ITR 1 Sahaj : WHO CAN OPT FOR ITR 1SAHAJ with CA Manoj Lamba

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Published on 13 May 2020 / In Income Tax

ITR 1 Sahaj : WHO CAN OPT FOR ITR 1 SAHAJ with CA Manoj Lamba

WHO IS ELIGIBLE TO USE THIS ITR?

Any individual who is resident and who's total income does not exceed 50 lakhs and who has income under following heads :-

Income from salary / pension
Income from one house property
Income from other sources

WHO IS NOT ELIGIBLE TO USE THIS RETURN FORM?

-director of a company
-holding unlisted equity shares of a company at any time during the year
-having any assets located outside india
-signing authority in a account outside india
-Income from any source outside india

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