Thursday, 16 May 2013

Income Tax | Filing Returns - Why Four ITR Forms for Individuals / HUF?


The 4 forms are designed on a hierarchical order and the forms should be referred as below. The 'Assessee' with lower form relevance should not go for higher one.

Case #Income from Salaries and Interest under head
“Other Sources”
Any income
other than “Partnership”,
Income from Partnership in businessIncome from Proprietorship businessITR Form
Case 1.  Yes X X X ITR - 1
Case 2. Yes / No Yes X X  ITR - 2 
Case 3. Yes / No Yes / No Yes X  ITR - 3 
Case 4. Yes / No Yes / No Yes / No Yes  ITR - 4 

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