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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Hello,
I have some foreign ($ converted to ₹) affiliate income from abroad, (android app market)
But the total income wouldn't exceed the tax limit. i.e. 250000
i m just passed graduate, heard that if i file a return (nil) this year, i have file in every upcoming years doesn't matter its taxable or not.!-- is it true?
and if i don't file return (nil) what will be fine+penalty.!
Dear Das,
As long as your income is above the basic tax exemption limit you have to file Income Tax Return. If your income is below taxable limit (in any year) it is optional to file return. However you may receive compliance notice stating that you have not filed taxes, to which you can reply that you do not have taxable income.
There won't be any penalty if your case is genuine.
My wife have income from tuition or part time teaching in school and bank interest. I want to file her return now,
pl suggest which ITR FORM i can use and there will be any penalty as her income is less than 2.5 lakh.
Dear Tarun..You can file ITR 4S. You can file the returns now, penalty may not be levied now. But IT dept may levy Rs 5,000 as penalty for 'Belated Return' by issuing a tax notice.
Hi,
I already filed my return for this year using ITR-1
But i have foreign tax credit in my Form16,As a result came to know that i have to file ITR-2 instead of ITR-1.
Now i am ready with ITR-2 file to upload.
But when i try to upload ITR-2 it is throwing error saying u/s139(1) can have only one original return. Kindly help what can be done in this case!!! Kindly help
Dear prudhvi..You have to file Revised Return. Suggest you to take help of a CA.
what you can do is request an intimation U/s.139(9) which option is available after logging into your account.After receiving the intimation prepare ITR 2 in XML then you can upload the XML file according to the instruction in the intimation.
Sir, I earned commission from collection of public deposits for the assessment years 2015-16 . Which ITR Form shouk I e.filed for individual pl.
Dear Renugadevi ..You can file ITR 4.
Mr. Sreekanth
My total income is u/c 94 C Rs. 360800/- and TDS Deduct 1% 3608/- as per 26 as
which form ITR form Fill for ITR a.y. 2016-17
anup
Dear Anup..You can file ITR 4 or ITR 4S.
HI SHREEKANTH,
I HAVE SUCCESSFUL ITR E-verified ON 07/09/15 WHEN WOULD MY REFUND WILL COME
Hello Sreekanth Reddy,
I have read your posts regarding Income tax.I am salaried class.
I have one query .Can I claim HRA in case I am staying with my wife and flat is in name of my wife with rent paid to my Wife.
I am having other flat in my name in another city which is let out .Do I have to show the income from this flat on My ITR.
Regards,
Bhavesh
Hi, I am an NRI, having income in India only from Interest, on whihc TDS is already deducted.
However, the total interest earning is less than 1lakh. So, I need to get the tax refund.
Which ITR form to submit?
I have business. But business on my partner name and he gettting pension from govt and also he earning rent 1000/month from house. For this which type it returns file and how much income gain person are eligible to file returns inthis case.
I'm partner in an Architectural firm.Also I am working as Sr Architect in a renowned Architectural Firm from where I get salary in every month . I've no other income.Which ITR I've to submit?Pl suggest.
Dear Mr. Reddy, my father a senior citizen has income of rs. 150000 from proprietorship business and also have agriculture income of rs. 180000 every year for the FY 2013-14 and FY 2014-15.. which ITR form should i choose to file his returns online now for FY 2013-14 and 2014-15 ?...