CBDT has issued the Income tax return (ITR) forms for the financial year 2015-2016 (AY 2016-2017). Normally the last date of filing returns in 31st July.
|ITR 1||For Individuals having Income from Salaries, One house property, Other sources (Interest etc.)||itr12016|
|ITR 2||For Individuals and HUFs not having Income from Business or Profession||itr22016|
|ITR 2A||For Individuals and HUFs not having Income from Business or Profession and Capital Gains and who do not hold foreign assets||itr2a2016|
|ITR 3||For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship||itr32016|
|ITR 4||For individuals and HUFs having income from a proprietary business or profession||itr42016|
|ITR 4A||Presumptive business income tax return||itr4s2016|
|ITR 5||For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7||itr52016|
|ITR 6||For Companies other than companies claiming exemption under section 11||itr62016|
|ITR 7||For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F)||itr72016|
Some changes to IT Forms
1) Schedule AL added to all forms (including for ITR1 , ITR 2) – Declare Net Worth if Income more than Rs 50 Lakhs. See detailed post on this requirement.
2) In ITR 4s – Nature of Business needs to be mentioned, If more than one Business, then indicate three main activities or products.