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Introduction
New Income Tax Return Forms 2014-15 Assessment Year
Return forms for assessment year 2014-15
Please find given below the Forms issued by Income Tax department for Returns Filing as per categories mentioned below
1. In the case of a person being an individual where the total income includes income chargeable to income tax, under the head, -
I) “Salaries†or income in the nature of family pension as defined in the Explanation to clause (iia) of section 57; or
II) “Income form house propertyâ€, where assessee does not own more than one house property and does not have any brought forward loss under the head; or
III) “Income from other sourcesâ€, except winnings from lottery or income from race horses and does not have any loss under the head.
It is Provided that the provisions of this clause shall not apply to a person who.-
(I) Is a resident, other than not ordinarily resident in India within the meaning of sub-section (6) of section 6 and has,—
i) Assets (including financial interest in any entity) located outside India; or
ii) Signing authority in any account located outside India;
(II) Has claimed any relief of tax under sections 90 or 90A or deduction of tax under section 91; or
(III) Has income not chargeable to tax, exceeding five thousand rupees.
Form to be used ITR-1(SAHAJ)
2. In the case of a person being an individual [not being an individual referred to in 1 above] or a Hindu undivided family where the total income does not include any income chargeable to income-tax under the head “ Profits or gains of business or professionâ€. Form to be used ITR-2
3. In the case of a person being an individual or a Hindu undivided family who is a partner in a firm and where income chargeable to income – tax under the head “Profits or gains of business or profession†does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm. Form to be used ITR-3
4. In the case of a person being an individual or a Hindu undivided family deriving business income and such income is computed in accordance with special provisions referred to in section 44AD and section 44AE of the Act for computation of business income.
Form to be used SUGAM (ITR-4S)
It is Provided that the provisions of this clause shall not apply to a person who,-
(I) Is a resident, other than not ordinarily resident in India within the meaning of sub-section (6) of section 6 and has,—
(i) Assets (including financial interest in any entity) located outside India; or
(ii) Signing authority in any account located outside India;
(II) Has claimed any relief of tax under sections 90 or 90A or deduction of tax under section 91; or
(III) Has income not chargeable to tax, exceeding five thousand rupees.
5. In the case of a person being an individual or a Hindu undivided family other than the individual or Hindu undivided family referred to in item 1 or 2 or 3 or 4 above and deriving income from a proprietory business or profession.
Form to be used ITR-4
6. In the case of a person not being an individual or a Hindu undivided family or a company or a person to which applied item 8.
Form to be used ITR-5
7. In the case of a company not being a company to which item 8 applies.
Form to be used ITR-6
8. In the case of a person including a company whether or not registered under section 25 of the Companies Act, 1956, required to file a return under sub-section (4A) or sub-section (4B) or sub-section (4C) or sub-section (4D) of section 139.
Form to be used ITR-7
It is also provided that
(a) Report referred to in section 44AB, 92E or section 115JB shall be furnished electronically.
(b) Every person other than a company and person required to file return in form ITR-7 shall file return electronically either under digital signature or by uploading return electronically followed by ITR-V if their total income exceeds Rs. 500000
(c) A person claiming any relief of tax under section 90 or 90A or deduction of tax under section 91 of the Act, shall furnish the return for assessment year 2013-14 and subsequent assessment years shall file return electronically either under digital signature or by uploading return electronically followed by ITR-V.
(d) A person required to furnish the return in Form ITR-7 shall furnish the return either in paper form or electronically either under digital signature or by uploading return electronically followed by ITR-V.
The above are Income Tax Return Forms 2014 for assessment year 2014-15
Need Help?
Tax Accounting Services
Call : 7838533488
Email : [email protected]
http://taxaccountingservices.blogspot.in/
Return forms for assessment year 2014-15
Please find given below the Forms issued by Income Tax department for Returns Filing as per categories mentioned below
1. In the case of a person being an individual where the total income includes income chargeable to income tax, under the head, -
I) “Salaries†or income in the nature of family pension as defined in the Explanation to clause (iia) of section 57; or
II) “Income form house propertyâ€, where assessee does not own more than one house property and does not have any brought forward loss under the head; or
III) “Income from other sourcesâ€, except winnings from lottery or income from race horses and does not have any loss under the head.
It is Provided that the provisions of this clause shall not apply to a person who.-
(I) Is a resident, other than not ordinarily resident in India within the meaning of sub-section (6) of section 6 and has,—
i) Assets (including financial interest in any entity) located outside India; or
ii) Signing authority in any account located outside India;
(II) Has claimed any relief of tax under sections 90 or 90A or deduction of tax under section 91; or
(III) Has income not chargeable to tax, exceeding five thousand rupees.
Form to be used ITR-1(SAHAJ)
2. In the case of a person being an individual [not being an individual referred to in 1 above] or a Hindu undivided family where the total income does not include any income chargeable to income-tax under the head “ Profits or gains of business or professionâ€. Form to be used ITR-2
3. In the case of a person being an individual or a Hindu undivided family who is a partner in a firm and where income chargeable to income – tax under the head “Profits or gains of business or profession†does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm. Form to be used ITR-3
4. In the case of a person being an individual or a Hindu undivided family deriving business income and such income is computed in accordance with special provisions referred to in section 44AD and section 44AE of the Act for computation of business income.
Form to be used SUGAM (ITR-4S)
It is Provided that the provisions of this clause shall not apply to a person who,-
(I) Is a resident, other than not ordinarily resident in India within the meaning of sub-section (6) of section 6 and has,—
(i) Assets (including financial interest in any entity) located outside India; or
(ii) Signing authority in any account located outside India;
(II) Has claimed any relief of tax under sections 90 or 90A or deduction of tax under section 91; or
(III) Has income not chargeable to tax, exceeding five thousand rupees.
5. In the case of a person being an individual or a Hindu undivided family other than the individual or Hindu undivided family referred to in item 1 or 2 or 3 or 4 above and deriving income from a proprietory business or profession.
Form to be used ITR-4
6. In the case of a person not being an individual or a Hindu undivided family or a company or a person to which applied item 8.
Form to be used ITR-5
7. In the case of a company not being a company to which item 8 applies.
Form to be used ITR-6
8. In the case of a person including a company whether or not registered under section 25 of the Companies Act, 1956, required to file a return under sub-section (4A) or sub-section (4B) or sub-section (4C) or sub-section (4D) of section 139.
Form to be used ITR-7
It is also provided that
(a) Report referred to in section 44AB, 92E or section 115JB shall be furnished electronically.
(b) Every person other than a company and person required to file return in form ITR-7 shall file return electronically either under digital signature or by uploading return electronically followed by ITR-V if their total income exceeds Rs. 500000
(c) A person claiming any relief of tax under section 90 or 90A or deduction of tax under section 91 of the Act, shall furnish the return for assessment year 2013-14 and subsequent assessment years shall file return electronically either under digital signature or by uploading return electronically followed by ITR-V.
(d) A person required to furnish the return in Form ITR-7 shall furnish the return either in paper form or electronically either under digital signature or by uploading return electronically followed by ITR-V.
The above are Income Tax Return Forms 2014 for assessment year 2014-15
Need Help?
Tax Accounting Services
Call : 7838533488
Email : [email protected]
http://taxaccountingservices.blogspot.in/
Contact Info
Address:
Kamla Nagar, Delhi. 110007 India
delhi
delhi 110007
India
delhi
delhi 110007
India
Tel:
7838533488
Website:
http://taxaccountingservices.blogspot.in/
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