prpri Income Tax Return Forms for Individual & HUF For AY 2021-22 Income Tax Return Forms for Individual & HUF For AY 2021-22

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.

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