UGC NET COMMERCE June 2019 Q65 Multiple Choice Questions

Explanation : Forms of Return of Income
Forms–These forms are given below:

New ITR Forms	Subject
ITR 1 (i.e. SAHAJ)	For individuals having income from salary, one house property (excluding loss brought forward from previous years) and income from other sources (not being loss and not being winnings from lottery and income from race horses).
ITR 2	For individuals and HUF’s not having business/professional income.
ITR 3	For individuals/HUF’s being partners in firms and not carrying out business or profession under any proprietorship.
ITR 4	For individuals and HUF’s having income from a proprietary business or profession.
ITR 4S (i.e., Sugam)	For individual/HUFs deriving business income and such income is computed in accordance with special provisions referred to in sections 44AD and 44AE
ITR 5	For firms, AOPs and BOIs or any other person (not being individual or HUF or company or to whom ITR-7 is applicable).
ITR 6	For companies other than companies claiming exemption under section 11.
ITR 7	For persons including companies required to furnish return under section 139(4A)/(4B)/(4C)/(4D).
ITR V	Where the data of the return of income/ fringe benefits in Forms ITR-1, ITR-2, ITR-3, ITR-4, ITR-5 and ITR-6 transmitted electronically without digital signature.