😀 Free Tax consultation with Myitronline.

Income Tax efiling in India for FY 2023-24 (AY 2024-25)

We have changed the way people do tax filing in India. We don’t just get your tax return filed within minutes but get you maximum refunds in shortest time.

File ITR Now Hire eCA Now

Types of ITR Forms: Which ITR Form to Download & File ITR Online?

Don't delay in taxing - File your ITR today . The Income Tax Department has introduced various ITR forms for different categories of taxpayers and their sources of income. When filling out taxes is the first and most important step in finding out “What ITR Form should you file? How do you choose the right Income Tax Return form? etc.… ”. Choosing the wrong tax return form to complete the ITR can make your ITR defective. With this guide, we will provide you with a complete understanding of each component related to income tax return forms, and that in the vernacular!

What are ITR forms?

ITR forms refer to Income Tax Return forms. The ITR form is a prescribed form in which you submit details of your income, deductions and taxes paid in the financial year to the Tax Department. It also allows you to continue the loss and claim a refund from the Tax Department. There are various ITR forms set up for different categories of taxpayers. The selection will depend on your Taxpayer's status, income type and residency status in India etc.

ITR forms and Income Tax Return,are the two terms interchangeable?

People often use ITR and ITR forms as alternatives but this is not really the case. ITR forms are forms in which income tax returns are submitted. Once your form has been successfully submitted to the tax department, it can be called Income Tax Return, not in any previous category.

What are the different ITR forms for Income Tax Return Filing(ITR) ?

Every year new ITR forms are released by CBDT (Central Tax Board) to provide your appropriate ITR Financial Year with the tax department.

Let's talk about which form to complete.

Which ITR to file for the FY 2020-21(AY 2021-22) ?

The official website of the Income Tax department lists the various ITR forms that taxpayers may need to complete on the basis of income. Some of these forms are easy to complete and some require additional disclosure such as P / L statements (gains and losses) etc. Find out which ITR form applies to your ITR email completion -

ITR 1 or SAHAJ for FY 2020-21(AY 2021-22)

Sahaj is one of the simplified single-page forms.

Who can file ITR 1?

This form is for a citizen with a full salary which includes the following:

  • Income derived from salary or pension.
  • Income from sources other than income derived from winning the lottery or income from running and maintaining race horses, taxable income under section 115BBDA or section 115E.
  • Revenue from One House Property, however, in this form, losses incurred over the years or further losses are not eligible.
  • Revenue from agricultural activities amounts to Rs 5000.
  • The total per capita income should not exceed 50 Lakhs.
Who cannot file ITR 1(Sahaj)?
  • Non-Resident
  • Not a Normal Citizen
  • Someone who owns a business or a job
  • Anyone with an income exceeding Rs 50 lakhs
  • If you own more than one home
  • Income earned by lottery winnings or race horses, gambling or guessing income
  • Profit Capital Gains
  • A person with a financial interest in assets outside of India, including any signing authority for accounts held outside India
  • The person seeking assistance is / s 90 / 90A / 91 with foreign taxes
  • Loss under revenue from other sources
  • One who wishes to continue or bring losses below the income of the property
  • The person who holds the position of Director in the company
  • A person who has held any unlisted shares at any time during the past year
  • Agricultural income in excess of Rs. 5,000 / -
  • Any TDS credit claim is in the hands of any other person

ITR 2 for FY 2020-21(AY 2021-22)

Who can file ITR 2?

This form is for individuals or HUF (Hindu Undivided Family) whose income includes:

  • People who have been invested in unlisted shares at any time during the entire financial year.
  • Each person is a director in the company.
  • Citizenship (ROR / RNOR) or non-resident.
  • Revenue earned with high profits
  • Revenue from imports / other foreign revenue.
  • Agricultural income is more than Rs 5,000 / -
  • Revenue where clubbing provisions apply
Who cannot file ITR 2?
  • Individual income or HUF accumulating business or expertise
  • Partner of a cooperative firm with a proceeds from the partnership

ITR 3 for FY 2020-21(AY 2021-22)

Who can file ITR 3?

This form should be used by an individual or an Individual Hindu Family who performs a specific function or business. The following persons are eligible to complete this form:

  • Residence may be Non-Citizen or Citizen (ROR / RNOR)
  • If the person is a company director.
  • People who have been invested in unlisted shares at any time during the entire financial year.
  • Revenue from other sources, Revenue from a partner in the company.
  • Income from Salary or Pension
  • Revenue from Real Estate (one or more)
  • The total revenue can exceed 50 lakhs in this case.
  • Revenue from capital gains or foreign / foreign income.
  • who has the income under the head? profit or profits of a business or profession and who is not eligible to submit Form ITR-1 (Sahaj), ITR-2 or ITR-4 (Sugam).
Who cannot file ITR 3?
  • Companies
  • Trusts
  • Co-operative Society
  • Local Authority
  • Artificial Juridical Person
  • Firm including LLP
  • AOP, BOI

ITR 4 or Sugam for FY 2020-21(AY 2021-22)

Who can file ITR 4?

  • This form is applicable to both residents and HUFs.
  • With the exception of LLPs all co-operative firms are resident and have professional or business income.
  • Those persons who have opted for an arrogant income scheme in terms of Section 44AD, Section 44AE and Section 44ADA of the Income Tax Act.
  • If the profit of a person's business exceeds Rs. 2 crore, and then need to complete ITR-3 with the Audit Report, not ITR 4.
  • ITR 4 revenue should not exceed Rs. 50 lakhs.
  • Income from One House Property (losses incurred in previous years or continued losses are not eligible for this ITR form).
  • Income From Salary Or Pension.
  • Revenue from other sources. (excluding lottery winnings or revenue earned from managing and maintaining race horses, taxable income under section 115BBDA or 115BE).
Who cannot file ITR 4(SUGAM)?
  • Anyone who takes care of the books of account and is willing to pay the costs with income and does not want to file in accordance with the provisions of 44AD / 44ADA and 44AE i.e. the estimated tax base.
  • Revenue generated by large profits.
  • If you own more than one home whether you are comfortable or living alone
  • A person with an agricultural income of more than Rs 5,000.
  • Person Director at the company
  • A person holds any unlisted shares at any time during the past year
  • People with financial interest in assets outside of India, including any signing authority for accounts held outside India
  • Income derived from winning lottery or owning and managing race horses, gambling or speculative income
  • The person seeking help is / s 90 / 90A / 91 with foreign taxes.
  • Loss under revenue from other sources
  • One who wishes to continue or bring losses below the income of the property
  • any TDS credit claim in the hands of any other person

ITR-5 for FY 2020-21(AY 2021-22)

Who can file ITR 5?

The following should select the ITR-5 form:

  • Investment Fees
  • Business prospects
  • The legacy of the poor
  • Artificial Juridical Person (AJP)
  • Human body (BOIs)
  • LLPs
  • People's Organizations (AOPs) and Companies.
Who cannot file ITR 5?
  • Individuals
  • HUF
  • Company
  • One needs to complete Form ITR-7 i.e. Trusts etc. you want to be released in Section 11.

ITR-6 for FY 2020-21(AY 2021-22)

Who can file ITR 6?

This form can be used by companies that do not want to be exempted under Section 11 and a company other than the company that is required to file a return on Form ITR-7.

Who cannot file ITR 6?
  • Category 11 companies that are companies created for charitable or religious purposes
  • Companies Working in Form ITR-7

ITR-7 for FY 2020-21(AY 2021-22)

Who can file ITR 7?

Persons including companies who are required to complete tax returns under Section 139 (4A), Section 139 (4B), Section 139 (4C), Section 139 (4D) must opt ​​for the ITR-7 form. The details against each category are explained to you below:

  • Section 139 (4A): Reimbursement to be paid in respect of Revenue from the property, the true owner of the trust or the property is held under any other legal obligation. In this case the revenue should be used for charitable or religious purposes only.
  • Section 139 (4B): Reimbursement in respect of the amount of Revenue received by a Political Party
  • Section 139 (4C): Businesses listed below must submit refunds under this section:
    i.) Scientific Research Organization.
    ii.) Educational institutions, hospitals and other medical institutions.
    iii.) Organizations and institutions listed under section 10 (23A) and Section 10 (23B).
    iv.) News organizations.
    v.) Other as may be determined.
  • Section 139 (4D): Reimbursements to colleges, universities and any other institutions that are not required to reimburse income or losses under any other category should be included under this section.
Who cannot file ITR 7?

Any one of the above persons may not report using the ITR 7 Form.

How can I download ITR Form utility online?

ITR forms can be downloaded at any time from any year on the Income Tax India website.
Steps to download the ITR form utility online -

  1. Visit the official website of the Income Tax department of India. By clicking on
  2. Navigate to the heading "Downloads" on the right side of the screen
  3. Click the ‘IT Return Preparation Software’ option.
  4. Select a specific test year.
  5. Click on ‘Excel Utility’ to download the excel file of the ITR you want.

What are the changes in the new ITR forms for AY 2020-21 (FY 2019-20)?

ITR forms were notified by 1/2020 dated 3 Jan 2020 by CBD. Changes brought

One or more bank accounts can be selected for a refund. In the event that more than one account is selected, the final decision will be made by the CPC on the selection of a single account that will include a refund. Previously, only one account could be selected.

According to the income tax provisions if the income exceeds the basic release limit [Rs 2.5 lakhs for those under the age of 60] it is mandatory to file an ITR. In addition section 7 is added to section 139 (1) as the deposit must be made even if your income is below the basic exemption limit in the following circumstances.

  • Total cost of electricity combined if it exceeds Rs 1,00,000 / -
  • The amount of deposits attached to the current account if it exceeds Rs 1cr
  • Total combined travel expenses in excess of Rs 2,00,000 / -

The total actual cost incurred in the above categories should also be reported during the filing of the ITY for FY 2019-20.

Which ITR to file for the AY 2019-20 (FY 2018-19)?

ITR form number Description
ITR 1 For non-resident non-Citizen residents, with an income of up to Rs. 50 lakh. Owning income, one-off property, other resources and Agricultural Income up to Rs. 5 thousand (not for any person who holds the position of director in the company or has invested in unlisted shares)
ITR 2 Income from both persons and HUFs from wages, property, capital gains, foreign investment and Agricultural Income Rs. 5 thousand and more. The total annual revenue may exceed Rs. 50 Lakhs. One should not have the profits and profits of a business or profession.
ITR 3 Individuals and HUF have benefits and benefits for the business or profession.
ITR 4 Individuals, HUFs and firms other than LLP, a citizen with a income of up to 50 lakhs and with income from business and computer work under section 44AD, 44ADA and 44AE. (not for any person who holds the position of director in a company or has invested in unlisted shares)
ITR 5 For individuals other than Individuals, HUFs, companies and individuals applying ITR-7
ITR 6 To all companies except those seeking a waiver under Section 11
ITR 7 Individuals / Companies required to provide refunds under section 139 (4A), 139 (4B), 139 (4C) and 139 (4D).

Frequently asked questions

ITR for AY 2020-21 (FY 2019-20) can be completed after the end of the financial year i.e., 31st March, 2020.

You can check out the blog above to find out how the ITR form works

ITR - 1 / ITR-2 / ITR-3 / ITR-4 can be submitted individually depending on the sources of revenue and other relevant information.

If a person is always earning only income, it means that Form ITR-1 is applicable depending on the circumstances

The effectiveness of the ITR form depends on the source of revenue. For example, the revenue of a commission agency can be considered as other sources of revenue or business. If a person has a large source of income such as income and earns a commission, he or she may choose to apply for ITR1. Although if a person has a primary source of income as a commission then it may be considered a business income and may choose to include ITR3 in this.

Krishna Gopal Varshney

Krishna Gopal Varshney co-founder & CEO of Myitronline is amongst the top emerging startups of Asia and authorized ERI by the Income Tax Department. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. ”

Was this article helpful?
25 out of 78 found this helpful

Contact Support

Not finding the help you need?

Submit a Ticket

Prosperous impression had delay

Email us

Reach us at