simpletaxindia.net/2015/04/which-itr-form-you-should-use-in-ay-2015-16.htmlWhich Income tax return/ITR form you should use to file your Income Tax return ? This is always a frequently asked question by taxpayers .Further due to technical wording of Rule-12 ,it is not easy for common man to select appropriate ITR form. So to simplify the things ,we have compiled two charts for assessment year 2015-16 which will be helpful for you to select correct Income Tax form .
As you may aware of that income Tax department has issued notification 41/2015 dated 15/04/2015 and released New income tax forms for ay 2015-16 and amended the rules regarding filing of income tax return for assessment year 2015-16
First table is based on Nature of Income and ITR form to be used .
TABLE A
Nature of income
|
ITR 1 (Sahaj)
|
ITR 2
|
ITR 3
|
ITR 4
|
ITR 4S (Sugam)
| ||||||||||||
Income from salary/ pension
|
Yes
|
Yes
|
Yes
|
Yes
|
-
| ||||||||||||
Income from one house property (excluding b/f losses)
|
Yes
|
Yes
|
Yes
|
Yes
|
-
| ||||||||||||
Income or losses from more than one house property
|
-
|
Yes
|
Yes
|
Yes
|
-
| ||||||||||||
Income not chargeable to tax which exceeds Rs. 5,000
|
-
|
Yes
|
Yes
|
Yes
|
-
| ||||||||||||
Income from other sources (other than winnings from lottery and race horses or losses under this head)
|
Yes
|
Yes
|
Yes
|
Yes
|
-
| ||||||||||||
Income from other sources (including winnings from lottery and race horses)
|
-
|
Yes
|
Yes
|
Yes
|
-
| ||||||||||||
Capital gains/loss on sale of investments/ property
|
-
|
Yes
|
Yes
|
Yes
|
-
| ||||||||||||
Share of profit of partner from a partnership firm
|
-
|
-
|
Yes
|
Yes
|
-
| ||||||||||||
Income from proprietary business/ profession
|
-
|
-
|
-
|
Yes
|
-
| ||||||||||||
Income from presumptive business
|
-
|
-
|
-
|
-
|
Yes
| ||||||||||||
Details of foreign assets/Income
|
-
|
Yes
|
Yes
|
Yes
|
-
| ||||||||||||
Claiming relief of tax under sections 90, 90A or 91
|
-
|
Yes
|
Yes
|
Yes
|
-
| ||||||||||||
Second table shows ITR form , Person who can use and nature of income covered under respective ITR form TABLE B Other Assesses
| |||||||||||||||||
Association of persons (AOP)
|
Yes
|
-
|
-
| ||||||||||||||
Body of Individuals (BOI)
|
Yes
|
-
|
-
| ||||||||||||||
Companies other than companies claiming exemption under Sec. 11
|
-
|
Yes
|
-
| ||||||||||||||
Persons required to furnish return under:
|
-
|
-
|
Yes
| ||||||||||||||
(1) Section 139(4A);
| |||||||||||||||||
(3) Section 139(4C);
| |||||||||||||||||
(4) Section 139(4D)
(5) Section 139(4E)” | |||||||||||||||||
