ITR-5 must be filed by firms, LLPs (Limited Liability Partnerships), AOPs (Association of persons) and BOIs (Body of Individuals), artificial juridical person, cooperative society and local authority.
The ITR-4 Form is the Income Tax Return form for those taxpayers, who have opted for the presumptive income scheme as per Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act.The ITR-4 Form is applicable for individuals or HUFs who have income from proprietary business or are carrying on a profession.
ITR-3 is also required to be filed by a person whose income is chargeable to tax under “profits and gains of business or profession†in the nature of interest, salary, bonus, commission or remuneration. Form ITR 3 can't be used by any person other than an individual or a HUF.
Income Tax Return Form 3 (ITR-3) is meant for individuals and HUFs who have income under the head “profits or gains from business or profession†and who are not eligible to file SUGAM (ITR-4).
ITR 2 is for the use of an individual or a Hindu Undivided Family (HUF) whose total income for the AY (.........) includes: Income from Salary/Pension; or. Income from House Property; or. Income from Other Sources (including Winnings from Lottery and Income from Race Horses)
ITR 2 is for the use of an individual or a Hindu Undivided Family (HUF) whose total income for the AY (........) includes: Income from Salary/Pension; or. Income from House Property; or. Income from Other Sources (including Winnings from Lottery and Income from Race Horses)
ITR -1 Form is a simplified one-page form for individuals having income up to Rs 50 lakh from the following sources : Income from Salary/Pension. Income from One House Property (excluding cases where loss is brought forward from previous years)
Form 16 is a certificate issued by an employer and it contains the information you need to prepare and file your income tax return. Employers must issue it every year on or before 15 June of the next year, immediately after the financial year in which the tax is deducted. Form 16 has two components – Part A and Part B.