Explanation
ITR-1 (Sahaj): Resident individual with salary/pension, one house property, other income (interest), total income ≤ ₹50 lakh. Cannot be used for capital gains, foreign assets, director in a company, or unlisted equity shares. ITR-2: Individuals/HUFs with capital gains, more than one house, foreign income/assets, or income > ₹50 lakh. ITR-3: Individuals/HUFs with business/profession income NOT covered by presumptive. Partnership firms/LLPs. ITR-4 (Sugam): Individuals, HUFs, firms (not LLPs) opting for presumptive under §44AD/§44ADA/§44AE — total income ≤ ₹50 lakh. ITR-5: Firms, LLPs, AOPs, BOIs. ITR-6: Companies. ITR-7: Trusts, charities, political parties. Verify on the income-tax portal before filing.