(a) Income from Salary/ Pension; or
(b) Income from One House Property (excluding cases where loss is brought forward from previous years); or
(c) Income from Other Sources (excluding winning from lottery and income from Race Horses , Income taxable under section 115BBDA and Section 115BBE )
What is in Section 115BBDA?
What is in Section 115BB?
Who Cannot Use ITR-1 SAHAJ
This Return Form should not be used by an individual whose total income for the assessment year 2017-18 exceeds Rs.50 lakh or includes, –
1. Income from more than one house property; or
2. Income from winnings from lottery or income from Race horses; or
3. Income taxable under section 115 BBDA; or
4. Income of the nature referred to in section 115BBE; or
5. Income under the head “Capital Gains” e .g., short – term capital gains or long – term capital gains from sale of house, plot, shares etc.; or
6. Agricultural income in excess of ₹ 5,000; or
7. Income from Business or Profession; or
8. Loss under the head ‘Income from other sources ’; or
9. Person claiming relief under section 90 and/or 91; or
10.Any resident having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India ; or
11.Any resident having income from any source outside India .
How to Fill ITR-1 SAHAJ?
Submission of ITR-1 SAHAJ Form
ITR-1 SAHAJ form can be submitted physically at any Income Tax Returns Office. An Acknowledgment Receipt can be obtained upon submission.
In case of Electronic Filing of ITR-1 SAHAJ the form can be filled online or by using excel based or java based utility available in income tax filing website.
ITRV can now be verified online Using Electronic Verification Code (EVC) or Aadhaar Card. The EVC can be generated either via One Time Password sent to email and registered mobile number (if income is less than INR 5 Lakhs) or via Net Banking. After online verification is done, there is not required to send ITRV to Bangalore CPC by post.