Types of ITR Forms & Eligibility – Which ITR Should You File?

Types of ITR Forms & Eligibility – Which ITR Should You File?


Income tax filing season in India often leaves taxpayers navigating through a plethora of Income Tax Return (ITR) forms, each tailored to specific income sources and financial profiles. Selecting the right ITR form is crucial for accurate tax reporting and compliance with regulatory requirements.

In this article, we explore the various types of ITR forms, eligibility criteria, and factors to consider when determining which ITR form suits your financial circumstances. Additionally, we highlight TaxFillingIndia as a premier ITR Filing Consultant in Hyderabad, offering expert guidance and support for seamless tax filing experiences.

Types of ITR Forms

Types of ITR Forms and Eligibility:

1. ITR-1 (Sahaj):

  • Eligibility: Individuals with income from salaries, one house property, other sources (excluding lottery winnings and racehorses), and total income up to ₹50 lakh.

2. ITR-2:

  • Eligibility: Individuals and HUFs not eligible to file ITR-1, having income from more than one house property, capital gains, and foreign assets.

3. ITR-3:

  • Eligibility: Individuals and HUFs with income from business or profession, those opting for presumptive taxation under Sections 44AD, 44ADA, or 44AE.

4. ITR-4 (Sugam):

  • Eligibility: Individuals, HUFs, and firms (excluding LLPs) with income from business or profession under the presumptive taxation scheme.

5. ITR-5:

  • Eligibility: Firms, LLPs, AOPs, BOIs, artificial juridical persons, cooperative societies, and local authorities.

6. ITR-6:

  • Eligibility: Companies other than companies claiming exemption under Section 11.

7. ITR-7:

  • Eligibility: Persons including companies required to furnish return under Sections 139(4A), 139(4B), 139(4C), or 139(4D).

Which ITR Should You File?

  • Assess your income sources, financial activities, and eligibility criteria specified for each ITR form to determine the most suitable form for your tax filing requirements.
  • Consider factors such as income from salary, house property, capital gains, business or profession, and foreign assets to choose the appropriate ITR form that aligns with your financial circumstances.
  • Seek guidance from tax professionals and consultants like TaxFillingIndia in Hyderabad to navigate the complexities of ITR filing, ensure accurate reporting, and maximize tax savings opportunities.

TaxFillingIndia: The Premier ITR Filing Consultant in Hyderabad:

  • TaxFillingIndia is a trusted name in the realm of income tax filing consultancy, offering comprehensive services tailored to meet the diverse needs of taxpayers in Hyderabad.
  • With a team of experienced professionals and in-depth knowledge of tax laws, TaxFillingIndia provides expert guidance, personalized assistance, and efficient solutions for seamless ITR filing experiences.
  • For individuals, businesses, and organizations seeking reliable ITR filing services in Hyderabad, TaxFillingIndia stands out as the best-in-class consultant, ensuring compliance, accuracy, and peace of mind during the tax filing process.


Choosing the right ITR form is a critical step in the income tax filing process, influencing the accuracy of tax reporting and compliance with regulatory requirements. Collaborating with a reputable ITR filing consultant like TaxFillingIndia in Hyderabad can simplify the tax filing journey, enhance efficiency, and optimize tax outcomes for individuals and entities.

By aligning your financial particulars with the eligibility criteria of different ITR forms and leveraging expert guidance, you can navigate the complexities of tax filing with confidence and clarity, ensuring a smooth and successful tax filing experience.

Contact Us For Registration