ITR Forms for AY 2021-22 notified by CBDT

Taxpayers should note that Income Tax Return Forms [ITR] have been notified by Central Board of Direct Taxes [CBDT]

Forms are as Follows:

ITR-1 Sahaj

• This form is for individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest, etc.), and agricultural income upto Rs. 5 thousand
• This form is not for an individual who is either Director in a company or has invested in unlisted equity shares or in cases where TDS has been deducted u/s 194N or if income-tax is deferred on ESOP

ITR-2

This form is for Individuals and HUFs not having income from profits and gains of business or profession

ITR-3

This form is for individuals and HUFs having income from profits and gains of business or profession

ITR-4 Sugam

• This form is for Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE
• The form is not for an individual who is either Director in a company or has invested in unlisted equity shares or if income-tax is deferred on ESOP

ITR-5

• This form is for persons other than- (i) individual, (ii) HUF, (iii) company, and (iv) person filing Form ITR-7
• For Example Partnership Firm, LLP, local authority, AOP/BOI – other cooperative banks, other cooperative society, society registered under society registration Act, 1860 or any other Law corresponding to that state, Primary agricultural credit society/cooperative bank, Rural development bank, Business trust, investment fund, Trust other than trust eligible to file Return in ITR 7, any other AOP/BOI, artificial juridical person, sub-status- Estate of the deceased, Estate of the insolvent, Other AJP

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) only