Who can file ITR-1?
ITR-1 is applicable to individuals whose total income includes:
- Income from Salary or Pension.
- Income from one House Property.
- Income from other sources excluding winning lottery income and horse racing income.
If you are eligible for filing ITR-1 then sign up on Trutax and file your income tax returns within few minutes: e-filing ITR-1
Who can’t file ITR-1 :
ITR-1 is not applicable to individuals whose income includes:
- Income from lottery winning and horse racing.
- Income from more than one House Property.
- Income taxable under Section 115BBDA.
- Income under the head “Capital Gains” which is a short-term capital gain or long-term capital gains.
- Loss under the head “Income from other Sources”.
- Agriculture Income in excess of Rs. 5000.
- Income from Business or Profession.
- Any Resident having asset located outside India.
- Any Resident having an income source from outside India.
Manner of filing ITR-1
Anyone can e-file their income tax returns using Digital Signature, using Electronic Verification Code and using ITR-V.
Reference: Income Tax e-filing website.
Trutax is simplest way to file your income tax returns anytime and anywhere.
How to fill the ITR-1 form?
ITR-1 form contains various fields which should be filled with correct information and any wrong information in ITR-1 will lead to cancellation of return filing.
The various fields in ITR-1 Form include:
- PAN
- Name
- Aadhaar Number
- Date of Birth
- Mobile Number
- Email Address
- Address
- Employer Category
- Residential Status
- Return Filed
- Whether Original or Revised Return.
- Original Acknowledgment Number
- Date of filing of original Return
- Notice Number
- If filed in response to notice u/s 139(9)/142(1)/148/153A/153C, enter the date of such notice.
- Are you governed by Portuguese Civil Code as per section 5A.
- If Yes, Fill PAN of the Spouse.
PART-B (ITR-1)
- Income from Salary/Pension.
- Type of House Property.
- Income from one House Property.
- Gross Total Income.
PART-C (INCOME TAX DEDUCTIONS)
80C, 80CCC, 80CCD(1), 80CCD(1B), 80CCD(2), 80CCG, 80D, 80DD, 80DDB, 80E, 80EE, 80G, 80GG, 80GGA, 80GGC, 80RRB, 80QQB, 80TTA, 80U.
PART-D (Computation of tax payable)
Tax Payment Details:
Reference: Income Tax e-filing website
Exempt Income Details.
Bank Account Details.
Verification.
Fill up the simple form and get a call back for any information related to ITR-1 filing: Trutax Query Form
