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2015

Choose appropriate ITR Form for AY 2015-16

A. ITR – 1 – (Applicable to Only Individual)

  1. Salary
  2. Only one House Property – No B/F losses
  3. Other Sources – No B/F losses
Exception: Also applicable to Ordinary Resident and having
  1. Asset located o/s India; or
  2. Claiming Relief/Deduction u/s90,90A and/or 91; or
  3. Agricultural Income (Substituted as any income not chargeable to tax), exceeding Rs. 5000/-

B. ITR – 2 – (Individual/HUF)

  1. Salary
  2. More than one House Property or B/F Losses under the head
  3. Capital Gains
  4. Other Sources-B/F Losses
Exception: Also applicable if No Income under the head PGBP

C. ITR – 2A (New Form) – (Individual/HUF)

  1. Salary
  2. More than one House Property or B/F Losses under the head
  3. Other Sources – B/F Losses Exception:-No PGBP Income No Capital Gains
Exception: Also applicable to Ordinary Resident and
  1. Asset located o/s India; or
  2. Relief/Deduction u/s 90,90A and/or 91

D. ITR – 3 [Individual/HUF (who is partner in firm)]

  1. PGBP income includes only Interest/Salary/Bonus/Commission remuneration from partnership firm in which the Individual or HUF is a partner
  2. Salary
  3. More than one house property – B/F Losses
  4. Capital Gains

E. ITR – 4S (SUGAM) – (For Individual/HUF)

  1. PGBP:-Presumptive income u/s 44AD or 44AE
  2. Salary
  3. More than one House Property – B/F Losses
  4. Other Sources – B/F Losses
  5. Capital Gains
Exception: Also applicable to Ordinary Resident and
  1. Asset located o/s India; or
  2. Relief/Deduction u/s. 90,90A and/or 91; or
  3. Agricultural Income (Substituted for has any income not chargeable to tax), exceeding Rs. 5000/-

F. ITR – 4 – (Individual/HUF)

  1. Proprietary having income under the head PGBP
  2. Salary
  3. More than one HP- B/F Losses
  4. Other Sources – B/F Losses
  5. Capital Gains

G. ITR – 5 – (Firm/AOP/BOI/Local Authority/Artificial Juridical Person)

  • Any Income

H. ITR – 6 – [Company (Except Section 25 companies)]

  • Any Income

I. ITR – 7 – (Trust/Political Party/Section 10 Exempt Institutions/Section 35 college/institutions)

  • Any Income
Financial Management