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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Respected.......
My wife has no income but interest paid for FDR bank had deducted tax Approx Rs 750/- which form for ITR will be filled .ITR is filing is must or not .
Thanks
Dear Darshan..To get back the TDS, you can file ITR1.
Hi,
I have salary(2 months) as well as tuition income(10 months) in FY 2014-15. Though the total income is below the tax slab but the school I was working with has deducted TDS for 2 months. Which form shall I use to file return and claim TDS back? Please advise.
Dear Neelam..You can file ITR4.
Sir, I work for an IT company. Till Oct, I was earning in India. After that I have been deputed in Netherlands in a dual payroll model. I earn basic salary in India, I earn incentive in Netherlands. There is no taxation for me in Netherlands, for the income I earned in Netherlands, the company has already paid tax to Indian government which is reflected in Form 16.
Now, which ITR form should I use for tax filing? My company says ITR-2. But your blog says ITR2 can't be used by individual who earn outside India.
Regards,
Harish.
Dear Harish,
ITR 2A is not applicable but you can file ITR 2.
i am a student. i have no income from any of the sources. I want to file an ITR. which form should i have to fill. i have no property on my name. please suggest.
Dear Avinash ..if you do not have any income, how can you file ITR?
Sir,
My wife is a private tutor. She teaches students at home. Her earning is about 1.6 lacs Per Annum. Will you please guide me in filling income tax return. She do not have any other income except this tuition income.
Thanks in anticipation.
Dear Rakesh..The income is below basic exemption limit. If she wants to file her taxes then she can file ITR 4S form.
Sir, My wife is also taking tuitions at home and her I/C is approx 1.10 L from tuition and approx 1.5L from other sources during last FY . As advised , supposed she files return in ITR 4S, then
can she show 90% profit.
what would be nature of business
Dear Divya..Yes she can report 90% income. Business can be 'Tuition & allied activities'.
Dear sir,
I have Sec 10(16) income. Where in ITR1 am I to reflect it?
Sangeetha
Dear Sangeetha..you need to deduct exempted allowances from your gross salary and show your income accordingly in ITR.
I am housewife and have income from FD and rent. Which form should I fill?
Dear preeti..Is rental income from multiple properties???
I have income from salary, rent from one house property , interest from FD, want to claim benefit of additional execemption provided on home loan above 1.5 lakh under 80 ee. Which form should I fill ?
Dear Raghav..You can file ITR form 1.
Can use ITR 1 if I have DIVIDEND INCOME?
How to show it in the return?
Dear acharya..Do you have any other sources of income? Dividend income is tax exempted. You can report it under 'exempted incomes'.
I am a salaried employee. I am having housing loan and claiming the Interest and Principal. Which form I need to use if I need to claim previous years Interest? Thanks
Dear Sreekumar,
You can file ITR1. Are you referring to 'Interest amount during pre-construction phase?'
Yes. I had started the repayment of the EMI before the construction completed. I heard that I can claim the interest in 5 equal installments. Am I correct??
1. Which the form I need to use in e-file
2. Can I claim the Pricipal part of the emi from before completion
Thanks
Sreekumar
Dear Sreekumar..ITR 1 can be used. No, you can not claim the Principal part.