This document discusses the different income tax return (ITR) forms in India and who can use each form. ITR-1 can be used by individuals with income from salary, one house property, and other sources. ITR-2 can be used by individuals with income from salary, house property, capital gains, and other sources. ITR-4 can be used by individuals with business/profession income. ITR-4S can be used by small businesses and individuals with certain income. ITR-5 is for firms, AOPs, and BOIs. ITR-6 is for companies. ITR-7 is for charitable trusts, political parties, certain institutions, and scientific research universities.

1. Income Tax Return

2. Who can file ITR -1?
 ITR–1 Form is to be used by an Individual having income
from following sources: Income from Salary/ Pension
Income from One House Property (not being brought
forward losses from previous years) Income from Other
Sources (not being income from lottery or race horses)
Moreover, in case any income of spouse, minor child, etc.
gets clubbed with the income of the assessee, then ITR–1
can be used only if the clubbed income falls into the
above income source.

3.  Who cannot use the ITR–1 Form? ITR–1 Form should not be
used by an Individual if his total income consists of: •Income
from more than one house property •Income from Winnings from
lottery or income from Race horses •Income ( not exempt from
tax) under Capital Gains •Income exceeding Rs. 5,000 from
agricultural business •Income from Business or Profession
•Income from stock & equity mutual funds •Losses which has to
be carried forward •Person claiming relief of foreign tax paid
under section 90, 90A or 91 •An individual who is a resident
having assets (including financial interest in any entity) located
outside India or signing authority in any account located outside
India.

4.  Who can use? ITR 2 is used by an individual or a
Hindu Undivided Family whose total income
comprises following income:
 1. Income from Salary / Pension.
 2. Income from House Property
 3. Income from Capital Gains
 4. Income from Other Sources (including income
from Winning from Lottery and Race Horses).

5.  Who cannot use the ITR-2? ITR 2 is not used by •An
Individual/ HUFs if his total income includes any
income taxable under the head “Profit or Gain from
Business or Profession. In other words, business or
professional income does not form the part of ITR-2.
•The person already using ITR-1 Form. •A
Partnership Firm having exempt income by way of
shares (& not earning any income by way of interest,
salary, etc.).

6.  ITR-4 Form is used by an Individual or HUF who is
carrying out a proprietary business or profession and
who are not filing Return under Presumptive Taxation
Scheme. The following income can be included in
ITR-4 form: Income from Salary/Pension Income or
Losses from House property Income from Business
Profession Income or Losses from Capital gains
Income or Losses from Other Sources Moreover, every
Partnership firms, Individuals & HUF having their tax
audits mandatorily u/s 44AB is required to file their
ITR-4 Electronically using digital signature.

7.  Who can use the ITR-4S? ITR-4S Form is applicable
on Individuals, HUFs & small business taxpayers
deriving income from :-
1. Business income where Presumptive scheme
under section 44AD & 44AE of the Act is used for
computation of business Income.
2. Salary/Pension.
3. One House Property.
4. Other Sources.

8.  Who cannot use the ITR-4S? ITR-4S is not applicable if income is
derived from •More than one House Property •Winning from
lotteries/horse races •Capital gains not exempt from tax
•Agricultural Business in excess of Rs. 5000 •Speculative Business
•Losses to be carried forward Return in ITR-4S cannot be filed by a
person, who: a) Is a resident Individual or a HUF (other than not
ordinarily resident in India) deriving income as referred to in section
44AD or 44AE, and has: Any asset (including financial interest)
located outside India; Signing authority in any account located
outside India; b) Has claimed any relief of tax under section 90, 90A
or 91; c) Has income exceeding Rs. 5,000 which is not chargeable to
tax. In other words, if assessee claims exemption in respect of any
income under sections 10, 10A, 10AA, etc.

9.  Who can use ITR 5? The form can be used by a person
being a Firm AOPs (Association of persons), BOIs
(Body of individuals) Any other person Who cannot
use ITR 5? The form should not be used by a person
being an Individual HUFs Company And to those
persons to whom ITR-7 is being applicable.

10.  ITR-6 Form: ITR-6 can be used by a company, other
than a company claiming exemption under section
11. ITR-7 Form: ITR 7 Form can be used by persons
including companies who are required to furnish
return under :-
 1. Section 139(4A) : Filing return by
charitable/Religious trust.
 2. Section 139(4B) : Filing return by political party.
 3. Section 139(4C) : Filing return by certain
Institutions.
 4. Section 139(4D) : Filing return by Scientific
Research University

11. THANK YOU!!