WHICH FORM CAN I USE FOR INCOME TAX RETURNS

SAHAJ and SUGAM are simple, technology enabled, taxpayer friendly income return forms.
WHAT IS SAHAJ
SAHAJ is newly designed ITR-1 which replaces SARAL
WHO CAN USE SAHAJ
An individual whose total income for the assessment year 2011-12 includes:
1. Income from salary/pension or
2. Income from one house property (excluding cases where loss is brought forward from previous years) or
3. Income from other sources (excluding winning from lottery and income from race horses
and who has no loss to be carried forward.


WHAT IS SUGAM
SUGAM is a simplified presumptive business income tax return form (ITR 4S)
WHO CAN USE SUGAM
An individual or a Hindu undivided family (HUF)
1. having income from any business except the business of playing, hiring or ; and
2. total turnover or gross receipt in the year from such business not exceeding sixty lakh rupees; and
3. declaring presumptive income from such business at 8% of the total turnover or gross receipts.
an individual or a Hindu undivided family (HUF)
1. having income from any business of playing, hiring or leasing goods carriages; and
2. owning not more than 10 goods carriages at any time during the year; and
3. declaring presumptive income from such business @ 5000 rupees p.m. for heavy goods vehicle and @ 4500 rupees for other than heavy goods vehicle
IMPORTANT ADVISORY
For speedy processing and quick refunds, taxpayers are advised to ensure that the from they use is coloured from with standard features like registration marks, barcode etc. and printed as per print specifications suggested by the income tax department, which can be viewed after clicking the button Return Forms on http:/www.incometaxindia.gov.in. Forms can also obtained from the income tax offices. SAHAJ and SUGAM can also be e-filed.
Use the services of TRPs (Tax Return Prepares) for filing of IT returns.
call toll free 1800-10-23738
or visit: www.trpscheme.com
e-fileng is easy, convenient and gets you quicker refunds
for more information log on to http://www.incometaxindia.gov.in.

SEE ALSO:
SPECIAL COUNTERS FOR INCOME TAX RETURNS AT BANGALORE

INCOME TAX RETURNS E-FILING CHECKLIST
HOW TO AVOID INCOME TAX RETURN REJECTION
HOW TO PAY INCOME TAX THROUGH ATM
WHAT ARE THE WAYS TO FILE INCOME TAX

HOW TO E-FILE INCOME TAX RETURNS
HOW TO GIVE INCOME TAX RELATED COMPLAINTS (GRIEVANCES) AT BANGALORE
NO INCOME TAX RETURNS FOR SALARIED CLASS ON INCOME UP TO 5LAKH
INCOME TAX SLAB 2011-12
HOW TO GET INCOME TAX REFUND FOR E-FILIED RETURNS