ITR-1: Simplest Income Tax Return Form in India

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ITR-1, also known as Sahaj form, is the simplest income tax return form in India. It can be used by individuals who meet the following eligibility criteria: • Resident in India • Total income does not exceed ₹50 lakh

• Income is from salary, pension, one house property, and other sources (excluding winnings from lotteries and races) • Income of spouse or minor is clubbed (only if their income is limited to the above specifications)

If you meet the above criteria, you can file ITR-1 online or offline. To file ITR-1 online, you can visit the Income Tax Department's e-filing website. To file ITR-1 offline, you can download the form from the Income Tax Department's website and send it by post.

Here are some of the benefits of filing ITR-1: • You can claim deductions and exemptions on your income. • You can get a refund of excess tax paid. • You can avoid penalties for not filing your return.

Here are the steps on how to file ITR-1: 1. Go to the Income Tax Department's e-filing website. 2. Log in using your PAN and password. 3. Click on the "File Income Tax Return" link. 4. Select ITR-1 from the list of forms.

5. Fill out the form with your personal and income details. 6. Attach the required documents. 7. Verify your return. 8. Submit your return.

Here are some key points to be careful of when filing ITR-1: • Make sure you select the correct assessment year. • Enter your income and deductions correctly. • Pay any taxes due. • Verify your return before submitting it.

Important points you need to take care of when filing ITR-1: • Make sure you have all the required documents, such as your PAN card, Aadhaar card, Form 16, and Form 26AS. • Read the instructions carefully before filling out the form. • Double-check your entries for accuracy.

• Verify your return before submitting it. Hope these details helps you. Note: I have taken help of AI to create this thread/post.