Income tax return forms and mode of filing the return

Rules 12 of the Income Tax Act prescribes the different forms for filing ofIncome tax returns. Based on the sources of income and classes of person the applicable tax return is to be selected. Income Tax Department has notified ITR 1 to ITR 7. The applicability of these Income tax returns are explained in the following table.

Applicability of Income tax return.

	Individual	Individual, HUF				For firms, AOPs,BOIs and LLP	Companies other than companies claiming exemption under section 11	Trust and other non profit organisations
Source of Income	ITR-1 (SAHAJ)	ITR-2	ITR-3	ITR-4	ITR-4S (SUGAM)	ITR-5	ITR-6	ITR-7
Income from Salary/Pension	P	P	P	P	O
Income from House Property (only one House Property)	P	P	P	P	O	P	P	P
Income from Other Sources (only Interest Income or Family Pension)	P	P	P	P	O
Income/Loss from Other Sources	O	P	P	P	O
Income/Loss from House Property	O	P	P	P	O
Capital Gains/Loss on sale of investments/property	O	P	P	P	O
Partner in a Partnership Firm	O	O	P	P	O
Income from Proprietary Business/Profession	O	O	O	O	P
Income from Presumptive Business	O	O	O	P	P
Details of Foreign Assets	O	P	P	P	O

The return of income may be furnished in any of the following manners, namely:—

           (i)  furnishing the return in a paper form;

          (ii)  furnishing the return electronically under digital signature;

         (iii)  transmitting the data in the return electronically and thereafter

           submitting the verification of the return in Form ITR-V;

         (iv)  furnishing a bar-coded return in a paper form:

Further the there are certain rules which describes the manner only in which the return is to be filed for specific class of persons.

These rules are explained  in the following table

	Furnishing the return in a paper form	Furnishing the return electronically under digital signature	Transmitting the data in the return electronically and thereafter submitting the verification of the return in FormITR-V	Furnishing a bar-coded return in apaper form
An individual or a HUF, if total income during the previous year, exceeds ten lakh rupees	O	P	P	O
An individual or a HUF, being a resident, having assets (including financial interest in any entity) located outside India or signing authority in any account located outside India	O	P	P	O
A firm, individual or HUF required to furnish the return and to whom provisions of section 44AB are applicable	O	P	O	O
A company required to furnish the return in Form ITR-6	O	P	O	O
A person required to furnish the return in Form ITR-7	P	O	O	O
A person required to furnish the return who is not cover in any of the above clauses	P	P	P	P