All About filing ITR 1 Sahaj
- Who Should use this ITR1 Sahaj ?
This form is for Individuals being a Resident (other than not ordinarily resident) having total income upto Rs. 50 lakhs, having Income from Salaries, one house property, other sources and agricultural income up to Rs. 5,000.
- Who is not eligible to use Form ITR-1 (Sahaj) for A.Y. 2020-21?
This ITR Form should not be used by an individual who (Either conditions is fulfilled)–
a) is a Director in a company;
(b) has held any unlisted equity shares at any time during the previous year;
(c) has any asset (including financial interest in any entity) located outside India;
(d) has signing authority in any account located outside India; or
(e) has income from any source outside India.
This ITR form also cannot be used by an individual who has any income of the following nature during the previous year:-
- Profits and gains from business and professions (Presumptive or non presumptive)
b) Capital gains
(c) Income from more than one house property
(d) Income under the head other sources which is of following nature:-
(i) winnings from lottery
(ii) activity of owning and maintaining race horses; or
(iii) income taxable at special rates under section 115BBDA or section 115BBE
(e) income to be apportioned in accordance with provisions of section 5A;
(f) agricultural income in excess of ₹5,000
- Who is suppose to File ITR for AY 20-21
Every Individual whose Total Income before deduction is above the below mentioned threshold has to file ITR.
| Type | Amount |
| Individual below 60 years | 250,000 |
| Resident Individual above 60 years | 300,000 |
| Resident Individual above 80 years | 500,000 |
