INCOME TAX RETURN
(ITR)
Presented By
CA Poonam Pathak
What Is
What Is ITR
ITR ?
?
Full Form ITR stands for Income Tax Return.
It is a form where you report your income, deductions, and
What Does It Mean taxes paid to the Income Tax Department for a particular
financial year.
To declare income Presented By
To claim refund (if TDS is more) CA Poonam Pathak
Why File ITR? Required for visa, loan, or credit card
Mandatory if income is more than basic exemption limit
Types of
Types of ITR
ITR Forms
Forms
ITR-1 (Sahaj) — For Salaried Individuals With Simple Income
You can use this if -
You are a resident individual (not HUF or NRI/ RNOR).
Your total income is < Rs 50 lakh.
Your income includes:
Salary or pension.
One house property (no carry-forward loss).
No carry-forward loss allowed
Agricultural income up to Rs 5,000.
Interest or other sources
Capital gains up to Rs 1.25 lakh from shares/ mutual funds
(Section 112A new from FY 2024-25).
Presented By
CA Poonam Pathak
Types of
Types of ITR
ITR Forms
Forms
ITR-2 — For investors, NRis, and those with capital gains or multiple properties
YOU CAN USE THIS IF -
You are an individual or HUF.
Your income includes:
Salary/pension.
Foreign income or assets.
Income from multiple house properties.
Capital gains (any amount).
Agricultural income > Rs.5,000.
You're an RNOR/ NRI.
You're a director or hold unlisted shares.
Presented By
CA Poonam Pathak
Types of
Types of ITR
ITR Forms
Forms
ITR-3 — For business owners, freelancers, and partners in firms
You Must Use This If -
You are an individual or HUF with:
Income from business or profession Note -
You are a partner in a firm. If you're opting out of the
Income includes capital gains (any amount new tax regime, Form 10-
or with carry-forward loss). IEA confirmation is required.
You hold unlisted equity shares.
Income/loss from futures & options.
Presented By
CA Poonam Pathak
Types of
Types of ITR
ITR Forms
Forms
ITR-4 (Sugam) — For small businesses and professionals under presumptive tax
You Can Use This If -
You are a resident individual, HUF, or
partnership firm.
Your total income is ≤ Rs.50 lakh.
You earn from -
Presumptive business (Section 44AD or 44AE).
Presumptive profession (Section 44A DA).
LTCG under Section 112A ≤ Rs.1.25 lakh (no
carry forward loss)
Presented By
CA Poonam Pathak
Types of
Types of ITR
ITR Forms
Forms
ITR-5 — For LLPs, AOPs, co-operative societies, and others
You can use this if you are -
A partnership firm (excluding proprietorships).
An LLP.
Association of Persons (AOP).
Body of Individuals (BOI).
Estate of a deceased or insolvent person.
Business trust or investment fund.
Certain co-operative societies or trusts (not filing ITR 7).
Note -
If you opt out of the new tax regime, submit Form 10-IEA. Presented By
CA Poonam Pathak
Types of
Types of ITR
ITR Forms
Forms
ITR-6 — For Companies (Except Those Claiming Exemption under Section 11)
You can use this if you are -
A company registered under the Companies
Act (domestic or foreign), not claiming
exemption under Section 11 (i.e., not a
charitable/religious organization).
This includes:
Private limited companies
Public limited companies
One Person Companies (OPCs)
Foreign companies operating in India
Note:
Companies claiming exemption under Section 11 must use ITR-7. Presented By
CA Poonam Pathak
Electronic filing with digital signature is mandatory for ITR-6.
Types of
Types of ITR
ITR Forms
Forms
ITR-7 — For Trusts, Political Parties, Institutions, and Other
Entities Claiming Exemption
You can use this if you are filing under the following
sections of the Income Tax Act -
Section 139(4A) – Charitable or religious trusts
Section 139(4B) – Political parties
Section 139(4C) – Institutions such as:
Scientific research institutions Note -
News agencies Must be filed electronically, with digital signature
Institutions referred in Sections 10(23A), 10(23B) or EVC, depending on the entity.
etc. Trusts opting out of the new tax regime (if
Section 139(4D) – Universities, colleges, or other applicable) must submit Form 10-IEA.
educational institutions not required to file return
under any other provision
Section 139(4E) – Business trusts Presented By
CA Poonam Pathak
Section 139(4F) – Investment funds under Section
115UB
Thank You
for your attention
