Who is eligible to file ITR-1 A resident individual having income not more than Rs.50 las Earns income from salary, pension Having one house property only Agricultural income does not exceed Rs.5000.

Who is not eligible for ITR-1 Being a director in a company Having income from business in unlisted equity shares at any time during the financial year Having income from outside India Being a signatory in any account located outside India. Watch: https://www.youtube.com/watch?v=GD8Z-AjYhjs

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What is ITR-4?

ITR-4 Form is the Income Tax Return form for taxpayers who chose a presumptive income scheme under Section 44ADA, Section 44AD, and Section 44AE of the Income Tax Act. Nevertheless, if the sales of the business cited above exceed Rs 2 crores, the taxpayer will need to file ITR-3. Watch: https://www.youtube.com/watch?v=FkjiALPBShg


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ITR 5 needs to be filled by Limited Liability Partnership (LLP) Association of Persons (AOP) Body of Individuals (BOI) Partnership firms Limited Liability Partnership (LLPs) In order to file ITR-6, the company should be incorporated under the Companies Act, 1956 or 2013. To know more, watch: https://www.youtube.com/watch?v=Xm_J8oxLZZo
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