Income Tax Returns - Types and Purpose

Income Tax Returns - Types and Purpose

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Income Tax
this article is based on various types of income tax returns provided by income tax department

 Do you know about various types of Income tax returns available and their user group?

  If not then this article is made exclusively for you.

 Here you can find the information regarding various returns provided by Income Tax Returns:

S.No. ITR Description Online Offline
1 ITR 1 For Individuals having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 lakh Yes Yes
2 ITR 2 For Individuals and HUFs not carrying out business or profession under any proprietorship No Yes
3 ITR 3 For individuals and HUFs having income from a proprietary business or profession No Yes
4 ITR 4 For presumptive income from Business & Profession Yes Yes
5 ITR 5 For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7 No Yes
6 ITR 6 For Companies other than companies claiming exemption under section 11 No Yes
7 ITR 7 For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F) No Yes


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