A Resident Individual having Income less than Rs 50 Lakh, From

• Salary/Pension
• One House Property
• Other Sources (Excluding winning from lottery and income from Race Horses)

Any individual or a Hindu Undivided Family (HUF)

• All Income from ITR 1, if it is more than Rs 50 Lakh or
• All Income from ITR 1, having
• More than one House Property
• Capital Gains
• Foreign Income / Holding Foreign Assets
• Holding Equity Shares of Private Company
• Holding Directorship in a Company

Any individual or a Hindu Undivided Family (HUF), having Income

• All Income of ITR 2
• Under the head “Business or Profession
• Maintains Full Books of Accounts

Any individual (Being Resident), Hindu Undivided Family (HUF) or Firm

• All Income of ITR 1
• Income from Business / Profession Computed under Presumptive Taxation Scheme

Who can File ITR 5?

• Firms,
• LLPs,
• AOPs / BOIs,
• Artificial Juridical Person Estate of deceased,
• Estate of Insolvent,
• Business Trust and Investment Fund.

Who can File ITR 6?

• For Companies Other Than Companies Claiming Exemption Under Section 11 of the Income Tax Act, 1961

ITR 7 is filed by

• Any person holding property under Trust/Society or for Charitable or Religious Purposes
• Business Trust
• Section 8 Company
• Political Party