While Filing the Income Tax Return, person get confused which ITR (Income Tax Return) Form is applicable to him/her. To avoid this confusion Income Tax Department has made the rules which are based on the source of income .i.e. Source of Income will decide which ITR is applicable to you. For Salaried person having income from salary and only other source of Income is interest income than ITR 1 is applicable to him. Income Tax department has prescribed the ITR 1, ITR 2, ITR 3, ITR 4, ITR 4S, ITR 5, ITR 6 and ITR 7 for different assesses
ITR SELECTION CHART BASED ON SOURCE OF INCOME FOR INDIVIDUAL & HUF
| S. No. | Sources/Details of Income | Individual | Individual, HUF | |||
ITR-1 | ITR-2 | ITR-3 | ITR-4 | ITR-4S | ||
| 1 | Income from Salary/Pension | Yes | Yes | Yes | Yes | No |
| 2 | Income from Other Sources (only Interest Income or Family Pension) | Yes | Yes | Yes | Yes | No |
| 3 | Income/Loss from Other Sources | No | Yes | Yes | Yes | No |
| 4 | Income/Loss from House Property | No | Yes | Yes | Yes | No |
| 5 | Capital Gains/Loss on sale of investments/property | No | Yes | Yes | Yes | No |
| 6 | Partner in a Partnership Firm | No | No | Yes | Yes | No |
| 7 | Income from Proprietary Business/Profession | No | No | No | Yes | No |
| 8 | Income from Presumptive Business | No | No | No | No | Yes |
| 9 | Details of Foreign Assets | No | Yes | Yes | Yes | No |
ITR FOR PARTNERSHIP FIRM, COMPANIES & TRUST
| S. No. | Details | ITR Form No. |
| 1 | For Firms, AOPs and BOIs | ITR 5 |
| 2 | For Companies, other than companies claiming exemption under section 11 | ITR 6 |
| 3 | For person required to furnish return under section 139(4A)/ (4B) / (4C)/ (4D) | ITR 7 |