ITR-1 SAHAJ is the most widely used form for individuals to submit their tax returns to the Indian Income Tax Department. Individuals with revenue below 50 Lakhs and earning their revenue through salary or pension for the financial year, only one house property and other sources excluding lottery, racehorses, legal gambling, etc. are qualified to submit their IT return using ITR-1.
Assessees with foreign asset revenue, agricultural income exceeding Rs. 5000, business or professional revenue and earnings from more than one home estate are not qualified to file using the ITR-1 Form.
Form ITR 1 can be prevented by various methods to the Income Tax Department:
If you have chosen Method 4, print two copies of Form ITR-V. The assessee should keep one copy of ITR-V for his / her documents, the other copy must be sent by post to: Post Bag No. 1, Electronic City Office, Bengaluru— 560 100, Karnataka.
Income tax return filing for a person with less than Rs.5 lakhs salary income.
Income tax return filing for a person with less than Rs.10 lakhs salary income.
Income tax return filing for a person with more than Rs.10 lakhs salary income.