Descriptions about itr's..
For individuals
| Return Type | Who can use this form | Who cannot use this form |
|---|---|---|
| ITR 1 (Sahaj) | This Return Form is to be used by an Individual whose Total Income for the assessment year 2014-15 includes :-
Further, in a case where the income from another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, these Return Form can be used only if the Income being clubbed falls under the above categories |
1. This Return Form should not be used by an Individual whose Total Income for the assessment year 2014-15 includes:-
|
| ITR 2 |
This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the assessment year
|
This Return Form should not be used by an Individual or a Hindu Undivided Family whose Total Income for assessment year 2014-15 includes Income from Business or Profession
|
| ITR 3 |
This Return Form is to be used by an individual or an Hindu Undivided Family for the assessment year 2014-15 who is a partner in a firm and 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, 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 exempt income by way of share in the profit of the firm, he shall use this form only and not Form ITR-2.
|
This Return Form should not be used by an individual whose total income for the assessment year 2014-15 includes Income from Business or Profession under any proprietorship
. |
| ITR 4S (Sugam) | This Return Form is to be used by an individual/HUF whose total income for the assessment year 2014-15 includes :- a) Business income where such income is computed in accordance with special provisions referred to in section 44AD and 44AE of the Act for computation of business income; or b) Income from Salary/Pension; or c) Income from One House Property (excluding cases where loss is brought forward from previous years); or d) Income from Other Sources (Excluding winning from Lottery and Income from Race Horses) Note: 1. The Income computed shall be presumed to have been computed after giving full effect to every loss, allowance, depreciation or deduction under the Income Tax Act. 2. Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the Income being clubbed falls into either of the above income categories |
This Return Form cannot be used to file the following incomes
|
| ITR 4 |
This Return Form is to be used by an individual or a Hindu Undivided Family for the assessment year 2014-15 who is carrying out a proprietary business or profession.
|
|
| ITR 7 |
This Form can be used by persons including Companies who are required to furnish return under section 139(4A) or 139(4B) or 139(4C) or 139(4D).
|
For Firms /AOP/BOI/LLP/AJP
| Who can use ITR-5 | Who cannot use ITR-5 |
|---|---|
|
This Return can be used by a person being a Firm, LLPs, AOP, BOI, Artificial Juridical Person referred to in section 2(31) (vii), Co-operative Society and Local Authority.
|
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
|
| Who can use ITR-7 |
|---|
| This Form can be used by persons including Companies who are required to furnish return under section 139(4A) or 139(4B) or 139(4C) or 139(4D). |
Association of Person (AOP)/Body of Individuals (BOI)/Local Authority (LA)/Co-operative Society/Artificial Juridical Person are required to file return of income in ITR 5 or ITR 7.
Government organisations can file return of income in ITR 6 or ITR 7.
See details below:
| Who can use ITR-5 | Who cannot use this ITR-5 |
|---|---|
|
This Return Form can be used by a person being a Firm, LLPs, AOP, BOI, Artificial Juridical Person referred to in section 2(31) (vii), Co-operative Society and Local Authority.
|
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
|
| Who can use ITR-6 | Who cannot use ITR-6 |
|
This return can be used by a Company
|
Company claiming exemption under section 11 shall not use this form.
|
| Who can use ITR-7 |
|---|
| This Form can be used by persons including Companies who are required to furnish return under section 139(4A) or 139(4B) or 139(4C) or 139(4D). |
TRUST
Who all pertain to this category
Persons including companies required to file return u/s 139(4A) or u/s 139(4B) or u/s 139(4C) or u/s 139(4D) are required to file return in ITR 7.
Prescribed Income Tax Returns
| Taxpayer | ITR Type |
|---|---|
| Private Discretionary Trust | 5 |
| Firm filing u/s 139(4A) or 139(4B) or 139(4C) or 139(4D) | 7 |
Company
| Who can use ITR-6 | Who cannot use ITR-6 |
|---|---|
| This return can be used by a Company | Company claiming exemption under section 11 shall not use this form. |
| Who can use ITR-7 |
|---|
| This Form can be used by persons including Companies who are required to furnish return under section 139(4A) or 139(4B) or 139(4C) or 139(4D) |
Source
https://incometaxindiaefiling.gov.in/
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
