Income Tax Return Forms AY 2018-19 (FY 2017-18) – Which form to use?

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CBDT notified the ITR or Income Tax Return Forms AY 2018-19 (FY 2017-18). There are few major changes in these forms. Let us see in detail these changes and understand which form you can use.

There is no change in the manner of filing of ITR Forms as compared to last year. All these ITR Forms are to be filed electronically. However, where return is furnished in ITR- 1 (Sahaj) or ITR-4 (Sugam), the following persons have an option to file a return in paper form-

# An individual of the age of 80 years or more at any time during the previous year; or

# An individual or HUF whose income does not exceed five lakh rupees and who has not claimed any refund in the return of income.

Income Tax Slabs for FY 2017-18 (AY 2018-19)

Before understanding the Income Tax Return Forms AY 2018-19 (FY 2017-18), let us first understand the taxation for FY 2017-18 or AY 2018-19.

Income Tax Slab Rates for FY 2017-18 or AY 2018-19

Income Tax Return Forms AY 2018-19 (FY 2017-18) – Which form to use?

Before jumping to know about the forms, let see the new changes in Income Tax Return Forms AY 2018-19 (FY 2017-18).

# Launch of new SINGLE PAGE ITR Form-1(Sahaj). This initiative will benefit more than three crore tax-payers who will be eligible to file their return of income in this simplified Form.

# The number of Income Tax Return Forms AY 2018-19 (FY 2017-18) have been reduced from the existing nine to seven forms.

# The existing ITR Forms ITR-2, ITR-2A and ITR-3 have been rationalized and a single ITR-2.

# ITR-4 and ITR-4S (Sugam) have been renumbered as ITR-3 and ITR-4 (Sugam) respectively.

# There is no change in the manner of filing of ITR Forms.

# Return is furnished in ITR- 1 (Sahaj) or ITR-4 (Sugam), the following persons have an option to file return in paper form:- (i) an individual of the age of 80 years or more at any time during the previous year; or (ii) an individual or HUF whose income does not exceed five lakh rupees and who has not claimed any refund in the return of income.

# Quoting your Aadhaar number while filing IT Return is now mandatory.

ITR 1 (Sahaj) Form For Assessment Year 2018-19

Income Tax Return Forms AY 2018-19 (FY 2017-18) ITR1

This form can be used only for the income generated during FY 2017-18

You can use this form in case-

# Your Income is from Salary or Pension;

# If you have income from One House Property (excluding cases where loss is brought forward from previous years);

# If your income from Other Sources (excluding winning from lottery and income from Race Horses, Income taxable under section 115BBDA (As per Section 115BBDA the dividend received from domestic company is taxable at rate of 10% if aggregate amount of such dividend exceeds Rs. 10 lakh) or Income of the nature referred to in section 115BBE (As per Section 115BBE any unexplained credit or investment attracts tax at 60% (plus surcharge and cess, as applicable), irrespective of the slab of income.);

#  In a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the income being clubbed falls into the above income categories.

You can’t use this form in case-

# If your total income for the assessment year 2017-18 exceeds Rs.50 lakh;

#  Income from more than one house property;

#  Income from winnings from lottery or income from Race horses;

# Income taxable under section 115BBDA;

#  Income of the nature referred to in section 115BBE;

#  Income under the head “Capital Gains”;

#  Agricultural income in excess of Rs.5,000;

# Income from Business or Profession;

# Loss under the head ‘Income from other sources’;

# Person claiming relief under section 90 and/or 91;

# Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India;

# Any resident having income from any source outside India.

Download the new ITR 1 (Sahaj) Form For Assessment Year 2018-19

ITR 2 Form For Assessment Year 2018-19

You can use this form in case-

# Can be used by an individual or a Hindu Undivided Family (HUF)

# Income from Salary / Pension;

# Income from multiple House Property;

# Income from Capital Gains;

# Income from Other Sources (including winnings from lottery and income from race horses).

# An asset in foreign country or income from a source outside India

#Agricultural income of more than Rs 5,000

Further, in a case where the income of another person like spouse, minor child, etc., is to be clubbed with the income of the taxpayer, this Return Form can be used if income to be clubbed falls in any of the above categories.

You can’t use this form in case-

# If your income for the year includes income from Business or Profession.

Download ITR 2 Form For Assessment Year 2018-19

ITR 3 Form For Assessment Year 2018-19

# The old ITR 4 now renamed as ITR 3.

# This ITR3 can be used by individuals and HUFs.

# You can use this form if you have income source from proprietary business, profession or having income as a partner in a Partnership firm.

# You can report the incomes like income from salary, multiple house properties, lottery winnings, capital gains, speculative income i.e. horse race along with your business or professional income.

Download ITR 3 Form For Assessment Year 2018-19

ITR 4S Sugam Form For Assessment Year 2018-19

You can use this form in case-

# It can be used by an individual/ HUF/ Partnership Firm.

# Business income where such income is computed in accordance with special provisions referred to in sections 44AD and 44AE of the Act for computation of business income.

# Income from Profession where such income is computed in accordance with special provisions referred to in sections 44ADA.

# Salary/ Pension

# Income from One House Property (excluding cases where loss is brought forward from previous years).

# Income from Other Sources (Excluding Winning from Lottery and Income from Race Horses).

You can’t use this form in case-

#  Income from more than one house property

# Income from Winnings from lottery or income from Race horses

# Income under the head “Capital Gains”, e.g. Short-term capital gains or long-term capital gains from sale of house, plot, shares etc.

# Income taxable under section 115BBDA

# Income of nature referred to in section 115BBE

# Agricultural income in excess of Rs.5,000

#  Income from Speculative Business and other special incomes

# Income from an agency business or income in the nature of commission or brokerage

# Person claiming relief of foreign tax paid under section 90, 90A or 91

# Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India

# Any resident having income from any source outside India.

Download ITR 4 Sugam Form For Assessment Year 2018-19

Hope this much information is sufficient for you in choosing the Income Tax Return Forms AY 2018-19 (FY 2017-18).

More To Explore

131 Responses

  1. I want to submit tax ITR 4S and 44AD which will be nature of business code? blogger is my full time job and i making money from google adsense.

  2. Hello Sir,

    Does one need declare “Interest accrued on PPF / EPF for the financial year” ? If yes under what section or part of ITR-1 one needs to declare it as its tax exempt ?

      1. Thank You Sir.
        I assume since this is recorded in EPF / PPF Database when its redeemed by user there will not be any queries from IT-dept for source or Interest earning.
        I have a old manual entry passbook for PPF contribution which is updated once a year by bank, Do we get any statement of record upon maturity and withdrawal ?

  3. Is the provision for deduction u/s 80TTB for senior citizens for F.Y. 2018-19 also applicable on Savings Bank Interst?

  4. Dear Basu, I am a market research consultant, freelancing on assignment basis, without any staff or setup. My only income is fees from assignments. No income from house or any other source. Which is the form to be used by me for AY 2018-19 ? Thanks.

  5. Sir,
    My mother is a super senior citizen. She has income from Family Pension and Savings Bank Interest. But her Total Income including all sources never exceeded the basic exemption limit applicable to her. But she submits ITR every year.
    Now that she is too aged and invalid and that her income is unlikely to exceed the Basic Exemption limit in foreseeable future, can she discontinue filing ITR any more? If yes whom to contact in IT Department to pray for exemption from filing ITR?……..Is it her AO(ITO) or any other authority? Can she submit her prayer to the nearest any ASK centre? Or can she submit it online and how?

  6. Which ITR form to use for Salary, Short Term capital gain and intraday trading.
    I am not able to find all these three together in a single return form for AY 2018-19.

  7. Hi Basu,
    I am an allopathic doctor, consultant in private hospital. I am filing return in ITR 4, presumptive income 44ADA. I am not finding any profession code in AY 208-19, ITR4. I contacted the e filling call centre, but no reponse. Kindly help.

  8. Hi Basu Sir,

    Very informative info. I have a query on HRA, Can I claim HRA and house loan interest in the same city. Own house is 30km away from work so staying in rent and own house is occupied by parents ( not let out). please advise.

    Thanks
    Srinath

      1. Thanks Basu for quick reply, so I need not show rental income as well, as it is occupied by parents.

  9. Dear Sir,
    i have salaried person (pvt sector) and income form lic commission around 20 thousand as per 26 as and some tds also deducted. Now, i want to know which ITR form choose?

  10. Dear sir While making a Self Assessment Tax challan for assessment year 2018-19, I wrongly wrote the assessment year as 2017-18 and the challan has been processed by the bank and also I get the BSR Code and challan number. I have following queries
    1. Can i file the revise return of previous year i.e. assessmnet year 2017-18 and claim the refund of the extra amount deposited ?
    2. As the time frame to get the assessment year rectified by the bank has already expired , how much time the AO will take to rectify the assessmnet year keeping in view the last date to file the returns for the current assessment year is very near ?
    Thanks in advance

  11. I am a govt. employee and a senior citizen. I want to deduct tax solely on my salary income by my deductor for the FY 2018-19. I intend to show the interest income in the itr1 and pay self assessment tax/advance tax as applicable after deduction of Rs. 50000 under 80TTB.
    My question is……in that case the form 16 issued by my employer will not show the deduction under 80TTB. Can I claim that deduction in my ITR1?
    Is there any problem of mismatch between form 16 and itr1?

    1. Dear Bikas,
      Yes, you can show that. There will not be an issue. Form 16 was issued by the employer based on your declaration and salary income. Hence, it is not mandatory that your income must match with Form 16.

  12. Sir,
    A standard deduction Rs. 40000 is admissible from salary income for the F.Y. 2018-19. Is it applicable for a pensioner also and at the same rate?

  13. Hi Basu,

    I did not have any form 16 and the amount is not deducted 26AS, it means i did not have any earnings F.Y. 2017-2018.

    1.Is it require to file income tax?

    Please let me know update on above.

    Regards.
    Chandu

  14. Sir, I prepared income tax return (ITR1) for my wife. While filling up column TCS sl.no.22 (details of tax collected at source as per form 27D issued by the collector) I typed 0 in the last column of the first row. But I am unable to validate it. The system directs me to fill up all the columns. Since it is nil, I do not know how to fill it up. Kindly guide me. More over I request you to upload a filled in ITR1 form, which will be much useful to me. (and others also)

    with regards
    Sankarasubramanian

  15. Dear Basu Sir,
    If my form 16 is not showing HRA… but my salary slip shows some contributions towards HRA… How to deal with it during filling of ITR-1?

      1. Dear Sir,
        I checked it with my employer and now I know, I did not get any HRA component in my Salary. But I am paying rent near about 51500 annually also the IT Return form is asking for rent paid (80GG Rent Paid). Can I claim for this? I come under 20% income slab. please guide me.

  16. Hello Basu Sir,

    Thank you for wonderful detailed article to help readers.
    – I have a question what form one has to use who is NRI but has interest earning in India ?
    – Also in form does one need to specify foreign earnings ?
    – What qualifies as an asset in foreign country ?
    – Does this sentence relates to personal bank account or business account “Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India”

      1. Thank You so much sir.

        Kindly if you can elaborate on this ?

        – What qualifies as an asset in foreign country ?
        – Does this sentence relates to personal bank account or business account “Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India”

  17. Sir,
    While filling Income Tax Form ITR2 for this year, under Schedule CG A2, 2,
    If I have purchased shares say for 1000/- and paid brokerage of 35/- and after 6 months, sold it for 1200 and paid brokerage of 40/-,
    Since there is no indexation benefit for STCG on shares , can I put for
    ia) Full value of consideration=1200-40=1160/-
    ib- Deduction under Section 48
    i) Cost of acquisition without indexation =1000/-,
    ii)Cost of improvement w/o indexation = nil,
    iii) Expenditure wholly and exclusively with transfer= 35/-
    .’. total under sect.48=1035/-
    STCG=1160-1035=125/-?
    With Regards,

  18. Sir,
    I used to take home tuition and had an annual income of around Rs. 300000/- and maintained a balance sheet. I used to submit my annual return under the head “income from profession-others”) in itr3 or itr4. I left the profession for the last more than 1 and half years on health ground. Now I have no income other than a meagre savings bank interest of not exceeding 10000/- Should I submit any itr this year? If yes, can I submit itr1?

    1. Dear Bikas,
      Your tution income should be shown under Income From Business or Profession and you must use ITR3. Regarding the current income range, it is always best to file the ITR (even though your income is below basic exemption limit). Form usage for this depends on again what type of income you are having.

      1. Sir,
        Previous FY 2017-18 income is exclusively from savings bank interest which is less than Rs. 10000…..then which itr I can use for AY 2018-19? Is it to be shown as “Income from other sources”?

  19. In the “Capacity” Column, do we have to write our name or do we just need to mention the capacity as Individual?

  20. Sir, During the financial year 2017-18, I paid a loan of Rs.10 lakhs to my sister free of interest. I am female aged 60. My income is below 5 lakhs. I can claim Rs.1,50,000– under 80 (c). and 15,000/ under 80 (D). Kindly inform me what type return I have to use? Where in the itr return i have to show the loan amount paid to my sister free of interest? More over kindly let me know whether my sister who is working in government service aged 59. has to show the loan reeived by her in her return. If so in ITR1 or II, at what column she has to mention the loan received by her.

      1. I am retired teacher. Getting pension below 5 lakhs p.a. I got gratuity 35L. I deposited in F.D. Closing it I paid Rs.10L to my sister through net banking at Rs.2/ in five transanctions within a week’s time. More over I have invested in mutual fund and getting dividends.

          1. Sir, Kindly let me know whether I have declare the loan paid by NE in it’s 1. If so where? Moreover is it necessary for my sister to declare the loan received by her in her it’s return. Kindly reply.

            1. Sir, Kindly let me know whether I have to declare the loan paid me in ITR1. If so, where? Moreover is it necessary for my sister to declare the loan received by her in her ITR1 return. Kindly reply.

  21. Sir,
    I earn from some private tuition in my house (around rs. 30,000 a year). Which itr I can use to efile my income? I do not keep any book of accounts for the purpose. But I have a Savings Bank A/C.

  22. In ITR2, in Schedule CG, under which head should we disclose capital gains from redemption of FMP? Is it under item B2 or B7 for a resident?

    Thanks in advance for your guidance!

    Regards,
    SB

  23. Gobind Das says:-
    May 29, 2018
    Sir,
    I am a life insurance Agent, Lic of india deducted tax from my commission income,whichITR form for A.Y. 2018-19 and nature of business code shall I select in the form.

    With best regards,
    Gobind Das.

  24. Sir I am lic agent and i got Rs 64000.00 commission and TDS deducted Rs 3598.00 .I am also doing also supply building materials like SAND ,CHIPS AND BRICKS.Sir please tell me which ITR I will fie and pls tell about business code.

  25. Dear Basu,
    Im salaried and i get my Form 16.
    In March 2018, i have sold mutual funds which i had been holding for more than 3 years, with some profit.
    I guess it is not taxable as sold before 31st march. Am i correct?
    Should i have to disclose this profit while filing returns ? If so how ?
    KIndly guide
    (No other sources of income)
    regards

  26. To,
    Income Tax Authority,
    I have file our Clients ITR but some difficulties selecting of Business codes so please provide all business code list of my email id provide you.

  27. SIR,
    I AM A LIFE INSURANCE AGENT, LIC OF INDIA DEDUCTED TAX FROM COMMISSION. WHICH CODE SHALL SELECT NOB BP IN ITR4 SUGUAM.
    ALSO WHAT SHOULD I WRITE IN VERIFICATION “I AM MAKING RETURNS IN MY CAPACITY AS”____________”.

    WITH BEST REGARDS
    SHAM PATIL

  28. Hi, I am working in IT with 30% tax bracket. Also, doing software consultation in India and US. Getting paid from the US in Dollars and India in Rupees. Q1. How should I pay my taxes?

    For my consultation work one of my client deducting the tax at 10%.

    Q2. Can I have two tax deductions from two companies?

    Thank you for the help.

  29. Sir,

    Which ITR form for the AY 2018-19 to be filled in by a salaried employee whose salary income is less than Rs.50 lakh and paying rent for his residence? He has no house property.

    Pl guide.

  30. My mother gifted me Rs. 3 lacs by cheque in FY 2017-18. Will it be considered as “Income” at all?
    If yes,
    How to declare it in ITR? Which ITR to file?

  31. sir meri complain hai aagar ITR me all income show kiya jata hai or ushe INCOME TAX DEPARTMENT valid kar ta hai
    aagar HOUSING LOAN KE LIYE FILE GOVT BANK ME DIYA JA TA HAI TOO VAH OTHER INCOME KO VALID NAHI KAR TA HAI ……???????????

    EXPMPLE :
    SALARY INCOME – 210000 + OTHER INCOME (LIC OF INDIA) 80000=00 29000=00 INCOME SHOW
    BUT HOUSING LOAN LIFE ME ONLY WAH LOG SALARY INCOME KO HI CALCULATE KAR TE HAI

    SIR REPLY ME THIS MATTER VERY URGENT

  32. Dear Bash,
    I am not trader, but an investor in stocks. But within two months (in the fy 2017-18, in three or four stocks I gained scg. Kindly clarify, how investors differs from trader.

    1. Sankarasubramanian-If you sold within few months, then your AO classifies you as trader but not investor. You can defend yourself as an investor, but be ready to defend as if your investor if your AO questions the same. Rest left with you to decide.

  33. Dear Bash, You have replied to my query and informed me that stock trading is a business hence I have to file ITR3. In this connection I bring to your kind attention and I am a small trader. I have no other income except my pension. The short term capital gain from trading is very small amount ie, Rs.2000 for fy 2017-18. I perused ITR3. It contains 35 pages. More over most of the columns in the return are not relevant in my case.

    My pension income is below 4 lakhs and short term capital gains is also RS.2000. No other income either from house or land or business.

    Kindly inform me which ITR form I have to use to file my return.

  34. Dear Basu, I sincerely thank you for the information you have put in regarding the income tax rules and form to be used while filing returns. I am very clear that I have to file my income tax return in ITR 2. I am retired person and receiving pension. In addition as a learner in stock trading I gained short term capital gain of Rs.2000 in the fy 2017-18. Hence I have to select ITR 2. Is that correct?

  35. Nice article summarizing the changes. One question. When we have 2 house property
    1 you are staying in one with no loan
    2 rented out and earning rent income to be declared

    Can we do ITR1 or we need to go for ITR2 ?

  36. I am trying to file my income tax returns for the assessment year 2018-19 (FY 2017-18). E-file -> Income Tax Return link doesn’t allow me to select the Assessment year 2018-19. Is this a bug or am I doing something wrong?

  37. Dear Bada vraj, greetings for command able work. My query is that someone have income from pention, interest and commission from insurance co. Which form to fill for FY 2017-18.

  38. Sir,
    I am a Govt. employee and facing some difficulty in filing new itr1(sahaj). 1) My salary break up is Basic Pay, Non-Practicing Pay( It is for all practical purposes considered as Basic Pay…..like calculation of DA,HRA etc.), DA, HRA, I.R. (Interim Relief). All my pay and allowances are taxable. What will be the salary break up for PartB1 (1) Salary and PartB1(2) Allowances not exempt in my case?
    2) Regarding Schedule TDS…..I have declared income from other sources apart from my salary to my deductor. After adding both salary and income from other sources I arrive at Gross Total Income and allowing deduction under chapter 6A, I arrive at Total Taxable Income and tax has been deducted at source accordingly. Now what should I fill in column (3)i.e. Amount which is subject to tax deduction of schedule TDS? Is it only Salary income or Gross Total Income or Total taxable income? In column (4)i.e. year of tax deduction of schedule TDS what should I fill as tax has been deducted every month during FY 2017-18.

  39. My income from a internet cafe business is about 1.2 lakhs. I invest in mf and also do trading in demat account. Here no redumption in mf and profit less than one lakh annually in demat trading. Overall total imcome is less than 2.5 lakhs. I want to know that is it necessary to file itr? I also receive compliance notice in last two years for sale purchase if shares but i reply there that my income is below taxable limit. So please guide me that should i file itr or not as i am below taxable limit.

      1. Thanks for your kind reply.
        Please guide me that which form is to be used in my case, as I do not maintain any books of accounts, receipts etc.

          1. Sorry Sir.
            But I read in some websites that itr 3 is not used in business income(in my case 120000 lakh). there is a form ITR 4 for business/profession income.

            Sir I am unable to understand this.
            Kindly clear my this doubt, and i shall be thankful to you.

              1. Sir I didn’t get you.
                But thanks for the guidance. I will contact you again if needed.
                have a nice day.

  40. I would like to know whether the SWP which I am receiving every month is to be clubbed alongwith my other income while filing I.T.returns. Thanks.

  41. THANKS ITS INDEED VERY HANDY AND EASY TO UNDERSTAND BY WRITING WHO SHOULDN’T USE THIS FORM GIVES MORE CLEAR IDEA…4S IS REINTRODUCE..

  42. Dear Basavaraj

    Thanks for such a detailed information and you are the first person to write this blog before other bloggers. Even CBDT have released the news in today’s newspaper and not earlier.

    I would like make one request that you should desist from odd advertisements in between the article which makes very difficult to copy and takeout printouts. Such ads can be posted at some other places instead in middle of the article. There are three ads which hinders your readers to take a printout.

    Moreover, for a blogger of your status, such ads are not necessary but still you need them to be advertised then that it can be published towards the end of the article.

    Please take my suggestion in right spirit and think over it.

    Thanks.

    RK Bhuwalka

  43. Hi Basu,

    A nice article once again. One request to you not sure whether already you made articles on the same already. Can you prepare articles on filling each forms you have mentioned above with what details in which box to be filled on. Thanks in advance!

    Regards! Shan!

      1. Dear Basu,

        Thank you so much! I have suffered a lot and still i am not clear on many things in the form. When i look on many websites, i got confused more than getting clarity . So it will be more helpful for people like me if you publish articles on Form Filling of each kind with details. The income tax dept is also providing Excel and Java utilities to fill those info while filling apart from online filling to generate xml data. So if you include this also in your future plans of Publishing Articles , i am very much grateful to you.

        Many thanks for considering my request! Thanks! Shan!

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