Income Tax : ITR Forms

Friends,   It is common question for assessee that which form is required to submit income tax return for his income.  It means income tax department has issued different forms for different assessees.   Therefore, it is necessary to know which form is correct for assessees to submit Income Tax Return.  The  detail  for who can use or who can not use a particular Income Tax Form is given below :- 



Return Type
Who can use this form
Who cannot use this form
ITR 1 (Sahaj)
This Return Form is to be used by an Individual whose total income for the assessment year 2015-16 includes :- 
·         Income from Salary/Pension; or
·         Income from One House Property (excluding cases where loss is brought forward from previous years); or
·         Income from Other Sources (excluding winning from Lottery and Income from Race Horses) and does not have any loss under the head
Note:
Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the Income being clubbed falls under the above income categories
This Return Form should not be used by an Individual whose Total Income for the assessment year 2015-16 includes:-

a) Income from more than one House Property; or
b) Income from winnings from Lottery or income from Race Horses; or
c) Income under the head "Capital Gains" ,e.g., short-term capital gains or long-term capital gains from sale of house, plot, shares etc.; or
d) Agricultural income in excess of ₹ 5,000; or
e) Income from Business or Profession ;or
f) Loss under the head 'Income from other sources'; or
g) Person claiming relief under section 90 and/or 91;or
h) Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India or
i) Any resident having income from any source outside India
ITR 2
This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the assessment year
2015-16 includes :-

a) Income from Salary / Pension; or
b) Income from House Property; or
c) Income from Capital Gains; or
d) Income from Other Sources (including Winning from Lottery and Income from Race Horses).Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories. 
This Return Form should not be used by an Individual or a Hindu Undivided Family whose Total Income for assessment year 2015-16 includes Income from Business or Profession
ITR 2A
This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the assessment year
2015-16 includes :-

a) Income from Salary / Pension; or
b) Income from House Property; or
c) Income from Other Sources (including Winning from Lottery and Income from Race Horses).Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories. 
This Return Form should not be used by an Individual or a Hindu Undivided Family whose Total Income for assessment year
2015-16 includes :-

a) Income from Capital Gains; or
b) Income from Business or Profession; or
c) Any claim of relief/deduction under section 90, 90A or 91; or
d) Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India; or
e) Any resident having income from any source outside India. 
ITR 3
This Return Form is to be used by an individual or an Hindu Undivided Family for the assessment year 2015-16 who is a partner in a firm and where 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. In case a partner in the firm does not have any income from the firm by way of interest, salary, etc. and has only exempt income by way of share in the profit of the firm, he shall use this form only and not Form ITR-2.
This Return Form should not be used by an individual whose total income for the assessment year 2015-16 includes Income from Business or Profession under any proprietorship.
ITR 4S (Sugam)
This Return Form is to be used by an individual/HUF whose total income for the assessment year 2015-16 includes :-

a) Business income where such income is computed in accordance with special provisions referred to in section 44AD and 44AE of the Act for computation of business income; or

b) Income from Salary/Pension; or
c) Income from One House Property (excluding cases where loss is brought forward from previous years); or
d) Income from Other Sources (Excluding winning from Lottery and Income from Race Horses)

Note:

1. The Income computed shall be presumed to have been computed after giving full effect to every loss, allowance, depreciation or deduction under the Income Tax Act.
2. Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the Income being clubbed falls into either of the above income categories
This Return Form cannot be used to file the following incomes

a) Income from more than one House Property; or
b) Income from winnings from Lottery or income from Race Horses; or
c) Income under the head "Capital Gains", e.g. Short-term capital gains or long-term capital gains from sale of house, plot, shares etc.; or
d) Agricultural income in excess of ₹ 5,000; or
e) Income from Speculative Business and other special incomes; or
f) Income from a profession as referred to in sub-section (1) of section 44AA or income from agency business or income in nature of commission for brokerage; or
g) Person claiming relief of foreign tax paid under section 90,90A or 91;or
h) Any resident having an asset (including financial interest in any entity) located outside India or signing authority in any account located outside India or
i) Any resident having income from any source outside India
ITR 4
This Return Form is to be used by an individual or a Hindu Undivided Family for the assessment year 2015-16 who is carrying out a proprietary business or profession.

ITR 7
This Form can be used by persons including Companies who are required to furnish return under section 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E).


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