For much transparency, the Income Tax Department circulated amended directions for furnishing the Income Tax Return (ITR) 1, 2, 3, 5, 6 & 7 forms
During the issue of the instruction for the offline use guides, the assessee should select the assessment year then they must download the excel and java utility. The utility file gets automatically downloaded into the system in the compressed mode ZIP file in the download section.
Thus lastly unzip the file which has the utilities. The extracted file will be saved in the same location where the file compressed utility file gets downloaded. Start the utility and start filling.
The ITR 1 said that the person if lives in the country whose income is around INR 50 lakh from salaries, one house property another source such as interest, FDs, etc. along with the income from agriculture up to Rs 5000 excluding for the person who is a director in the company or has an investment in the unlisted equity shares.
The ITR 2 and ITR 3
The ITR 4 is concerned with the Individuals, HUFs and Firms (other than LLP) which are Resident with a total Income upto INR 50 lakhs earning their income from Business and Profession taxed under sections 44AD, 44ADA or 44AE (Not applicable for an Individual who is either Director in a company or has invested in Unlisted Equity Shares).
The ITR 5 is in regard to characters other than Individual, HUF, Company, and character who is filing Form ITR-7
The ITR 6 is in regard to companies rather than companies availing the privilege beneath section 11.
The ITR 7 is in regard to characters which consists of companies expected to file the returns beneath sections 139(4A) or 139(4B) or 139(4C) or 139(4D). Recommend Taxscan AdFree to see the Judgment.
| Form Name | Instruction Link |
|---|---|
| ITR 1 Form | Click Here |
| ITR 2 Form | Click Here |
| ITR 3 Form | Click Here |
| ITR 4 Form | Click Here |
| ITR 5 Form | Click Here |
| ITR 6 Form | Click Here |
| ITR 7 Form | Click Here |
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