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    <title>What are the forms of return prescribed under the Income-tax Law?</title>
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    <description>Prescribed Income-tax return forms assign specific ITRs by income source and entity type: ITR-1 (SAHAJ) for salaried/pension individuals with limited house property or other non-specified incomes; ITR-2 for individuals/HUFs without business/profession income; ITR-3 where business/professional income exists; ITR-4 (SUGAM) for those on presumptive taxation schemes. ITR-5 covers firms/LLPs/AOPs/BOIs excluding entities needing specialized returns; ITR-6 for companies not claiming charitable exemption; ITR-7 for trusts/political parties/other specified entities; ITR-V is the filing acknowledgement.</description>
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    <pubDate>Fri, 22 Dec 2023 15:17:00 +0530</pubDate>
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      <description>Prescribed Income-tax return forms assign specific ITRs by income source and entity type: ITR-1 (SAHAJ) for salaried/pension individuals with limited house property or other non-specified incomes; ITR-2 for individuals/HUFs without business/profession income; ITR-3 where business/professional income exists; ITR-4 (SUGAM) for those on presumptive taxation schemes. ITR-5 covers firms/LLPs/AOPs/BOIs excluding entities needing specialized returns; ITR-6 for companies not claiming charitable exemption; ITR-7 for trusts/political parties/other specified entities; ITR-V is the filing acknowledgement.</description>
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