95:. These returns should be filed before the specified due date. Every Income Tax Return Form is applicable to a certain section of the Assessees. Only those Forms which are filed by the eligible Assessees are processed by the Income Tax Department of India. It is therefore imperative to know which particular form is appropriate in each case. Income Tax Return Forms vary depending on the criteria of the source of income of the Assessee and the category of the Assessee.
66:
24:
429:(CBDT) has made it compulsory for Individual and Hindu Undivided Families earning an income in excess of Rupees Five Lakh to file their Tax Returns only through the E-Filing Process. The manual filing of returns is no more an option for Assessees who come under this category. Electronic Filing of their Tax Returns is the only way to file the income tax return for the Individual and HUFs
379:
The Income Tax
Returns, if clubbed together with that of a spouse, minor child etc. needs to ensure that their sources of income are similar to those stated above. Only then can their returns be filed together. A difference of earnings in even one category makes the Assessee liable to fill a separate
337:
The ITR-2 Form is an important Income Tax Return form used by Indian citizens as well as Non
Residents to file their Tax Returns with the Income Tax Department of India. The Income Tax Act, 1961, and the Income Tax Rules, 1962, require citizens to file their tax returns with the Income Tax Department
129:
Those who derive income from property held under a trust for charitable or religious purposes or a political party or a research association, news agency, educational or medical institution, trade union, a not for profit university or educational institution, a hospital, infrastructure debt fund, any
416:
Five Lakh or less are exempted from filing Tax
Returns as per the directive of the Income Tax Department of India. This rule however is only applicable to those who earn less than Rupees Ten Thousand as Income by way of Interest earned through their Savings Bank Accounts. Those who earn Rupees Ten
482:
Individuals and Hindu
Undivided Families who are not eligible to fill the ITR-3 Form are those who have earned Income through a Business or Profession operated as a Proprietorship firm. Assessees, who apart from being a partner in a firm, also have sources of income from a business or profession,
357:
The use of the ITR-2 Form is applicable to the following means of income only. This form is available for both
Individuals as well as Hindu Undivided Families. Individuals earning an income only through the following means are eligible to fill and submit the form to the Income Tax Department.
321:
or
Electronic Verification Code (EVC). The EVC can be generated either via One Time Password sent to email and registered mobile number (if income is less than INR 500,000) or via Net Banking. After online verification Income Tax Assesses is not required to send ITRV to Bangalore CPC.
309:
In case of
Electronic Filing of the form there are two alternatives. Firstly, if a Digital Signature is obtained, the Form is uploaded online. Secondly, the Form is downloaded, printed, signed, and a copy of the acknowledgement is sent by post to the Income Tax Department's office in
491:
The ITR-4 Form is applicable to those individual and Hindu
Undivided Families who want to declare their income from Business or Profession under Presumptive Income Scheme of Income Tax under Section 44AD, Sec 44ADA and Section 44AE of the Income Tax Act.
446:
The eligibility criteria of every Income Tax Return form are governed by a set of rules and conditions. The ITR-3 Form is applicable only to those
Individuals and Hindu Undivided Families that can be placed under the following categories
437:
The ITR-3 Form particularly applies to
Individuals and Hindu Undivided Families (HUF) having income under the head profits or gains of business or profession and who is not eligible for filling ITR-1, ITR-2 or ITR-4.
469:
If the partner of a firm only earns income from the firm as a share in the profits and not by any other means such as interest, bonus, salary, remuneration, or commission etc. then such an Individual or
345:
The due date for filing return with the Income Tax Department of India is 31 July every year. This is subject to change only if a directive to this effect is issued by the Income Tax Department or the
329:
is a Form used by Income Tax Assesses in India. The process of filing Tax Returns in India involves the use of various forms for different categories of Assesses and the ITR-2 is one such form.
813:
257:
In case of clubbed Income Tax Returns, where a spouse or a minor . is included in the tax returns, this can be done only if their income too is limited to the specifications laid down above.
590:
691:
297:
If any Resident Individual who has any Income from any source outside India or has any asset outside India or has signing authority in any account located outside India
825:
983:
967:
863:
741:
529:
808:
509:
199:
Rs 10,000 if tax is filed after 31 December but on or before 31 March of the relevant assessment year (in this case from 1 January to 31 March 2020.
111:
People whose gross total income (before any deductions exceeds ₹2.5 lakh in FY or ₹3 lakh for senior citizens or ₹5 lakh for super senior citizens).
669:
919:
847:
837:
318:
136:
NRIs, who have income that exceeds ₹2.5 lakh in FY which is earned or accrued in India, are required to file an income tax return in India.
375:
Earnings through Other Sources (includes Income through Lottery Winnings, through bets on Racehorses, and other Legal methods of Gambling)
842:
820:
597:
349:, India. The Financial Year ends on 31 March every year so Assessees have a period of four months to prepare their Income Tax Returns.
914:
196:
Rs 5000 if tax is filed after due date of 31 August but on before 31 December of that assessment year (in this case 31 December 2019)
123:
Resident individuals who have an asset or financial interest in an entity located outside of India. (Not applicable to NRIs or RNORs).
306:
The form can be submitted physically at any Income Tax Returns Office. An Acknowledgment Receipt can be obtained upon submission.
253:
Through other sources apart from Lottery, Racehorses, Legal Gambling etc. Other sources include FD interest, spousal pension etc.
909:
734:
698:
769:
561:
45:
265:
Individuals who are not eligible to fill the ITR-1 SAHAJ form are those who have earned Income through the following means:
789:
426:
1004:
91:, and the Income Tax Rules, 1962, obligates citizens to file returns with the Income Tax Department at the end of every
36:
346:
84:, ITR 4, ITR 5, ITR 6 and ITR 7. When you file a belated return, you are not allowed to carry forward certain losses.
779:
727:
868:
458:
888:
536:
622:
957:
483:
including the speculation market, are also not eligible to file their Income Tax Returns through this form.
962:
883:
471:
403:
An individual who is designated as a partner in a Partnership Firm is not eligible to fill the ITR-2 Form.
390:
832:
228:
77:
65:
893:
644:
88:
873:
774:
764:
1009:
878:
750:
114:
Companies or firms irrespective of whether you have income or loss during the financial year.
952:
126:
Residents and signing authorities in a foreign account. (Not applicable to NRIs or RNORs).
250:
Through One House Property (except in case of losses brought forward from preceding years)
23:
393:
whose income, in whole or in part, is earned either through a Business or a Profession.
342:
and this form is a part of the filing process as specified by the Government of India.
339:
240:
220:
92:
76:
is the form in which assesses file information about his/her income and tax thereon to
998:
103:
Individuals who fulfil any one of the following conditions should by law file their
945:
462:
369:
276:
159:
Individuals, HUF, BOI, AOP ( whose Books of Account are not required to be audited)
474:
should file Income Tax Returns using only the ITR-3 Form, and not the ITR-2 Form.
784:
397:
145:
Due dates of filing income tax return for FY 2023-24 (AY 2024-25) are as under:
189:
As per the new law from this year, Individuals will have to pay late fee after
224:
104:
514:
510:"DYK: Last date to file a belated income-tax return for FY14 is 31 july2017"
311:
243:
only through the following means are eligible to fill the ITR-1 SAHAJ form.
235:
Eligible individuals for ITR-1 SAHAJ (Hindi terminology meaning 'easy')
413:
719:
940:
133:
Foreign companies taking treaty benefit on a transaction in India.
81:
64:
454:
Gains Income through ‘Profits or gains of business or profession’
723:
175:
Any assessee whose books of Account are required to be audited
120:
Those who want to carry forward a loss under a head of income.
17:
814:
Investigation Division of the Central Board of Direct Taxes
421:
E-filing compulsory for a certain section of Income Earners
185:
Penalty on late filing of ITR (effective from 1 April 2018)
167:
Assessee who are required to furnish report under sec 92E
417:
Thousand or more are required to file their Tax Returns.
697:. Government of India – Income Tax Dept. Archived from
596:. Government of India – Income Tax Dept. Archived from
535:. Government of India – Income Tax Dept. Archived from
41:
191:
last date to file income tax return for the FY 2018-19
319:
Unique Identification Authority of India Aadhaar Card
291:
Any Person claiming relief under section 90 and/or 91
202:
Rs 1000 if total income does not exceeds Rs 5,00,000
976:
928:
902:
856:
798:
757:
457:Gains Income by means of interest, salary, bonus,
826:Chairperson Central Board of Excise & Customs
272:Through Lottery, Racehorses, Legal Gambling etc.
219:form is an essential Income Tax Return form for
294:Having Total Income more than Rs 5 million
239:Individuals who have earned their Income for a
99:Filing of income tax returns: obligation by law
562:"Is it Compulsory to File Income Tax Returns?"
735:
117:Those who want to claim an income tax refund.
8:
984:Cairn Energy and Government of India dispute
968:Tax Deduction and Collection Account Number
864:Benami Transactions (Prohibition) Act, 1988
809:Chairperson, Central Board of Direct Taxes
742:
728:
720:
645:"FORM ITR-2 for assessment year 2011–2012"
362:Earning Income through a salary or pension
282:Through exempted income exceeding Rs. 5000
478:Non-eligible Assessees for the ITR-3 Form
412:Salaried personnel who earn an income of
408:Special concession for salaried personnel
396:Individuals who are eligible to fill the
591:"Instruction of SAHAJ Income Tax Return"
380:and applicable Income Tax Returns Form.
261:Non-eligible individuals for ITR-1 SAHAJ
147:
585:
583:
501:
269:Through more than one piece of Property
650:. Government of India, Income Tax Dept
317:ITRV can now be verified online using
920:Voluntary Disclosure of Income Scheme
442:Eligible Assessees for the ITR-3 Form
7:
848:Tax Administration Reform Commission
838:Central Economic Intelligence Bureau
843:Directorate of Revenue Intelligence
821:Central Board of Excise and Customs
915:Pradhan Mantri Garib Kalyan Yojana
384:Non-eligibility for the ITR-2 Form
80:. Various forms are ITR 1, ITR 2,
14:
288:Loss under the head other sources
279:, Short term as well as Long term
107:Returns during a financial year:
35:to comply with Knowledge (XXG)'s
285:Through Business and Professions
22:
910:Income declaration scheme, 2016
170:30 November of Assessment Year
365:Income through House Property.
353:Eligibility for the ITR-2 Form
178:31 October of Assessment Year
1:
427:Central Board of Direct Taxes
670:"Overseas Assets Under Lens"
623:"Tips on filing I-T returns"
162:31 July of Assessment Year
141:Due date for filing returns
1026:
780:Securities Transaction Tax
692:"INDIAN INCOME TAX RETURN"
530:"INDIAN INCOME TAX RETURN"
372:(Short Term and Long Term)
869:Expenditure Tax Act, 1987
625:. DNA India. 25 July 2012
275:Through non tax-exempted
247:Through Salary or Pension
130:authority, body or trust.
889:The Income-tax Act, 1961
302:Submission of ITR-1 form
48:may contain suggestions.
33:may need to be rewritten
958:Tax Collected at Source
368:Earning Income through
151:Particulars AY: 2019-20
963:Tax Deducted at Source
884:Interest Tax Act, 1974
770:Goods and Services Tax
472:Hindu Undivided Family
451:Is a Partner in a firm
391:Hindu Undivided Family
70:
833:Income Tax Department
229:Income Tax Department
78:Income Tax Department
69:Income Tax Department
68:
894:Wealth Tax Act, 1957
790:Value-added taxation
338:at the end of every
234:
89:Income Tax Act, 1961
1005:Income tax in India
874:Finance Act (India)
775:Income tax in India
765:Central Excise Duty
542:on 19 November 2012
347:Ministry of Finance
936:Income Tax Returns
879:Gift Tax Act, 1958
603:on 18 October 2012
518:, 27 February 2016
389:Any Individual or
71:
992:
991:
751:Taxation in India
182:
181:
74:Income tax return
63:
62:
37:quality standards
1017:
953:Indian tax forms
744:
737:
730:
721:
714:
713:
711:
709:
703:
696:
688:
682:
681:
679:
677:
672:. Business Today
666:
660:
659:
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649:
641:
635:
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632:
630:
619:
613:
612:
610:
608:
602:
595:
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578:
577:
575:
573:
568:. 31 August 2019
558:
552:
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58:
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26:
18:
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571:
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560:
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555:
545:
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539:
532:
528:
527:
523:
508:
507:
503:
498:
489:
480:
444:
435:
423:
410:
386:
355:
335:
304:
263:
237:
221:Indian citizens
214:
209:
187:
143:
101:
59:
53:
50:
40:
27:
12:
11:
5:
1023:
1021:
1013:
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1007:
997:
996:
990:
989:
987:
986:
980:
978:
974:
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948:
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930:
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925:
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854:
853:
851:
850:
845:
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835:
830:
829:
828:
818:
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816:
811:
802:
800:
796:
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793:
792:
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772:
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761:
759:
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754:
749:
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746:
739:
732:
724:
716:
715:
704:on 10 May 2012
683:
661:
636:
614:
579:
553:
521:
500:
499:
497:
494:
488:
485:
479:
476:
467:
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465:, as a partner
455:
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443:
440:
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431:
422:
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409:
406:
405:
404:
401:
394:
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366:
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340:financial year
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295:
292:
289:
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273:
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262:
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241:Financial Year
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93:financial year
61:
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30:
28:
21:
13:
10:
9:
6:
4:
3:
2:
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1008:
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1000:
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979:
977:Notable cases
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428:
420:
418:
415:
407:
402:
399:
395:
392:
388:
387:
383:
381:
374:
371:
370:capital gains
367:
364:
361:
360:
359:
352:
350:
348:
343:
341:
332:
330:
328:
323:
320:
315:
313:
307:
301:
296:
293:
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287:
284:
281:
278:
277:capital gains
274:
271:
268:
267:
266:
260:
258:
252:
249:
246:
245:
244:
242:
232:
230:
226:
223:filing their
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211:
206:
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198:
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184:
177:
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169:
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38:
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31:This article
29:
25:
20:
19:
16:
946:SUGAM ITR-4S
935:
857:Legislations
706:. Retrieved
699:the original
686:
674:. Retrieved
664:
652:. Retrieved
639:
627:. Retrieved
617:
605:. Retrieved
598:the original
570:. Retrieved
565:
556:
544:. Retrieved
537:the original
524:
513:
504:
490:
481:
468:
463:remuneration
445:
436:
424:
411:
378:
356:
344:
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326:
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308:
305:
264:
256:
238:
216:
215:
190:
188:
144:
102:
86:
73:
72:
51:
42:You can help
32:
15:
785:Service tax
708:20 November
676:26 November
654:26 November
572:12 November
398:ITR-1 SAHAJ
225:tax returns
999:Categories
929:Compliance
629:3 November
607:29 October
496:References
487:ITR-4 Form
459:commission
433:ITR-3 Form
333:ITR-2 Form
105:Income Tax
1010:Tax forms
515:Live Mint
312:Bengaluru
227:with the
154:Due Date
54:July 2023
46:talk page
903:Schemes
546:12 July
799:Bodies
566:News18
414:Rupees
44:. The
941:ITR-2
805:CBDT
758:Taxes
702:(PDF)
695:(PDF)
648:(PDF)
601:(PDF)
594:(PDF)
540:(PDF)
533:(PDF)
400:form.
327:ITR-2
217:ITR-1
212:ITR-1
207:Forms
82:ITR 3
710:2012
678:2012
656:2012
631:2012
609:2012
574:2020
548:2016
425:The
325:The
87:The
1001::
582:^
564:.
512:,
461:,
314:.
231:.
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736:t
729:v
712:.
680:.
658:.
633:.
611:.
576:.
550:.
56:)
52:(
39:.
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