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