ITR Forms Guide 2026-27 explained: this guide covers what ITR Forms Guide 2026-27 means, who it applies to, the step-by-step process, documents required, fees, due dates and penalties in India — so you can stay compliant with confidence and avoid costly mistakes.
Key Highlights
- ITR-1 (Sahaj): Salaried individuals — salary + 1 house property + other sources — income up to Rs 50 lakh
- ITR-2: Individuals/HUF with capital gains, multiple house properties, foreign income — no business income
- ITR-3: Individuals/HUF with business/professional income (non-presumptive)
- ITR-4 (Sugam): Presumptive income (Section 44AD/44ADA/44AE) — up to Rs 50 lakh income
- ITR-5: LLP, AOP, BOI, firm, trust, co-op society
- ITR-6: Companies (other than charitable trust claiming Section 135 exemption)
- ITR-7: Charitable trusts, political parties, research associations
1. ITR-1 (Sahaj) — Simplest Form
Who can use: Resident individuals (not HUF) with:
- Salary or pension income
- Income from one house property (no loss carried forward)
- Income from other sources (interest, etc.) — NOT from lottery or horse races
- Total income NOT exceeding Rs 50 lakh
Who CANNOT use ITR-1: If you have capital gains, more than one property, foreign income, foreign assets, agricultural income above Rs 5,000, or are a director in a company.
2. ITR-2 — For Capital Gains and Multiple Properties
Who uses: Individuals and HUFs without business/professional income who have:
- Capital gains (equity, property, mutual funds)
- More than one house property
- Foreign income or foreign assets
- Income from lottery, horse races, online gaming
- Director in a company
- Income above Rs 50 lakh
3. ITR-3 — Business/Professional Income
Who uses: Individuals and HUFs with income from business or profession that is NOT covered by presumptive taxation. Includes:
- Regular business income (maintained books of accounts)
- Professional income (CA, doctor, lawyer, consultant — regular, not 44ADA)
- Partner in a firm
- Also includes all ITR-2 income categories
4. ITR-4 (Sugam) — Presumptive Taxation
Who uses: Individuals, HUFs, and firms (not LLP) opting for presumptive taxation under Sections 44AD, 44ADA, or 44AE of ITA 2025, with:
- Total income not exceeding Rs 50 lakh
- Turnover/gross receipts within presumptive scheme limits
- No capital gains, no foreign income, not a director/investor in unlisted shares
5. Quick Selection Guide
| Your Situation | Use This ITR |
|---|---|
| Salaried, no capital gains, total <Rs 50L | ITR-1 |
| Salaried + mutual fund capital gains | ITR-2 |
| Salaried + equity shares/property gains | ITR-2 |
| Business (non-presumptive), regular books | ITR-3 |
| Freelancer/professional (44ADA) <Rs 50L | ITR-4 |
| Small business (44AD) <Rs 50L | ITR-4 |
| HUF with capital gains | ITR-2 |
| Partnership firm / LLP | ITR-5 |
| Company | ITR-6 |
| Trust / NGO / Section 8 company | ITR-7 |
6. Due Dates for ITR Filing (Tax Year 2026-27)
| Category | Due Date |
|---|---|
| Individuals, HUF, firms (non-audit) | 31 July 2027 |
| Taxpayers requiring tax audit (companies/firms with turnover above limits) | 31 October 2027 |
| Transfer pricing cases | 30 November 2027 |
| Belated return | 31 December 2027 |
| Updated return (ITR-U) | 2 years from end of assessment year |
7. Why TaxClue
Choosing the wrong ITR form, missing a schedule (capital gains, foreign income), or filing a defective return triggers notices. TaxClue selects the correct ITR form, prepares all schedules, and files accurately. Contact us for Tax Year 2026-27 ITR filing.