How to choose ITR Form for A Y 2015-16

How to choose ITR Form for A Y 2015-16

ITR – 1-(Only Individual)
1.Salary
2. Only one House Property – No B/F losses
3. Other Sources – No B/F lossesException:-Ordinary Resident &
(1) Asset located o/s India; or
(2) Relief/Deduction u/s90,90A and/or 91;or
(3) Agricultural Income (Substituted for has any income not chargeable to tax), exceeding Rs. 5000/-

ITR-2-(Individual/HUF)
1. Salary2. More than one House Property or B/F Losses under the head3. Capital Gains4. Other Sources-B/F LossesException:- No PGBP Income

ITR – 2A(New Form) -(Individual/HUF)
1. Salary
2. More than one House Property or B/F Losses under the head
3. Other Sources – B/F LossesException:-No PGBP Income No Capital Gains Exception:- Ordinary Resident &
(1) Asset located o/s India; or
(2) Relief/Deduction u/s 90,90A and/or 91.

ITR-3-[Individual/HUF (who is partner in firm)]
1. PGBP income includes only Interest/Salary/Bonus/Commission remuneration from partnership firm in which the Individual or HUF is a partner.
2. Salary
3. More than one house property – B/F Losses
4. Capital Gains.

ITR -4S(SUGAM)- (Individual/HUF)
1. PGBP:-Presumptive income u/s 44AD or 44AE
2. Salary
3. More than one House Property –B/F Losses
4. Other Sources – B/F Losses
5. Capital Gains
Exceptions:- Ordinary Resident &
(1) Asset located o/s India; or
(2) Relief/Deduction u/s. 90,90A and/or 91;or
(3) Agricultural Income (Substituted for has any income not chargeable to tax), exceeding Rs. 5000/-

ITR -4-(Individual/HUF)
1. Proprietary PGBP
2. Salary
3. More than one HP- B/F Losses
4. Other Sources – B/F Losses
5. Capital Gains.

ITR – 5-(Firm/AOP/BOI/Local Authority/ Artificial Juridical Person)
Any Income

ITR -6-[Company (Except Section 25 companies)]
Any Income

ITR -7-(Trust/Political Party/Section 10 Exempt Institutions/Section 35  college/institutions)
Any Income