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Which ITR Forms can be used for filing of return?

Which ITR Forms can be used for filing of return – 2019

Individual and HUF

Nature of income ITR 1* (Sahaj) ITR 2 ITR 3 ITR 4 *
Salary Income
Income from salary/pension (for ordinarily resident person)
Income from salary/pension (for not ordinarily resident and non-resident person)
Any individual who is a Director in any company
Income from House Property
Income or loss from one house property (excluding brought forward losses and losses to be carried forward)
Individual has brought forward loss or losses to be carried forward under the head House Property
Income or loss from more than one house property
Income from Business or Profession
Income from business or profession
Income from presumptive business or profession covered under section 44AD, 44ADA and 44AE (for person resident in India)
Income from presumptive business or profession covered under section 44AD, 44ADA and 44AE (for not ordinarily resident and non-resident person)
Interest, salary, bonus, commission or share of profit received by a partner from a partnership firm
Capital Gains
Taxpayer has held unlisted equity shares at any time during the previous year
Capital gains/loss on sale of investments/property
Income from Other Sources
Family Pension (for ordinarily resident person
Family Pension (for not ordinarily resident and non-resident person)
Income from other sources (other than income chargeable to tax at special rates including winnings from lottery and race horses or losses under this head)
Income from other sources (including income chargeable to tax at special rates including winnings from lottery and race horses or losses under this head)
Dividend income exceeding Rs. 10 lakhs taxable under Section 115BBDA
Unexplained income (i.e., cash credit, unexplained investment, etc.) taxable at 60% under Section 115BBE
Person claiming deduction under Section 57 from income taxable under the head ‘Other Sources’ (other than deduction allowed from family pension)
Deductions
Person claiming deduction under Section 80QQB or 80RRB in respect of royalty from patent or books
Person claiming deduction under section 10AA or Part-C of Chapter VI-A
Total Income
Agricultural income exceeding Rs. 5,000
Total income exceeding Rs. 50 lakhs
Assessee has any brought forward losses or losses to be carried forward under any head of income
Computation of Tax liability
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, Portuguese Civil Code, etc.)
Claiming relief of tax under sections 90, 90A or 91
Others
Assessee has:

  • Income from foreign sources
  • Foreign Assets including financial interest in any foreign entity
  • Signing authority in any account outside India
Income to be apportioned in accordance with
Section 5A
* ITR-1 can be filed only by an Individual only who is ordinarily resident in India. ITR-4 can be filed only by an Individual or HUF who is ordinarily resident in India and by a firm (other than LLP) resident in India.

 

Other Assessees

Status of Assessee ITR 4 ITR 5 ITR 6 ITR 7
Firm (excluding LLPs) opting for presumptive taxation scheme of section 44AD, 44ADA or 44AE
Firm (including LLPs)
Association of Persons (AOP)
Body of Individuals (BOI)
Local Authority
Artificial Juridical Person
Companies other than companies claiming exemption under Sec. 11
Persons including companies required to furnish return under:

  • Section 139(4A);
  • Section 139(4B);
  • Section 139(4C);
  • Section 139(4D);
Business Trust
Investment Fund as referred to in Section 115UB

 

Important Note on E-return

For the Assessment Year 2019-20, every taxpayer shall file the income-tax return electronically except a super senior citizen (whose age is 80 years or above during the previous year 2018-19) who furnishes the return either in ITR-1 or ITR-4.

The option available to a taxpayer, whose income was below Rs. 5 lakhs during the previous year, to file the physical return has been withdrawn. Thus, it is now mandatory for every taxpayer (except super senior citizen) to file the return only electronically.

Return of income can be filed through electronic mode using any of the following three options:

  1. E-filing using a Digital Signature (DSC)
  2. E-filing without a Digital Signature
  3. E-filing under Electronic Verification Code (EVC)

Who can use any of the options as mentioned above has been enumerated below.

Particulars E-Filing with DSC E-Filing without DSC E-Filing with EVC Paper Filing*
Individual whose age is 80 years or above
Individual or HUF who is subject to tax audit under Section 44AB
Any other Individual or HUF
Company
Political Parties
Any person filing return in ITR-7 (other than a political party)
Any person filing return in ITR-5 (if tax audit is mandatory)
Any person filing return in ITR-5 (if tax audit is not mandatory)
* Return can be filed in paper format by a super senior citizen only if he furnishes the return either in ITR-1 or in ITR-4.

 

1 Comment

  1. CBSE Private Candidate

    Nice information on Income tax forms.

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