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

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

Individual and HUF

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

ITR 5

ITR 6

ITR 7

Yes

–

–

Yes

–

–

Yes

–

–

–

Yes

–

–

–

Yes

Form

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/-

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

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.

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/-

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

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-7

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