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Eligibility and Ineligibility for Each Income Tax Return Filing
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Eligibility and Ineligibility for Each Income Tax Return Filing

  • ITR 1

  • Who is eligible?
  • A person who earns a living through a salary or a pension
  • An individual whose income is dependent on a single piece of real estate
  • A person who receives no income from capital gains or other sources
  • An individual does not own any foreign assets and does not earn any foreign income.
  • A person with an agricultural income of up to ₹5000
  • A person who has additional sources of income such as other investments, fixed deposits, and so on
  • Any person who does not have any income from winning lotteries, horse racing, or other windfalls
  • Individuals who want to combine their income with their spouses or minor children


      • Who is not eligible?
      • One with a salary of more than ₹50 lakhs
      • Individuals with an agricultural income of more than ₹5000
      • Applicants with capital gains and business income
      • If a person earns a living from multiple house properties
      • If a person is a corporate director, he cannot apply for ITR 1
      • This form is not available to anyone who invests in unlisted equity shares during the fiscal year
      • Owners of foreign assets who are residents and earn income from abroad
      • A person liable for another person’s income cannot use this form for ITR filing
      • Tax deduction occurs in this case in terms of the other person.


        • ITR 2


        • Who is eligible?
        • Individuals who earn a living through a salary or a pension are eligible to use this Income Tax Return filing
        • An individual who earns from capital gains, i.e., the sale of an asset or property
        • Owner of foreign assets and one whose primary source of income is outside of India
        • A person who earns more than ₹5000 from agriculture
        • People who make a living by winning the lottery, for example
        • If a person is a company’s director
        • RNORs and non-residents.


        • Who is not eligible?
        • All taxpayers should not use this form for income tax returns. For your convenience, we have classified such people in the following section
        • Individuals whose total income includes profits or gains from a business venture or other profession are ineligible for this form
        • Those with a total income of less than ₹50 lakhs.


          • ITR- 3


          • Who is eligible?
          • Profits from unlisted equity investments
          • Individuals who are continuing in their business or profession are eligible
          • Director of the company
          • A person who earns money as a partner in a company is eligible to use this ITR
          • Income from a house, a pension, a salary, or other sources


          • Who is not eligible?
          • Any person with a business turnover of less than ₹2 crores
          • If the taxable income from the business is in the form of salary, bonus, commission, remuneration, or interest, taxpayers can file Income Tax Return 3. Aside from this, any other source of business income is ineligible.


          • ITR- 4


          • Who is eligible?
          • Individuals who make a living through their businesses
          • One who owns a single house and earns a living from it
          • Taxpayers who do not earn income from capital gains or asset sales
          • If a person’s agricultural income is less than ₹5000, he can file ITR 4
          • Individuals who do not own property or assets outside of India


          • Who is NOT eligible?
          • Those who own a foreign asset
          • Company executives
          • A person who earns money in a foreign country
          • If an applicant carries forward a loss under any income category, he is not eligible to use this ITR
          • Unlisted equity share investors
          • A non-resident and a resident who is not normally a resident
          • Individuals who earn a living from more than one rental property
          • Having the ability to sign on to any account outside of India
          • This form is not available to Limited liability partnerships (LLPs).


          • ITR-5 


          • Who is eligible?
          • Limited Liability Partnerships (Limited Liability Partnerships)
          • Local governments
          • BOI (Body of Individuals)
          • Artificial judicial figures
          • Firms
          • AOPs are procedures (Association of Persons)
          • The deceased’s estate is insolvent
          • Investing funds
          • Business trusts
          • Bodies that are unable to choose this form


          • Who is NOT eligible?
          • Any individual who files an IT Return 1
          • Families Undivided in Hinduism (HUFs)
          • Any business
          • This form cannot be filed by those who file ITR 7
          • Applicants with capital gains income.


          • ITR-6 


          • Who is eligible?
          • Except for those claiming exemption under Section 11, all companies
          • Earned income from real estate
          • Profits from a business
          • Income from a variety of sources.


          • Who is NOT eligible?
          • Section 11 organizations can claim tax exemptions because they use this income for religious or charitable purposes
          • Income derived from capital gains


          • ITR-7 


          • Who is eligible?
          • As previously stated, companies doing ITR filing under the sections above are eligible to file ITR 7
          • Section 139(4A): Individuals who earn their income from trust properties or other total legal obligations for charitable or religious purposes must do ITR filing using this form under this Section
          • Section 139(4B): Political parties must file returns under this Section if their total earned income exceeds the non-taxable limit
          • Section 139(4C): The following organizations must file returns under this Section using the ITR 7 form
          • The news agency
          • Institutions covered by Section 10 (23A)
          • Association for Scientific Research
          • Section 10 associations or institutions (23B)
          • Section 139(4D): Returns that colleges, universities, and other institutions must file under this Section. However, under other provisions of section 139, they are not required to provide a return of income and losses (4D)
          • Section 139(4E): Business trusts file returns without providing income or loss statements
          • Section 139(4F): Investment funds will file returns under this section following section 115UB. It is not necessary to present income or loss returns when filing IT returns under any provision of this section.


          • Who is NOT eligible?
          • ITR 1 applies to any salaried individual or HUF
          • Those who qualify for ITR 5 TAX RATE are not eligible to file IT returns using ITR 7
          • Furthermore, the finance ministry has extended the deadline for filing ITR to May 31, 2021. As a result, taxpayers who plan to file tax returns must understand the forms itr 1 filing last date through 7.
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