Which ITR form can be filed by Individuals and HUF?

Which ITR form can be filed by Individuals and HUF?

Photos: Pixabay

Photos: Pixabay

There are several ITR forms. Taxpayers are often confused about which form to file. Let’s find out.

There are several ITR forms. Taxpayers are often confused about which form to file. Let’s find out.

ITR-1: For individuals being a resident with income less than Rs 50 lakh, one house property, Agricultural income less than Rs 5000.

ITR-1: For individuals being a resident with income less than Rs 50 lakh, one house property, Agricultural income less than Rs 5000.

ITR-2: Individuals and HUFs not having income from business/profession.

ITR-2: Individuals and HUFs not having income from business/profession.

ITR-3: Individuals and HUFs having income from business/profession.

ITR-3: Individuals and HUFs having income from business/profession.

ITR-4: Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE.

ITR-4: Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE.

The due date to file ITR for AY 2023-24 is July 31.

The due date to file ITR for AY 2023-24 is July 31.

It is recommended to file your returns as early as possible before the due date to avoid last-minute rush.

It is recommended to file your returns as early as possible before the due date to avoid last-minute rush.