Income Tax

Error Free Filing of Income Tax Return is the key to hassle free assessment and quick refund.

An Income tax return (ITR) is a form wherein information pertaining to Income of a Person and the amount of tax is required to be provided by a person.

The Income Tax Return must be filed by an Individual, Firm, Company, HUF, AOP/BOI, or any other person who earns any income during a financial year.

The income can be from Salary, House Property,  Business, Sale of Property, Sale of Shares or earning through other sources like Interest, Dividend etc.

Here is the list of relevant Income Tax Return Forms

Sr. Description Form No.
1 For Individuals having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 lakh ITR 1
2 For Individuals and HUFs not carrying out business or profession under any proprietorship ITR 2
3 For individuals and HUFs having income from a proprietary business or profession ITR 3
4 For presumptive income from Business & Profession ITR 4
5 For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7 ITR 5
6 For Companies other than companies claiming exemption under section 11 ITR 6
7 For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F) ITR 7