Choose appropriate ITR Form for A Y 2015-16

by S.K Last Modified: January 8, 2018

Choose appropriate ITR Form for A Y 2015-16

Income Tax

Choose appropriate ITR Form for A Y 2015-16

A. ITR – 1- (Applicable to Only Individual)

1.Salary
2. Only one House Property – No B/F losses
3. Other Sources – No B/F losses.

Exception:- Also applicable to Ordinary Resident and having
(1) Asset located o/s India; or
(2) Claiming Relief/Deduction u/s90,90A and/or 91;or
(3) Agricultural Income (Substituted as any income not chargeable to tax), exceeding Rs. 5000/-

B. ITR – 2 – (Individual / HUF)

1.Salary
2. More than one House Property or B/F Losses under the head

3. Capital Gains

4. Other Sources-B/F Losses

Exception:- Also applicable if No Income under the head PGBP

C. ITR – 2A (New Form) – (Individual/HUF)

1. Salary
2. More than one House Property or B/F Losses under the head
3. Other Sources – B/F Losses Exception:-No PGBP Income No Capital Gains

Exception:- Also applicable to Ordinary Resident and
(1) Asset located o/s India; or
(2) Relief/Deduction u/s 90,90A and/or 91.

D. ITR-3-[Individual/HUF (who is partner in firm)]

1. PGBP income includes only Interest/Salary/Bonus/Commission remuneration from partnership firm in which the Individual or HUF is a partner.
2. Salary
3. More than one house property – B/F Losses
4. Capital Gains.

E. ITR – 4S (SUGAM) – (For Individual/HUF)

1. PGBP:-Presumptive income u/s 44AD or 44AE
2. Salary
3. More than one House Property –B/F Losses
4. Other Sources – B/F Losses
5. Capital Gains

Exceptions:- Also applicable to Ordinary Resident and
(1) Asset located o/s India; or
(2) Relief/Deduction u/s. 90,90A and/or 91;or
(3) Agricultural Income (Substituted for has any income not chargeable to tax), exceeding Rs. 5000/-

F. ITR – 4 – (Individual/HUF)

1. Proprietary having income under the head PGBP
2. Salary
3. More than one HP- B/F Losses
4. Other Sources – B/F Losses
5. Capital Gains.

G. ITR – 5- – (Firm/AOP/BOI/Local Authority/ Artificial Juridical Person)
Any Income

H. ITR -6 – [Company (Except Section 25 companies)]
Any Income

ITR – 7 – (Trust/Political Party/Section 10 Exempt Institutions/Section 35 college/institutions)
Any Income.