ITR-1 is designed for resident individuals with a simple income profile. It applies where total income does not exceed ₹50 lakh during the financial year and income is earned from limited specified sources.
*Only professional fees. Government charges and out-of-pocket expenses will be separate.
₹299.00
ITR-1 is designed for resident individuals with a simple income profile. It applies where total income does not exceed ₹50 lakh during the financial year and income is earned from limited specified sources.
Eligible Income Sources
The government created the ITR-1 form to make e-filing as simple as possible for most salaried workers and many retired people, so that they can submit their returns online with the least amount of fuss. To avoid having complicated types of income (e.g. capital gain from real estate, stocks, business profit, etc.) get handled through this route; only basic types of income are allowed to be reported on this form namely salary from one job, real estate owned for a primary residence, and interest income. Individuals who have additional types of income will need to complete one of the more complex forms: ITR-2 or ITR-3 which allows for a much more thorough examination of complicated tax calculations and potential liabilities through the official Revenue Canada e-Filing site.
ITR-1 cannot be used if the taxpayer has:
ITR-1 Filing Starting at ₹299: ITR-1 is meant for resident individuals with a simple income profile and total income up to ₹50 lakh. It applies to income from salary, one house property, and other specified sources, ensuring quick and hassle free filing.
Income Tax Returns must be filed on or before 31st July of the assessment year for most individuals not requiring audit. For taxpayers subject to audit, the due date is 31st October, while cases involving transfer pricing must file by 30th November. Timely filing ensures faster refunds, avoids late fees and interest, and keeps your tax records fully compliant.
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