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Section 14 Action of Income Tax Act has classified taxpayer`s income under five different heads, namely:

• Salaries
• Income from house property
• Profits and gains of business or profession
• Capital gains
• Income from other sources

The total income of all the income from taxpayers` total income (as discussed in the previous FAQ) is called gross total income.

ITR stands for Income Tax Return. It is a prescribed form through which income earned by a person in a financial year and taxes paid on such income are reported to the Income Tax Department. It also allows for compensation and refund of losses from the Income Tax Department. Different forms of income are prescribed for filing returns for different status and nature of income. These forms can be downloaded from www.incometaxindia.gov.in

The return form can be filed with the Income Tax Department in any of the following ways, -

1. By presenting the returns in paper form;
2. By presenting returns electronically under digital signature;
3. By electronically transmitting data in returns under electronic verification codes;
4. By transmitting the data in the return and then submitting the verification of the return in the return form ITR-V;

ITR return forms are short form attachments and, therefore, the taxpayer is not required to attach any documents (such as proof of investment, TDS certificate, etc.) with the return of income (whether filed manually or electronically). However, these documents should be retained by the taxpayer and produced before the tax authorities when demanded in situations like assessment, inquiry etc.

As discussed above, no document should be attached to the return of income, however, in the case of the taxpayer, who is required to report the audit under section 10 (2 3C) (iv), 10 (23C) Must be submitted. (v), 10 (23C) (vi), 10 (23C) through, 10A, 10AA, 12A (1) (B), 4AB, 4DA, 50B, I-IA, IB-IB , IC0-IC, (0-ID, 80JJAA, 80LA, 92E, 115JB or 115VW or in electronic form on or before the date of filing of return of income if no tit is given under section 11 (2) (a) Will present from

Return Form ITR - 1 (SAHAJ) can be used by a person whose total income includes the following:

• Income from salary / pension; or
• Income from a house property (except in cases where the loss is carried forward from previous years); or
• Income from other sources (excluding winnings from race horses, taxable under section 115BBDA or income of the nature mentioned in section 115BBE).

Further, in a case where the income of another person like spouse, minor child, etc. is to be combined with the income of the taxpayer, this return form can be used only if such income falls in any of the above categories. is.