New ITR forms AY 2015-16 are now available on Income Tax Department’s website. You can now file/e-file your Income Tax Returns for the Assessment Year 2015-16 or Financial Year 2014-15.
In addition to ITR-1, ITR-2 & ITR-4s, a new form ITR-2A has been introduced. It is an extended version of ITR1 and a trimmed version of ITR2. The last date to file tax returns has been extended till 31st August, 2015.
In this post let us understand – Who can file ITR1 / ITR2 / ITR2A / ITR4S? What are the conditions related to each Income Tax Returns Form (ITR)?
Who can use ITR-1 form?
ITR1 is also known as Sahaj form. This form can only be filed by an Individual and no other assessee can use this form for filing of their return of income. This form can be used if you have;
(If income of another person like your spouse, minor child, etc. is to be clubbed with your income, this Return Form can be used only if the income being clubbed falls into the above income categories)
Who can use ITR-2A AY 2015-16 form?
ITR2A form can be filed by an Individual or Hindu Undivided Family (HUF). ITR2A can be used if you have;
Who can use ITR-2 form?
ITR2 form can be filed by an Individual or Hindu Undivided Family (HUF). This form can be used if you have;
Who can use ITR-4S Sugam form?
ITR4S form can be filed by an Individual or Hindu Undivided Family (HUF). This form can be used if you have;
Who can use ITR-3 form?
ITR-3 can be used by an assessee who is an individual or HUF (Hindu Undivided Family) and who is a partner in a firm but does not have income from business or profession or carry business under proprietorship.
ITR3 form can be filed where taxable business income is only from the salary, interest, commission, remuneration or bonus receivable from the firm as a partner.
Who can use ITR-4 form?
ITR 4 form can be used by an assessee who has income from business or profession. This ITR covers all kind of businesses and professions irrespective of any income limit. Assesse can also report his income from salary, house property, lottery winnings, capital gains, speculative income i.e. horse race in ITR4 together with the Business Income.
To know about the changes in the new ITR forms AY 2015-16 and to download ITR1/ITR2/ITR2A/ITR4S for Assessment Year 2015-16 ..Click here..
Latest update : E-filing of ITR forms 3, 4 and 7 has been enabled.
(Image courtesy of hywards at FreeDigitalPhotos.net)
This post was last modified on July 10, 2023 8:53 pm
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Hi Sir,
I am fillinf Form ITR 1, What should I select for column A21 where it ask about residential information. I am Indian citizen and living in New Delhi.
Dear Sita..You can mention it as 'Resident Indian'.
Dear Sir,
I had 1 home loan which I closed and taken new home loan against new property. Which ITR form i should follow?
Will it be possible to show interests from both loans as deductions?
Dear Manish,
Did you close the loan in FY 2014-15? Have you occupied or given the new property on rent? (Is the construction completed?)
sir
i am working in Kendriya vidyalaya Sangathan- KVS (central govt affiliated organisation) .
WhichITR form i have to file . ITR I or ITR IV?
Dear Lalit..what your source(s) of income??
I had already filed ITR 1 in July 2015 for salaried persons based on form 16. Recently I saw in form 26AS under my PAN, an amount of 2000 is shown as TDS deposited from XYZ company (where i invested some amount earlier and closed the account) . Can I fill another ITR file for this? if so Which ITR form I should file?
Dear Mahesh..You can file same ITR form and file it as 'Revised Return'.
If a person earns purely commission from his employer, which ITR form should be used? Can the return be filed in ITR1 to get back the TDS?
Dear Peter..It is advisable to file ITR form 4.
You mentioned ITR 1 for income from other sources like FD and ITR 2A as well for the same. Can you please explain on that, I am getting confused.
Dear Saurabh..Kindly share your source(s) of income to make things clear.
i am employee woring in govt. i file returns every year. but last year i have purchased 4lk worth shares on my wifes demat, but source is my income how to do.she has no income. but i want to know how to file not showing capital gains to my returns
thank u
Dear Raju..Did you sell those shares? You may treat this money as 'gifted' one.
Kindly go through my article : Gifts & Taxation.
Dear Sir,
I have income from 1 house rented Rs-12000 per month (annual-Rs- 144000) . Do I need to file ITR?
Will this income be listed with my PAN card transaction deail.
Regards,
Ganga
Dear Ganga..Is this the only source of income that you have? Did you share your PAN details with your tenant?
yes this (house rent income) is the only source of income & I shared with my tenants...
Dear Sir,
I have income from 1 house rented Rs-12000 per month (annual-Rs- 144000) . Do I need to file ITR? Will this income be listed with my PAN card transaction deail. House Rent is the only source of income which I shared to my tenant.
Thanks,
Ganga
Dear Ganga..In your case filing of ITR is not mandatory.
Sir, am an NRI and have no income or Investment in India. TDS deducted on my saving account by bank what I have. Which ITRform should i use to get the refund.? When I used the website, It is asking me to flll income details, which i dont have in India.
Dear Tency..You can enter 'Zero' income and show TDS details, to claim the refund.
I have minor income more then rs 1500 . i file itr 2 and also fill schedule SPI BUT NO MINOR INCOME SHOWN IN MAIN FORM . PLEASE TELL HOW IT WILL SHOWN IN MAIN FORM