Aug 302012
 

Filing of Income Tax Return (ITR) is a legal obligation of every person whose total income for the previous year has exceeded the maximum amount that is not chargeable for income tax under the provisions of the I.T Act, 1961. The Income Tax Department has introduced a convenient way to file these returns online using the internet. The website for the same is http://www.incometaxindiaefiling.gov.in

Following are the different types of ITR Form categories for filing of Income Tax Return (ITR)  :-

Income Tax Return (ITR) Form – 1 :-  The ITR Form-1 is applicable for the individuals having income from Salary and Interest. This normally caters to the salaried employees of an organisation based on his annual earnings.

Income Tax Return (ITR) Form – 2 :-   The ITR Form-2 is applicable for the individuals and Hindu Undivided Family(HUF) Member not having income from Business or Profession.

Income Tax Return (ITR) Form – 3 :-   The ITR Form-3 is applicable for the individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship.

Income Tax Return (ITR) Form – 4 :-   The ITR Form-4 is applicable for the individuals/HUFs having income from a proprietory business or profession.

Income Tax Return (ITR) Form – 4s :-  The ITR Form-4s is applicable for the individuals having income from Presemptive business.

Income Tax Return (ITR) Form – 5 :-   The ITR Form-5 is applicable for firms, AOPs and BOIs.

Income Tax Return (ITR) Form – 6 :-   The ITR Form-6 is applicable for companies other than companies claiming exemption under section 11.

Income Tax Return (ITR) Form – 7 :-   The ITR Form-7 is applicable for persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D).