Types of ITR


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Uploaded on Dec 27, 2019

There are up to 8 types of income tax return forms, currently.https://www.legalraasta.com/income-tax-return/. Like and Follow our Facebook Page https://www.facebook.com/LRaasta/

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Types of ITR

There are up to 8 types of Types of ITR Income Tax Return Forms, currently. We have divided them into 2 parts: ITR Forms for Individuals • ITR – 1 (Sahaj) – For individuals earning income from salaries, one house property, interest income, agriculture, other sources, etc.  • ITR – 2 – For Individuals and HUFs having income other than from profits and gains of business or profession. It may be from capital gain, lottery or foreign assets, etc. • ITR – 3 – For individuals and HUF with income from profits of a business or profession.  • ITR – 4 (Sugam) – For Individuals, HUFs and Firms (other than LLP) having presumptive business income tax returns. This is computed under sections 44AD, 44ADA or 44AE.   •  ITR Forms for Non-Individuals ITR – 5 – Entities other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7 • ITR – 6 – All companies except those that claim tax exemption as per Section 11. • ITR – 7 – Persons incl. companies required to furnish returns under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only.