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What is ITR-1 Return Filing ?

Taxation in India is well classified based on the category of taxpayer. Any person falling under the purview of the Income Tax Act, 1961 has to pay tax on the income earned in a particular financial year. The categorization in taxpayers has been done to ease the compliances. The Income Tax department has categorized taxpayers into slab brackets based on their income and source of income. The department has notified 7 various forms i.e. ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 to date. Income Tax Return (ITR)-1 which is also known as Sahaj Form is for those individuals who have an annual income of up to Rs 50 lakhs.

Who is eligible to use this Return Form?

This Return Form is to be used by an individual who is a resident other than not ordinarily resident, whose total income for the assessment year does not exceed Rs. 50 lakh and who has income under the following heads:-

  • (a) Income from Salary/ Pension; or
  • (b) Income from One House Property; or
  • (c) Income from Other Sources.

NOTE: Further, 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.

Who is not eligible to use this Return Form?
  • The taxpayer whose income is more than Rs 50 lakhs is not eligible to furnish this form.
  • Assessees having income under business or profession head are not eligible.
  • Agricultural income exceeds INR 5,000
  • There is income from more than one house property
  • 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.
  • The individual is a Director of a company
  • Investment in unlisted equity shares has been made
  • Taxpayers who have long or short-term capital gains
  • The taxpayer who claims relief for foreign taxes paid or claim double taxation relief as mentioned in section 90/90A/91.
  • Such person will have to file return in ITR-2 or ITR-3, as the case may be.
  • Non-residents and RNOR (Residents not ordinarily resident) cannot file ITR 1.
  • Income of the individual is taxable in hands of another person
  • Form ITR-1 cannot be filed by individuals who have deposited over INR 1 crore in their bank accounts, have made an expenditure of INR 2 lakhs on foreign travel, or paid electricity bill of over INR 1 lakh.
Documents required for ITR-1 filing
  • Form 16
  • Interest income certificates
  • Investment proofs for tax saving
  • Form 26AS
  • Salary Slips
  • Deductions under Section 80D to 80U
  • PAN
  • Aadhaar Card
  • Tax-Savings Investment Proofs
  • Home Loan statement from NBFC/Bank
  • Capital Gains
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