01
I.T.R. Form 1 - Sahaj
Applicable for individual taxpayers with income from salary, house property, and other sources up to ₹50 lakhs.
I.T.R. & H.U.F. Return
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An Income Tax Return (I.T.R.) is a document that individuals or businesses use to report their income earned during a financial year and the corresponding taxes paid on that income to the tax authorities. On the other hand, a Hindu Undivided Family (H.U.F.) is a legal entity that consists of members of a family, united by a common lineage, and governed by the Hindu law.
Types of I.T.R. Forms
02
I.T.R. Form 2 - ITR-2
Applicable for individuals and H.U.F. not having income from business or profession.
03
I.T.R. Form 3 - Sugam
Applicable for individuals and H.U.F. with presumptive taxation scheme income.
04
I.T.R. Form 4 - ITR-4
Applicable for individuals and H.U.F. with income from a profession or business.
05
I.T.R. Form 5 - ITR-5
Applicable for H.U.F. entities, firms, Association of Persons (A.O.P.), and Body of Individuals (B.O.I.).
06
I.T.R. Form 6 - ITR-6
Applicable for companies not claiming exemptions under Section 11 of the Income Tax Act.
07
I.T.R. Form 7 - ITR-7
Applicable for entities including trusts, political parties, educational institutions, etc
Documents Required for Filing
For Individuals:
Permanent Account Number (PAN)
A unique 10-character alphanumeric code issued by the Income Tax Department.
Aadhar Card
As per recent regulations, linking Aadhar with PAN is mandatory for tax filing.
Form 16
Provided by employers, it contains details of salary, tax deductions, and TDS (Tax Deducted at Source).
Bank Statements
To declare interest income and verify transactions.
Investment Proofs
Documents supporting deductions under various sections, like insurance premium receipts, investment certificates, etc.
Rent Agreement (if applicable)
To claim House Rent Allowance (HRA) exemption.
Home Loan Certificates (if applicable)
To claim deductions on home loan interest.
Medical Bills and Health Insurance Premiums
To avail deductions under Section 80D.
How to Setup a POA?
PAN of H.U.F.
A separate PAN is issued to the Hindu Undivided Family.
Aadhar Card of Karta
The primary member of the H.U.F.
Bank Statements
To declare interest income and other transactions.
Investment Proofs
Supporting documents for deductions claimed.
Rental Income Details
If the H.U.F. earns rental income from any property.
Frequently Asked Question
The deadline for individual I.T.R. filing is usually July 31st, while H.U.F. entities have until September 30th.
No, the Karta (primary member) of the H.U.F. must file the return on behalf of the entity.
No, H.U.F. entities claim deductions as a single unit and not individually.
Yes, linking Aadhar with PAN is mandatory for tax filing.
The penalty for late filing can range from ₹1,000 to ₹10,000, depending on the delay and total income.