All About filing ITR 1 Sahaj For AY 20-21
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…