Which ITR (Income Tax Return) need to be filed

Thu Mar 20, 2025

Lorem Ipsum is simply dummy text of the printing and typesetting industry. 
            Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, 
            when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Income Tax Return (ITR) Filing Guide
Income Tax Return (ITR) Filing Guide - FY 2025-26

Who Needs to File Which ITR Form?

ITR Form Applicable Taxpayer Income Sources Covered
ITR-1 (Sahaj) Individuals (Resident & Ordinary Resident) with income up to ₹50 lakh Salary, Pension, One House Property, Other Sources (FD interest, etc.), Agricultural Income (up to ₹5,000)
ITR-2 Individuals & HUFs not carrying business or profession All sources in ITR-1 + Capital Gains, More than one house property, Foreign Income, Agricultural Income above ₹5,000
ITR-3 Individuals & HUFs with income from business/profession All sources in ITR-2 + Business/Professional Income
ITR-4 (Sugam) Individuals, HUFs & Firms (except LLPs) opting for Presumptive Taxation (44AD, 44ADA, 44AE) Business income (up to ₹3 crore if digital transactions), Professional Income (up to ₹75 lakh), Other income sources from ITR-1
ITR-5 Partnership Firms, LLPs, AOPs, BOIs Business or Professional Income, Capital Gains, Rental Income, Other Sources
ITR-6 Companies (except those claiming exemption under Section 11) All types of Income for Companies
ITR-7 Trusts, Political Parties, Research Institutions, NGOs Income from Religious/Charitable Trusts, Political Parties, Research Institutes, Universities, and Educational Institutions

Key Takeaways

  • ITR-1 & ITR-4: Simplified filing for salaried individuals and small businesses opting for presumptive taxation.
  • ITR-2 & ITR-3: Required for individuals with capital gains or business/professional income.
  • ITR-5: Used by partnership firms and LLPs.
  • ITR-6: For corporate taxpayers.
  • ITR-7: For NGOs, trusts, and political parties.

What would you like to learn today?