Income Tax

Which ITR Should I File? Types of ITR Forms for FY 2022-23 (AY 2023-24)

Govt. extends deadline for online filing of Forms under Income Tax Act

These Are Some Income tax forms which person can file according to the various factors:

ITR FormApplicable toSalaryHouse PropertyBusiness IncomeCapital GainsOther SourcesExempt IncomeLottery IncomeForeign Assets/Foreign IncomeCarry Forward Loss
ITR-1 / SahajIndividual, HUF (Residents)YesYes(One House Property)NoNoYesYes (Agricultural Income less than Rs 5,000)NoNoNo
ITR-2Individual, HUFYesYesNoYesYesYesYesYesYes
ITR-3Individual or HUF, partner in a FirmYesYesYesYesYesYesYesYesYes
ITR-4Individual, HUF, FirmYesYes(One House Property)Presumptive Business IncomeNoYesYes (Agricultural Income less than Rs 5,000)NoNoNo
ITR-5Partnership Firm/ LLPNoYesYesYesYesYesYesYesYes
ITR-6CompanyNoYesYesYesYesYesYesYesYes
ITR-7TrustNoYesYesYesYesYesYesYesYes

READ  Capital Gains Tax on Sale of Property/ Jewellery

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