ITR-1 OR SAHAJ
Applicability : For a resident individual whose total income for the AY 2021-22 includes:
- Salary/ pension income or
- Rental income from property; or
- Any Other income from miscellaneous Sources (except Winning from Lottery and Income from Race Horses)
- Agricultural income up to Rs.5000.
ITR-2
Applicability : For an individual or a Hindu Undivided Family (HUF) whose total income for the AY 2021-22 includes:
- Salary/ pension income or
- Rental income from property; or
- Any Other income from miscellaneous Sources (including Winnings from Lottery and Income from Race Horses).
Note : Total income from the above should be more than Rs 50 Lakhs
Also applicable to :
- If you are an Individual Director in a company
- If you have had investments in unlisted equity shares at any time during the financial year
- Being a resident not ordinarily resident (RNOR) and non-resident
- Income from sale or purchase of assets i.e. Capital Gains; or
- Any income from Foreign Assets or any other source
- Agricultural income more than Rs 5,000
- In case where income of any other person such as spouse or minor child needs to be clubbed in the income of an individual.
ITR-3
Applicability: For an individual or a Hindu Undivided Family who have income from proprietary business or on profession. The persons having income from the following sources are required to file ITR 3:
- Business or profession; or
- If you are an Individual Director in a company;
- If you have had investments in unlisted equity shares at any time during the financial year;
- Return may include income from House property, Salary/Pension and Income from other sources;
- Income of a person as a partner in the firm;
ITR-4 or Sugam
Applicability: For individuals and HUFs, Partnership firms (other than LLPs), which are residents and whose total income includes:
- Presumptive Business income as per Section 44AD or 44AE;
- Presumptive Professional income as per Section 44ADA
- Salary or pension up to Rs.50 lakh
- Income from one house property, not more than Rs.50 lakhs (excluding the amount of brought forward loss or loss to be carried forward)
- Income from other sources having income not more than Rs.50 Lakh (excluding income from lottery and race-horses )
ITR-5
Applicability : For partnership firms, LLPs (Limited Liability Partnership), AOPs (Association of Persons), BOIs (Body of Individuals), Artificial Juridical Person (AJP), Estate of deceased, Estate of insolvent, Business trust and investment fund.
ITR-6
Applicability : For Companies other than companies claiming exemption under section 11 (Income from property held for charitable or religious purposes), this return has to be filed electronically only.
ITR-7
Applicability : For persons including companies who are required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) (i.e., trusts, political parties, institutions, colleges)
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