Income Tax Return ITR - Which form should you use?

ITR 1 (Sahaj)

For Taxpayers with Income from:
1) Salary of pension
2) Rental income from one house
3) Income form interest and other sources (except from lottery)

ITR 2 

For individuals and HUFs with income from:
1) Salary or pension
2)  Rent from more than one property
3) Capital gains
4) interest and other sources, including lottery and race horses
Dont use it:
If the taxpayer has income from business or profession.

ITR 3

For partners in firms  with income from:

1) Interest, salary, bonus, commision or remuneration

2) Capital gains, rent from more than one house

3) interest and other sources, including lottery and race horses
Dont use it:
If firm is a sole proprietorship business.

ITR 4

for taxpayers with income from:

1)  Business or Profession

2) Income from any other head

3) Foreign Assets

ITR 4S

for taxpayers with income from:

1)  Business or Profession computed under Sec 44AD & 44 AE

2) One house property (excluding loss from previous years)

3) Interest and other sources

ITR 5

The Acknowledgement form is to be used by all taxpayers. If you file offline, sumit this with the ITR. If you e-file without a digital signature, send the signed ITR V to CPC in bangalore by POST.