Which type of Form To Use When Filing ITR?

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Paying taxes is not enough you must also file income tax returns.Following are the information about different forms-
1. When to file ITR Form 1 (Sahaj)?
If you are a resident Indian and your total income includes these following you must file ITR Form 1:-
You have income from salary or a pension.
Income from One House Property.
Income from other sources.
2. When to file ITR Form 2?
You enjoy income from capital gains.
You own foreign assets or have foreign income.
You have agricultural income more than Rs 5,000.
Income or loss from more than one house property.
3. When to file ITR Form 3?
Income from a business or a profession.
You are a partner in a firm.
4. When to file ITR Form 4 (Sugam)?
You have income from salary or pension.
You earn business income and this income is computed in line with the special provisions under Section 44AD and Section 44AE (Presumptive Taxation).
You have income from profession where this income is computed in line with special provisions under Section 44ADA.
You have income from one house property.
5. When to file ITR Form 5?
A person being a Firm, LLP, BOI, Artificial juridical person, co-operative society, registered society and local authority are eligible to file ITR Form 5.
6. When to file ITR Form 6?
The ITR Form 6 can be used only by Companies other than those Companies who are already claiming exemptions under Section 11. The Companies who claim exemptions under Section 11 are usually religious and Section 11.

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