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7 income tax return forms for taxpayers: Which one should you file?
October, 07th 2021

ITR 1 (Sahaj)

Who can file

  • Individuals qualifying as Ordinarily Residen
  • Having a total income of up to Rs 50 lak
  • Having income from salaries, one house property, income from other sources (interest etc.) and agricultural income up to Rs 5,00
  • In case of clubbing of income, an individual can file ITR-1 form if the income of the other person (whose income the individual is reporting in his ITR) is from sources as mentioned above. For example, Mr. A will file his ITR after clubbing of income earned by his spouse. In such a case, Mr. A would be able to file the ITR-1 form only if the income of the spouse is from the sources specified above.

Who cannot

  • Non-residents/Resident but Not Ordinarily Residents
  • Hindu Undivided Family (HUF)
  • Ordinarily Residents having a total income of more than Rs 50 lakh
  • Director in a company
  • Holding investments in unlisted equity shares
  • Having brought forward losses or losses to be carried forward under the head ‘income from house property'
  • Having income from any other source, eg. more than one house property, capital gains, profits or gains of business or profession, winning from lottery
  • Holding assets outside India
  • Having 2% TDS deducted for cash withdrawal exceeding INR 1 crore (reduced to INR 20 lakh in some cases
  • Having deferred tax deduction/ payment in respect of perquisite due to ESOPs allotted/ transferred by employer being an eligible start-up

ITR 3

Who can file

  • Individuals/ HUF having business income/ income from profession
  • Partner of a Firm

Who cannot

  • Persons other than individuals/ HUF having business income/ income from profession

 

​ITR 2

Who can file

  • Non-residents / Resident but Not Ordinarily Residents and Ordinarily Residents
  • Hindu Undivided Family (‘HUF’)
  • Having a total income of more than Rs 50 lakh
  • Director in a company
  • Holding investments in unlisted equity shares
  • Having income from the following sources – salaries, more than one house property, capital gains and income from other sources
  • Having income from sources outside India and holding assets outside India

    Who cannot
  • Individuals/ HUF having business income/ income from profession

​ITR 4 (Sugam)

Who can file

  • Resident Individuals/ HUF/ Firm (other than LLP) having total income up to INR 50 lak

Having business income/ income from profession computed on ‘presumptive basis’

Who cannot

  • Having profits or gains from business or profession which are not computed on a presumptive basis
  • Other restrictions similar to the ITR-1 form.

 

 

​ITR 5

Who can file

  • Any person except individual or HUF E.g. Firms/ LLPs/ Association of Persons (AOPs)/ business trusts/ investment funds

Who cannot

  • Individual or HUF
  • Any other person required to file form ITR-7

ITR 6

Who can file

  • Companies other than those filing ITR-7

Who cannot file

  • Companies required to file form ITR-7

 

 

​ITR 7

Who can file

  • Persons including companies which are a charitable or religious trust, political party, research association, news agency or similar organizations specified in the Income-tax Act

Who cannot

  • Other categories of taxpayers
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