- START A BUSINESS
- MANDATORY REGISTRATION
- NEED BASED REGISTRATIONS & LICENSES
- INCOME TAX & GST
- TRADEMARK / PATENT
Income Tax Return Filing
There are seven types of Income Tax returns
This Return Form is to be used by an individual whose total income for the assessment year 2018-19 includes:-
This is to be used by an individual or a Hindu Undivided Family whose total income for the AY 2018-19 includes:-
(Total income from the above should be more than Rs 50 Lakhs)
Further, in a case where the income of another person like one’s spouse, child, etc. is to be clubbed with the income of the assesses, this Return Form can be used where such income falls in any of the above categories.
The Current ITR 3 Form is to be used by an individual or a Hindu Undivided Family who have income from proprietary business or are carrying on the profession. The persons having income from the following sources are eligible to file ITR 3 :
The current ITR4 is applicable to individuals and HUFs having income from a business or profession and who have opted for the presumptive income scheme as per section 44AD, Section 44ADA and Section 44AE of Income Tax Act. However, if the turnover of the business exceeds Rs. 2 cores, the taxpayer will have to file ITR-3.
ITR 5 is for firms, LLPs (Limited Liability Partnership), AOPs (Association of Persons) and BOIs (Body of Individuals)
For Companies other than companies claiming exemption under section 11 (Income from property held for charitable or religious purposes)
This return has to be filed electronically only.
For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D).