Income Tax Returns Form Filing

Any individual, being a resident, having total income of upto Rs.50,00,000, having income from salary, one house property, other sources (like interest, etc) and agricultural income of upto Rs.5,000/- shall use this ITR-1 for reporting their income tax.

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WHO IS ELIGIBLE TO FILE ITR 1 FOR AY 2019-20?

ITR -1 Form is a simplified one-page form for individuals having income up to Rs 50 lakh from the following sources :

1. Income from Salary/Pension

2. Income from One House Property (excluding cases where loss is brought forward from previous years)

3. Income from Other Sources (excluding winning from Lottery and Income from Race Horses)

4. In the case of clubbed Income Tax Returns, where a spouse or a minor is included, this can be done only if their income is limited to the above specifications.

5. Who cannot file ITR 1 for AY 2019-20

6. An individual having income above Rs 50 lakh cannot use this form.

WHO HAVE EARNED INCOME THROUGH THE FOLLOWING MEANS ARE NOT ELIGIBLE TO FILE FORM ITR 1

More than one House Property

Lottery, Racehorses,Legal Gambling etc.

Taxable capital gains (Short term and Long term).

Agricultural income exceeding Rs. 5,000

Business and Profession

Individual claiming relief of foreign tax paid or double taxation relief under section 90/90A/91.