ITR Forms

ITR 1

The ITR-1 Form, also called Sahaj, is the Income Tax Return Form for salaried individuals (i.e. salary/pension/family pension and interest income).
The due date of filing the ITR-2 form for the Financial Year 2014-15 is August 31, 2015.

ITR 2

The ITR-2 Form is the Income Tax Return form for Individuals and HUFs having
« Income from Salary/ Pension,
« Income from Capital Gains (Short Term and Long Term),
« Income from Other Sources (including winning from lottery, bets on race horses and other legal means of gambling) and
« Income from Foreign Assets

The due date of filing the ITR-2 form for the Financial Year 2014-15 is August 31, 2015.

ITR 2A

CBDT has newly-introduced ITR-2A, is a income tax return form meant for Individuals and HUFs who have salary income and own more than one house property and do not have income from capital gains.

ITR 3

The ITR- 3 Form is meant for
« individuals and HUF who are partners in a firm,
« where income chargeable to income-tax under the head "Profits or gains of business or profession" does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, due to, or received by him from such firm.
In case a partner in the firm has only exempt income by way of share in the profit of the firm, the assesses shall use this form only; not Form ITR-2.

ITR 4

The ITR-4 Form is applicable for individuals or HUFs who have income from proprietary business or are carrying on a profession. In case of tax audit, 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 (For AY 2015-16, the due date of filing of ROI is 31st Aug, 2015).

ITR 4S

The ITR- 4S is filed in the case of presumptive method of taxation is applicable (Section 44AD and Section 44AE of the Income Tax Act) ITR-4S is applicable where gross receipts/turnover is less than Rs 1crore; specified assesses who are carrying out business or profession as per section 44AD & 44AE of the Income Tax Act but assessee who have turnover/gross receipts of more than Rs. 1 crore; 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).

ITR 6

The ITR 6 is applicable on Companies other than companies claiming exemption under section 11.

ITR 7

ITR7 is applicable on:
« 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.

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