ITR FOR OTHER THAN SALARY

ITR for other than salary person is one of the best services that we provide in Delhi, India. As we are the Best ITR Filing Service provider in Delhi we make sure that your time and money are saved. We at Filing Pool will assist you in filing your Income Tax Return. 

What you have to do is just upload Form 16 in the above section and then our experts will connect with you shortly.

Online Income Tax Return in Delhi, India

ITR-3

To file ITR as a Salary with business income and non-salaried person, choose from any one of the following – ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7 forms as per your suitability

The ITR3 Form is to be used by an individual or a Hindu Undivided Family who have income from proprietorship business or are carrying on profession. However, ITR -3 can be filed for salary income also. The persons having income from the following sources are required to file ITR 3:

• Carrying on a business or profession
• If you are a Director in a company
• If you have had investments in unlisted equity shares at any time during the financial year
• The return may include income from House property, Salary/Pension and Income from other sources
• Income of a person as a partner in the firm

ITR-4

The ITR 4 can be filed by individuals and HUFs, Partnership firms (other than LLPs), which are residents and whose total income includes:

• Business income according to the presumptive income scheme under section 44AD or 44AE
• Professional income according to presumptive income scheme under section 44ADA
•  Income from salary or pension up to Rs.50 lakh
• Income from one house property, not more than Rs.50 lakh (excluding the amount of brought forward loss or loss to be carried forward)
• Income from other sources having income not more than Rs.50 Lakh (excluding income from lottery and race-horses)

Presumptive income scheme under sections 44AD, 44AE and 44ADA is when an individual or an entity opts to derive its income on a presumptive basis, i.e. when the income is presumed at a minimum rate based on a percentage of gross receipts / gross turnover or based on ownership of commercial vehicles. However, if the business turnover exceeds Rs 2 crore, the taxpayer will have to file ITR-3.

When ITR -4 Cannot be filed?

• If total income exceeds Rs 50 lakh
•  income from one house property (More Than One House)
• If you have any brought forward loss or loss to be carried forward under any head of income
• Owning any foreign asset
• Having income from any source outside India
• Director of a company
• If you have had investments in unlisted equity shares at any time during the financial year

ITR-5

ITR 5 shall be filed for firms, LLPs (Limited Liability Partnership), AOPs (Association of Persons), BOIs (Body of Individuals), Artificial Juridical Person (AJP), Estate of deceased, Estate of insolvent, Business trust and investment fund.

ITR-6

ITR- 6 Shall be filed for Companies that are not claiming exemption under section 11 (Income from property held for charitable or religious purposes).

ITR-7

Every person including companies who are required to furnish returns under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) or section 139(4E) or section 139(4F).

• section 139(4A) every person whose income is derived from property held under trust or other legal obligation wholly for charitable or religious purposes or in part only for such purposes.
• section 139(4B) political party if the total income without giving effect to the provisions of section 139A exceeds the maximum amount, not chargeable to income-tax.
• Return under section 139(4C) is required to be filed by every –
• • Scientific research association;
  • News agency;
  • Association or institution referred to in section 10(23A);
  • Institution referred to in section 10(23B);
  • Fund or institution or university or other educational institution or any hospital or other medical institution.
• Return under section 139(4D) is required to be filed by every university, college, or other institution, which is not required to furnish a return of income or loss under any other provision of this section.
• Return under section 139(4E) must be filed by every business trust which is not required to furnish return of income or loss under any other provisions of this section.
• Return under section 139(4F) must be filed by any investment fund referred to in section 115UB. It is not required to furnish a return of income or loss under any other provisions of this section.

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