Types of INCOME TAX FILLING

ITR-1

This form is normally called SAHAJ. SAHAJ is to be filed by an individual who gets income from sources like salary, pension, one house property, Income from other sources (excluding winning from lottery winnings and racehorses) and total income of up to Rs. 50 lakhs.

ITR-2

This form is for individuals or the Hindi Undivided Families (HUFs) who have income from sources other than Profits and Gain from business and profession.

ITR-3

This form is for individual or the HUFs who have the income from business and professionals and not filling their return on a presumptive basis.

ITR-4

This form is for those who want to declare income on a presumptive basis for their business or profession.

ITR-5

This form is for everyone other than individuals, HUF, company.

ITR-6

This form is for companies which are not claiming exemption under Section 11 of the Income Tax Act.

ITR-7

This form is relevant for all people who are required to file tax returns under the Section 139(4A), Section 139(4B), Section 139(4C), Section 139(4D), Section 139 (4E) or 139 (4F) that mainly includes Trust, University etc.