultural Income (Substituted for has any income not chargeable to tax) exceeding Rs. 5000/-
6.ITR -4Individual/HUF1. Proprietary PGBP*
2. Salary
3. More than one HP- B/F Losses
4. Other Sources – B/F Losses
5. Capital Gains
7.ITR – 5Firm/AOP/BOI/Local Authority/ Artificial Juridical PersonAny Income
8.ITR -6Company (Except Section 25 companies) Any Income
9.ITR -7Trust/Political Party/Section 10 Exempt Institutions/Section 35 college/institutionsAny Income

*PGBP – Profits and gains from business or profession

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