Income Tax Return Forms
FOR AY 2020-21
As per rule 12 of the Income Tax Rules, 1962
| S.No | Form No | Who is required to file it | Due date of filing of return |
| 1. | ITR 1 | Any individual who is resident and Ordinary resident where total income includes income under the head salary, income from house property (where the assesse does not own more than one house and he does not have any brought forward losses) and income from other sources except winning of lottery and income from race horses Further, this ITR is not to be filed in the following situations: – Has assets including financial interest outside India Has signing authority in any entity outside India’Has income from any source outside IndiaHas income to be apportioned in accordance with provisions of section 5AHas claimed any deduction under section 57 except 57(ii)Is a director in any companyHas held unlisted equity sharesIs held for whole or any part of income on which tax is deductible in the hands of person other than the assesseHas claimed relief under section 90/90A/91Has agriculture income exceeding 5 lakhTotal income exceeding 50LakhIncome taxable under section 115BBDAHas income of the nature referred to in section 115BBE | 31st July however, as per the latest amendment because of the pandemic situation, the return for AY 2020-21 is to be filed by 30th November 2020. |
| 2. | ITR 2 | In case of an individual (other than the one covered above) or a HUF where total income includes any income other than income under the head PGBP | 31st July however, as per the latest amendment because of the pandemic situation, the return for AY 2020-21 is to be filed by 30th November 2020. |
| 3. | ITR 3 | In case of a person being individual or HUF (other than the one’s covered above), having income under the head PGBP In this clause, tax audit would be applicable if the individual or HUF has income from business exceeding INR 1 crore or individual is a partner of the firm or individual has a professional income exceeding INR 50 lakh etc. In all these cases, the due date of filing of ITR is 31st October | 31st July however, as per the latest amendment because of the pandemic situation, the return for AY 2020-21 is to be filed by 30th November 2020. However, in case tax audit is applicable to the assesse the due date is 31st October. |
| 4. | ITR 4 | In case of a person being an individual or HUF (other than a NOR) or a firm (other than LLP, which is a resident) deriving income under the head PGBP and such income is computed in accordance with special provisions of section 44AD, 44ADA and 44AE Provided these provisions shall not apply to a person who: – Has assets located outside IndiaHas signing authority in any account located outside IndiaHas any source of income outside IndiaHas income to be apportioned in accordance with provisions of section 5AIs a director of any companyHas held unlisted equity shares Has income exceeding 50LakhHas more than one house property whose income is chargeable under the head HPHas brought forward/ carried forward loss under any headHas agriculture income exceeding five lakhHas claimed relief under section 90, 90A or 91 Has income taxable under 115BBDA or 115BBEIs assessable for whole or any part of income on which tax has been deducted in the hands of person other than the assesse | 31st July 2020 however, as per the latest amendment because of the pandemic situation, the return for AY 2020-21 is to be filed by 30th November 2020. However, in case tax audit is applicable to the assesse the due date is 31st October (tax audit would be applicable if the conditions of these special provisions are not followed by the assesse). |
| 5. | ITR 5 | In case of person other than an individual, HUF or a company or any person who is required to file ITR under section 139 (4A) or (4B) or (4C) or (4D). For example: due date for an AOP, BOI etc whose accounts are not required to be audited is 31st July. However, in case of an LLP, the due date is 31st October. | The due date of filing of ITR is 31st July or 31st October as the case may be. |
| 6 | ITR 6 | In case of a company | The due date is 31st October. In case the provisions of Transfer Pricing apply, then the due date is 30th November |
| 7 | ITR 7 | Any person including a company whether it is registered under section 25 (Companies Act, 1956) or section 8 (Companies Act, 2013) which is required to file ITR under section 139 (4A), (4B), (4C) or (4D) | 31st July however, as per the latest amendment because of the pandemic situation, the return for AY 2020-21 is to be filed by 30th November 2020. However, in case tax audit is applicable to the assesse the due date is 31st October. |
As per the provisions of this act, any person who fails to file the return within the due date specified under section 139, then the assesse shall pay penalty equivalent to INR 5000 (if the return is filed on or before 31st Dec) or INR 10000 in a case it is filed after 31st December. Provided, if the total income does not exceed five lakh, the fee payable shall be limited to INR 1000.
