Please consult the following table to know about types of various types of Income Tax Returns
Form | Who can File | Type of Income |
ITR-1 | Only Individual |
1. Income from salaries / Pensions 2. Rent from one house property – Loss not covered 3. Income from other sources not including lottery income or income from any speculative business – Loss not covered Note: Total income should not exceed Rs. 50 Lakhs and there should not be taxable dividend |
ITR-2 | Individual/ HUF |
1. Income from salaries / Pensions 2. Rent from more than one house property – Losses are also covered 3. Capital gains 4. Income from other sources not including lottery income or income from any speculative business– Losses are also covered |
ITR-3
(Old ITR-4) |
Individual/ HUF |
1. All the incomes covered by ITR-2 2. Income from business or profession 3. Income from presumptive business u/s 44AD, 44ADA, 44AE but the turnover or gross receipt must exceed Rs. 2 Crores |
ITR-4 (Old ITR -4S) | Individual/ HUF | Income from presumptive business u/s 44AD, 44ADA, 44AE but the turnover or gross receipt does not exceed Rs. 2 Crores |
ITR-5 | Partnership firms/ LLPs / AOPs / BOIs | Income from all the sources except Salary |
ITR-6 | Companies |
Income from all the sources except Salary Note: Companies do not include the companies having Income from property held for charitable or religious purposes |
ITR-7 | Trust |
Income from all the sources except Salary Note: Trust includes persons / companies under Section 139(4A) Income derived from property held for charitable or religious purposes wholly or partly Section 139(4B) Political party Section 139(4C) Persons claiming exemption u/s 10 Section 139(4D) University, college, institutions not filing return under any other section |
Please visit http://incometaxindiaefiling.gov.in/ to download the utility for the applicable forms under the heading downloads.