Product / Service Description

INCOME TAX RETURN-1 (SAHAJ FORM ITR 1)

WHO IS ELIGIBLE TO FILE ITR 1.

ITR -1  Form is a simplified one-page form for individuals having income up to Rs 50 lakh.

• Income from Salary/Pension
• Income from One House Property
• Income from Other Sources

DESCRIPTION

WHO IS ELIGIBLE TO FILE ITR 1.

ITR -1  Form is a simplified one-page form for individuals having income up to Rs 50 lakh.

• Income from Salary/Pension
• Income from One House Property
• Income from Other Sources

WHO IS NOT ELIGIBLE TO FILE THE ITR-1 RETURN.

Individuals who are not eligible to fill the ITR-1 (SAHAJ) form:

• more than one House Property
• Lottery, Race horses, Legal Gambling etc.
• capital gains
• agricultural income exceeding Rs. 5,000
• Business and Profession Income
• Individual who is a Resident and has
  • assets (including financial interest in any entity) outside India or
  • signing authority in any account located outside India.

HOW DO I FILL OUT THE ITR-1 FORM?

Documents which you should keep before filling your ITR-1 form:

• Form 16s: Issued by all your employers.
• Form 26AS
• Receipts
• PAN card
• investment certificates: Interest from bank account details – bank passbook or FD certificate