July 12, 2024

Income-tax returns: Know your ITR form 

Resident individuals with a total income up to ₹50 lakh from salary, one house property and other sources can file ITR 1.

ITR 1 (Sahaj)

This is for individuals and Hindu Undivided Families (HUFs) not having income from business or profession. Includes income from capital gains, more than one house property, and foreign assets. 

ITR 2

Individuals and HUFs having income from business or profession can file ITR 3.

ITR 3

This is for resident individuals, HUFs, and firms (other than LLP) with a total income up to ₹50 lakh and income from business and profession computed under sections 44AD, 44ADA, or 44AE.

ITR 4 (Sugam)

Persons other than individuals, HUFs, and companies (such as partnership firms, LLP, AOPs, etc.) can submit ITR 5. 

ITR 5

This form is for companies other than those claiming exemption under section 11 (income from property held for charitable or religious purposes).

ITR 6

Persons and companies required to submit returns under sections 139(4A), 139(4B), 139(4C), or 139(4D) can file ITR 7.

ITR 7

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