Type of Form one can opt to file income-tax return for the assessment year 2013-14

 

Individual and HUF

Nature of income

ITR 1 (Sahaj)

ITR 2

ITR 3

ITR 4

ITR 4S (Sugam)

Income from salary/pension

Å“-

Å“-

Å“-

Å“-

 
Income from one house property (excluding losses)

Å“-

Å“-

Å“-

Å“-

 
Income or losses from more than one house property  

Å“-

Å“-

Å“-

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

Å“-

Å“-

Å“-

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

Å“-

Å“-

Å“-

Å“-

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

Å“-

Å“-

Å“-

 
Capital gains/loss on sale of investments/property  

Å“-

Å“-

Å“-

 
Share of profit of partner from a partnership firm    

Å“-

Å“-

 
Income from proprietary business/profession      

Å“-

 
Income from presumptive business        

Å“-

Details of foreign assets  

Å“-

Å“-

Å“-

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

Å“-

Å“-

Å“-

 
Share of profit of partner from a partnership firm    

Å“-

Å“-

 
Income from proprietary business/profession      

Å“-

 
Income from presumptive business        

Å“-

Details of foreign assets  

Å“-

Å“-

Å“-

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

Å“-

Å“-

Å“-

 

 

Other Assessees      

Nature of income

ITR 5

ITR 6

ITR 7

Firm

Å“-

   
Association of Persons (AOP)

Å“-

   
Body of Individuals (BOI)

Å“-

   
Companies other than companies claiming exemption under Sec. 11  

Å“-

 
Persons including companies required to furnish return under:(1) Section 139(4A);

(2) Section 139(4B);

(3) Section 139(4C); and

(4) Section 139(4D)

   

Å“-

Note:

All salaried class taxpayers can’t choose ITR-1 for filing tax returns from assessment year 2013-14 onwards. They can choose ITR-1 only if they are claiming exemption under sec. 10 (E.g. HRA, Conveyance allowance etc) upto Rs 5,000 or less. So, if taxpayer is claiming any exemption under sec. 10 which exceeds Rs. 5,000, they cannot file return of income in ITR-1 (As per amended Rule 12 of income-tax rules).

 

Facebooktwitterredditpinterestlinkedinmail

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.