Taxpayers can also download a copy of ITR-V from the income tax e-filing website. ITR-V is provided by the Income Tax Department to verify the authenticity of income tax returns and is sent by email to the taxpayer. It is a single-page document that is received when an ITR is filed online without using a digital signature. ITR-V is the acronym for ‘Income Tax Return–Verification’ Form. The ITR-2 form is filed by people who earn from their residential property.Learn » Income Tax » ITR-V Acknowledgement – Submission to CPC ITR-V Acknowledgement – Submission to CPC It is also fit for those who have agricultural income up to Rs 5,000. ITR-1 can be filed by an individual having income up to Rs 50 lakh and who receives income from salary, one house property, and other sources (interest, etc). ITR-1 and ITR-4 are simpler forms that cater to a large number of small and medium taxpayers. The I-T return form should be selected on the sources of income during a particular financial year. If the wrong ITR form is used for filing the I-T return, then the filing will be a defective return, and the tax department will send a notice to refill the return. It is very important to choose the correct ITR form while filing their tax return.

There are seven types of ITR forms, ranging from ITR 1 (Sahaj), ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, and ITR 7, for different individuals, businesses, and companies. This year, software vendors can use this extra time for an early implementation of excel utility and third-party software for filing ITRs.” Mohan added: “Early notification of ITR forms would give ample time to all the stakeholders, including the e-filing portal, third-party software companies, taxpayers, and tax professionals.

Itr sahaj form download