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How to Choose ITR Form for an Individual Assessee

July 20, 2016 by Sudhir Kaushik

Here’s a quick table to address all your ITR forms related woes. By the way, you need not worry about these if you e-file your return with us. Our system automatically selects the correct ITR Form for you based on a few simple questions.
Click here to start e-filing now!

Source of Income Applicable ITR Form for FY 2015-16 Return
ITR 1 ITR 2 A  ITR 2 ITR 3 ITR 4S ITR 4
Income from Salary/ Pension; or Yes Yes Yes Yes Yes Yes
Income from One House Property (excluding cases where loss is brought forward from previous years); or Yes Yes Yes Yes Yes Yes
Income from One House Property (Including cases where loss is brought forward from previous years); or No Yes Yes Yes No Yes
Income from more than One House Property (excluding/including cases where loss is brought forward from previous years); or No Yes Yes Yes No Yes
Income from Other Sources (excluding Winning from Lottery and Income from Race Horses) Yes Yes Yes Yes Yes Yes
Income from Other Sources (including Winning from Lottery and Income from Race Horses) No Yes Yes Yes No Yes
Income from capital gain No No Yes Yes No Yes
Income from proprietorship business other than presumtive No No No No No Yes
Income from Presumptive business No No No No Yes Yes
Income from Profession  (for information purpose) No No No No No Yes
Income from Partnership Firm (for information purpose) No No No Yes Yes Yes
If you have agriculture income Below Rs 5000 Yes Yes Yes Yes Yes Yes
If you have agriculture income above Rs 5000 No Yes Yes Yes No Yes
Speculative Income, if any No No No No No Yes
House Property Losses to be carried forwarded No Yes Yes Yes No Yes
Capital Gain Losses to be carried forwarded No No Yes Yes No Yes
Business Losses to be carried forwarded No No No Yes No Yes
Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India. No No Yes Yes No Yes
You have foreign assets No No Yes Yes No Yes
You have exempt income which is more than Rs. 5,000 (Other than Agricultural income) Yes Yes Yes Yes Yes Yes
Exempt Income with ceiling and Exempt income of Share of profit from Firm as a partner No No No Yes No Yes

 
 

Filed Under: Tax Refunds Tagged With: e-file tax return, income tax declaration, ITR Form

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