Which ITR form to file? | Types of ITR | ITR1,ITR2,ITR3,ITR4,ITR5,ITR6,ITR7 | how to choose ITR FORM

CA Ashish Varwani
CA Ashish Varwani
179.5 هزار بار بازدید - 4 سال پیش - Which ITR should you File?
Which ITR should you File? | Types of ITR | ITR1,ITR2,ITR3,ITR4,ITR5,ITR6,ITR7 Explained


Income Tax Return (ITR) is a form in which the taxpayers file information about his income earned and tax applicable to the income tax department. The department has notified 7 various forms i.e. ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 till date. Every taxpayer should file his ITR on or before the specified due date. The applicability of ITR forms varies depending on the sources of income of the taxpayer, the amount of the income earned and the category the taxpayer belongs to like individuals, HUF, company, etc.

Why you should file ITR?

It is mandatory to file income tax returns (ITR) in India if any of the conditions mentioned below are applicable to you:

If you have more than one source of income like house property, capital gains etc.

If you want to claim an income tax refund from the department.

If you have earned from or have invested in foreign assets during the FY.

If you wish to apply for visa or a loan

If the taxpayer is a company or a firm, irrespective of profit or loss.





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professional opinion. Viewers are advised to kindly
go through to original Government publications/
notifications and published case laws or judicial
pronouncements.





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4 سال پیش در تاریخ 1399/03/31 منتشر شده است.
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