CA Pardeep Kumar

Income Tax Return Forms

Assessment Year 2015-16

[Notification No. 49/2015/ F.No.142/1/2015-TPL] , Dated 22nd June, 2015

Sr. No. Form No. Who can File Source of Income
1. ITR – 1 Only Individual

1.Salary

2. Only one House Property – No B/F losses

3. Other Sources – No B/F losses

Exception:-Ordinary Resident &

(1) Asset located o/s India; or

(2) Relief/Deduction u/s. 90, 90A and/or 91;or

(3) Agricultural Income (Substituted for has any income not chargeable to tax), exceeding Rs. 5000/-

2. ITR-2 Individual/HUF

1. Salary

2. More than one House Property or B/F Losses under the head

3. Capital Gains

4. Other Sources-B/F Losses

Exception:-

No PGBP Income

3. ITR – 2A(New Form) Individual/HUF

1. Salary

2. More than one House Property or B/F Losses under the head

3. Other Sources – B/F Losses

Exception:-

No PGBP Income

No Capital Gains

Exception:-

Ordinary Resident &

(1) Asset located o/s India; or

(2) Relief/Deduction u/s 90,90A and/or 91;

4. ITR-3 Individual/HUF (who is partner in firm)

1. PGBP income includes only Interest/Salary/Bonus /Commission remuneration from partnership firm in which the Individual or HUF is a partner.

2. Salary

3. More than one house property – B/F Losses

4. Capital Gains

5. ITR -4S(SUGAM) Individual/HUF

1. PGBP:-Presumptive income u/s 44AD or 44AE

2. Salary

3. More than one House Property –B/F Losses

4. Other Sources – B/F Losses

5. Capital Gains

Exceptions:-

Ordinary Resident &

(1) Asset located o/s India; or

(2) Relief/Deduction u/s. 90,90A and/or 91;or

(3) Agricultural Income (Substituted for has any income not chargeable to tax), exceeding Rs. 5000/-

6. ITR -4 Individual/HUF

1. Proprietary PGBP

2. Salary

3. More than one HP- B/F Losses

4. Other Sources – B/F Losses

5. Capital Gains

7. ITR – 5 Firm/AOP/BOI/Local Authority/ Artificial Juridical Person Any Income
8. ITR -6 Company (Except Section 25 companies) Any Income
9. ITR -7 Trust/Political Party/Section 10 Exempt Institutions/Section 35  college/institutions Any Income

(The author, Pardeep Kumar, is a Chartered Accountant from Rohtak, Haryana. He can be reached at pardeep.kumar2@escorts.co.in)

Click here to Read other Articles of CA Pardeep Kumar

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One response to “How to choose ITR Form for A Y 2015-16”

  1. manish sharma says:

    PLEASE GUIDE ME WHICH ITR FORM SHOULD I USE IF I HAVE INCOME FROM BUSINESS AND PARTNER SALARY FROM FIRM. AND HOW TO SHOW IN ITR FORM

  2. ankesh parwal says:

    Please guide me on ahich itr form is to be used for filing return of income for minor trust for a.y 2015-16

  3. Prem says:

    You have more than one property and have capital gain income from sale of share. Hence ITR 2 is applicable.

  4. Gautam soni says:

    Contect no 9529819143

  5. Rana kumar says:

    i work in a govt. project on contract basis. My company deduct tds of 10% on my salary.which form i should file i am confused. i have filled ITR 1 for FY2014-15 but now i am getting mails to correct my return. kindly help

  6. SAWGAT DEY says:

    If a person having income from salary who seek exemption under Sec 10(26) and wants refund of TDS deducted then which ITR form should he filled and how?

  7. Nazir says:

    I am a contractor. Which form I have to fill up?

  8. Varghese says:

    sir
    I have income from salary, interest from FD(Rs.30000) and a housing loan for self occupied house. which ITR form I have to file for AY 2015-16. Also if the TDS is less than calculated amount. shall i remit the actual difference or some added interest for that dues too
    Varghese

    • Gautam soni says:

      if you want to file your return then contect to me . I provide taxation services ,fee will be charged as per return complexities.
      thank you

    • Prem says:

      Dear Mr.Varghese,
      As per your income details, ITR 1 is applicable for you. You can choose Quick file ITR link in Income Tax website for quick uploading of income tax return. For clarifications contact 8098254442

  9. Akash Agrawal says:

    Sir,

    Kindly let me know the status of form ITR-5 for AY 2015-2016. Is the procedure has been changed compared to Last year for ITR-5?. Do we need to fill other ITR form. It has not been uploaded on Efiling site of Income Tax Department.

    Waiting for your prompt response.

    Need any help contact agrawalakash330@gmail.com / 9422218161

  10. RAJASEKAR says:

    I left the services in a Private concern at the end of August 2014 and thereafter not worked till date. I have a self occupied Flat, which is under housing loan scheme. After my separation, I have Paid Housing Loan, LIC, Medical Insurance School Education Fee and other payments which are eligible for IT Exemption. I received Gratuity of around 1.5 lakhs in the FY 2014-15. I surrendered my Mutual Fund, which was exempted under IT and got around Rs.63,000/- in FY 2014-15. Please guide me which ITR Form Should I use. The Company deducted IT on my Settlement and given Form 16 for this purpose. Please guide me which ITR Form should I use

    • Gautam soni says:

      f you want to file your return then contect to me . I provide taxation services ,fee will be charge as per return complexities. thanks
      9529819143

  11. Chintan Bhatiya says:

    Dear George Mathew Sir,

    You can file your return using ITR -2 based on information provided there is no income from business and profession and you are not partner in any partnership firm…

  12. Vinay Mishra says:

    Dear sir
    You filed ITR -1 because, Interest received from Bank deposit and dividend from share is considered as income form other sourcese.if you have getting any other income from vacant land this also taxable as income form other sources.

  13. Mukesh Khullar says:

    Sir
    U can file ITR 1 Sugam assuming that income from shares represent dividends only nd there is no short term capital gain. There is no income from House Property coz one house is self occupied nd other is vacant land.

  14. Vidyadhar Swami says:

    Sir,

    Kindly explain the income from shares. You have to file ITR-2.
    Need any help contact sgtswami@gmail.com / 9990603725

  15. George Mathew says:

    I am a retired Bank Officer drawing Pension from December, 2013 and I am not re- employed. I have some income from Bank Deposits/NCDs/Shares. I have one property (2 cents of land) with a house thereon self occupied by me & family and also another property (13 cents of land) with no house thereon. Please advise me which ITR form should I use.

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