Income Tax efiling Guides for AY 2019-2020 (FY 2018-2019)

Published: May 29, 2018 at 12:24 pm

Last Updated on

I have updated the two guest posts written by CK Aparna that explain how to e-file income tax returns using ITR1, ITR2, ITR3, ITR5 for AY 2018-2019. Do consider sharing it with assessees who are filing tax return for the first time or filing tax returns with capital gains for the first time.

First Know which ITR you are supposed to file.

ITR 1For individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 lakh Salaried with no capital gains use this
ITR 2For Individuals and HUFs not having income from profits and gains of business or profession If are salaried with capital gains, this is the one for you
ITR 3For individuals and HUFs having income from profits and gains of business or profession
ITR 4For presumptive income from Business & Profession
ITR 5For persons other than:-  (i) Individual, (ii) HUF, (iii) Company and (iv) Person filing Form ITR-7
ITR 6For Companies other than companies claiming an exemption under section 11
ITR 7For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or

For full details and explanation refer to Which ITR Form Should I use for A.Y. 2019-20? (this was published yesterday)

a)If you have an income from just salary, house property and bank deposits (Savings, FD, RD, Flexi RD), it is ITR1 (total income up to 50 L)

b)If you have income specified in a) and income from selling Real Estate, Stocks, Mutual fund units, derivatives, gold etc, or you have withdrawn EPF/PPF, it is ITR2 (individual or HUF with no business income)

If in addition to the above, you (or HUF) have income from a business or proprietorship,  ITR3

e) For people having a presumptive business, it is ITR4 (no capital gains allowed)For all others, it is ITR5 (other than an individual)

Guest post 1: This explains how to e-file using the online ITR1 form: Guide to e-file ITR1 Income Tax Return For AY 2019-20

Guest post 2: This explains how to file short-term and long-term capital gains, carry forward and set off losses.  Guide to e-file Income Tax Return: ITR2, ITR3 and ITR5 

Do let me know if anything more needs to be added.



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About the Author M Pattabiraman author of freefincal.comM. Pattabiraman(PhD) is the author and owner of  He is an associate professor at the Indian Institute of Technology, Madras since Aug 2006. Pattu” as he is popularly known, has co-authored two print-books, You can be rich too with goal based investing (CNBC TV18) and Gamechanger and seven other free e-books on various topics of money management.  He is a patron and co-founder of “Fee-only India” an organisation to promote unbiased, commission-free investment advice. Pattu publishes unbiased, promotion-free research, analysis and holistic money management advice. Freefincal serves more than one million readers a year (2.5 million page views) with numbers based analysis on topical issues and has more than a 100 free calculators on different aspects of insurance and investment analysis. He conducts free money management sessions for corporates  and associations(see details below). Previous engagements include World Bank, RBI, BHEL, Asian Paints, TamilNadu Investors Association etc. Contact information: freefincal {at} Gmail {dot} com (sponsored posts or paid collaborations will not be entertained)
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  1. Sir. My experience.These days the manner in which new mutual duns are being floated and with the present changes it is quite difficult. Can we have a tool to know which fund suffers STT for our tax calculation purposes? Some AMC report STT in the SOA some do not. Seniors get into investing and they have no clue about all this.

  2. Dear Mr.Pattu,

    Good day, Vaazhga valamudan,

    Thanks a lot for putting up this post in the right moment, i am a continuous follower of your blog and financial gyan that you share..

    Is there any way we can get complete transaction statement across all the mutual fund (PAN based) excel sheet for the financial year. Most of them gives pdf version only, there are some online convertors, but am not sure the data will be safe. kindly advice.

    Warm regards,


  3. I have read tons of article of income tax filing but none covered then income tax payment part through challan. That part must be covered along with filing steps. I was assuming till now that filing returns automatically dedcuts the income tax liability until I got notice from department.

  4. I’m an NRI and filing the tax using ITR-2 form. I need to declare the gain and loss from shares and filling it in Schedule CG tab in the excel utility. I’ve few questions:
    1. I’ve declared total short term gain from sale of shares and mutual funds in A.3 – FOR NON RESIDENT, not being an FII- from sale of shares or debentures of an Indian Company – STCG on transactions on which STT is paid. Is it correct?
    2. I’ve declared total long term gain from sale of shares and mutual funds in B.7 – FOR NON RESIDENT, from sale of equity share in a company on which STT is paid under section 112A (filled all sub sections – full value considerations etc.) Is it correct?
    3. As for me the total ltcg is less than 1 lc, so I didnt calculate using grandfathering and kept it simple. Hoping it is not mandatory.
    4. Finally filled section F under Schedule CG to show the gains under different quarters so that total matches with the above declared value in A3 and B7. Is it correct?
    5. I do have short term capital loss on mutual funds and want to declare it. As NRI, can we do it and if yes then which section to fill these details in as couldn’t find it under Schedule CG

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