ITR Individual

Income Tax Return (ITR) is a form through which we report the details of our income earned from various sources and thereon pay taxes to the Income Tax Department. ITR contains all the details of incomes and tax saving investments done by an individual in a particular financial year. The tax department has notified 7 types of ITR forms i.e. ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, ITR 7 for filing Income Tax Return (Forms are relevant for individuals, company, firm, etc.).There are five heads of Income in which we report the Income as Income form salary, Income form House property. Income form Capital Gain, Income form Business and Profession and Income form other source.