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Types Of Income Tax Return Forms In India For The AY 2011-2012

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Filing of Income Tax returns is a legal obligation of every Individual/HUF, Firm/AoP/BoI, Companies and trusts whose total income for the previous year has exceeded the maximum amount that is not chargeable for income tax under the provisions of the Income Tax Act, 1961.

The Central Board of Direct Taxes (CBDT) has introduced Sahaj and Sugam Income tax forms for the Assessment year 2011-12 to simplify tax filing process. Sahaj – for salaried people and Sugam – for small businessmen and professionals.

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Lets have a look which form is applicable to you:

For Individual And HUF

SAHAJ ITR-1 : For Individuals having Income From Salary, Pension, Income From One House Property (Excluding loss brought forward from previous years), Income From Other Sources (Excluding Winning From Lottery And Income From Race Horses).

ITR-2 : For Individuals And HUFs not having income from business or profession

ITR-3 : For Individuals and HUFs being partners in firms and not carrying out business or profession under any proprietorship.

ITR-4 : For Individual and HUFs having income fromĀ  proprietory business or profession.

SUGAM ITR-4S – For Individual and HUFs having income from Presumptive Business

S.No. Source Of Income ITR-1 ITR-2 ITR-3 ITR4 ITR-4S
1 Income From Salary / Pension Thumbs up

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2 Income from Other Sources (only Interest Income or Family Pension)

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3 Income/Loss from Other Sources

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4 Income/Loss from House Property

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5 Capital Gains/Loss on sale of investments/property

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6 Partner in a Partnership Firm

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7 Income from Proprietary Business/Profession

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8 Income from Presumptive Business

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For Firms, AOPs and BOIs

ITR-5 : For Firms, APOs and BOIs

For Companies

ITR-6 : For Companies other than companies claiming exemption under section 11.

For Trusts

ITR-7 : For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D)

To Download ITR Forms : Click Here

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