Income Tax Form for Assessment Year 2014-2015

Income tax forms for Assessment year 2014-2015 is released by income tax department.

For Assessment year 2014-2015, every person (not being a co.) to e-file (Electronic Income tax Return) the income tax return if its total income exceeds Rs. 5,00,000. While filing the return care should be taken to ensure that you select correct Income tax forms. Please use the comment section at bottom for any query.

Due date for filing Income tax return for non-audit cases for Assessment Year 2014-2015 is 31.07.2014.

 

Form No Usage  Excel PDF File
ITR 1 For Individuals having Salary and Interest Income ITR1 ITR1
ITR 2 For Individuals and HUF’s not having income from Business or Profession ITR2 ITR2
ITR 3 For Individuals and HUF’s who are partners in firm and not having any income from Business or Profession as proprietorship   ITR3
ITR 4 For Individuals and HUF’s having income from Business or Profession   ITR4
ITR 4S For Individuals and HUF’s having income from Presumptive Business ITR4s ITR4S
ITR 5 For Firms, AOPs, BOI, and LLP   ITR5
ITR 6 For companies other than companies claiming expemption under section 11    ITR6
Instruction Instructions to file Return ITR-1,2,3, 4 ,4S and 5   1,2,3,4S,

5

ITR-V Where the data of the Return of Income in Forms Saral-II (ITR-1), ITR-2, ITR-3, ITR-4, ITR-5 & ITR-6 transmitted electronically without digital signature. ITRV
Form No Who can use this Return Form
ITR 1 This Return Form is to be used by an individual whose total income for the assessment year 2014-15 includes:-(a) Income from Salary/ Pension; or
(b) Income from One House Property (excluding cases where loss is brought forward from previous years); or
(c) Income from Other Sources (excluding Winning from Lottery and Income from Race Horses)Who cannot use this Return Form

  • This Return Form cannot be used by any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India.
  • Has claimed any relief of tax under section 90, 90A or 91
  • Has income exceeding Rs. 5,000 which is not chargeable to tax. In other words, if assessee claims exemption in respect of any income under sections 10, 10A, 10AA, etc.
ITR 2 Income Tax Return Form 2 is to be used by an individual or a Hindu Undivided Family whose total income for the assessment year 2014-15 includes:-(a) Income from Salary / Pension; or
(b) Income from House Property; or
(c) Income from Capital Gains; or
(c) Income from Other Sources (including Winning from Lottery and Income from Race Horses).
Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.Who cannot use this ITR 2 Return Form: This Return Form should not be used by an individual whose total income for the assessment year 2014-15 includes Income from Business or Profession.
ITR 3 For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
ITR 4 For individuals and HUFs having income from a proprietory business or profession
ITR 4S Sugam – Presumptive Business Income tax Return
ITR 5 For firms, AOPs and BOIs
ITR 6 For Companies other than companies claiming exemption under section 11