Get ready to dive into the exciting world of ITR filing forms in India! It’s a vast universe filled with variety, catering to different types of taxpayers, each with their own set of rules and requirements. Understanding these forms can be quite an adventure!

Let’s start with the ITR-1 or Sahaj form! This beauty is for Indian residents whose total income does not exceed Rs 50 lakh. It covers income from salaries, one house property, other sources (interest etc.), and agricultural income up to Rs 5,000. Next up is the ITR-2 form, designed for those who are not eligible to use ITR-1. It applies to individuals and HUFs who don’t have income from profits and gains of business or profession.

Now, let’s move on to the ITR-3 form, which is used by individuals and HUFs having income from a proprietary business or profession. The ITR-4 Sugam form is another gem that is meant for presumptive income from business & profession. Moving forward, we have the ITR-5 form which is used by firms, LLPs, AOPs (Association of persons) and BOIs (Body of Individuals), Artificial Juridical Person (AJP), Estate of deceased, Estate of insolvent, Business trust and investment fund.

For those who are not eligible to use ITR-1, or ITR-2 or ITR-3, there is the versatile ITR-6 form. This is used by companies other than those claiming exemption under section 11 (Income from property held for charitable or religious purposes). Finally, there’s the ITR-7 form for persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) or section 139(4E) or section 139(4F).

So there you have it, folks! A thrilling insight into the different types of ITR filing forms in India! From ITR-1 to ITR-7, each form has its own unique character and requirements, ready to cater to a diverse range of taxpayers. Happy filing!

Individuals / Salaried:

• Form 16 (Taxpayers having salary income)
• Bank Statements
• Details of Investments (Optional)
• Details of Insurance & Loans (Optional)
• PAN Copy (Optional)
• Aadhaar Copy (Optional)

Private limited:

• Directors pan and aadhaar card
• Company pan card
• Profit and loss statement
• Balance sheet
• All bank statements
• Investment proofs
• Others

LLP Company:

• LLP pan, address details, date of registration proofs
• Partner pan, aadhaar and address details
• Profit and loss statement
• Balance sheet
• Bank statements