Income Tax ITR Forms :- Which Form is Required to submit Income Tax Return

Friends,  It is a serious question that what ITR Form is required to submit Income Tax Return.   It is different for all according to their source of income.   Income may be through Salary , Interest ( either from Bank Interest or Others), Business or Profession, Capital Gain, from Proprietor Business, from Partnership Firm, from Company etc.

  

            Assessee or Return Filer should check below content before filing any Income Tax Return or to select Proper Income Tax Return Form to avoid further complication in future :-

Income Tax Return Forms for Financial Year 2015-16 or Assessment Year 2016-17

ITR 1 (SAHAJ)	For Individuals having Income from Salary & Interest.
ITR 2	For Individuals & HUFs not having Income from Business or Profession
ITR 2A	For Individuals & HUFs not having Income from Business or Profession and Capital Gains and who do not hold foreign assets
ITR 3	For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
ITR 4	For Individuals & HUFs having income from a proprietory business or profession
ITR 4S (SUGAM)	For Individuals/HUF/Partnership Firm having income from presumptive business
ITR 5	For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing ITR-7
ITR 6	For Companies other than companies claiming exemption under section 11
ITR 7	For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F)

                    

       

             

       

Income Tax : ITR Forms

Friends,   It is common question for assessee that which form is required to submit income tax return for his income.  It means income tax department has issued different forms for different assessees.   Therefore, it is necessary to know which form is correct for assessees to submit Income Tax Return.  The  detail  for who can use or who can not use a particular Income Tax Form is given below :- 

Return Type	Who can use this form	Who cannot use this form
ITR 1 (Sahaj)	This Return Form is to be used by an Individual whose total income for the assessment year 2015-16 includes :-  ·         Income from Salary/Pension; or ·         Income from One House Property (excluding cases where loss is brought forward from previous years); or ·         Income from Other Sources (excluding winning from Lottery and Income from Race Horses) and does not have any loss under the head Note: Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the Income being clubbed falls under the above income categories	This Return Form should not be used by an Individual whose Total Income for the assessment year 2015-16 includes:- a) Income from more than one House Property; or b) Income from winnings from Lottery or income from Race Horses; or c) Income under the head "Capital Gains" ,e.g., short-term capital gains or long-term capital gains from sale of house, plot, shares etc.; or d) Agricultural income in excess of ₹ 5,000; or e) Income from Business or Profession ;or f) Loss under the head 'Income from other sources'; or g) Person claiming relief under section 90 and/or 91;or h) Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India or i) Any resident having income from any source outside India
ITR 2	This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the assessment year 2015-16 includes :- a) Income from Salary / Pension; or b) Income from House Property; or c) Income from Capital Gains; or d) Income from Other Sources (including Winning from Lottery and Income from Race Horses).Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.	This Return Form should not be used by an Individual or a Hindu Undivided Family whose Total Income for assessment year 2015-16 includes Income from Business or Profession
ITR 2A	This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the assessment year 2015-16 includes :- a) Income from Salary / Pension; or b) Income from House Property; or c) Income from Other Sources (including Winning from Lottery and Income from Race Horses).Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.	This Return Form should not be used by an Individual or a Hindu Undivided Family whose Total Income for assessment year 2015-16 includes :- a) Income from Capital Gains; or b) Income from Business or Profession; or c) Any claim of relief/deduction under section 90, 90A or 91; or d) Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India; or e) Any resident having income from any source outside India.
ITR 3	This Return Form is to be used by an individual or an Hindu Undivided Family for the assessment year 2015-16 who is a partner in a firm and where income chargeable to income-tax under the head "Profits or gains of business or profession" does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm. In case a partner in the firm does not have any income from the firm by way of interest, salary, etc. and has only exempt income by way of share in the profit of the firm, he shall use this form only and not Form ITR-2.	This Return Form should not be used by an individual whose total income for the assessment year 2015-16 includes Income from Business or Profession under any proprietorship.
ITR 4S (Sugam)	This Return Form is to be used by an individual/HUF whose total income for the assessment year 2015-16 includes :- a) Business income where such income is computed in accordance with special provisions referred to in section 44AD and 44AE of the Act for computation of business income; or b) Income from Salary/Pension; or c) Income from One House Property (excluding cases where loss is brought forward from previous years); or d) Income from Other Sources (Excluding winning from Lottery and Income from Race Horses) Note: 1. The Income computed shall be presumed to have been computed after giving full effect to every loss, allowance, depreciation or deduction under the Income Tax Act. 2. Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the Income being clubbed falls into either of the above income categories	This Return Form cannot be used to file the following incomes a) Income from more than one House Property; or b) Income from winnings from Lottery or income from Race Horses; or c) Income under the head "Capital Gains", e.g. Short-term capital gains or long-term capital gains from sale of house, plot, shares etc.; or d) Agricultural income in excess of ₹ 5,000; or e) Income from Speculative Business and other special incomes; or f) Income from a profession as referred to in sub-section (1) of section 44AA or income from agency business or income in nature of commission for brokerage; or g) Person claiming relief of foreign tax paid under section 90,90A or 91;or h) Any resident having an asset (including financial interest in any entity) located outside India or signing authority in any account located outside India or i) Any resident having income from any source outside India
ITR 4	This Return Form is to be used by an individual or a Hindu Undivided Family for the assessment year 2015-16 who is carrying out a proprietary business or profession.
ITR 7	This Form can be used by persons including Companies who are required to furnish return under section 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E).

Income Tax :- Submit button in Java Based Income Tax Return Utility

Friends,    Income Tax Department has issued off-line java based income tax return utility like on-line.  It has already informed in last post that two excellent features have been added in utility  named Pre-fill and Instant Validation errors.   Now "Submit"  button is also similar to them.   After preparation all data in Java Based Income Tax return and while validation errors are nil, then submit button will be pressed and ITR-V will be generated on using e-filing User Id, e-filling Password and Date of Bire/Date of Incorporation.  Basic requirement is internet connection to avail this feature. 

Submit -Click this button to upload the XML in e-Filing portal. You'll be prompted to provide your e-Filing credentials, User ID, Password and DOB/DOI. Post submission, the success message and the acknowledgment number will be displayed. You will be able to download ITR-V. Please make sure you're connected to the internet to avail this feature. (if the return is submitted without a DSC) as well.

Income Tax :- Excellent Features in Java Based Income Tax Return Utility.

Friends, 

                    Today, I have checked new Java Based Income Tax Return Utility issued by Income Tax department for the Financial Year 2013-14.  The two new excellent features have been added in it. 

1.       Pre-Fill 

2.       Instant Display of Validation Errors 

                  The above two features can be viewed in below screen shoots.

                    In case you are not able to view the validation errors showing in right top of  the screen.  You may click on view near with file & tool button (available in left top) and enable Show Validation or press Alt+D button for getting validation error messages. 

Pre-Fill Data

           This function is too much easy & simple that can not imagine by anyone.   Just click the button and enter e-filing User ID and e-filing Password.  There is no need of  download & upload function as used in earlier excel based utility. 

Income Tax :- Income Tax Return Utility for Assessment Year 2014-15

Friends  

                Income Tax Department has released following Income Tax Return Utility for assessment year 2014-15.  These income tax utilities are java based.  

              To know how to install/configure and run java, please Click Here 

              

How to use this ITR Form? 

These ITR Forms are developed using the latest in JAVA technology and effort has been made to  make it user friendly, simpler and faster preparation of tax returns. This utility can be run on operating  systems like Windows 7.0 or above and latest Linux, where Java Runtime Environment Version 7  Update 6 (jre 1.7 is also known as jre version 7) or above is installed. 

Note: 

i.Please make sure you have the latest version of the utility before you start filling the information into  the utility. 

ii. Please make sure you're connected to the internet for submission of the ITR Form. 

The following are features available in the ITR Form. 

1. New - On click of this button, a new copy of the ITR form will be available. If you have already  opened the ITR form, you will be prompted to save the earlier copy. 

2. Open -This option is for importing the XML (successfully generated earlier) of a particular A.Y.  Select the path and import the XML. You should check/validate the contents before finalizing  upload/submission. 

3. Save - You can save your completed XML in the desired path/location of your desktop. 

4. Save Draft - This option can be used to save your XML. Please note you cannot upload an  XML which was saved using the ‘Save draft’ option. Only a complete XML generated using  the ‘Save’ option can be uploaded successfully. 

5. Prefill -This option can be used to auto-fill your Personal, Address and Tax details. You will be  prompted to provide your User ID, Password and DOB/DOI to fetch the data. It is advisable to  complete this activity before you start entering other data. Please check/validate the contents.  Please make sure you're connected to the internet to avail this feature. 

6. Re-Calculate - On clicking this button, the data in the utility will be re-calculated. This is to  provide with the utility based calculation/validation. 

7. Submit -Click this button to upload the XML in e-Filing portal. You'll be prompted to provide  your e-Filing credentials, User ID, Password and DOB/DOI. Post submission, the success  message and the acknowledgment number will be displayed. You will be able to download  ITR-V. Please make sure you're connected to the internet to avail this feature. (if the return is  submitted without a DSC) as well. 

8. Help - This option will let you know the shortkeys, instructions, settings and how to use this 

ITR form. 

9. Previous/Next- These will help you to navigate to the various tabs of the ITR form. 

 Shortcut keys 

1 Alt + N Opens a new ITR 

2 Alt + S Saves the ITR in the user desired path 

3 Alt + F4 Closes the utility 

4 Alt + I Imports the XML file 

5 Alt + F Pre-fills the ITR 

6 Alt + C Clears the validation errors 

7 Alt + D Hides/Shows the validation window 

8 Alt + G Opens the SUBMIT screen to submit the ITR 

9 Alt + R Re-calculates the tax details as per the Utility 

Settings 

Following are the recommended settings to use the ITR Utility : 

Software: 

Java Run time Environment Version 7 Update 6 (jre 1.7 is also known as jre version 7) or above 

Any Zip Software to unzip the utility 

Internet Connection: 

Minimum bandwidth of 256 kbps and above 

Checklist of documents and pre-requisites

1. A copy of last year's tax return.

2. Bank Statement

3. TDS certificates

4. Savings certificates/deductions. 

5. Interest statement showing interest paid t you throughout the year.

6. Balance Sheet, P&L Account statements and other Audited reports wherever applicable . 

Downloads

1.  Download Java Based  ITR-1 Sahaj   for Individuals having income from Salary & Interest
               or  Excel Based
2.  Download Java Based  ITR-2  for Individuals and HUFs not having income from Business or Profession
               or  Excel Based 
3.  Download Java Based  ITR-3 for Individuals/HUFs being partners in firms and not carrying out
                                          business or profession under any proprietorship.
4.  Download Java Based  ITR-4 for Individuals & HUFs having income from a proprietory business
                                         or profession.

5.  Download Java Based  ITR-4S Sugam for Individuals/HUF having income from presumptive business.
               or  Excel Based 
6.  Download Java Based  ITR-5 for Firms, AOPs, BOIs and LLP
7.  Download Java Based  ITR-6 for Companies other than companies claiming exemption under section 11.
8.  Download Java Based  ITR-7 for persons inluding companies required to furnish return under
                                         section 139(4A) ore section 139(4B) or section 139(4C) or section 139(4D)

Income Tax :- Updated ITR Forms excel based for A.Y. 2013-14

Friends, 

                 Today is 26th Sep, 2013 and last date for submission of ITR forms are too much near which is  30-09-2013.   Due to heavy rush there are chances that you may not download updated ITR forms from www.incometaxindiaefiling.gov.in.   Therefore, all excel based updated ITR forms for assessment year 2013-14 or financial year 2012-13 have been uploaded separately in below link. 

 in ITR FORMS

http://www.tdstaxindia.com/2013/06/income-tax-indian-income-tax-return.html 

                   User may download any Income Tax return form from above link.  Users are once again requested to download above updated ITR forms keeping in view time to time updation by Income Tax Department, in case he has already downloaded the same. 

Income Tax :- Indian Income Tax Return Forms for Assessment Year 2013-14 or Financial Year 2012-13

Friends,

               Now excel based SAHAJ ITR-1, ITR-2, ITR-3,ITR-4 forms are available for submission of  online income tax returns for the Financial Year 2012-13 or Assessment Year 2013-14.  Download links for RPU's  (Return Preparation Utility)  are given as under :-

Mandatory e-filing having total income exceeds Rs. 5,00,000.00

Online Income Tax Preparation Software for Assessment Year 2013-14

Income Tax Return Preparation Softwares for Assessment Year 2013-14

• 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)          (Download) Latest Release.
  
• ITR-2 (For Individuals and HUFs not having Income from Business or Profession) (Download) Latest Release.
• ITR-3 (For Individuals/HUFs being partners in Firms and not carrying out business or profession under any proprietorship) (Download) Latest Release.
• ITR-4 (For Individuals and HUFs having income from a proprietary business or profession) (Download) Latest release.
• ITR-4S (SUGAM) (Presumptive Business Income Return) (Download) Latest  Release.
   PDF format (Download)
• ITR-5 (For Firms, AOPs and BOIs) (Download) Latest Release.
• ITR-6  (For including Fringe Benefit Tax Return) (For Companies other than Companies claiming exemption under section 11) (Download) Latest Release.
• 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) as per rule 12 of the Income Tax Rules,1962 (Download)

To Download Manual Income Tax Forms for A.Y. 2013-14 (Click Here)

Income Tax :- How can I know which form is applicable for my income?

Friends, 

You should choose a return form according to your status and nature of income from the following:

• ITR1  For Individuals having Income from Salary/ Pension/ family pension & Interest
  
• ITR2  For Individuals and HUFs not having Income from Business or Profession
  
• ITR3  For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
  
• ITR4  For individuals & HUFs having income from a proprietary business or profession
  
• ITR5  For firms, AOPs and BOIs
  
• ITR6  For Companies other than companies claiming exemption under section 11
  
• ITR7  For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D)
  
• ITR8  Return for Fringe Benefits
  
• ITRV  Where the data of the Return of Income/Fringe Benefits in Form ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-8 transmitted electronically without digital signature

ITR (Income Tax Return) R.P.U's and Forms

Friends, Year wise online excel based return preparation software, manual forms, Due dates, Income Tax Slabs, Income Tax Calculators excel based and others Free  calculators  links  are given as under :-

         All Companies And Firms Requiring Statutory Audit U/S 44AB Are Required To Submit The Income Tax Returns Electronically. You May E-File With Or Without A Digital Signature.
       
          Mandatory e-filing for Individuals and HUF whose total income exceeds Rs. 5 Lakh w.e.f. Financial Year 2013-14 (Click Here)

          Mandatory e-filing for Individuals and HUF whose total income exceeds Rs. 10 Lakh (Click Here to Read More)

Important Links for Tax Payers

• Financial Year         Assessment Year        Online(RPU)         Manual 
    2013-2014             2014-2015               Click Here           Click Here                 
    2012-2013             2013-2014               Click Here           Click Here
    2011-2012             2012-2013               Click Here           Click Here
    2010-2011             2011-2012               Click Here           Click Here  
    2009-2010             2010-2011               Click Here           Click Here
    2008-2009             2009-2010               Click Here           Click Here
• AIR Codes in Details                                                             Click Here
• Know Your Pan                                                                    Click Here
• MICR Code of Your Bank                                                    Click Here
• Advance Tax Knowledge                                                      Click Here
• e-Payments                                                                           Click Here
• Know Your Income Tax Ward /Circle/ Jurisdiction                Click Here
• How to submit Revised Income Tax Return                           Click Here 
• Login for e-filing                                                                    Click Here
• Forget e-filing Password                                                        Click Here
• Due Dates for Submission of Income Tax Returns etc.           Click Here
• Income Tax Slabs/Index (F.Y. 2000-01 to up to Date)          Click Here
• Income Tax Calculator  (F.Y. 2005-06 to up to Date)           Click Here 
• Other Free Calculators                                                          Click Here  
• Exempted for Filling of Income Tax Return                             Click Here  
• Name Verification through PAN                                            Click Here 
• Know Your Jurisdiction or A.O. Code                                  Click Here

e-file :- New Website generated by Income Tax Department

Friends,

                    Income Tax Department has launched new website for e-filing of income tax returns.  It contains too many new features.  Now Tax Professionals (C A) can upload their forms electronically like as Form 3CA, Form 3CB, Form 3CD, Form 3CEB and Form 29B. Taxpayers can opt for Higher Security,  alerts,reminders, notification, download xml file and specifically online submission of ITR-1 return form.  Earlier in old website there was only facility to download the excel file and generate/enter data offline and upload xml file, but now data can be entered online and there is no need to enter TDS/Tax details manually. 

Really new website has been launched by Income Tax Department with new amendments and with new easy steps for e-filing (Click here to visit at new Website)

Form 15G and Form 15H (Excel Format)

Income Tax form 15G is declaration under sub section (I) and (IA) of section 197A of the Income Tax Act, 1961 to be made by an individual or a person (not being a company or a firm) claiming certain receipts without deduction of tax.

Income Tax form 15H is also declaration under seb-section (IC) of section 197A of the Income Tax Act,1961, to be made by an individual who is of the age of sixty-five years or more claiming certain receipts without deduction of tax.

Link for the both forms is available (Click Here)

ITR-4 and ITR-4S (SUGAM) RPU

Income Tax Department has released  ITR-4 and ITR4S (SUGAM) excel based forms as free software for submitting online INDIAN INCOME TAX RETURN for the Financial Year 2010-11 or Assessment Year 2011-12.  ITR-4S (SUGAM) is new Income Tax Form for the Assessment Year 2011-12.   Now question arise that who will submit ITR-4 and who will submit ITR-4S (SUGAM).

ITR-4. ITR-4 form will be used for Individuals and HUFs having income from a properietory business or profession for the Assessment Year 2011-12 as per Rule 12 of the Income Tax-Rules,1962)

ITR-4S (SUGAM).  This form will be used for submitting online Indian Income Tax Return for Presumptive Business Income Return. for the Assessment Year 2011-12 as per rule 12 of the Income Tax-Rules 1962. 

To download Indian Income Tax Return forms Manual or Excel Based (Click Here)

New Income Tax Forms for Assessment Year 2011-12

Central Boards of Direct Taxes has notified New Income Tax Forms for Assessment Year 2011-12

New formats in word formats for Assessment Year 2011-12 are given as under :

• ITR-1 (SAHAJ)
• ITR-2
• ITR-3
• SUGAM ITR-4S
• ITR-4
• ITR-5
• ITR-6
• ITR-7
• Acknowledgement

(Click Here to Download)

Calculate Income Tax

Friends,  
                   Yes, Income tax amount can be calculated very easy with the help of link given below.  This excel based calculator calculate income tax w.e.f.  01.04.2005.   You have fill only your total income and saving u/s mentioned as each in white cell only.  Amount of Income Tax for Male, Female and Senior Citizen will automatic calculate in it.  No need to select or define for that.  All in one sheet.

Click here to calculate Your Income Tax 

New form 16A Excel Based Applicable w.e.f. 01-04-2010 Financial Year 2010-11

Friends
                       As per CBDT Notification No. 41/2010 [F.No. 142/27/2009-SO(TPL) dated 31.05.2010,  Form 16 and 16A format have been changed.  The following changes in From 16A are as under :-

• CIT (TDS) address with Pin Code is added in Form 16A
• Summary of Payment is added in Form 16A
• Amount of Tax Deducted in respect of the deductee column is added as per Receipt Number of original statement of TDS.
• Government deductors to fill information in item I if tax is paid without production of an income-tax challan and in item II if tax is paid accompanied by an income-tax challan.
• Non-Government deductors to fill information in item II.
• In item I and II, in the column for TDS, give total amount for TDS, Surcharge (if applicable and education cess.
• The deductor shall furnish the address of the Commissioner of Income-tax (TDS) having jurisdiction as regards TDS statements of the assessee.
• This form shall be applicable only in respect of tax deducted on or after 1st day of April,2010.
• To read Complete Notification No. 41/2010 (Click Here)

New TDS Calculator (Click Here)

PDF format of  New Form 16, Annexure A, Annexure B, Form 16A, Form 24G, and
Form 27D (Click Here)

Excel Based another Forms.

• Form 16A New Excel Based Format
• Form 16    New Excel Based Format
• Form 27D New Excel Based Format
• Form 27A New Excel Based Format
• Download another Important Forms

Form 27A Excel Based Online

                For submit etds/etcs return , Form 27A is required,  Excel based form 27A is ready for general use.

Excel Based another Forms.

• Form 16A New Excel Based Format
• Form 16    New Excel Based Format
• Form 27D New Excel Based Format
• Form 27A New Excel Based Format
• Download another Important Forms

New Form 27D Excel Based w.e.f. 01.04.2010

Friends

                          New Form 16 and 16A excel based have already  published which are applicable w.e.f. 01.04.2010.  Now there is major demand for Form 27D Excel Based.  It has also been prepared.  Form 27D is being used as certificate of  Tax Deduction at Source.  It is used by collector of Tax to whom tax has been collected.




Excel Based another Forms.

• Form 16A New Excel Based Format
• Form 16    New Excel Based Format
• Form 27D New Excel Based Format
• Form 27A New Excel Based Format
• Download another important Forms

New Form 16 Excel Based w.e.f. 01.04.2010