ITR-1 to ITR-7 Return Filing
ITR-1 (Sahaj)
Who should file
Resident individuals with income up to ₹50 lakh from:
- Salary or pension
- One house property (excluding losses brought forward)
- Other sources like interest, family pension, etc.
Not eligible
- Individuals with business or profession income
- More than one house property
- Capital gains
- Agricultural income > ₹5,000
- Foreign assets/income
Purpose
Simplest form for salaried individuals with straightforward income.
ITR-2
Who should file
Individuals and HUFs with income from:
- Salary/pension
- Multiple house properties
- Capital gains (short-term and long-term)
- Foreign income/assets
- No business or profession income
Purpose
For those with complex income sources excluding business income.
ITR-3
Who should file
Individuals and HUFs with income from:
- Business or profession (including freelancers and professionals)
- Other sources like salary, house property, capital gains, etc.
Purpose
For taxpayers with income from business/profession needing detailed disclosures.
ITR-4 (Sugam)
Who should file
- Individuals, HUFs, and firms (not LLPs) with presumptive income under sections 44AD, 44ADA, or 44AE.
- Income up to ₹50 lakh from business or profession opting for presumptive taxation.
Not for
- Income from more than one house property or capital gains.
Purpose
Simplified form for small taxpayers using presumptive schemes.
ITR-5
Who should file
- Firms, LLPs, AOPs, BOIs, artificial juridical persons, cooperative societies, local authorities, and other entities (except companies).
Purpose
For non-corporate entities.
ITR-6
Who should file
- Companies (other than those claiming exemption under section 11).
Purpose
For corporate taxpayers filing detailed returns.
ITR-7
Who should file
- Persons including companies required to file returns under sections 139(4A), 139(4B), 139(4C), or 139(4D).
- Charitable trusts, political parties, institutions, and other entities with special tax statuses.
Features
- Detailed schedules on donations, investments, audit, foreign income, and tax payments.
- Filing deadlines:
- Without audit: July 31
- With audit: October 31 (extended to November 30 for AY 2023-24)
Purpose
For notified entities with specific tax rules.
General Points Across All ITRs
Some common notices include:
Each notice has a specific purpose and needs a prompt response.
Verification
Digital signature or signed ITR-V submission is mandatory.
Audit Report
Required for taxpayers under audit u/s 44AB.
Tax Credit
Cross-check tax deductions with Form 26AS.
Rounding Off
Follow income and tax rounding rules. For tax, penalty, or dues demand.
Penalty
Late filing leads to penalties and interest.
E-filing
Mandatory electronic filing.
| ITR Form | Who Should File | Income Types | Limits/Remarks |
|---|---|---|---|
| ITR-1 | Resident Individuals | Salary, Pension, One House Property, Other Sources | Income ≤ ₹50 lakh |
| ITR-2 | Individuals/HUF (No business income) | Salary, Capital Gains, Multiple Properties, Foreign Income | - |
| ITR-3 | Individuals/HUF with Business/Profession | Business Income + Other Sources | - |
| ITR-4 | Individuals/HUF/Firms (Presumptive Taxation) | Presumptive Business/Profession Income | Income ≤ ₹50 lakh |
| ITR-5 | Firms, LLPs, AOPs, BOIs, Societies | Non-corporate entities | - |
| ITR-6 | Companies (Non-charitable) | Business Income, Other Income | - |
| ITR-7 | Trusts, Political Parties, Institutions | Charitable, Political, Special Entities | Audit-based deadlines |
Why Choose The Consulting Crew to File Your ITR ?
Complete Compliance & Accuracy
Avoid errors and costly notices — we ensure your tax filings are 100% compliant with the latest Income Tax laws and IT Department guidelines.
Stress-Free Filing
We handle everything from document preparation, form filling, digital verification, to submission and post-filing support.
Maximize Tax Benefits
Our CTAs help you claim all eligible deductions and exemptions to minimize your tax outgo.
Confidentiality & Trust
Follow income and tax rounding rules. For tax, penalty, or dues demand.
Timely Filing & Avoid Penalties
We keep track of deadlines so you never miss the due date, saving you from penalties and interest.
Dedicated Support
Our team is available to answer your queries anytime and help with income tax notices or assessments if needed.
Expertise Across All ITR Forms
Whether you are a salaried individual, a business owner, a trust, or a company, our Chartered Tax Advisors (CTAs) have specialized knowledge to guide you through the correct ITR form and ensure accurate filing.
