Forms, eligibility, verification etc. in respect of return of income

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....come-tax, under the head - (a) "Salaries" or income in the nature of family pension as defined in section 93(1)(d); or (b) "Income from house property", where the assessee does not own more than two house property and does not have any brought forward loss or loss to be carried forward under the head; or (c) "Income from other sources", except winnings from lottery or income from race horses and does not have any loss under the head; or (d) "Capital gains", where assessee has only long-term capital gains under section 198 not exceeding Rs. 125000 and does not have any brought forward loss or loss to be carried forward under the head. (3) A person shall not be eligible to file ITR-1, if he - (a....

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....e the total income does not include income under the head business or profession, be in Form No. ITR-2 and be verified in the manner indicated therein; (5) Subject to the provisions of sub-rule (6), return of income shall be in Form SUGAM (ITR-4) and be verified in the manner indicated therein, in the case of a person being an individual or a Hindu undivided family, who is a resident other than not ordinarily resident, or a firm, other than limited liability partnership firm, which is a resident, - - (a) deriving income under the head "Profits or gains of business or profession" and such income is computed in accordance with special provisions referred to in section 58 for computation of such income; and (b) has, "Capit....

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.... section 391(2) or section 392(3); or (o) has any income of the nature on which the tax is determinable as per provisions of Part A of Chapter XIII of the Act. (7) Return of income shall be in Form No. ITR-3 and be verified in the manner indicated therein in the case of a person being an individual or a Hindu undivided family other than the individual or a Hindu undivided family referred to in sub-rule (2) or sub-rule (4) or sub-rule (5) and having income under the head "Profits or gains of business or profession". (8) The return of income shall be in Form No. ITR-5 and be verified in the manner indicated therein in the case of a person not being an individual or a Hindu undivided family or a company or a person to which sub-....

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....signature; or (b) transmitting the data electronically in the return under electronic verification code. 3. Any person other than person referred in Sl. Nos. 1, 2 and 4 (a) Electronically under digital signature; or (b) transmitting the data electronically in the return under electronic verification code; or (c) transmitting the data in the return electronically and thereafter submitting the verification of the return in Form ITR-V. 4. An individual of the age of eighty years or more at any time during the tax year, who furnishes return in Form No. SAHAJ (ITR- 1) or Form No. SUGAM (ITR-4) (a) Electronically under digital signature; or (b) transmitting the data electronically in the return under electronic verif....