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
Filing your Income Tax Return (ITR) is not just about meeting deadlines—it’s about choosing the…
Retirement planning in India is often misunderstood. Many people think any long-term savings or investment…
You’ve probably seen the same property quoted at different prices. One person says ₹60 lakh,…
Buying insurance is easy. Getting your claim settled—that’s where the real test begins. For any…
Gifting immovable property—like land, plots, or houses—is super common in India. Families often do it…
Most people believe that investing alone is enough to create wealth. But in reality, many…
This website uses cookies.
View Comments
My yearly income is 4l,No other income,which form to download while e-filling
Dear Ranbir..you can file ITR 1.
Hi Sreekanth,
i would like to know few details of ITR. my mom is a pensioner. she get pension of my father who is deceased. will the ITR filing time and process be different from regular ITR whose last date is this Sept 7th. thanks for your help in advance,.
Dear Pradeep,
The last date for filing AY 2015-16 returns was Sep7th 2015. Did you miss filing the Returns?
7 Sept was due date not the last date. The return can still be filed selecting the option after due date.Refund due can also be claimed.
Hi ,
I sold some stock shares in the end of March in 2014 , these were purchased around 4 years back . Amount came to my account on 2nd April 2014 . Which ITR should I fill in.
Right now I am in US since December 2014 and do I need to show US income while I have paid full Tax in US.
Is there any contact number where I can call you ?
Thanks for your help.
Dear Vik,
If you have made Long term capital gains on the sale then it is exempted from income tax. You can report this as an Exempted income in ITR of AY 2016-17.
I have 50 Lacs from transport of passenger
i tk home tutions earning is one lakh and received one time maintenance amount 5lacs, pls share whuch ITR to fill and section under which declaration to make
Dear Tanu..You can file ITR 4S.
I have about 4 lkhs gross income in 14_15 which is fully exempt under section 10(16)... I have ppf savings of about 50,000..what form should I use?
Dear Soumik..You can file ITR 1.
IN WHICH COLUMN DO I HAVE TO CLAIM FOR 10(16) as there is no column for 10(16) in itr 1
Dear Rilesh,
Did you receive any scholarship? The full amount of scholarship granted to meet the cost of education is exempted. You can report it as an exempted income under 'Tax paid & verification' section.
Dear what is difference between ITR-4 or 4S...
Dear Naveen,
ITR 4S is applicable if tax assessee has any 'Presumptive income' for ex; income from taking Tuitions.
ITR 4 can be used to report any type of income etc.,
Kindly refer to the points mentioned in the article.
If an individual client has a future trading which is to be booked as normal business income or loss as per income tax provisions under Sec 43(5). So i just want to confirm that in such case, ITR 4 is the correct once or some other ITR.
Plus In ITR 4, it is asking for a details of business or profession, sundry debtors and creditors but since its not a business as such but has been made as business income by law.
So how to deal with that details???
Thanks in advance.
Prompt response would be appreciated
Dear Abhishek,
Future trading is a Speculative business, you can file ITR 4.
Kindly consult a CA to file your taxes.
Hi,
My wife has income from commission (property) and TDS has also been deducted and deposited to Income Tax department by the provider of commission. Can you please let me know which ITR i have to file?
Thanks,
Dear Arjun,
You can file ITR 4.
I'm working in a NGO earning about 2.7 lacs p.a. I do not have any other income. Which ITR should I fill - ITR1 or ITR4S?
Dear Vipul..You can file ITR 1.