There are 7 types of income tax return (ITR) forms meant for different categories of income tax assessees based on factors such as the source and nature of income. Here is a summary of these I-T return forms.
This form is for resident citizens with total annual income of up to Rs 50 lakh. It covers income from salary, one house property, and other sources.
This one is for individuals and HUFs with income from sources other than business or profession, and includes income from salary, house property, capital gains, and other sources.
This form is for individuals with income from business or profession. It includes income from salary, intraday trading, futures and options, house property, capital gains, and other sources.
This one is for individuals, HUFs, and partnership firms under presumptive taxation. It is used for businesses with turnover up to Rs 2 crore (Section 44AD) and professionals with turnover up to Rs 50 lakh (Section 44ADA).
It is for limited liability partnerships, association of persons, body of individuals, and partnership firms.
It is for companies other than those claiming exemption under section 11 (charitable or religious purposes).
This one is for trusts, political parties, institutions, colleges, etc., that are required to file under specific provisions of the Income Tax Act. It includes income from various sources as applicable to the entity type.