Income Tax Portal being revamped we all are pretty excited to see the new features on E filing portal which are user friendly and further eases out the ITR E filing experience. Just after you push the Login button a new range of list of forms take over and now you wonder which form is apt or applicable for you. If you want to know more about the importance information for individuals to decide which ITR form to use for E Filling. Checkout the entire blog to know more!

1. IMPORTANT
INFORMATION
ITR Form to
Use for E
Filing

2. Total Income < Rs 50 lacs . The income may
consist of various forms like Salaries, Interest
Income etc. Property owners deriving income
from one property can also us ITR 1 form. Be
careful if you are earning Rental income from
more than 1 property this form can’t be used.
ITR 1
This simple ITR form is applicable for
Resident Individuals only in cases where

3. Where Total Income > Rs 50 lacs . The income
may consist of various forms like Salaries,
Interest Income etc. Property owners deriving
income from one or multiple properties can use
ITR 2 form.
ITR 2
This ITR utility is applicable for
Individuals and HUF’s not having income
from Business and Profession. Likewise
this form can be used

4. Individuals and HUF’s having income from
Business or Profession.
By both Residents and Non Resident Indians.
This form being extensive has the functionality
to capture all sources of income in it.
ITR 3
This comparatively complex ITR utility is
applicable for Individuals and HUF’s
having income from Business and
Profession. Likewise this form can be used

5. Please be aware that if you are Director in the
company then you can’t use ITR 4 for your ITR
Filing. But if you want to take advantage of
Presumptive sections you can do the same by
using ITR 3 form
ITR 4
This is one of the most important and
simple forms introduced by the IT
department . It is applicable to

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Phone: +919811094733
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