ITR-1 (Sahaj)

ITR-1 is applicable for resident individuals whose total income is less than or equal to ₹50 lakh. The applicable sources of income include salary or pension, a single house property (without any brought forward losses) and other sources. If agricultural income is up to ₹5,000, the assessee can use ITR-1.

Documents required:

  1. Form 16.
  2. TDS (tax deducted at source) certificate.
  3. Bank statements.

ITR-2

ITR-2 is applicable for resident individuals or a Hindu Undivided Family (HUF) whose total income exceeds ₹50 lakh. It is also applicable for resident individuals who have capital gains, or income from multiple house properties; have foreign assets or income; or hold a directorship in a company or have unlisted equity shares in their name.

Additionally, individuals for whom tax has been deducted on cash withdrawals (under section 194N) in excess of ₹1 crore also have to file their returns using ITR-2.

Documents required:

  1. Form 16, Form 16A.
  2. Details of capital gains, if any.
  3. Bank statements.

ITR-3

ITR-3 is for resident individuals or a HUF who have income from business or profession. Apart from this, if a resident individual is a director in a company, or has made any investments in unlisted equity shares, or is a partner in a firm, then ITR-3 needs to be used. Income from house property, salary or pension and other sources shall also be included.

Documents required:

  1. Books of accounts.
  2. Profit and loss account.
  3. Form 16, Form 16A.
  4. Details of capital gains, if any.
  5. Bank statements.

ITR-4 (Sugam)

ITR-4 or Sugam is applicable for resident individuals, HUFs and partnership firms other than limited liability partnerships (LLP), who have:

  • Business income according to the presumptive income scheme under section 44AD or 44AE (up to ₹2 crore), or,
  • Professional income according to the presumptive income scheme under section 44ADA (up to ₹50 lakh), or,
  • Income from salary or pension up to ₹50 lakh, or
  • Income from a single house property up to ₹50 lakh, or
  • Income from other sources (except lottery and race horses) up to ₹50 lakh.

Documents required:

  1. Form 16, Form 16A.
  2. Bank statements.

ITR-5

ITR-5 is applicable for firms, association of persons (AOP), body of individuals (BOI), limited liability partnerships (LLP), artificial juridical person (AJP), and firms other than a LLP not claiming exemption under section 11 of the Income Tax Act.

Documents required:

  1. Books of accounts.
  2. Profit and loss account.
  3. TDS certificate.
  4. Bank statements.

ITR-6

ITR-6 is available for companies other than those claiming exemption under section 11 of the Income Tax Act.

Documents required:

  1. Books of accounts.
  2. Profit and loss account.
  3. TDS certificate.
  4. Bank statements.

ITR-7

ITR-7 is available for assessees required to file a return under section 139(4A), 139(4B), 139(4C), or 139(4D) of the Income Tax Act.

Documents required:

  1. Audit report, if applicable.
  2. TDS certificate.
  3. Bank statements.