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ITR full form is Income Tax Return. It is a tax form through which a taxpayer provides the particulars of the income earned and the taxes paid during a financial year to the Income Tax Department. Check out this blog post to learn about ITR, different types of ITR forms and more!
ITR full form is Income Tax Return. The ITR form means a form in which the taxpayer submits details about their income and taxes to the Income Tax Department (ITD). This form also allows carry forward of loss and claim refund from ITD for different status and nature of income. Filing ITR is mandatory for taxpayers earning an income above the basic exemption limit.
There isn’t a single ITR form. There are 7 different types of ITR forms, namely, ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7. Each form serves a distinct purpose. The ITR form that is applicable to a taxpayer depends on the source of income, total income earned and the category to which the taxpayer belongs (individual, HUF, company, etc.)
The table below explains the different types of ITR forms in India:
|
Name of ITR Form |
Description |
|
ITR - 1 (SAHAJ) |
This form is also known as SAHAJ. It is applicable to resident individuals having total income up to Rs.50 lakh, from salaries, one house property, capital gains under Section 112A up to Rs. 1.25 lakh, and other sources (except business/profession). |
|
ITR - 2 |
This form is applicable to an individual or HUF who do not have income from business or profession and their income exceeds Rs. 50 lakhs. |
|
ITR - 3 |
ITR 3 form is applicable to an individual or HUF who has any income chargeable to tax under the head “business or profession” |
|
ITR - 4 |
This form is known as SUGAM. It is applicable to resident individuals, HUFs, and Partnership Firms (other than LLPs), having total income upto Rs.50 lakh and having income from “business and profession” which is computed under sections 44AD, 44ADA or 44AE. |
|
ITR - 5 |
The ITR 5 form can be used by a firm, LLP, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), cooperative society and local authority. |
|
ITR - 6 |
It is applicable to a company other than a company claiming exemption under section 11 (Note: exemption under section 11 can be claimed by charitable or religious trusts). |
|
ITR - 7 |
This form is filed by persons including companies who are required to furnish returns under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D). |
|
ITR - V |
ITR V refers to the acknowledgement of filing the return of income. |
For filing ITR, the due dates are as follows:
|
Taxpayer Category |
Due Date |
|
Individuals / HUF / AOP / BOI (no audit required) |
15th September 2025 |
|
Businesses (audit required) |
31st October 2025 |
|
Businesses that require transfer pricing reports in case of international/specified domestic transactions |
30th November 2025 |
|
Revised return |
31st December 2025 |
|
Belated return |
31st December 2025 |
|
Updated return |
31 March 2030 |
Make sure to file your ITR in a timely manner to stay in the good books of the income tax department and avoid penalties.
ITR stands for Income Tax Return. It is a form filed by a taxpaying individual or entity to inform the ITD regarding their income and the tax. There are various types of ITR forms. Each form serves a different purpose. If you need assistance in filing ITR, feel free to connect with our ITR consultants at Registrationwala for assistance.
Q1. What is ITR full form?
A. The full form of ITR is Income Tax Return.
Q2. What are the different types of ITR forms?
A. The different types of ITR forms in India are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7. Each and every ITR form has a unique purpose.
Q3. Can you file ITR after due date?
A. Yes, you can file ITR after the due date. However, it’ll be considered a belated return and you’ll have to file it on 31st December along with a late filing fee. Therefore, it is best to file your ITR in a timely manner without any delays.
Q4. What is ITR V?
A. ITR V full form is to the Income Tax Return - Verification form. This form serves as an acknowledgement of the return filed via Income Tax portal and is used to verify its authenticity.
Q5. What happens if you don’t file the correct ITR form?
A. Filing the wrong ITR form can delay refund, trigger unwanted notices and even lead to penalties for misreporting income. Therefore, filing the correct form is really important.
Q6. How can I file ITR online?
A. You can file it online via the official Income Tax Department portal.
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