Amit Kumar Singh and Co

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Tag Freelancer Tax

Income Tax

🧾 Which ITR Form to File? | Complete Guide from ITR-1 to ITR-7

When it comes to filing your income tax return in India, selecting the correct ITR form is just as important as filing on time. Filing the wrong form may lead to rejection of your return or even notices from the Income Tax Department.

Filing the correct Income Tax Return (ITR) form is essential to avoid rejections and penalties. Here’s a quick summary of all ITR forms:
✅ ITR-1 (Sahaj)
For salaried individuals with income up to ₹50L (only 1 house property, no business/capital gains).
✅ ITR-2
For individuals/HUFs with salary, capital gains, more than one house property, or foreign income.
✅ ITR-3
For individuals/HUFs having business/professional income (like freelancers or consultants).
✅ ITR-4 (Sugam)
For small businesses or professionals under presumptive taxation (Section 44AD, 44ADA, 44AE).
✅ ITR-5
For Partnership Firms, LLPs, AOPs, BOIs (not for individuals).
✅ ITR-6
For companies (except those claiming exemption under charitable purposes).
✅ ITR-7
For trusts, political parties, institutions filing under Sections 139(4A) to 139(4D).