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The Income tax returns form depends on the income of the taxpayer and their type:
ITR 3 can be filed by companies, charitable trusts, partnerships, firms, businesses, AOPs, and BOIs.
ITR 4 (Sugam) can be filed by a resident individual whose total income is less than 50 lakhs INR, getting income from a profession or business, income from salary or pension, or Income from other sources.
ITR 5 can be filed by partnership firms, LLPs (Limited liability partnerships), AOP (Association of persons), BOI (body of individuals), and other entities.
ITR 6 can be filed by companies.
ITR 7 is filed by persons or companies who are required to file ITR under section 139(4A), 139(4B), 139(4C), or 139(4D) for the religious, specified institutions, and charitable.
ITR 5 cannot be filed by entities other than individuals, HUFs, taxpayers who are eligible to file ITR 7, and companies. The ITR 6 cannot be filed by those who claim exemption under section 11, which is income from property for charitable and religious purposes.
The Income tax return form ITR-2 is filed by the following given below:
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The ITR form 1 is used by the resident individual, who has income below 50 lakhs INR, getting income from salary or pension, getting income from one house property, who is generating agriculture income of INR 5,000, on the long-term capital gains income under the section 12A up to 1.25 lakhs.