Income Tax Return (ITR) filing is a crucial compliance requirement for all categories of taxpayers in India, and selecting the correct ITR form based on your income source and profile ensures smooth processing and compliance. Taxation Legal Advisor (

https://taxationlegaladvisor.in, +91 90342 63307) offers expert services tailored to various categories of taxpayers, helping them choose the right ITR forms and file accurate returns on time.

ITR Filing Services for Different Categories of Taxpayers

Income Tax Department of India mandates different ITR forms for different taxpayer segments depending on their income type, residency status, and legal structure. Understanding these helps taxpayers comply efficiently.

1. ITR-1 (Sahaj)

• Applicable to: Resident Individuals with total income up to ₹50 lakh
• Sources of Income: Salary or pension income, income from one house property (excluding cases with loss brought forward), interest income, and agricultural income up to ₹5,000.
• Not Applicable To: Individuals having income from business or profession, capital gains, multiple house properties, foreign assets, or agricultural income exceeding ₹5,000.

2. ITR-2

• Applicable to: Individuals & Hindu Undivided Families (HUFs) not having income from business or profession
• Sources of Income: Salary, capital gains, multiple house properties, foreign income/assets, and income from other sources excluding business income.

3. ITR-3

• Applicable to: Individuals & HUFs having income from proprietary business or profession
• Additional Considerations: Also applicable to those who are partners in firms, including income from salary, capital gains, dividends.

4. ITR-4 (Sugam)

• Applicable to: Individuals, HUFs, and firms (except LLPs) having presumptive income from business/profession (under Sections 44AD, 44ADA, 44AE) and income up to ₹50 lakh.
• Suitable for: Small businesses, freelancers, and professionals opting for presumptive taxation.

5. ITR-5

• Applicable to: Firms, Limited Liability Partnerships (LLPs), Association of Persons (AOP), Body of Individuals (BOI), local authorities, and other similar entities except companies and individuals.

6. ITR-6

• Applicable to: Companies other than companies claiming exemption under Section 11 (like charitable/religious trusts). Must file electronically with digital signatures.

7. ITR-7

• Applicable to: Persons including trusts, political parties, and charitable institutions requiring to file returns under Sections 139(4A) to 139(4F).

Benefits of Using Taxation Legal Advisor for ITR Filing

• Tailored Guidance: Helps you identify the correct ITR form compatible with your income and circumstances.
• Maximized Tax Benefits: Expertly claimes deductions, exemptions, and credits applicable.
• Accuracy & Timeliness: Ensures error-free return preparation and on-time filing to avoid penalties.
• Comprehensive Service: Assistance with document preparation, e-verification, and response handling for tax notices.
• Peace of Mind: Reduces stress and compliance burden, letting you focus on your core work.

Contact Taxation Legal Advisor

For expert, hassle-free ITR filing services for any category of taxpayer, call +91 90342 63307 or visit https://taxationlegaladvisor.in to get tailored assistance.