1. ITR – 1 (SAHAJ) – Applicable for IndividualThis form is applicable for a Resident (other than Not Ordinarily Resident) Individual having Total Income from any of the following sources upto Rs. 50 lakh.

♦ Salary/Pension

♦ One House Property

♦ Other sources

♦ Agricultural Income upto Rs.5000.

But, this ITR – 1 cannot be used by a person who:-

  • Is a director in a Company.
  • Has held any unlisted equity shares at anytime during the previous year.
  • Has any asset (including financial interest in any entity) located outside India.
  • Has any signing authority in any account located outside India.
  • Has income from any source outside India.
  • Is a person in whose case tax has been deducted u/s 194N.

2. ITR – 2 – Applicable for Individual& HUF – This form is applicable for Individual and HUF –

Not having Income under the head profit  or Gains from Business and Profession Who is not eligible for filling ITR -1.

3. ITR – 3 – Applicable for Individual& HUF – This form is applicable for Individual and HUF

Having Income under the head profit  or Gains from Business and Profession Who is not eligible for filling ITR -1,2 & 4.

4. ITR – 4 (SUGAM) – Applicable for Individual, HUF and Firm (Other than LLP)This form is applicable for an Individual or HUF, who is Resident other than Not Ordinarily Resident) or a Firm having Total Income upto Rs. 50 lakh and having Income from Business and Profession which is computed on presumptive basis and income from any of the following sources:-

Salary/Pension One House Property Other sources Agricultural Income upto Rs.5000. Income from Business/Profession computed on presumptive basis u/s 44AD/44ADA/44E.

But, this ITR – 4 cannot be used by a person who:-

  • Is a director in a Company.
  • Has held any unlisted equity shares at anytime during the previous year.
  • Has any asset (including financial interest in any entity) located outside India.
  • Has any signing authority in any account located outside India.
  • Has income from any source outside India.

Author Bio

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Telegram

taxguru on telegram GROUP LINK

Review us on Google

More Under Income Tax

2 Comments

  1. anand says:

    i am filed ay 2021-22 huf file itr-2
    but error view representative assessed pan quoted in correct pan name issuse what happen and how solve this error and filed please tell me

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

December 2022
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031