Which ITR Form should I file? – Types of ITR Forms

The taxpayer has to communicate the details of his taxable income to the Income-tax Department. These details are communicated to the Income-tax Department in the form of return of income. Different ITR forms are prescribed for different classes of taxpayers.

ITR-1 (SAHAJ)

This income tax return for salaried individuals. Individuals having income from salary, pension and interest income can use this form.

Who is eligible to file the form ITR 1

This form is used by an individual whose total income includes:-

  • Income from salary/pension; or
  • Income from one house property (excluding cases where loss is brought forward from previous years); or
  • Income from Other Sources (excluding Winning from Lottery and Income from Race Horses)

Who is not eligible to file the form ITR 1

This form should not be used by an individual whose total income includes:-

  • Income from more than one house property; or
  • Income from Winning from Lottery or income from Race houses; or
  • Income under the head ‘Capital Gains‘. Example, short-term capital gains or long-term capital gains from sale of house , plot, share etc; or
  • Agricultural income in excess of ₹5,000.00; or
  • Income from Business or Profession; or
  • Loss under the head ‘Income from other sources’; or
  • Person claiming relief under section 90 and/or 91; or
  • Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India or
  • Any resident having income from outside India

Click here to read more about ITR 1 Sahaj

ITR 2

This income tax form for individuals and HUFs who do not have income from business and profession. The due date of filing the ITR 2 form with Income Tax Department is 31 July every year. The financial year ends on 31 march every year so assessees have a period of four months to prepare their income tax returns.

Who is eligible to file the Form ITR 2?

This form is to be used by an individual or an HUF whose total income for the assessment year includes:

  • Income from salary or pension.
  • Income from house property.
  • Income from capital gains (short term and long term).
  • Income from other sources (including winning from lottery, bets on race houses and other legal means of gambling).
  • Foreign Assets.

Who is not eligible to file the Form ITR 2?

  • Any individual or HUF with income wholly or partially earned from business or profession.
  • Individuals who are eligible to fill out the Form ITR 1.
  • Individuals who are partners in a Partnership Firm.

Click here to read more about ITR2

ITR 2A

This income tax form for individuals and HUFs who have salary income and own more than one house property and do not have capital gains.

Who is eligible to file using the ITR 2A form?

This return form is to be used by an individual and HUF whose total income for an assessment year includes:-

  • Income from Salary or Pension.
  • Income from House Property.
  • Income from Other Sources (including winning from lottery and Income from race horses)

Further, in a case where the income of another person like spouse, minor child etc. is to club with the income of the assessee, this return form can be used where such income falls in any of the categories.

Who is not eligible to file using the ITR 2A form?

This return form should not be used by an individual and HUF whose total income for an assessment year includes:-

  • Income from Capital Gains.
  • Income from Business or Profession.
  • Any claim of relief/deduction under section 90, 90A or 91.
  • Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India.
  • Any resident having income from any source outside India.

Click here to read more about ITR 2A

ITR 3

This income return form is used by an individual or an HUF who is a partner in a firm and not carrying out business or profession under any proprietorship.

Who is eligible to file Form ITR 3 

This income tax form is to be used by an individual or  an HUF when:

  • A partner in a firm and
  • Where income chargeable to income-tax under the head “Profit or gains of business or profession” does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm.

In case, a partner in the firm does not have any income from the firm by way of interest, salary, etc. and has only way to share in the profit of the firm, he shall use this form only and not Form ITR-2.

Who is not eligible to file Form ITR 3 

This return form should not be used by an individual whose total income includes Income from Business or Profession under any proprietorship.

Click here to read more about ITR3

ITR 4

This income tax form for individuals and HUFs who have income from proprietary business or are carrying on a profession. A shopkeeper, a doctor, a tutor, a retailer, a wholesaler, an insurance agent, interior decorator or fashion designer, everyone can file their tax return in ITR 4.

If the requirements of an audit are applicable, the due date of filing of return is 30th September. Otherwise, usually, the due date of filing of return for non-audit cases is 31st July.

ITR 4S is a special case ITR, applicable for business where income is calculated on ‘presumptive method’. In the presumptive method, lets you report your income as 8% of your gross receipts (as per Section 44AD of the Income Tax Act) or as ₹7,500 per month for each if you are in the business of plying, leasing or hiring trucks (as per Section 44AE). You do not have to maintain accounting records of your business and advance tax rules do not apply to you. You need to meet the following conditions to file ITR 4S.

  • Your gross receipts or turnover must be less than ₹1 crore.
  • You must be resident of India.
  • You may be an individual, an HUF or a partnership firm but not a company.

Who is eligible to file using the ITR 4 Form

Assessees who are eligible to file using the ITR 4 form are:

  • Carrying on business or profession.
  • Eligible for Presumptive Business Income but where Turnover/Gross Receipts exceeds ₹1 crore.
  • The return may include Salary/Pension.
  • Earn Income from House Property.
  • Earn Income from Other Sources.

Click here read more about ITR 4

ITR 4S

This income tax form for those taxpayers who have opted for the presumptive income scheme as per Section 44AD and Section 44AE of the Income Tax Act. However, if the turnover of the business mentioned above exceeds Rs 1crores, the taxpayer will have to file ITR-4.

ITR 5

This income tax return is meant for firms, LLPs, AOPs (Association of persons) and BOIs (Body of Individuals)

Who is eligible to file the ITR-5 Form?

This form can be used a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), cooperative society and local authority.

However, a person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) shall not use this form.

ITR 6

Companies other than companies claiming exemption under section 11 must furnish their income tax must in ITR-6 Form.

What are the companies claiming exemptions under section 11?

Companies claiming exemption under section 11 are those whose income from property is held for charitable or religious purposes.

ITR 7

ITR-7 is filed when persons including companies fall under section 139(4A) or section 139 (4B) or section 139 (4C) or section 139 4(D).

Who is eligible to file the ITR-7 Form?

  • Return under section 139(4A) is required to be filed by every person in receipt of income derived from property held under trust or other legal obligation wholly for charitable or religious purposes or in part only for such purposes.
  • Return under section 139(4B) is required to be filed by a political party if the total income without giving effect to the provisions of section 139A exceeds the maximum amount which is not chargeable to income-tax.
  • Return under section 139(4C) is required to be filed by every
    • scientific research association ;
    • news agency ;
    • association or institution referred to in section 10(23A);
    • institution referred to in section 10(23B);
    • fund or institution or university or other educational institution or any hospital or other medical institution.
  • Return under section 139(4D) is required to be filed by every university, college or other institution, which is not required to furnish return of income or loss under any other provision of this section.

ITR 4 Income Tax Form

ITR 4 is an Income Tax Return form for individuals and HUFs who have income from proprietary business or are carrying on a profession. A shopkeeper, a doctor, a tutor, a retailer, a wholesaler, an insurance agent, interior decorator or fashion designer, everyone can file their tax return in ITR 4.

If the requirements of an audit are applicable, the due date of filing of return is 30th September. Otherwise, usually, the due date of filing of return for non-audit cases is 31st July.

ITR 4S is a special case ITR, applicable for business where income is calculated on ‘presumptive method’. In the presumptive method, lets you report your income as 8% of your gross receipts (as per Section 44AD of the Income Tax Act) or as ₹7,500 per month for each if you are in the business of plying, leasing  or hiring trucks (as per Section 44AE). You do not have to maintain accounting records of your business and advance tax rules do not apply to you. You need to meet the following conditions to file ITR 4S.

  • Your gross receipts or turnover must be less than ₹1 crore.
  • You must be resident of India.
  • You may be an individual, an HUF or a partnership firm but not a company.

Who is eligible to file using the ITR 4 Form

Assessees who are eligible to file using the ITR 4 form are:

  • Carrying on business or profession.
  • Eligible for Presumptive Business Income but where Turnover/Gross Receipts exceeds ₹1 crore.
  • The return may include Salary/Pension.
  • Earn Income from House Property.
  • Earn Income from Other Sources.

To download ITR 4 click here.

Recommended Read

General Guidelines

Here are a few general guidelines to keep in mind while filing your ITR 4 form

  • If any schedule is not applicable to you, strike it out and write –NA– across it.
  • If any item is not applicable to you, write NA against it.
  • Indicate nil figures by “Nil”.
  • Put a “-” sign before negative figures.
  • All figures are to be rounded off to the nearest one rupee except figure for total income/loss and tax payable. Those are to be rounded off to the nearest multiple of ten.
  • If you are an individual, under the Employer Category you should tick Government if you are a Central/State Government employee. You should tick PSU if you work in a public sector company of the Central/State Government.

How to file ITR 4 Form?

You can submit your ITR 4 either online or offline. It is mandatory to file Income Tax Returns electronically for the following assesses:

  • Those who earn more than ₹5 lakhs per year.
  • Those having any assets outside India (including financial interest in any entity) or signing authority in any account outside India.
  • Those claiming relief under Section 90/90A/91 to whom Schedule FSI and Schedule TR apply.

Offline:

  • By furnishing a return in a physical paper form.
  • By furnishing a bar-coded return.

The Income Tax Department will issue you an acknowledgement at the time of submission of your physical paper return.

Online/Electronically:

  • By furnishing the return electronically under digital signature.
  • By transmitting the data electronically and then submitting the verification of the return in Return Form ITR-V

If you submit your ITR 4 Form electronically under digital signature, the acknowledgement will be sent to your registered email id. You can also choose to download it manually from the income tax website. You are then required to sign it and send it to the Income Tax Department’s CPC office in Bangalore within 120 days of e-filing.

ITR 3 Income Tax Form

ITR 3 return form is used by an individual or an HUF who is a partner in a firm and not carrying out business or profession under any proprietorship.

Who is eligible to file Form ITR 3 

This income tax form is to be used by an individual or  an HUF when:

  • A partner in a firm and
  • Where income chargeable to income-tax under the head “Profit or gains of business or profession” does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by  him from such firm.

In case, a partner in the firm does not have any income from the firm by way of interest, salary, etc. and has only way to share in the profit of the firm, he shall use this form only and not Form ITR-2.

Who is not eligible to file Form ITR 3 

This return form should not be used by an individual whose total income includes Income from Business or Profession under any proprietorship.

Click here to download ITR 3 form from Income Tax Department.

Annexure -less Return Form

No document (including TDS certificate) should be attached to this return form. All such documents enclosed with this return form will be detached and returned to the person filing the return.

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How to file ITR 3 Form?

This Return Form can be filed with the Income-tax Department in any of the following ways:

Offline:

  • By furnishing a return in a physical paper form.
  • By furnishing a bar-coded return.

Online/Electronically:

  • By furnishing the return electronically under digital signature.
  • By transmitting the data electronically and then submitting the verification of the return in Return Form ITR-V

When the ITR 3 filed online, the assessee should print out two copies of ITR-V form. One copy of ITR-V, duly signed by the assessee, has to be sent by ordinary post to post Bag No.1, Electronic City Office, Be0ngaluru – 560100 (Karnataka).

When are you required file electronically?

  • A resident assessee having any assets (including financial interest in any entity) located outside India or signing authority in any account located outside India, shall fill out schedule FA and furnish the return electronically.
  • From the assessment year 2013-14 onwards all assessee having total income more than ₹5 lakh are required to furnish the return electronically.
  • Assessee claiming relief under section 90, 90A or whom Schedule FSI and Schedule TR apply.

ITR 2A Income Tax Form

ITR 2A is an income tax return form for individuals and HUFs who have salary income and own more than one house property and do not have capital gains.

Who is eligible to file using the ITR 2A form?

This return form is to be used by an individual and HUF whose total income for an assessment year includes:-

  • Income from House Property.
  • Income from Other Sources (including winning from lottery and Income from race horses)

Further, in a case where the income of another person like spouse, minor child etc. is to club with the income of the assessee, this return form can be used where such income falls in any of the categories.

Who is not eligible to file using the ITR 2A form?

This return form should not be used by an individual and HUF whose total income for an assessment year includes:-

  • Income from Capital Gains.
  • Income from Business or Profession.
  • Any claim of relief/deduction under section 90, 90A or 91.
  • Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India.
  • Any resident having income from any source outside India.

Recommended Read:-

How to file ITR 2A Form?

You can submit your ITR 2A either online or offline. It is mandatory to file Income Tax Returns electronically for the following assesses:

  • Those who earn more than ₹5 lakhs per year.
  • Those seeking a refund.
  • Those having any assets outside India (including financial interest in any entity) or signing authority in any account outside India.
  • Those claiming DTAA relief.

Offline:

  • By furnishing a return in a physical paper form.
  • By furnishing a bar-coded return.

The Income Tax Department will issue you an acknowledgement at the time of submission of your physical paper return.

Online/Electronically:

  • By furnishing the return electronically under digital signature.
  • By transmitting the data electronically and then submitting the verification of the return in Return Form ITR-V

If you submit your ITR 2A Form electronically under digital signature, the acknowledgement will be sent to your registered email id. You can also choose to download it manually from the income tax website. You are then required to sign it and send it to the Income Tax Department’s CPC office in Bangalore within 120 days of e-filing.

Income Tax Form ITR 2

The ITR 2 form is the income tax form for individuals and HUFs who do not have income from business and profession. The due date of filing the ITR 2 form with Income Tax Department is 31 July every year. The financial year ends on 31 march every year so assessees have a period of four months to prepare their income tax returns.

The due date of filing the ITR 2 for Financial Year 2015-16 is 31 July 2016.

Who is eligible to file the Form ITR 2?

This form is to be used by an individual or an HUF whose total income for the assessment year includes:

  • Income from house property.
  • Income from other sources (including winning from lottery, bets on race houses and other legal means of gambling).
  • Foreign Assets.

Who is not eligible to file the Form ITR 2?

  • Any individual or HUF with income wholly or partially earned from business or profession.
  • Individuals who are eligible to fill out the Form ITR 1.
  • Individuals who are partners in a Partnership Firm.

Recommended Read:

General Guidelines

Here are a few general guidelines to keep in mind while filing your ITR 2 form

  • If any schedule is not applicable to you, strike it out and write –NA– across it.
  • If any item is not applicable to you, write NA against it.
  • Indicate nil figures by “Nil”.
  • Put a “-” sign before negative figures.
  • All figures are to be rounded off to the nearest one rupee except figure for total income/loss and tax payable. Those are to be rounded off to the nearest multiple of ten.
  • If you are an individual, under the Employer Category you should tick Government if you are a Central/State Government employee. You should tick PSU if you work in a public sector company of the Central/State Government.

How to file ITR 2 Form?

You can submit your ITR 2 either online or offline. It is mandatory to file Income Tax Returns electronically for the following assesses:

  • Those who earn more than ₹5 lakhs per year.
  • Those having any assets outside India (including financial interest in any entity) or signing authority in any account outside India.
  • Those claiming relief under Section 90/90A/91 to whom Schedule FSI and Schedule TR apply.

Offline:

  • By furnishing a return in a physical paper form.
  • By furnishing a bar-coded return.

The Income Tax Department will issue you an acknowledgement at the time of submission of your physical paper return.

Online/Electronically:

  • By furnishing the return electronically under digital signature.
  • By transmitting the data electronically and then submitting the verification of the return in Return Form ITR-V.

If you submit your ITR 2 Form electronically under digital signature, the acknowledgement will be sent to your registered email id. You can also choose to download it manually from the income tax website. You are then required to sign it and send it to the Income Tax Department’s CPC office in Bangalore within 120 days of e-filing.

ITR 1 Sahaj Income Tax Form

ITR 1 Sahaj form has been released by Income Tax Department of India. ITR 1 Sahaj is the income tax return for salaried individuals. Individuals having income from salary, pension and interest income can use this form.

Who can use form ITR 1

This form is used by an individual whose total income includes:-

  • Income from one house property (excluding cases where loss is brought forward from previous years); or
  • Income from Other Sources (excluding Winning from Lottery and Income from Race Horses)

Note: Further, in case where the income of another person like spouse, minor child, etc is to be clubbed with the income of the assessee, ITR 1 can be used only if the income being clubbed falls into the above income categories

Who cannot use form ITR 1

This form should not be used by an individual whose total income includes:-

  • Income from more than one house property; or
  • Income from Winning from Lottery or income from Race houses; or
  • Income under the head ‘Capital Gains‘. Example, short-term capital gains or long-term capital gains from sale of house , plot, share etc; or
  • Agricultural income in excess of ₹5,000.00; or
  • Income from Business or Profession; or
  • Loss under the head ‘Income from other sources’; or
  • Person claiming relief under section 90 and/or 91; or
  • Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India or
  • Any resident having income from outside India

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ITR 1 Sahaj

Documents which you should keep in hand before filling out your ITR 1 form are:-

  • Form 16s, issued by your employers for a financial year
  • Form 26AS – verify the TDS mentioned in Form 16 matches the TDS in Part A of your Form 26AS
  • If you have not been able to submit proof of  certain exemptions or deductions (such as HRA allowance or Section 80C or 80D deductions) to your employer on time, keep these receipts handy to claim them on your income tax return directly.
  • PAN card
  • Interest from bank account details – bank passbook or FD certificate

How to file ITR 1 Form?

You can submit your ITR 1 either online or offline. All taxpayers earning more than ₹5 lakhs must furnish their income tax returns electronically.

Offline:

  • By furnishing a return in a physical paper form
  • By furnishing a bar-coded return

The Income Tax Department will issue you an acknowledgement at the time of submission of your physical paper return.

Online/Electronically:

  • By furnishing the return electronically under digital signature
  • By transmitting the data electronically and then submitting the verification of the return in Return Form ITR-V

If you submit your ITR 1 Form electronically under digital signature, the acknowledgement will be sent to your registered email id. You can also choose to download it manually from the income tax website. You are then required to sign it and send it to the Income Tax Department’s CPC office in Bangalore within 120 days of e-filing.

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