The Central Board of Direct Taxes has notified new Income Tax Return Forms for the Financial Year 2010-11 and Assessment Year 2011-12. The new return forms has been made effective vide Notification No. 18/2011 dated 5-4-2011 and the same shall be applicable from 1st April 2011.
For simplicity, the summary of applicable forms applicable to a respective category of taxpayer is mentioned below.
|NEW RETURN FORMS FOR ASSESSMENT YEAR 2011-12|
|Form No. Particulars|
ITR-1 SAHAJ Indian Individual Income tax Return
ITR-2 For Individuals and HUFs not having Income from Business or Profession
ITR-3 For Individuals/HUFs being partners in firms and not carrying out business or profession under
SUGAM (ITR-4S) Sugam – Presumptive Business Income tax Return
ITR-4 For individuals and HUFs having income from a proprietory business or profession
ITR-5 For firms, AOPs and BOIs
ITR-6 For Companies other than companies claiming exemption under section 11
ITR-7 For persons including companies required to furnish return under section 139(4A) or
section 139(4B) or section 139(4C) or section 139(4D)
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