📄 ITR‑1 (Sahaj)
- Who can file: Resident individuals (not NRI/Not‑Ordinarily‑Resident), with total income ≤ ₹50 lakh from:
- Salary/Pension
- Income from one house property
- Other sources (like interest)
- Agricultural income ≤ ₹5,000
- New allowance: LTCG from listed equity shares & mutual funds under Section 112A up to ₹1.25 lakh (no brought‑forward/carry‑forward losses) Maharashtra Times+15Bizconsulting+15Taxmann+15
- Excludes: Capital gains beyond ₹1.25 lakh, foreign income/assets, business/professional income, more than one house property, income from lottery/horse-racing, director in a company, ESOPs etc. Bizconsulting
ITR‑2
- Who can file: Resident/Non-resident individuals or HUFs with:
- Income from salary/pension
- More than one house property
- All types of capital gains (unrestricted)
- Foreign income/assets
- Does not include business or professional income
- When used: For capital gains beyond ₹1.25 lakh, multiple properties, foreign assets, etc. Utilities expected to be available after ITR‑1/4 IndiaFilings+9Bizconsulting+9Taxmann+9FinLecture
ITR‑3
- Who can file: Individuals or HUFs with:
- Income from a business or profession (non‑presumptive), including those requiring accounting or audit
- Income from speculative business (intraday, F&O), unlisted shares
- Capital gains of any type
- Salary/pension as well
- Partnership firm income
- Not for: Presumptive business taxpayers (use ITR‑4) Maharashtra Times+15Bizconsulting+15India Today+15
ITR‑4 (Sugam)
- Who can file: Resident individuals, HUFs, and firms (non‑LLP) with:
- Presumptive business income under Sec 44AD/44ADA/44AE
- Income ≤ ₹50 lakh
- Salary, one house property, other sources
- LTCG ≤ ₹1.25 lakh from listed equity/mutual funds (newly allowed) MyPayroll+11Bizconsulting+11The Economic Times+11
- Excludes: Foreign assets/income, unlisted shares, ESOP deferral, more than one property, lottery/horse‑racing, NRI/RNOR, requirement for audit other than presumptive scheme CAclubindia+1India Today+1
ITR‑5
- Who can file: Persons other than individuals, HUFs, companies—e.g., firms, LLPs, AOPs, BOIs, artificial juridical persons
- Purpose: Return for entities like partnerships, co‑ops, AOPs. Requires reporting of business income, capital gains, etc. Maharashtra Times+15angelone.in+15jiraaf.com+15
ITR‑6
- Who can file: Companies (other than those claiming exemption under section 11, i.e., not charitable trusts)
- For company income returns. FinLecture+1Wikipedia+1
ITR‑7
- Who can file: Persons including trusts, political parties, NGOs, institutions exempt under various sections (e.g., Sec 139(4A), 139(4B), 139(4C), 139(4D))
- For exempt entities reporting income and claiming exemption.
✅ Summary Table
| Form | Eligible Taxpayers | Income Sources Allowed | Capital Gains | Notes |
|---|---|---|---|---|
| ITR‑1 | Resident individual, total income ≤ ₹50 lakh | Salary, pension, 1 house, interest, agri ≤₹5k | LTCG ≤₹1.25 lakh | Simple form |
| ITR‑2 | Individual/HUF (res/NR), no business income | Salary/pension, >1 house, any capital gains, foreign assets | Unrestricted | Complex reporting |
| ITR‑3 | Individual/HUF with business income (non‑presumptive) | Business/profession, capital gains, salary, partnership, speculative trading | Any | For audited/professional/business income |
| ITR‑4 | Resident individual/HUF/firms (non‑LLP), income ≤ ₹50 lakh | Presumptive business, salary, one house, interest | LTCG ≤₹1.25 lakh | Simplified presumptive form |
| ITR‑5 | Firms, LLPs, AOPs, BOIs, etc. | Business, capital gains, other sources | Any | Non-individual entities |
| ITR‑6 | Companies (non-exempt) | Company income | Any | All companies except sec‑11 exempt |
| ITR‑7 | Trusts, NGOs, political parties, exempt institutions | Exempt and taxable income | Any | Entities filing for exemption |
📝 Key 2025 Updates
- ITR‑1 & ITR‑4 now allow LTCG up to ₹1.25 lakh under Sec 112A, with no losses carried forward The Economic Times+11Bizconsulting+11eFiletax+11eFiletax+11ClearTax+11Bizconsulting+11Wikipedia+1The Economic Times+1The Economic Times
- Removal of Aadhaar enrollment ID—must provide full Aadhaar Cma Knowledge+2ClearTax+2The Economic Times+2
- New disclosure requirements (TDS sections, LTCG dates, asset reporting for income > ₹1 crore, detailed deduction proof) have been introduced ClearTax
- Utilities for ITR‑1 and ITR‑4 are available since April–June 2025; ITR‑2 & 3 pending release jiraaf.com+15India Today+15Bizconsulting+15
🔍 How to Choose
- Opt for ITR‑1 if you are a resident individual with salary-only income, up to one house, ≤ ₹50 lakh, LTCG ≤ ₹1.25 lakh.
- Choose ITR‑4 if you have presumptive business/professional income and similar criteria.
- Use ITR‑2 if you have multiple properties, capital gains > ₹1.25 lakh, or foreign assets.
- File ITR‑3 for regular business, professional income, speculative gains, partnership income.
- ITR‑5, 6, 7 are for entities: firms/LLPs/AOPs, companies, trusts/NGOs respectively.