INCOME TAX RETURNS FORMS

INCOME TAX RETURNS

There are 7 income tax returns available and the same are stared as under :

ITR NO. 1

Is filed by individual having :

1) Salary Income
2) Having Only One House Property
3) Income From Other Source


ITR NO. 2

Is filed by individual having :

1) Salary Income
2) Having two or more House Property
3) Income From Other Source
4) Capital Gain

ITR NO. 3

1} Partner's Remuneration and
2) Interest on Capital

****PLEASE NOTE****

If a parther gets any other income such as salary from ABC company as employee then income received from patnership firm will be considered as his Business Income and he has to file ITR NO.4 instead of ITR NO. 3

In short a patner should not have any other income (such as House Property Income, salary from other company, Other Business or Profession Income or Capital Gain etc)

ITR NO. 4

Is filed by individual having :

1) Salary Income
2) Having two or more House Property
3) Income From Other Source
4) Capital Gain
5) Business / Profession Income

ITR NO.5

Is filed by FIRMS, AOP, and BOI

i) AOP means Association of Person such as Private Trust and CO-Op. Housing Societies etc.
ii) BOI Means Body of Individuals such as Public Trust Act.

ITR NO. 6

Is filed by private LTD. companies and Public LTD. Companies



ITR NO. 7
Is filed by Assessees who is required to fulfil provision of TAX AUDIT