WHICH ITR SHOULD I FILE..? ITR | ITR FILING | CA ASHISH DEOLASI

In this video I have explained applicability of ITR Form 1--7 based on different criteria. Following Chart will show which type of ITR is to file or applicable to you for
FY 2021-23
• ITR-1
Resident individual having income is less than or equal to Rs. 50 lakhs
Income from-
• Salary
• Pension
• One house property
• Agricultural income upto Rs. 5000
• ITR-2
Income from-
• Every income from ITR-1 is more than Rs. 50 lakhs
• Capital gains
• More than one house property
• Foreign income/Foreign assets
• Holding directorship in a company
• Holding unlisted equity shares
• ITR-3
Income from-
• Every income from ITR -2
• Business/profession
• Partner in a firm
• Presumptive income more than Rs. 50 lakhs
• ITR-4
Every income from ITR -1
• Salary/Pension, One house property
• Agricultural Income upto Rs. 5000
• Other sources
• Total income upto Rs. 50 lakhs
• Presumptive income under business 44AD, 44ADA, 44AE
• ITR-5
Applicable to
• Firms
• LLPs
• AOPs
• BOIs
• ITR-6
All Companies (Except not claiming exemption under section-11)
• ITR-7
Persons/Companies under
• Section 139(4A)
• Section139(4B)
• Section139(4C)
• Section139(4D)
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