ITR Forms Applicable For A.Y. 2018-19 – Individual, HUF, Company, Firm etc.

There are major changes in ITR Forms Applicable for Assessment Year 2018-19. Here is the list of ITR Forms applicable for different types of assessees like individual, partnership firm, company, LLP, Local Authority, Trust, Artifical Juridical Person etc.

Asked on May 31, 2018 in No Category.
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    ITR Forms Applicable for Individual and HUF Assessee

    ITR 1(Sahaj) –  Only for Individual, who is an ordinarily resident in India

    • Income from salary/pension (for ordinarily resident person)
    • Income or loss from one house property (excluding brought forward and carried forward losses)
    • Income from other sources (other than winnings from lottery and race horses or losses under this head)

     

    ITR 2

    • Income from salary/pension (for ordinarily resident person)
    • Income from salary/pension (for not ordinarily resident and non-resident person)
    • Income or loss from one house property (excluding brought forward and carried forward losses)
    •  Income or loss from more than one house property
    • Agricultural income exceeding Rs. 5,000
    • Total income exceeding Rs. 50 lakhs
    • Dividend income exceeding Rs. 10 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 or losses under this head)
    • Capital gains/loss on sale of investments/property
    • Income from foreign sources or Foreign assets or having Signing authority in any account outside India
    • Income to be apportioned in accordance with Section 5A
    • Claiming relief of tax under sections 90, 90A or 91

     

    ITR 3

    • Income from salary/pension (for ordinarily resident person)
    • Income from salary/pension (for not ordinarily resident and non-resident person)
    • Income or loss from one house property (excluding brought forward and carried forward losses)
    •  Income or loss from more than one house property
    • Agricultural income exceeding Rs. 5,000
    • Total income exceeding Rs. 50 lakhs
    • Dividend income exceeding Rs. 10 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 or losses under this head)
    • Capital gains/loss on sale of investments/property
    • Interest, salary, bonus, commission or share of profit received by a partner from a partnership firm.
    • Income from business or profession
    • Income from foreign sources or Foreign assets or having Signing authority in any account outside India
    • Income to be apportioned in accordance with Section 5A
    • Claiming relief of tax under sections 90, 90A or 91

     

    ITR 4

    • Income from salary/pension (for ordinarily resident person)
    • Income from salary/pension (for not ordinarily resident and non-resident person)
    • Income or loss from one house property (excluding brought forward and carried forward losses)
    • Total income exceeding Rs. 50 lakhs
    • 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 or losses under this head)
    • Income from presumptive business
    • Income to be apportioned in accordance with Section 5A
    • Claiming relief of tax under sections 90, 90A or 91
    Answered on May 31, 2018.
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