Which form should I opt to file my income-tax return for the assessment year 2017-18?
- Blog|Income Tax|
- 810 Views
- 4 Min Read
- By Taxmann
- Last Updated on 24 August, 2021
Here’re the list of forms for ITR filing which you should opt when you file your ITR for assessment year 2017-18.
|Individual and HUF|
|Nature of income||ITR 1 (Sahaj)||ITR 2||ITR 3||ITR 4|
|Income from salary/pension||✓||✓||✓||✓|
|Income from one house property (excluding losses)||✓||✓||✓||✓|
|Income or losses from more than one house property||✓||✓|
|Agricultural income exceeding Rs. 5,000||✓||✓|
|Total income exceeding Rs 50 lakhs||✓||✓||✓|
|Dividend income exceeding Rs10 lakhs taxable under Section 115BBDA||✓||✓|
|Unexplained credit or unexplained investment taxable at 60% under Sections 68, 69, 69A, etc.||✓||✓|
|Income from other sources (other than winnings from lottery and race horses or losses under this head)||✓||✓||✓||✓|
|Income from other sources (including winnings from lottery and race horses)||✓||✓|
|Capital gains/loss on sale of investments/property||✓||✓|
|Share of profit of partner from a partnership firm||✓|
|Income from business or profession||✓|
|Income from presumptive business||✓|
|Income from foreign sources or Foreign assets or having Signing authority in any account outside India||✓||✓|
|Claiming relief of tax under sections 90, 90A or 91||✓||✓|
|Other Assessees||ITR 5||ITR 6||ITR 7|
|Firm (including limited liability partnership firm)||✓|
|Association of Persons (AOP)||✓|
|Body of Individuals (BOI)
Private Discretionary Trust
Estate of deceased person
|Companies other than companies claiming exemption under Sec. 11||✓|
|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)
ITR-1 OR SAHAJ:
Return in ITR 1 can be filed by an individual, if his total income includes:
Return in ITR 1 cannot be filed by an individual if his Total IncomeITR – 2:
|(a)||Salary or pension|
|(b)||Income from one house property (except brought forward loss under this head)|
|(c)||Income from other sources (excluding winnings from lottery, income from race horses, income taxable under section 115BBDA or Income of the nature referred to in section 115BBE).|
|(a)||Exceeds Rs.50 Lakh.|
|(b)||Includes Income from more than one House Property.|
|(c)||Includes Income from winnings from lottery or income from race horses or income taxable under Section 115BBDA|
|(d)||Includes Income from Capital Gains|
|(e)||Includes Income of the nature referred in Section 115BBE.|
|(f)||Includes Agriculture Income of more than Rs.5000|
|(g)||Includes Income from Business or Profession.|
|(h)||Includes Loss under the head Income from other sources|
|If Individual has claimed Relief under Section 90 and/or 91.
If Resident having any assets (including Financial Interest in an entity) located outside India.
If Resident having Income from any source outside India.
|Who can file return in ITR 2?||Return in ITR 2 can be filed by an individual and HUF if his/its total income includes:
|Who can’t file return in ITR 2?||Return in ITR 2 cannot be filed by an individual and HUF if he/it has income chargeable to tax under the head ‘Profit or gains from business or profession’|
ITR – 3:
|Who can file return in ITR 3||Return in ITR 3 can be filed by an Individual or HUF having income from proprietary business or profession or by any partner in a partnership firm|
ITR -4 OR SUGAM:
|Who can file return in ITR 4Sugam?||Return in ITR 4Sugam can be filed by an individual or HUF or a Firm (other than a limited liability partnership firm) if his total income includes:
|Who can’t file return in ITR 4Sugam?||Return in ITR 4Sugam cannot be filed by Individual/HUF if his Total Income includes :
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