Statutory Library

ITR-1 — Sahaj (Salaried)

Simplified return for resident individuals with salary/pension income up to ₹50 lakh, one house property, other sources (interest). Cannot be used for capital gains, more than one HP, or business income.

ℹ Cannot be used by directors of companies or if you have unlisted equity shares.

ITR-2 — Individuals & HUF (No Business)

For individuals and HUFs with income from salary, capital gains (stocks, property, MF, ESOP), multiple house properties, foreign assets/income, or winnings from lottery/race. No business/professional income.

ℹ Use when you have capital gains from sale of property, stocks, mutual funds or ESOP.

ITR-3 — Individuals & HUF (Business / Profession)

For individuals and HUFs carrying on business or profession with or without books of accounts. Includes F&O income, commission agents, freelancers with detailed P&L.

ℹ Required if you trade F&O, have business income, or are a partner in a firm.

ITR-4 — Sugam (Presumptive Income)

For individuals, HUF, and firms (not LLP) with presumptive income under Sections 44AD (business), 44ADA (professionals) or 44AE (transport), plus salary and single house property.

ℹ Turnover limit for 44AD: ₹3 Cr (digital transactions) or ₹2 Cr. For 44ADA: gross receipts ≤ ₹75L.

ITR-5 — Firms, LLPs, AOP, BOI

For partnership firms, LLPs, Association of Persons (AOP), Body of Individuals (BOI), local authorities and co-operative societies. Partners file separately using ITR-3.

ITR-6 — Companies

For all companies except those claiming exemption under Section 11 (charitable trusts). Includes domestic and foreign companies.

ℹ Must be filed electronically with DSC. Includes MAT computation (Sec 115JB).

ITR-7 — Trusts, Political Parties, Institutes

For entities required to file under Sections 139(4A), 139(4B), 139(4C), 139(4D) — charitable/religious trusts, political parties, scientific research associations, educational institutions.

Form 26AS — Annual Tax Credit Statement

Consolidated statement showing TDS/TCS deposited, advance tax/self-assessment tax paid, refund received, and high-value transactions reported by third parties for a PAN.

ℹ Always verify Form 26AS before filing ITR to ensure all TDS credits appear.

Form 67 — Foreign Tax Credit Claim

Filed by resident Indians to claim credit for taxes paid in foreign countries on foreign income (Double Taxation Relief under DTAA). Must be filed by ITR due date.