I am not sure about which form I should use to file my tax return.
Its simple. The form you need to fill out depends upon the nature of your income. Please note that you only need to fill out just one form.
If you are a salaried employee with no additional sources of income apart from your salary, you will need the simple ITR1 form. However, if you have any additional sources of income such as interest income, rental income, or capital gains from sale of assets, then you will need to use ITR 2 form.
The details of the most commonly used forms for individuals are shown below.
| Form No. | Applicability |
| ITR 1 | If you are an Individual and only have income from salary, pension, family pension or interest. For example: Amit earns salary income from his job at Infosys, but has no other sources of income. He must file his tax return using ITR1 form. |
| ITR 2 | If you are an Individual or a HUF and have other sources of income such as rental income, capital gains from sale of assets, dividend income. For example: Aruna earns salary income from her job at Infosys, but also has interest income from her savings account and FDs, and earns rental income from her apartment. She must file her return using ITR2 form. |
| ITR 3 | If you are an Individual or a HUF and are a partner in a partnership firm. For example: Raj is a partner at a firm of Chartered Accountants. Neha is a partner at a Law firm. Both Raj and Neha must file their respective returns using ITR3 form. |
| ITR 4 | If you are an Individual or a HUF and have income from a proprietary business or profession. For example: Devika is a doctor and only works at her clinic at home. She must file her return using ITR4 form. |
The above forms are the most commonly used forms for individual taxpayers. However, if you are a company and need to file returns, you can find more details for other forms here.
| Form No. | Applicability |
| ITR 5 | For Firms, AOPs and BOIs |
| ITR 6 | For Companies other than companies claiming exemption under section 11
|
| 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) |
| ITR 8 | Return for Fringe Benefits |
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Comments
|
Abhishek said : 21/07/2009 |
I have income in nayure of salary,capital gains and tution income. I need to confirm that do i need to file ITR 2 for income tax return. |