Form No.:ITR-1 SAHAJ - For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income upto Rs. 5,000/-.
This Form is not applicable –
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For an individual who is either Director in a company or has invested in unlisted equity shares.
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Individuals having brought forward loss or losses to be carried forward under the head House Property.
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Income or loss from more than one house property.
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Income from business or profession.
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Family Pension for residents but not ordinarily residents and non-resident persons.
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Income chargeable to tax at special rates example winnings from lottery and race horses or losses under this head.
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Dividend income exceeding Rs. 10 lakhs taxable under Section 115BBDA.
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Unexplained income (i.e., cash credit, unexplained investment, etc.) taxable at 60% under Section 115BBE.
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Person claiming deduction under Section 57 from income taxable under the head 'Other Sources' (other than deduction allowed from family pension).
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Person claiming deduction under Section 80QQB or 80RRB in respect of royalty from patent or books.
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Person claiming deduction under section 10AA or Part-C of Chapter VI-A.
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Assessee has any brought forward losses or losses to be carried forward under any head of income.
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If an individual is taxable in respect of an income but TDS in respect of such income has been deducted in hands of any other person (i.e., clubbing of income).
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Claiming relief of tax under sections 90, 90A or 91.
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Person has:
■ Income from foreign sources
■ Foreign Assets including financial interest in any foreign entity
■ Signing authority in any account outside India
Form No.:ITR-2 - For Individuals and HUFs not having income from profits and gains of business or profession and not claiming deduction under section 10AA or Part-C of Chapter VI-A.
Form No.:ITR-3 - For individuals and HUFs having income from profits and gains of business or profession.
This Form is not applicable for –
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persons resident in India having income from presumptive business or profession covered under section 44AD, 44ADA and 44AE.
Form No.:ITR-4 Sugam - For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE
This Form is not applicable for –
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an individual who is either Director in a company or has invested in unlisted equity shares.
Form No.:ITR-5 - For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7.
Hence, this Form can be filed by –
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Firm (including LLPs)
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AOP
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BOI
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Local Authority
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Artificial Juridical Person
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Business Trust
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Investment Fund as referred to in Section 115UB