Which ITR form? | How to Choose ITR form 2024-25

Which ITR Form is applicable for you? 🤔

🔵 ITR-1 (Sahaj):

This return is applicable for a Resident (other than Not Ordinarily Resident) Individual having Total Income from any of the following sources up to ₹ 50 lakh.

(i) Salary/Pension
(ii) One House Property
(iii) Other sources (Interest, Dividend etc.)
(iv) Exempt Income Max. Upto Rs. 5000
Conditions: The following person cannot file ITR-1:

(a) Director in a company
(b) Holding unlisted shares
(c) Having any asset outside India or signing authority
(d) His TDS deducted u/s 194N
(e) Who has any B/F loss or C/F Loss
(f) Whose total income exceeding Rs. 50 lakhs.
🔵 ITR-2:

This return is applicable for Individual and Hindu Undivided Family (HUF) having Income from:

(i) Salary
(ii) Capital Gains
(iii) House Property
(iv) Other Income

Also, who is not eligible for file ITR-1 can proceed with this form.
🔵 ITR-3:

This return is applicable for Individual and Hindu Undivided Family (HUF) having income from any or all of the following heads:

(i) Salary
(ii) Capital Gains
(iii) Business Income
(iv) House Property
(v) Other Income

Who is not eligible for filing ITR-1, ITR-2 or ITR-4 can proceed with ITR-3
🔵 ITR-4:

This return is applicable for an Resident Individual or HUF or Firm (other than LLP) having Total Income up to ₹ 50 lakh and having Presumptive Business Income along with income from any of the following sources:

(i) Salary/Pension
(ii) One House Property
(iii) Other sources (Interest, Dividend etc.)
(iv) Exempt Income Max. Upto Rs. 5000
Conditions: Same Conditions as mentioned for ITR-1
🔵 ITR-5:

This form can be used by a Person being a:

- Firm/LLP
- AOP/BOI
- Artificial Juridical Person,
- Local Authority, ETC.
🔵 ITR-6:

Exclusive ITR Form Applicable for Companies other than those claiming exemption u/s 11.
🔵 ITR-7:

Applicable for Trust, Political Parties, Electoral Trusts etc.
#taxeffects #ITR #incometax #finance #money #saving Which ITR Form is applicable for you? 🤔

🔵 ITR-1 (Sahaj):

This return is applicable for a Resident (other than Not Ordinarily Resident) Individual having Total Income from any of the following sources up to ₹ 50 lakh.

(i) Salary/Pension
(ii) One House Property
(iii) Other sources (Interest, Dividend etc.)
(iv) Exempt Income Max. Upto Rs. 5000
Conditions: The following person cannot file ITR-1:

(a) Director in a company
(b) Holding unlisted shares
(c) Having any asset outside India or signing authority
(d) His TDS deducted u/s 194N
(e) Who has any B/F loss or C/F Loss
(f) Whose total income exceeding Rs. 50 lakhs.
🔵 ITR-2:

This return is applicable for Individual and Hindu Undivided Family (HUF) having Income from:

(i) Salary
(ii) Capital Gains
(iii) House Property
(iv) Other Income

Also, who is not eligible for file ITR-1 can proceed with this form.
🔵 ITR-3:

This return is applicable for Individual and Hindu Undivided Family (HUF) having income from any or all of the following heads:

(i) Salary
(ii) Capital Gains
(iii) Business Income
(iv) House Property
(v) Other Income

Who is not eligible for filing ITR-1, ITR-2 or ITR-4 can proceed with ITR-3
🔵 ITR-4:

This return is applicable for an Resident Individual or HUF or Firm (other than LLP) having Total Income up to ₹ 50 lakh and having Presumptive Business Income along with income from any of the following sources:

(i) Salary/Pension
(ii) One House Property
(iii) Other sources (Interest, Dividend etc.)
(iv) Exempt Income Max. Upto Rs. 5000
Conditions: Same Conditions as mentioned for ITR-1
🔵 ITR-5:

This form can be used by a Person being a:

- Firm/LLP
- AOP/BOI
- Artificial Juridical Person,
- Local Authority, ETC.
🔵 ITR-6:

Exclusive ITR Form Applicable for Companies other than those claiming exemption u/s 11.
🔵 ITR-7:

Applicable for Trust, Political Parties, Electoral Trusts etc.
#taxeffects #ITR #incometax #finance #money #saving

Which ITR form? Which ITR to file | How to Choose ITR form, ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, ITR 7

Choosing the correct ITR form makes sure proper reporting of income and adherence to tax regulations, facilitating a smoother assessment process by the tax authorities.
Which ITR form । Which ITR to file | How to Choose ITR Form | What is ITR 1 2 3 4 5 6 | ITR Forms

Income tax Return filing is important, also it is very important to select correct ITR form.
. Income Tax return forms
2. how to select ITR Forms
3. how to choose Tax return forms
4. how to file Income Tax return
5. Which ITR form applicable to individual
6. ITR -1 filing
7. ITR - 2 filing
8. ITR -3 filing
9. ITR -4 Filing
10. How to file income tax return
11. which ITR form is applicable to HUF
12. how to select Tax return forms
13. itr kaise file kare
14. ITR 1 TO ITR -7
15. Type of ITR Forms
16. income tax return filing 2023-24
17. itr filing online 2023-24
18. itr 1 filing online 2023-24
19. income tax return

Видео Which ITR form? | How to Choose ITR form 2024-25 канала The Wealth Mantra