ITR forms

Tax Glossary Definition

ITR forms

ITR Forms – Income Tax Return (ITR) forms are official documents used by taxpayers in India to report their annual income, claim deductions, and pay taxes. The forms vary depending on the type of taxpayer (individual, HUF, company, etc.) and sources of income (salary, business, capital gains, etc.). Some common ITR forms include: ITR-1 (Sahaj): For salaried individuals and pensioners with income from salary, one house property, and other sources. ITR-4 (Sugam): For individuals, HUFs, and firms opting for the presumptive income scheme.

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