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New though simplified things seems a bit confusing at the beginning. If the case relates to ITR Forms then people tends to get confused as so many ITR Forms are available for AY 2015-16 with so many conditions. Income Tax Return filing – Choose your Tax Return Form for AY 2015-16 . 
For instance, if you are Individual and have one house property then you have to file ITR 1. But if you are Individual/HUF and have more than one house property then you have to choose between ITR 2 and ITR 2A. The process of choosing is not as simple as the word seems. We have to go through all the criteria for this. For ITR 2A you should not have PGBP income and also capital gain. If you have Capital Gains then go for ITR 2. Got confused? Actually it is a bit confusing. Must be thinking that you heard forms are getting simplified but is this really simplification? No doubt ITR Forms has got simplified but the process to know which ITR Forms suits your criteria might lead to confusion. The general question asked is which ITR should I file? …. Know with Taxmantra. As usual, not to worry when taxmantra is there to provide you hassle free services. We are here to simplify things for you and will help to make you understand that which ITR shall be chosen as per you income details. ITRs are many… Choose yours with Taxmantra Find below criteria to be fulfilled for each ITR in most simplified and easy to understand: ITR 1 (Only Individual) 1. Salary 2. Only one House Property and No B/F losses under the head 3. Other Sources – No B/F losses Exception:-Ordinary Resident & (1) Asset located o/s India; or (2) Relief/Deduction u/s90, 90A and/or 91; or (3) Agricultural Income (Substituted for has any income not chargeable to tax), exceeding Rs. 5000/- ITR-2-(Individual/HUF) 1. Salary 2. More than one House Property or B/F Losses under the head 3. Capital Gains 4. Other Sources-B/F Losses Exception:- No PGBP Income ITR – 2A (New Form) -(Individual/HUF) 1. Salary 2. More than one House Property or B/F Losses under the head 3. Other Sources – B/F Losses Exception:-No PGBP Income No Capital Gains Exception:- Ordinary Resident & (1) Asset located o/s India; or (2) Relief/Deduction u/s 90,90A and/or 91. ITR-3-[Individual/HUF (who is partner in firm)] 1. PGBP income includes only Interest/Salary/Bonus/Commission remuneration from partnership firm in which the Individual or HUF is a partner. 2. Salary 3. More than one house property or B/F Losses under the head 4. Capital Gains. ITR -4S (SUGAM)- (Individual/HUF) 1. PGBP:-Presumptive income u/s 44AD or 44AE 2. Salary 3. More than one House Property –B/F Losses 4. Other Sources – B/F Losses 5. Capital Gains Exceptions:- Ordinary Resident & (1) Asset located o/s India; or (2) Relief/Deduction u/s. 90,90A and/or 91;or (3) Agricultural Income (Substituted for has any income not chargeable to tax), exceeding Rs. 5000/- ITR -4-(Individual/HUF) 1. Proprietary PGBP 2. Salary 3. More than one HP- B/F Losses 4. Other Sources – B/F Losses 5. Capital Gains. ITR – 5-(Firm/AOP/BOI/Local Authority/ Artificial Juridical Person) Any Income ITR -6-[Company (Except Section 25 companies)] Any Income ITR -7-(Trust/Political Party/Section 10 Exempt Institutions/Section 35 college/institutions) Any Income For hassle free ITR Filing and related service visit: http://taxmantra.com/online-tax-return/ Income Tax Return filing – Choose your Tax Return Form for AY 2015-16 . Correct form is critical for your ITR filing.
Income Tax Return filing – Choose your Tax Return Form for AY 2015-16
News & FAQs | By ALOK PATNIA | Last updated on Oct 5, 2017
New though simplified things seems a bit confusing at the beginning. If the case relates to ITR Forms then people tends to get confused as so many ITR Forms are available for AY 2015-16 with so many conditions. Income Tax Return filing – Choose your Tax Return Form for AY 2015-16 . For instance, if you are Individual and have one house property then you have to file ITR 1. But if you are Individual/HUF and have more than one house property then you have to choose between ITR 2 and ITR 2A. The process of choosing is not as simple as the word seems. We have to go through all the criteria for this. For ITR 2A you should not have PGBP income and also capital gain. If you have Capital Gains then go for ITR 2. Got confused? Actually it is a bit confusing. Must be thinking that you heard forms are getting simplified but is this really simplification? No doubt ITR Forms has got simplified but the process to know which ITR Forms suits your criteria might lead to confusion. The general question asked is which ITR should I file? …. Know with Taxmantra. As usual, not to worry when taxmantra is there to provide you hassle free services. We are here to simplify things for you and will help to make you understand that which ITR shall be chosen as per you income details. ITRs are many… Choose yours with Taxmantra Find below criteria to be fulfilled for each ITR in most simplified and easy to understand: ITR 1 (Only Individual) 1. Salary 2. Only one House Property and No B/F losses under the head 3. Other Sources – No B/F losses Exception:-Ordinary Resident & (1) Asset located o/s India; or (2) Relief/Deduction u/s90, 90A and/or 91; or (3) Agricultural Income (Substituted for has any income not chargeable to tax), exceeding Rs. 5000/- ITR-2-(Individual/HUF) 1. Salary 2. More than one House Property or B/F Losses under the head 3. Capital Gains 4. Other Sources-B/F Losses Exception:- No PGBP Income ITR – 2A (New Form) -(Individual/HUF) 1. Salary 2. More than one House Property or B/F Losses under the head 3. Other Sources – B/F Losses Exception:-No PGBP Income No Capital Gains Exception:- Ordinary Resident & (1) Asset located o/s India; or (2) Relief/Deduction u/s 90,90A and/or 91. ITR-3-[Individual/HUF (who is partner in firm)] 1. PGBP income includes only Interest/Salary/Bonus/Commission remuneration from partnership firm in which the Individual or HUF is a partner. 2. Salary 3. More than one house property or B/F Losses under the head 4. Capital Gains. ITR -4S (SUGAM)- (Individual/HUF) 1. PGBP:-Presumptive income u/s 44AD or 44AE 2. Salary 3. More than one House Property –B/F Losses 4. Other Sources – B/F Losses 5. Capital Gains Exceptions:- Ordinary Resident & (1) Asset located o/s India; or (2) Relief/Deduction u/s. 90,90A and/or 91;or (3) Agricultural Income (Substituted for has any income not chargeable to tax), exceeding Rs. 5000/- ITR -4-(Individual/HUF) 1. Proprietary PGBP 2. Salary 3. More than one HP- B/F Losses 4. Other Sources – B/F Losses 5. Capital Gains. ITR – 5-(Firm/AOP/BOI/Local Authority/ Artificial Juridical Person) Any Income ITR -6-[Company (Except Section 25 companies)] Any Income ITR -7-(Trust/Political Party/Section 10 Exempt Institutions/Section 35 college/institutions) Any Income For hassle free ITR Filing and related service visit: http://taxmantra.com/online-tax-return/ Income Tax Return filing – Choose your Tax Return Form for AY 2015-16 . Correct form is critical for your ITR filing.