- It is also called Return of Income
- It contains details of how income tax is Computed
- It is given in special form prescribed by the government for the purpose.
- Different ITR forms are prescribed for different types of Income
Note: - First tax should be paid by Challan and only then then ITR should be filed mentioning how the tax is computed
Different ITR Forms List
ITR forms for for INDIA
ITR 1 if salary or int or one house property( if income upto 50 lac)
ITR 2 if any other income except business
ITR 3 itr for business whose audit done by CA
ITR 4 itr for small business (non audit)
List of all ITR Forms for Financial Year 2016-17 (AY 2017-18)
Form |
Used for |
ITR 1 |
Small Salaried or Interest or One House Property upto 50 lacs |
ITR 2 |
2 House Property or Capital Gain or Salary >50 lacs |
ITR 3 |
Large Proprietorship (Audit Case) |
ITR 4 |
Small Business Proprietorship/Partnership/Small Professionals |
ITR 5 |
Large Partnership (Audit Case) |
ITR 6 |
Companies (Private Limited) |
ITR 7 |
NGO/Trust/Temple/Hospital |