Income Tax ITR Filing

The process of submitting ITR is also known as Income Tax Filing. A taxpayer can file ITR online by visiting the e-portal of the Income Tax Department. Income tax return can be filed by any salaried or non-salaried (self-employed) individual, HUF (Hindu Undivided Family), companies or firms.

Types of ITR Forms
ITR-1: This form is also called ‘SAHAJ’. This form is to be filed by a person who receives income from salary, pension, one house property, interest or any other means (excluding income from lottery and horse race) and whose total income is up to Rs 50 lakh
ITR-2: For individuals or HUFs (Hindu Undivided Families) who have income, but not derived from any business or profession.
ITR-3: For Individuals or HUFs (Hindu Undivided Families) who have income from any business or profession.
ITR-4: This form is for those who have presumptive (not fixed) income from business or profession.
ITR-5: This form is for individuals, HUF (Hindu Undivided Families), company and all other than individuals filing Form ITR-7.
ITR-6: This form is for all companies not claiming exemption under section 11 of the Income Tax Act.
ITR-7: This form is applicable to all persons including businesses that have been notified under section 139(4A), section 139(4B), section 139(4C), section 139(4D), section 139(4E) or section 139(4F). It is necessary to file a tax return under

Documents required to file ITR :