ITR 1, ITR 2, ITR 2A and ITR 4S–Which is Applicable to You ?

ITR 1, ITR 2, ITR 2A and ITR 4S–Which is Applicable to You ?

ITR 1 (SAHAJ)

# Individuals having income from salary are eligible to fill this form.

# If income arises from more than 1 house property, you are not eligible to use this form.

# This form can also be used if income arises out of interest.

ITR 2

# For individuals and HUFs not having income from business or profession.

# This form is eligible for those earning Income through salary or pension.

# Those having income through house property can also use this form.

# Individuals earning through both short and long term capital gains can avail this form.

# Earnings through other sources such as lottery, bets on Racehorses and other Legal methods of Gambling.

ITR 2A

# For individuals and HUFs not having income from business or profession.

# Eligible for those not having income through capital gains.

# Those who do not hold foreign assets are also not eligible to avail this form.

ITR 4S (SUGAM)

# For individuals/HUFs having income from presumptive business.

# Any business income computed in accordance with special provisions as referred to in Section 44AD and 44AE of IT Act.

# Earned income through salary and/or pension.

# Earnings through other sources such as lottery, bets on Racehorses and other Legal methods of Gambling.

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