The most of the confusion about income tax forms after Saral (Old Form) is choosing income tax form / ITR for one’s income. For example Suppose one has income from salary and interest income from banks. The form ITR1 will be used, but if having income from capital gain along with salary income then ITR2 will be used. So it is very important to learn how to choose appropriate ITRs / Income Tax Forms to file Income Tax Return. I have given instruction “which ITR form to use” one by one form starting from ITR1.
Form ITR1
ITR 1 is the basically for those
Persons
- Individuals
Income
- Income From Salary / Pension
- Income From Other Sources: Interest / Family Pension
So, ITR 1 is not for one who has
- Having Income from Capital Gain.
- Having Income From House Property (e.g. Rented out the Property)
- Having Income From Business & Profession.
Download ITR 1 for A.Y. 2009-10 PDF Format, Excel Format (Software Utility), Instructions.
Form ITR2
ITR-2 is for those
Persons:
- Individuals
- HUF (Hindu Undivided Family)
Having Income From
- Salary / Pension / Family Pension
- Interest
- House Property
- Capital Gains
So ITR-2 is for those who has salary income with Capital Gain or house Property Income or if only capital gain or house property income.
Download ITR 2 for A.Y. 2009-10 PDF Format, Excel Format (Software Utility), Instructions
ITR2 is not for those if having income from
- Business & Profession.
- if only salary/ Pension / Family income
Form ITR-3
ITR3 is for those
Persons
- partner in a firm
- behalf of an HUF that is a partner in a firm
Download ITR 3 for A.Y. 2009-10 PDF Format, Excel Format (Software Utility), Instructions
Form ITR-4
Form ITR-4 is for those
Persons:
- Individuals
- HUFs (Hindu Undivided Family)
Income:
- Income from proprietary business or profession.
Download ITR 4 for A.Y. 2009-10 PDF Format, Excel Format (Software Utility), Instructions
The Below table is provided by income tax department for “which Form is applicable for one’s income?”
| Which Form is Applicable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Related posts:
- Income Tax Return ITRs Preparation Software A.Y. 2009-10 by Income Tax Department
- Income Tax Return Forms Simplified
- How to Make a Statement of Taxable Income
- More Tax on House Property Income under Direct Tax Code
- Partnership Deed | Dissolution Deed | Other Partnership Agreements and Forms
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{ 11 comments… read them below or add one }
Dear Sirs / Madam,
I am working in a private organation as a accountant for past 6 years, now I request you to asking about admissibles & Inadmissibles of Income tax.
Can you give some specimen for Computation of Income tax and Inadmissibles & admissibles details.
Such inadmissible is company depreicition , pooja expenses etc.,
Kindly give me for my IT knowledge.
Regards
Karthic.P.S.
Thanks a lot for your valuable information.
Dear sir,
I want know about the efiling and how to submit to income tax.
Kindly give the details.
Srinivasan.A
9884374622
Dear sir
how to file ITR online plz give me datail.
Prashant Maurya
09958488120
pleas conferm me all colum of challn no. 281 for payment of tds.
Dear Sir,
Pleas conferm me of all colum of challn no. 281 for payment of TDS.
kindly give the details
KARAM BIR LATHWAL
9416692584
Dear Sir,
I have to file income tax return for the year financial year 2009-2010. Till date i have not receive the new ITR4 form from
income tax website and tax prints.
Please help me for ITR4 2009-2010 (Financial Year )
Regards
Anil
dear sir
Please send me tds chart for the FY 2010-11
Regards
Lokesh
Which ITR is applicable if income is from salary and there is loss from house property?
Hi can anyone tel me how to e-filling the ITR-V
Bala- 9094015884
Sir,
Please send me the following Income Tax Return Forms in my e-mail address so that I can print the same and file Return of my client :
ITR – 1
ITR- 2
ITR- 3
ITR- 4
AND ACKNOWLEDGEMENT FORM for the A.Y. – 2011-2012.
Thanks & Regards ,
Debasish Naik.
E-mail I.D. – naik_debasish@yahoo.com