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Type of ITR form one should use for filing income tax returns for AY 2014-15

The below table contains income tax return form to be filled for a particular nature of income. 

List of forms to be used by different persons for filing of return of income for the Assessment Year 2014-15

Individual and HUF

Nature of income

ITR 1 (Sahaj)

ITR 2

ITR 3

ITR 4

ITR 4S (Sugam)

Income from salary/ pension

Yes

Yes

Yes

Yes

Income from one house property (excluding b/f losses)

Yes

Yes

Yes

Yes

Income or losses from more than one house property

 –

Yes

Yes

Yes

Income not chargeable to tax which exceeds Rs. 5,000

Yes

Yes

Yes

Income from other sources (other than winnings from lottery and race horses or losses under this head)

Yes

Yes

Yes

Yes

Income from other sources (including winnings from lottery and race horses)

Yes

Yes

Yes

Capital gains/loss on sale of investments/ property

Yes

Yes

Yes

Share of profit of partner from a partnership firm

Yes

Yes

Income from proprietary business/ profession

Yes

Income from presumptive business

Yes

Details of foreign assets

Yes

Yes

Yes

Claiming relief of tax under sections 90, 90A or 91

Yes

Yes

Yes

Other Assesses

Nature of income

ITR 5

ITR 6

ITR 7

Firm

Yes

Association of persons (AOP)

Yes

Body of Individuals (BOI)

Yes

Companies other than companies claiming exemption under Sec. 11

Yes

Persons required to furnish return under:

Yes

(1) Section 139(4A);    
(2) Section 139(4B);    
(3) Section 139(4C); and    
(4) Section 139(4D)    

The below table contains income tax return form number and by whom it can be filled. 

Form

Person Description
Sahaj (ITR-1) Individual 

Income from salary/pension:or Income from one house property(excluding where loss brought forward from previous year): or
Income from other sources (excluding winnings from lottery and income from races horses) and where no loss from income from other source.
Note:Further in a case where income of another person like spouse,minor child,etc.is to be clubbed with the assessee this return form can be used only if the income being clubbed falls in to above income categories only.

Following person cannot file ITR-1

  • Person have claimed relief under section 90, 90A or 91 of foreign tax paid.
  • Any resident having any asset (including financial interest in any entity) located outside India or not a signing authority in any account located outside India.
  • Claimed exempted income more than 5000/-
ITR-2 Individual / HUF

Individual who can not file Sahaj above and where the total income does not include any income chargeable to income-tax under the head “Profits or gains of business or profession”

ITR-3 Individual / HUF

partner in a firm and income chargeable to income-tax under the head “Profits or gains of business or profession” does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm.

ITR-4S Individual / HUF

deriving business income and such income is computed in accordance with special provisions referred to in section 44AD and section 44AE of the Act for computation of business income.

Following person can not file ITR-4S

  • Person have claimed relief under section 90, 90A or 91 of foreign tax paid.
  • Any resident having any asset (including financial interest in any entity) located outside India or not a signing authority in any account located outside India.
  • Claimed exempted income more than 5000/-
ITR-4 Individual / HUF

Not covered in sr number 1 to 4 Above and deriving income from a  business or profession.

ITR-5

Partnership Firms (& others)

Not being an individual or a Hindu undivided family or a company or a person to which Sr no 8 applies.Applicable for All source of Incomes.

ITR-6 Company Not covered in 8 below. All Income heads.

ITR-7

person including a company whether or not registered under section 25 of the Companies Act, 1956

required to file a return under sub-section (4A) or sub-section (4B) or sub-section (4C) or sub-section (4D) of section 139

 

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