Tuesday, 12 July 2011

ITR-1 Sahaj - New Income Tax Return Form

Income Tax Return Form ITR-1 SAHAJ should be used by the individual Tax payer for the assessment year 2011-12,  If his or her income is

(1) Income from Salary or Pension

(2) Income from house property (only if it is from one single house property and if the loss is not brought forwarded from last year) and

(3) Income from other sources other than income from horse race or winning from lottery)

Even if you are a salaried employee,  your income for the assessment year includes income from more than one house property, income from horse race or winning from lottery or income from capital gain which is not exempted from tax you could not use ITR-1 SAHAJ for filing your income tax return.

Download ITR-1 Sahaj (pdf format) Download ITR-1 Sahaj (Excel Format)

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Notification for Non filing of ITR 5 Lakh 

No Income Tax Return-More clarifications

 

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