Which ITR Form is used by Assessee/Taxpayee for filing of Annual Return?

ITR-1 can be used for return filing if the assessee is having income from salary, house property & income from other sources.

ITR-1 cannot be used by if assessee has:

1. Income from more than one house property.
2. Income from Lottery or Race course
3. Taxable Capital Gain
4. Agricultural Income exceeding Rs. 5,000/-
5. Income assessable under the head “Income from Business/ profession”

If individual assessee have income of the nature referred in (a) to (e) above, then

• Return would be required in ITR-2 if there is no income chargeable under the head “Income from Business/ Profession”.
• Return would be required to in ITR-4 or ITR-3 if there is income chargeable under the head “Income from Business/ Profession”.

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