It is important to note that taxpayer need to choose the appropriate ITR form based on their income sources, nature of income, and other relevant factors to avoid any discrepancies or penalties.

ITR-1: This form is also known as Sahaj form and is used by individual taxpayers who have income from salaries, one house property, and other sources such as interest income or pension income, and whose total income is up to Rs. 50 lakhs.ITR-2: This form is used by individuals and Hindu Undivided Families (HUFs) who have income from salaries, multiple house properties, capital gains, and other sources, and whose total income is up to Rs. 50 lakhs.ITR-3: This form is used by individuals and HUFs who have income from salaries, business or profession, and other sources, and whose total income is up to Rs. 50 lakhs.ITR-4: This form is also known as Sugam form and is used by individuals, HUFs, and firms who have income from business or profession and whose total income is up to Rs. 50 lakhs.ITR-5: This form is used by partnership firms, LLPs (Limited Liability Partnerships), Association of Persons (AOPs), Body of Individuals (BOIs), and other entities who have income from business or profession.ITR-6: This form is used by companies, other than those that claim exemption under Section 11 of the Income Tax Act, 1961, which deals with income from property held for charitable or religious purposes.ITR-7: This form is used by persons including companies that fall under Section 139(4A), 139(4B), 139(4C), and 139(4D) of the Income Tax Act, 1961, which deals with income from trust, political party, and other entities.It is important to note that taxpayers need to choose the appropriate ITR form based on their income sources, nature of income, and other relevant factors to avoid any discrepancies or penalties.