![]() ITR-7Ĭompanies filing their return under below sections of the Income Tax Act can use ITR-7: The ITR-6 form is to be filed electronically by companies, except for those that claim an exemption under Section 11, which is income from a religious or charitable property. The ITR-5 form is meant for firms, Body of Individuals, co-operative societies, Limited Liability Partnerships, Association of Persons, local authorities, Artificial Judicial Persons, estate of insolvent, estate of deceased, and business trusts (not individual citizens). Moreover, those who have chosen the presumptive income scheme under Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act are eligible to file their returns using the ITR 4 form. Individuals, Hindu United Families, and firms with an income up to Rs.50 lakh from businesses or a profession can opt for ITR 4 form. Income received through salary, pension, capital gains and other sources.Income received from being a partner in a firm.Individuals and Hindu United Families who fall under the following categories, should opt for ITR-3 form. ![]() Income received through salary, pensions, capital gains and other sources.Individuals and Hindu United Families (HUF) who fall under the following categories, should opt for ITR-2 form. Payments received for a single house property with certain exclusions.Income earned from other sources (except winning a lottery or horse racing).Individuals who fall under the following categories, should opt for ITR-1 form (also known as Sahaj). Here is a list of 7 types of ITR forms: 1. ![]() The type of ITR form you must use will depend on whether you are an individual taxpayer or an organisation, your total income, as well as the sources of your income. These forms cater to individual taxpayers and organisations. ![]() ![]() There are seven different types of ITR forms available to Indian taxpayers. ![]()
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