CBDT Notifies the tax return forms for AY 2014-15 - SAHAJ (ITR-1), ITR-2, SUGAM (ITR-4S) , ITR-V FOR a.y. 2014-15

CBDT Notifies the tax return forms for AY 2014-15 - SAHAJ (ITR-1), ITR-2, SUGAM (ITR-4S) , ITR-V FOR a.y. 2014-15   Who can use this Return Form   FORM SAHAJ (ITR-1) FOR A.Y. 2014-15 / F.Y. 2013-14    This Return Form is to be used by an individual whose total income for the assessment year 2012-13 includes:- (a) Income from Salary/ Pension; or (b) Income from One House Property (excluding cases where loss is brought forward from previous years); or   (c) Income from Other Sources (excluding Winning from Lottery and Income from Race Horses) Who cannot use this Return Form This Return Form cannot be used by any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India.   FORM ITR-2 FOR A.Y. 2014-15 / F.Y. 2013-14 Who can use this Return Form This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the assessment year 2012-13 includes:- (a) Income from Salary / Pension; or (b) Income from House Property; or (c) Income from Capital Gains; or (c) Income from Other Sources (including Winning from Lottery and Income from Race Horses). Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories. Who cannot use this Return Form This Return Form should not be used by an individual whose total income for the assessment year 2012-13 includes Income from Business or Profession.   FORM SUGAM (ITR-4S) FOR A.Y. 2014-15 / F.Y. 2013-14   For individuals HUFs having income from a proprietary business or profession