Which ITR Form Should I use for A.Y. 2018-19?

The Income Tax Department has published ITR forms for A.Y. 2018-19. You can use this article to quickly determine which form is right for you. Download the ITR forms from here. This table is taken from this download page. This post is a compilation of information found in each ITR form filling instructions page.

ITRDescription
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 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

Who can use ITR1?

Source Instructions for filling ITR-1 SAHAJ 

This Return Form is to be used by an individual who is a resident other than not ordinarily resident and whose total income for the assessment year 2018-19
includes:-
(a) Income from Salary/ Pension; or
(b) Income from One House Property (excluding cases where there is brought
forward loss or loss to be carried forward from previous year); or
(c) Income from Other Sources (excluding winning from lottery and income from Race Horses, Income taxable under section 115BBDA or Income of the nature referred to in section 115BBE).
NOTE:
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 only if the income being clubbed falls into the above income categories.

Who cannot use ITR1?

This Return Form should not be used by an individual whose total income for the assessment year 2018-19 exceeds Rs.50 lakh or includes,-
(a) Income from more than one house property and where there is brought forward loss or loss to be carried forward from previous year; or
(b) Income from winnings from lottery or income from Racehorses; or
(c) Income taxable under section 115BBDA; or
(d) Income of the nature referred to in section 115BBE; or
(e) Income under the head “Capital Gains” e.g., short-term capital gains or long term capital gains from sale of house, plot, shares etc.; or
(f) Income to be apportioned in accordance with provisions of Section 5A.
(g) Agricultural income in excess of ₹5,000; or
(h) Income from Business or Profession; or
(i) Loss under the head ‘Income from other sources’; or
(j) Person claiming relief under section 90 and/or 91; or
(k) Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India;
or
(l) Any resident having income from any source outside India; or

(m) In case the income is to be apportioned in accordance with provisions of section 5A.

Who can use ITR2?

Source Instructions for filling ITR-2 SAHAJ 

This Return Form is to be used by an individual or a Hindu Undivided Family (HUF) who is not eligible to file Sahaj (ITR-1) and who is not having any income under the head “Profits or gains of business or profession”. If are salaried with capital gains, this is the one for you.

Who cannot use ITR2?

This Return Form should not be used by an individual whose total income for the assessment year 2018-19 includes Income under the head “Profits or Gains of Business or Profession”.

Who can use ITR3?

Source Instructions for filling ITR-3 SAHAJ 

This Return Form is to be used by an individual or a Hindu Undivided Family who is having income under the head “profits or gains of business or profession” and who is not eligible to file Sugam (ITR-4).

Who can use ITR4?

Source Instructions for filling ITR-4 SAHAJ 

This Return Form is to be used by an individual/ HUF/ Partnership Firm whose total income for the assessment year 2018-19 includes:-

(a) Business income where such income is computed in accordance with special provisions referred to in sections 44AD and 44AE of the Act for computation of business income; or
(b) Income from Profession where such income is computed in accordance with special provisions referred to in sections 44ADA; or
(c) Salary/ Pension; or
(d) Income from One House Property (excluding cases where there is brought forward loss or loss to be carried forward under this head); or
(e) Income from Other Sources (Excluding Winning from Lottery and Income from Race Horses).
Note 1: The income computed shall be presumed to have been computed after giving full effect to every loss, allowance, depreciation or deduction under the Income-tax Act.
Note 2: 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 only if the income being clubbed falls into the above income categories.

SUGAM form is not mandatory
SUGAM ITR Form shall not apply at the option of the assessee, if:-
(i) the assessee keeps and maintains all the books of account and other documents
referred to in section 44AA in respect of the business or profession;
(ii) the assessee gets his accounts audited and obtains a report of such audit as required under section 44AB in respect of the business or profession.

In the above scenarios, regular ITR-3 or ITR-5, as the case may, should be filed and not SUGAM.

Who cannot use ITR4?

SUGAM cannot be used in following cases:-
(a) Income from more than one house property or where there is brought forward loss or loss to be carried forward under this head; or
(b) Income from Winnings from lottery or income from Race horses; or
(c) Income under the head ―Capital Gains‖, e.g. Short-term capital gains or long-term capital gains from sale of house, plot, shares etc.; or
(d) Income taxable under section 115BBDA; or
(e) Income of the nature referred to in section 115BBE; or
(f) Agricultural income in excess of ₹5,000; or
(g) Income from Speculative Business and other special incomes; or
(h) Income from an agency business or income in the nature of commission or brokerage; or
(i) Person claiming relief of foreign tax paid under section 90, 90A or 91; or
(j) Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India; or
(k) Any resident having income from any source outside India.

Who can use ITR5?

Source Instructions for filling ITR-5 SAHAJ 

This Form can be used by a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), persons referred to in section 160(1)(iii) or (iv), cooperative society, registered societies and local authority. However, a person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4F) shall not use this form

Who can use ITR6?

Source Instructions for filling ITR-6 SAHAJ

This Form can be used by a company, other than a company claiming exemption under section 11.

Who can use ITR7?

Source Instructions for filling ITR-7 SAHAJ

This Form can be used by persons including companies who are 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).

A.Y. 2018-19 Which ITR form should I use?