ITR-1 (Sahaj)
For Salaried Individuals with Simple Income
Who Can File
- Resident Individual (not NRI or RNOR)
- Salary or Pension Income
- One House Property
- Other sources like interest, family pension
- Agricultural Income up to Rs.5,000
- Total income up to Rs.50 lakhs
Who Cannot File
- Director in a company
- Held unlisted shares
- Foreign income or assets
- Deferred ESOP tax
- Losses carried forward
- Total income > Rs.50 lakhs
ITR-2
For NRIs, Investors, & Partners (No Business Income)
Who Can File
- Individuals or HUFs (Not eligible for ITR-1)
- Income from Salary, Multiple House Properties, Capital Gains
- NRI/Resident with foreign income
- Agricultural income > Rs.5,000
- Partners in Firms/LLPs (no business income)
- Director in a company anytime in the year
Who Cannot File
- Business or professional income holders
ITR-3
For Business Owners, Freelancers, Professionals
Who Can File (Individuals or HUFs with)
- Business income
- Professional income
- Partner in firm/LLP with business income
- Capital Gains, Multiple incomes
- Hold unlisted equity shares anytime in the year
- Must file ITR-3 if not eligible for ITR-1, ITR-2, or ITR-4
- Director in a company anytime in the year
ITR-4 (Sugam)
For Presumptive Taxpayers
Who Can File
- Resident Individuals / HUF / Firm (not LLP)
- Total Income up to Rs.50L
- Presumptive Income: Business (44AD), Profession (44ADA), Transport (44AE)
- Income from Salary + 1 House Property + Other sources
- LTCG u/s 112A up to Rs.1.25L
Who Cannot File
- Directors
- Foreign income/assets
- Unlisted shares
- Carried forward losses
- Income > Rs.50L
- Capital Gains (STCG or LTCG > Rs.1.25L)
ITR-5
For LLPs, Firms, AOPs, Societies, Trusts
Who Can File
- LLPs, Firms, AOPs, BOIs
- Cooperative Societies, Registered Societies
- Estates (Deceased/Insolvent), Business Trusts
- Trusts not claiming exemption under Sec 139(4A/B/D)
Who Cannot File
- Individuals or HUFs
- Trusts filing u/s 139(4A), (4B), or (4D)
ITR-6
For Companies Only
For companies except those claiming exemption u/s 11. All companies registered under the Companies Act are required to file ITR-6, unless they are claiming exemption under Section 11 (income from property held for charitable or religious purposes).
Key Don'ts (Cross-Check Before Filing!)
Carried forward losses? Avoid ITR-1/4
ESOPs or unlisted shares? Avoid ITR-1/4
Foreign income/assets? Use ITR-2 or 3
Director/Partner? Avoid ITR-1/4
Switching tax regimes? File Form 10-IEA for ITR-3/4