Different ITR Forms In INDIA: A Comprehensive Guide - FileAbhi

ITR is an Income Tax Return. ITR is a form to be filed by the taxpayer within the due dates. The taxpayer must declare its income and applicable tax in ITR forms.

The Central Board of Direct Taxes releases these ITR forms every year. There are 7 types of forms (ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, ITR 7). The applicability of these forms will be discussed in subsequent paragraphs.

Some of the reasons to file ITR Form are:

to claim income-tax refund;
to apply for a loan or visa;
to carry forward losses in a business;
to claim any exemptions or deductions from income; etc.

An individual is compulsorily required to file an ITR form if he/she fulfils certain conditions. Those conditions are as under :

Which One of The ITR Forms to file?

It is important to choose the right ITR form before filing it. There are various factors to decide which ITR form is applicable to you. Below is the summary of forms and its applicability:

Type of form	Applicability	Other factors
ITR-1 (SAHAJ)*	Individuals only	Resident and ordinarily resident Total income up to Rs. 50 lakhs Income from salary, one house property, other sources and agriculture income up to Rs. 5k
ITR-2	Individuals and HUF	No business income Non-resident individual Can be filed by individual to whom ITR-1 is not applicable
ITR-3	Individuals and HUF	Having business income Non-resident individual Can be filed by persons to whom ITR-1, ITR-2 or ITR-4 is not applicable
ITR-4*	Individuals, HUF and Firms (Other than LLP)	Resident and ordinarily resident individual/HUF Resident Firm Income up to Rs. 50 lakhs Presumptive income (u/s 44AD, 44ADA, 44AE) and income from salary, one house property, other sources and agriculture income up to Rs. 5k
ITR-5	Persons other than individual, HUF, company and persons filing ITR-7	Firm and LLP Association of Persons (AOP) Body of Individuals (BOI) Artificial Juridical Person (AJP) Local Authority Representative Assessee Cooperative Society Trust other than Trusts eligible to file Form ITR-7 Estate of Deceased Person or Insolvent Business Trust or Investments Fund
ITR-6	Companies	Indian Company Foreign company
ITR-7	Specified persons	Charitable/ religious Trust CEO of political party Research association, news agency, etc University, College, etc

*ITR-1 and ITR-4 are not applicable to a person who:

Is a director of a company.
Has held any unlisted equity shares during the previous year
Has any asset (including financial interest in any entity and signing authority) outside India.
Has income from any source outside India.
Has any brought forward loss or loss to be carried forward under any head of income.

ITR Forms can be download from here to have a basic understanding on the details required to file ITR.

Which ITR forms Should I file?

Different forms are applicable to each person based on income and residential status. The process to decide your ITR Form is as follows:

Step 1: Keep summary of your incomes handy

Step 2: Login to e-filing portal (https://eportal.incometax.gov.in/iec/foservices/#/login)

Step 3: Go to e-File section > select ‘Income Tax Returns’ > select ‘File Income Tax Return’

Step 4: Select Assessment year, mode of filing and Proceed

Step 5: Select your applicable status (E.g. Individual, HUF, etc)

Step 6: Select ‘Help me decide which ITR Form to file’ and Proceed

Step 7A: Read the qualifying conditions and select applicable ITR

Step 7B: If you are not able to understand, select the option ‘Still not clear? Let us help you’

Step 8: Some questions will be asked to you. Based on your answers, ITR form will be suggested.

In case you are still facing some difficulty, contact us for knowing the ITR form applicable to you.

How to avoid common ITR Forms filing mistakes?

To avoid issues in filing your return, ensure you do the following:

Link Aadhaar and PAN;
Pre-validate your bank account where you want to receive your refund;
Choose the correct ITR before filing it;
Select correct year;
Report all incomes earned (exempt and taxable);
Claim valid deductions;
File the return within the due dates;
Verify your return.

In order to avoid these common mistakes, contact us for the best assured services. We will simplify the process and ensure that ITR is accurate and filed on time.

FAQ Section: Income Tax Return Forms

1. Which ITR form to choose for salaried person?

ITR Form may depend on individual’s other incomes. Any salaried individual may usually not have business income. Hence ITR form from ITR-1, ITR-2 or ITR-4 may be applicable. Refer to detailed explanation on this link. You may use the ‘Help me decide which ITR Form to file’ facility or contact us for knowing the ITR form.

2. Are both ITR And Form 16 the same?

No, ITR and Form 16 are different. ITR is filed by a taxpayer to the Income-tax department. Form 16 is submitted by the employer to the government. Form 16 is also provided by the employer to the employee. It is prepared based on declarations given by the employee. It has the amount of tax deducted from employee’s salary and tax deductions. Form 16 helps the salaried employee to file his/her ITR.

3. Are both ITR Form and Form 26AS the same?

No, ITR and Form 26AS are different. Form 26AS is a summary statement of income and tax deducted from such income. It shows the details of tax deducted at source and tax collected at source for each income. Form 26AS can be downloaded from the efiling portal. All incomes in Form 26AS should form part of ITR unless there is some mismatch. Accordingly, you can take credit of all taxes deducted/collected from your tax payable while filing ITR.