In total, there are six ITR forms for individuals, namely, ITR-1, ITR-2, ITR-2A, ITR-3, ITR-4 and ITR-4S. What are the income tax return forms that can be used by firms and companies? Firms and companies, in all probability, can use ITR-5, ITR-6 and ITR-7 to file their returns.
What is meant by ITR 7?
ITR-7 is filed when persons including companies fall under section 139(4A) or section 139 (4B) or section 139 (4C) or section 139 4(D). Click here to view the latest ITR-7 form from the Income Tax Department.
What are the different types of income tax forms?
Income Tax Return forms are tax authority approved document formats used to file income tax returns for all income earned during a particular financial year. The forms can be classified into two broad categories – those applicable to individuals and those applicable to firms and companies.
How to file your child’s first income tax return?
By filing Form W-4 in advance, children who do not expect to owe any income tax can request an exemption. If the employer has already withheld taxes, the child should file a return to receive a refund from the IRS. The simplest way to file is to use the one-page IRS Form 1040EZ, which can be found on the IRS website.
What are the documents required to file an income tax return?
For salaried employees, the only documents required to file income tax returns are: TDS certificate (issued by banks and other institutions) For interest on savings account, bank statement or passbook Form 26AS is provided by the Income Tax Department and is available on its website.
How can I download my income tax form?
For downloading Form ITR 4, taxpayer needs to follow the below mentioned steps: Step 2: Click “Offline Utilities” under Download section Step 3: Click “Income Tax Return Preparation Utilities” Step 4: Choose your Assessment Year Step 5: Click “Excel Utility” for filling the details by hand under ITR 4 column and download the file