Who can use ITR – 1 ( Sahaj ) for online return filing

Income Tax department has specified the various income tax return forms like ITR – 1, ITR-2, and ITR-4S etc & applicability of these forms depends on assessee’s source of income. It is thus important to know more about the ITR – 1 now which is also known as SAHAJ. ITR-1 Form SAHAJ or the newly ITR – 1, has replaced SARAL Income tax return. The main motive behind this is to simplify the existing return forms to reduce return filing burden on the Individuals. Who can use the ITR-1 ITR – 1 Form is to be used by an Individual having income from following sources: a)      Income from Salary/ Pension. b)       Income from One House Property. c)       Income from Other Sources. Moreover, in case any income of spouse, minor child, etc. gets clubbed with the income of the assessee, then ITR – 1 can be used only if the clubbed income falls into the above income source. Who cannot use the ITR – 1 ITR – 1 Form should not be used by an Individual if his total income consists of: a)      Income from more than one house property b)      Income from Winnings from lottery or income from Race horses c)      Income ( not exempt from tax) under Capital Gains d)     Income  exceeding Rs. 5,000 from agricultural business e)      Income from Business or Profession. f)       Income from stock & equity mutual funds. g)      Losses which has to be carried forward. In addition to this, an individual who is a resident having assets (including financial interest in any entity) located outside India or signing authority in any account located outside India cannot use ITR – 1 Form. Points to be noted:

  • No documents are required to be affixed with any ITR Forms.
  • ITR Forms can be filed either manually or electronically, with or without digital signature, with the Income Tax Department.

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