What Forms Do I Need to File for Tax Purposes?

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.  

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. 

The Income tax return form ITR-2 is filed by the following given below: 
 

1. Any person who is getting income from a pension or a salary. 
2. Having income from house property. 
3. Income from lottery winnings. 
4. If you are the only director in your company. 
5. If you invested in the unlisted shares. 
6. Generating income from capital gains or foreign income. 
7. If the agricultural income is more than 5000 INR.