ITR Forms for F.Y. 2022-23 Announced by Income Tax Department

Namaste,

Income Tax department has launched ITR Forms for F.Y. 2022-23, there are no major changes in the forms.

Some area which requires special attention while filing are:

· You have to select the Regime under which you want to file your ITR i.e., New Regime or Old Regime.

· If you income from cryptocurrencies or Virtual digital Assets, it will be shown separately.

To find out which ITR you should file, refer table below:

Form No.	Who should file?	Download
ITR-1 SAHAJ	For individuals being a resident (other than not ordinarily resident) having total income up to Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income up to Rs.5 thousand
ITR-2	For Individuals and HUFs not having income from profits and gains of business or profession
ITR-3	For individuals and HUFs having income from profits and gains of business or profession
ITR-4 Sugam	For Individuals, HUFs and Firms (other than LLP) being a resident 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	For persons other than- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7
ITR-6	For Companies other than companies claiming exemption under section 11
ITR-7	For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only
ITR-V	Where the data of the Return of Income in Forms SAHAJ (ITR-1), ITR-2, ITR-3, SUGAM (ITR-4), ITR-5, ITR-7 filed but NOT verified electronically
Acknowledgement	Where the data of the Return of Income in Form SAHAJ (ITR-1), ITR-2, ITR-3, SUGAM (ITR-4), ITR-5, ITR-6, ITR-7 filed and verified

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