Income tax department has issued income tax return forms for the assessment year 2011-12 or the financial year 2012-13. There is always a change in the return forms for all the assessment year and these forms are required to file the income tax returns. Income tax department has changed the ITR-1 Form as in the form of SAHAJ which was earlier the SARAL. Income tax department has tried the best to launch the form as short as well as full of information.
As u know different forms are needed for the different kind of assessee like salaried person need different forms where as businessman need different forms for filing income tax return.
ITR-1:- income tax return form 1 is needed to the assessee who has the income from salary, income from pension, income from house property and income from other sources. But in the ITR-1 income from house property doesn’t include where there is a loss forward to the next year and if there is an income from horse race in the income from other source head.
ITR-2:- ITR-2 is also for the salaried person, pension as well as income from other sources and house property. It includes all the income like income from horse race or loss forward of the house property. Download ITR2 for financial year 2011-12
ITR-3:- ITR 3 is for the assessee, may be individual or H.U.F. who engage in the business or profession of partnership. All the partnership business or professionals need to file there income tax return in the income tax return form 3.Download ITR3 for financial year 2011-12
ITR-4:- income tax return form 4 is for the assessee either individual or H.U.F. who are engaged in the business of proprietorship. It includes income from business as well as income from profession. Like if A is engaged in the business of cloth of its own or B is the doctor running a clinic, both needs to file their income tax return in ITR-4.Download ITR4 for financial year 2011-12
ITR-5:- income tax return form 5 is for the firms, BOI, AOP and artificial jurisdiction person. All the return of firms needs to be file in the income tax return form ITR-5. Download ITR5 for financial year 2011-12
ITR-6:- Companies which have the tax exemption under section 11 of income tax act need to file the income tax return in the income tax form number ITR-6.
ITR-7:- Assessee including individual as well as companies under section 139 need to file there income tax return in ITR-7.
SUGAM ITR-4S:- The new income tax form is launched by the incomer tax department for the businessman as well as professionals having business in proprietorship business. It is named SUGAM which is a Hindi word means easy
However income tax department only issued ITR-2. 3.,4,5 for the financial year 2011-12 and other forms are awaiting. You will be updated as soon as these forms are also available for download.
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