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ITR Form: Big News! ITR form is different for every person, are you making a mistake somewhere,check details immediately

The ITR form is different for every individual. There is a provision to fill a separate form for similar companies and institutions. Are you doing any mistake while filing ITR? Know which form should be filled by which person, company and organization?




ITR Form-1 (Sahaj)

This is for those earning up to 50 lakhs. This includes income from salary, pension, house property and other sources.

ITR Form-2

This is for those individuals / HUFS who have income from salary / pension, house property and other sources and that is more than Rs 50 lakh

ITR Form-3

Any person who is doing business, or earning income from any profession, should fill ITR 3 form

ITR Form-4

Those people and HUF people who are earning through business, profession (doctor, lawyer etc.), they have to submit this form

ITR Form-5

This form is for those Institutions who have registered themselves as Firms, LLPs, AOPs, BOIs

ITR Form-6

Those companies which do not get exemption under section 11 of the Income Tax Act, they have to fill this form

ITR Form-7

This form is for individuals or companies who file returns under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D)

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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