Article discusses who can use ITR 1 (SAHAJ), ITR 2, ITR 3 and ITR 4 Sugam Form for Assessment Year 2018-19 or Say Financial Year 2017-18.
Page Contents
- Who can use ITR 1 (SAHAJ) for Assessment Year 2018-19 or Financial Year 2017-18?
- Who can use ITR 2 for Assessment Year 2018-19 or Financial Year 2017-18?
- Who can use ITR 3 for Assessment Year 2018-19 or Financial Year 2017-18?
- Who can use ITR 4 Sugam Form for Assessment Year 2018-19 or Financial Year 2017-18?
Who can use ITR 1 (SAHAJ) for Assessment Year 2018-19 or Financial Year 2017-18?
- Income from Salary/Pension
- Income from 1 house property (except those cases where loss is carried forward from previous year
- Income from other sources( except income from lottery, winning from race horses, etc)
- Total income <= Rs.50 lakhs.
- No income from Capital Gains.
- Agricultural income <=Rs.5,000/-
- No Income from Business or Profession
- No income from outside India
Who can use ITR 2 for Assessment Year 2018-19 or Financial Year 2017-18?
- Income from Salary/Pension
- Income from more than 1 house property
- Income from Capital Gains
- Income from Other Sources (including winnings from lottery and income from race horses)
- Agricultural income of more than Rs 5,000
- Income from outside India or having asset abroad
- No Income from Business or Profession
Who can use ITR 3 for Assessment Year 2018-19 or Financial Year 2017-18?
- Individuals & HUFs, who are having proprietary business, profession or having income as a partner in a Partnership firm, can file this return form.
- Earlier this form was named as ITR 4
- Income from Salary/Pension
- Income from more than 1 house property
- Income from Other Sources (including winnings from lottery and income from race horses)
Who can use ITR 4 Sugam Form for Assessment Year 2018-19 or Financial Year 2017-18?
- This form can be used by an individual/ HUF/ Partnership firm who show their income under presumptive scheme u/s 44AD, 44ADA & 44AE
- Agricultural income <=Rs.5,000/-
- No income from Speculative Business and other special incomes
- No income from an agency business or income in the nature of commission or brokerage
- Income from Salary/Pension
- Income from 1 house property (except those cases where loss is carried forward from previous year
- Income from other sources( except income from lottery, winning from race horses, etc)
- No asset outside India
- No income from abroad
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