Which ITR form is applicable to whom? Here is your all doubts will be clear.

Hello Friends,

Today's topic is who is eligible for which ITR form. There are various ITR form for the different person. For understand the eligibility, you must know the definition of person as per the Income Tax Act, 1961.

Definition of Person

Person includes :

• an Individual;
• a Hindu Undivided Family (HUF) ;
• a Company;
• a Firm
• an association of persons or a body of individuals, whether incorporated or not;
• a local authority; and
• every artificial juridical person not falling within any of the preceding sub-clauses.
• Association of Persons or Body of Individuals or a Local authority or Artificial Juridical Persons shall be deemed to be a person whether or not, such persons are formed or established or incorporated with the object of deriving profits or gains or income.

Now we come to know the next step to find the eligibility of the person for filling which ITR form

All individuals having taxable income or those who satisfy other prescribed conditions are required to file annual income tax return (ITR) within the specified due date. For the financial year (F.Y.) 2019-20, the specified due date for individuals (as extended by the Central Board of Direct Taxes) is November 30, 2020 for filing tax returns.

Filing an ITR for F.Y. 2019-20 is mandatory if:

• The individual's taxable income exceeds the maximum amount not chargeable to tax. The basic exemption limit for FY 2019-20 is Rs 3 lakh for senior citizens (aged 60 years or more but less than 80 years), Rs 5 lakh for super senior citizens (aged 80 years or more), and Rs 2.5 lakh for others;
• The individual needs to claim an income tax refund;
• The individual qualifies as an ordinarily resident during FY 2019-20 and holds foreign assets which need to be specifically re
• reported in the ITR. These assets include foreign bank accounts, foreign properties, financial assets, signing authority, etc.;
• The individual has undertaken specific transactions viz (a) payment of electricity bill in excess of Rs 1 lakh during the FY (b) deposited more than Rs 1 crore in one or more current accounts during the FY or (c) spent more than Rs 2 lakh on overseas travel for self or any other person during the FY.

Other than these mandatory reasons, it is a good practice to file ITR since tax return documentation is required for visa applications, availing bank loans etc.

Every year, the Central Board of Direct Taxes (CBDT) notifies the ITR forms for the previous completed financial year. For FY 2019-20, the updated ITR forms were notified vide Notification 31/ 2020 dated May 29, 2020 and Notification 01/2020 dated January 3, 2020 (subsequently overridden by Notification 31/2020).

The details of these ITR forms including who should use them are summarised as under:

ITR Form 1

• Individuals qualifying as Ordinarily Resident;
• Having a total income of up to Rs 50 lakh;
• Having income from following sources – salaries, one house property, income from other sources including agricultural income up to Rs 5,000;
• This form also applies to similar income of a different person say spouse or child, clubbed in the hands of the taxpayer.

ITR Form 2

• Non-residents / Resident but Not Ordinarily Residents and Ordinarily Residents;
• Hindu Undivided Family (‘HUF’);
• Having a total income of more than Rs 50 lakh;
• Director in a company;
• unlisted equity shares;
• Holding investments in unlisted equity shares;
• Having income from following sources – salaries, more than one house property, capital gains and income from other sources;
• Having income from sources outside India and holding assets outside India

ITR Form 3

• Individuals / HUF having business income / income from profession;
• Includes partner of a Firm

ITR form 4

• Resident Individuals / HUF / Firm (other than LLP) having business or professional income computed on ‘presumptive basis

ITR form 5

• Any person other than individual, HUF or company filing an ITR 7 (eg. LLP)

ITR form 6

• All companies, unless specifically excluded

ITR form 7

• Persons including companies which are a charitable or religious trust, political party, scientific research association, news agency, hospital, trade union, university, college or other institutions such as an NGO or similar organizations.

Penalty for not filing ITR on time

• If the ITR is not filed within the due date, i.e., November 30, 2020, there is an automatic levy of a penalty ranging from Rs 1,000 up to Rs 10,000 which needs to be remitted before the ITR can be filed. This fee or penalty has to be paid in case of belated ITRs even if the tax liability is nil.

Other extended deadlines

• The government has extended several timelines for tax compliances that fell due in the first quarter of 2020, including allowing taxpayers to make tax-saving investments/ payments for FY 2019-20 up to 31 July 2020, and extending deadline for issuing Form 16 and Form 16A to August 15, 2020. Given the extension of due date of filing ITR to 30 November 2020, taxpayers have sufficient time to file their ITR comfortably.
• However, one needs to carefully ascertain the appropriate ITR form for filing, keeping in mind not only the details of income, but also the various disclosure requirements prescribed from time to time.

And at last we will see the other forms which are applicable to the person  (with descriptions, applicability and availability on online or offline) as per the Income Tax Act, 1961 as follows: 

S.No.	Form	Description	Applicability	Online	Offline
1	Form 3AC	Audit report under section 33AB(2)	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
2	Form 3AD	Audit Report under section 33ABA(2)	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
3	Form 3AE	Audit report under section 35D(4)/35E(6) of the Income-tax Act, 1961	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
4	Form 3CA-3CD	Audit report under section 44AB of the Income-tax Act,1961 in a case where the accounts of the business or profession of a person have been audited under any other law	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	NO	YES
5	Form 3CB-3CD	Audit report under section 44AB of the Income-tax Act,1961, in the case of a person referred to in clause (b) of sub-rule (1) of rule 6G	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	NO	YES
6	Form 3CE	Audit Report under sub-section (2) of section 44DA of the Income-tax Act, 1961	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
7	Form 3CEA	Report of an accountant to be furnished by an assessee under sub-section (3) of section 50B of the Income-tax Act, 1961 relating to computation of capital gains in case of slump sale	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
8	Form 3CEAA	Report to be furnished under sub-section (4) of section 92D of the Income-tax Act, 1961	Company,AOP/BOI/Trust/Firm/AJP/LA	NO	YES
9	Form 3CEAB	Intimation by a designated constituent entity, resident in India, of an international group, for the purposes of sub-section (4) of section 92D of the Income-tax Act, 1961	Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
10	Form 3CEAC	Intimation by a constituent entity, resident in India, of an international group, the parent entity of which is not resident in India, for the purposes of sub-section (1) of section 286 of the Income-tax Act, 1961	Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
11	Form 3CEAD	Report by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, for the purposes of sub-section (2) or sub-section (4) of section 286 of the Income-tax Act, 1961	Company,AOP/BOI/Trust/Firm/AJP/LA	NO	YES
12	Form 3CEAE	Intimation on behalf of the international group for the purposes of the proviso to sub-section (4) of section 286 of the Income-tax Act, 1961	Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
13	Form 3CEB	Report from an accountant to be furnished under section 92E relating to international transaction(s) and specified domestic transaction(s)	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	NO	YES
14	Form 3CEJ (Ceased to be effective from AY 2019-20 )	Report from an accountant to be furnished for purposes of section 9A relating to arm’s length price in respect of the remuneration paid by an eligible investment fund to the fund manager	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
15	Form 3CEK	Annual Statement under section 9A of the Income-tax Act, 1961	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
16	Form 3CF-I	Application Form for approval under clause (ii) or clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 in the case of a research association	Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
17	Form 3CF-II	Application Form for approval under clause (ii) or clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 in the case of a University, College or other Institution	Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
18	Form 3CF-III	Application Form for approval under clause (iia) of sub section (1) of section 35 of Income Tax Act , 1961 in the case of company	Company,AOP/BOI/Trust	YES	NO
19	Form 3CFA	Form for Opting for taxation of income by way of royalty in respect of Patent	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
20	Form 3CL	Report to be submitted by the prescribed authority to the Income-tax Authority specified under section 35(2AB) of the Income-tax Act, 1961	External Agency	YES	NO
21	Form 3CLA	Report from an accountant to be furnished under sub-section (2AB) of section 35 of the Act relating to in-house scientific research and development facility	Company	YES	NO
22	Form 6B	Audit report under section 142(2A) of the Income-tax Act, 1961	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	NO	YES
23	Form 8	Declaration under section 158A(1) of the Income-tax Act, 1961 to be made by an assessee claiming that identical question of law is pending before the High Court or the Supreme Court	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
24	Form 9	Application for grant of approval or continuance thereof to a fund under section 10(23AAA) of the Income-tax Act, 1961	Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
25	Form 9A	Application for exercise of option under clause (2) of the Explanation to sub-section (1) of section 11 of the Income-tax Act, 1961.	Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
26	Form 10	Statement to be furnished to the Assessing Officer/Prescribed Authority under sub-section (2) of section 11 of the Incomer-tax Act, 1961	Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
27	Form 10A	Application for registration of charitable or religious trust or institution under clause (aa) of sub-section (1) of section 12A of the Income-tax Act, 1961	Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
28	Form 10B	Audit report under section 12A(b) of the Income-tax Act, 1961, in the case of charitable or religious trusts or institutions	Company,AOP/BOI/Trust/Firm/AJP/LA	NO	YES
29	Form 10BA	Declaration to be filed by the assessee claiming deduction under section 80GG	Individual	YES	NO
30	Form 10BB	Audit report under section 10(23C) of the Income-tax Act, 1961, in the case of any fund or trust or institution or any university or other educational institution or any hospital or other medical institution referred to in sub-clause (iv) or sub- clause (v) or sub-clause (vi) or sub-clause (via) of section 10(23C).	Company,AOP/BOI/Trust/Firm/AJP/LA	NO	YES
31	Form 10CCB	Audit report under sections 80-I(7)/80-IA(7)/80-IB/80-IC	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
32	Form 10CCBBA	Audit report under section 80-ID(3)(iv)	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
33	Form 10CCBC	Audit report under section 80-IB(11B)	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
34	Form 10CCBD	Report of accountant under section 80-IB(11C)	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
35	Form 10CCC	Certificate under sub-rule (3) of rule 18BBE of the Income-tax Rules, 1962	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
36	Form 10CCD	Certificate under sub-section (3) of section 80QQB for Authors of certain books in receipt of Royalty income, etc.	Individual	YES	NO
37	Form 10CCE	Certificate under sub-section (2) of section 80RRB for Patentees in receipt of royalty income, etc.	Individual	YES	NO
38	Form 10CCF	Report under section 80LA(3) of the Income-tax Act, 1961	Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
39	Form 10DA	Report under section 80JJAA of the Income-tax Act, 1961	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
40	Form 10E	Form for furnishing particulars of income u/s 192(2A) for the year ending 31st March, 20..... for claiming relief u/s 89(1) by a Government servant/an employee in a company, co-operative society, local authority, university, institution, association/body	Individual	YES	NO
41	Form 10G	Application for grant of approval to fund or institution under clause (vi) of sub-section (5) of section 80G of the Income-tax Act, 1961	Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
42	Form 10H	Certificate of foreign inward remittance	Individual	YES	NO
43	Form 10-IB	Application for exercise of option under sub-section (4) of section 115BA of the Income - tax Act,1961	Company/Firm	YES	NO
44	Form 10-IC	Application for exercise of option under sub-section (5) of section 115BAA of the Income - tax Act, 1961	Company	YES	NO
45	Form 10-ID	Application for exercise of option under sub-section (7) of section 115BAB of the Income-tax Act, 1961	Company	YES	NO
46	Form 15CA	Information to be furnished for payments to a non-resident not being a company, or to a foreign company	Individual, HUF, Company, AOP/BOI/Trust/Firm/AJP/LA, Tax Deductor & Collector	YES	YES
47	Form 15CB	Certificate of an accountant	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	NO	YES
48	Form 15CC	Quarterly statement to be furnished by an authorised dealer in respect of remittances made for the quarter of ..... of ..... (Financial Year)	Individual, HUF, Company, AOP/BOI/Trust/Firm/AJP/LA,Tax Deductor & Collector	NO	YES
49	Form 15G (Consolidated)	Statement of Declaration under section 197A (1) and section 197A (1A) by an individual or a person (not being a company or firm) claiming certain incomes without deduction of tax.	Tax Deductor & Collector	NO	YES
50	Form 15H (Consolidated)	Statement of Declaration under section 197A(1C) by an individual who is of the age of sixty years or more claiming certain incomes without deduction of tax.	Tax Deductor & Collector	NO	YES
51	Form 24Q	Quarterly statement of deduction of tax under sub-section (3) of section 200 of the Income-tax Act, 1961 in respect of salary for the quarter ended...(June/September/December/March) ...(Financial year)	Tax Deductor & Collector	NO	YES
52	Form 26A	Furnishing Accountant certificate under the first proviso to sub-section(1) of section 201 of the Income Tax Act, 1961	Tax Deductor & Collector	YES	NO
53	Form 26Q	Quarterly statement of deduction of tax under sub-section (3) of section 200 of the Income-tax Act, 1961 in respect of payments other than salary for the quarter ended...(June/September/December/March) ...(Financial year)	Tax Deductor & Collector	NO	YES
54	Form 27BA	Furnishing Accountant certificate under the first proviso to sub-section(6A) of section 206C of the Income Tax Act, 1961	Tax Deductor & Collector	YES	NO
55	Form 27EQ	Quarterly statement of collection of tax at Source under section 206C of Income-tax Act, 1961 for the quarter ended... June/September/December/March ...(Financial year)	Tax Deductor & Collector	NO	YES
56	Form 27Q	Quarterly statement of deduction of tax under sub-section (3) of section 200 of Income-tax Act, 1961 in respect of payments other than Salary made to non-residents for the quarter ended.... June/September/December/March ...(Financial year)	Tax Deductor & Collector	NO	YES
57	Form 29B	Report under Section 115JB of the Income-tax Act, 1961 for computing the book profits of the company	Company	YES	YES
58	Form 29C	Report under section 115JC of the Income-tax Act, 1961 for computing Adjusted Total Income and Alternate Minimum Tax of the person other than a company	Individual, HUF,AOP/BOI/Trust/Firm/AJP/LA	YES	YES
59	Form 35	Appeal to the Commissioner of Income-tax (Appeals)	Individual, HUF, Company, AOP/BOI/Trust/Firm/AJP/LA,Tax Deductor & Collector	YES	NO
60	Form 40C	Application for recognition of a recognisied provident funds	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
61	Form 41	Form for maintaining accounts of subscribers to a recognised provident fund	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
62	Form 49C	Annual Statement under section 285 of the Income-tax Act,1961	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
63	Form 49D	Information and documents to be furnished by an Indian concern under section 285A	Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
64	Form 52A	Statement to be furnished to the Assessing Officer under section 285B of the Income-tax Act, 1961, in respect of production of a cinematograph film	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
65	Form 56	Application for grant of the exemption under sub-clauses (iv), (v), (vi) and (via) of clause (23C) of section 10 of the Income-tax Act, 1961	Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
66	Form 56F	Report under section 10A of the Income-tax Act, 1961	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
67	Form 56FF	Particulars to be furnished under clause (b) of sub-section (1B) of section 10A of the Income-tax Act, 1961	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
68	Form 62	Certificate from the principal officer of the amalgamated company and duly verified by an accountant regarding achievement of the prescribed level of production and continuance of such level of production in subsequent years.	Company	YES	NO
69	Form 63	Statement to be furnished to the Assessing Officer designated under rule 12B of the Income-tax Rules, 1962, in respect of income distributed by the Unit Trust of India	Company	YES	NO
70	Form 63A	Statement to be furnished to the Assessing Officer designated under rule 12B of the Income-tax Rules, 1962, in respect of income distributed by a Mutual Fund	Company	YES	NO
71	Form 64	Statement of income paid or credited by Venture Capital Company or Venture Capital Fund to be furnished under section 115U of the Income-tax Act, 1961.	Company,AOP/BOI/Trust/Firm/AJP/LA	YES	YES
72	Form 64A	Statement of income distributed by a Business Trust to be furnished under section 115UA of the Income-tax Act, 1961.	Company,AOP/BOI/Trust/Firm/AJP/LA	NO	YES
73	Form 64D	Statement of income paid or credited by investment fund to be furnished under section 115UB of the Income-tax Act, 1961.	Company,AOP/BOI/Trust/Firm/AJP/LA	NO	YES
74	Form 64E	Statement of income paid or credited by a securitisation trust to be furnished under section 115TCA of the Incometax Act, 1961	Company,AOP/BOI/Trust/Firm/AJP/LA	NO	YES
75	Form 65	Application for exercising/renewing option for the tonnage tax scheme under sub-section (1) of section 115VP or sub-section (1) of section 115VR of the Income-tax Act, 1961	Company	YES	NO
76	Form 66	Audit Report under clause (ii) of section 115VW of the Income-tax Act, 1961	Company	YES	NO
77	Form 67	Statement of income from a country or specified territory outside India and Foreign Tax Credit	Individual, HUF, Company,AOP/BOI/Trust/Firm/AJP/LA	YES	NO
78	RGESS	Annual Report to be submitted by the depository to the Income Tax Department	External Agency	NO	YES

Disclaimer: Sources are the incometaxindiaefiling.gov.in and economics times.