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Income Tax Return Form-1
The ITR-1 form is a required Income Tax Return form for Indian nationals submitting tax returns to the Income Tax Department.
Individuals who are eligible for ITR-1 SAHAJ (Hindi for ‘simple’)
Individuals who received their income solely through the following methods for a financial year are qualified to fill out the ITR-1 SAHAJ form.
Through a salary or a pension through a single-family home (except in case of losses brought forward from preceding years)
Apart from the lottery, racehorses, and legal gambling, there are other ways to make money. Other sources include interest on FDs, spousal pensions, and so on.
In the case of clubbed Income Tax Returns, where a spouse or minor is included in the tax returns, this can only be done if their income is also confined to the above-mentioned parameters.
ITR Form has total 7 types which is known as follows.
Individuals that are ineligible for ITR-1 SAHAJ
Individuals who have obtained income through the following methods are not entitled to fill out the ITR-1 SAHAJ form:
ITR-1 SAHAJ form submission
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