This document discusses income tax returns (ITRs) in India. It defines tax and explains that an ITR is a form submitted to the Indian tax department by individuals and organizations. It outlines who is eligible to file an ITR based on their income source and lists the main ITR forms (ITR1 through ITR7). It provides more details on ITR2 and ITR4, including who can file each form and cannot. Finally, it outlines the basic steps to file an ITR online through the e-filing portal.

1. Sowmya H S
2nd M.Com

2. Meaning of tax
Tax is a compulsory financial contribution imposed
by government to raise revinue, levied on the
income or property of person's or organization.

3. Income tax return;
Income tax return is a form of which person is
supposed to submit the income tax department of
india.
Generally ITR filing date july 31, but this year
extended to September 30.

4. Who is eligible;
Whose income falls under these heads;
 Income from salary.
Income from house property.
Income from capital gain.
Income from other sources.
Income from business and profession.

5. Types of ITR;
 ITR 1
 ITR 2
 ITR 3
 ITR 4
 ITR 5
 ITR 6
 ITR 7

8. ITR-2
ITR-2 form say's- the person total income more
than 50lakh.
Who can file;
 Income from salary.
Income from house property (>1).
Income from capital gain.
(Including horse race, winning lottery etc....).

9. Who cannot file;
∆ Business and professional person.
∆ Who file ITR 1

10. ITR-3
Who has earned income from business oror
profession.
Who can file;
 Company director.
Company partners.
( deposit amount more than 1 crore)
Who cannot file;
 Who file ITR 1,2 and 4.

12. ITR-4
Who can file;
Salary income up to (50 lakh)
House property income up to(50 lakh).
Business income u/s 44AD and 44AE
Professional income u/s 44ADA.
Who cannot file;
Whose individual or partnership firm should be
audited under the IT act 1961

14. Steps to file ITR;(online)
First go to the income tax e filling portal.
( www. Income tax India e-filing. gov.in)
Login to e-filing by entering PAN number and
loginlogin.
Click on the e-filing menu and click the ITR link.
Select the ITR number and assessment year.
Select submission mode and click countinue.
Read the instruction carefully and fill all applicable and
mandatory field.

15. Click on the preview and submit button to verify
all data.
Submit the ITR

16. Conclusion;
ITR is compulsory and mandatory to file to
the government. ITR is helps to the
taxpayers to choose correct form to pay tax
because it contain information to all the
things