{"id":2245,"date":"2022-04-07T04:29:07","date_gmt":"2022-04-07T04:29:07","guid":{"rendered":"http:\/\/finotaxsolutions.in\/?page_id=2245"},"modified":"2022-04-08T15:26:03","modified_gmt":"2022-04-08T15:26:03","slug":"itr-1-_individual-huf","status":"publish","type":"page","link":"https:\/\/finotaxsolutions.in\/index.php\/itr-1-_individual-huf\/","title":{"rendered":"ITR-1 _Individual &#038; HUF"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2245\" class=\"elementor elementor-2245\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-545cd46 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"545cd46\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-99b4351\" data-id=\"99b4351\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6a6de0b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6a6de0b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-c0045fd\" data-id=\"c0045fd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7bcdb57 elementor-widget elementor-widget-heading\" data-id=\"7bcdb57\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">ITR-1 _INDIVIDUAL OR HUF<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7458e7b\" data-id=\"7458e7b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-77c44f7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"77c44f7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-dbf26ad\" data-id=\"dbf26ad\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ffa54c4 elementor-widget elementor-widget-text-editor\" data-id=\"ffa54c4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>We make sure you get your income tax return file quickly and easily, with the least amount of hassle. We provide professional, affordable,and efficient service to get your ITR-1,ITR-2 ,ITR-3,ITR4 and ITR-6 forms in on time. Not only that but we save you time\u00a0also.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3491b0f elementor-widget elementor-widget-heading\" data-id=\"3491b0f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">Person who cannot file form ITR-1<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1031554 elementor-widget elementor-widget-text-editor\" data-id=\"1031554\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>ITR-1 Sahaj Form is to be furnished by individual taxpayers in case their total income for the assessment year does not exceed Rs. 50 lakhs.<\/p>\n<ul>\n<li>Salary\/Pension: Salary refers to the remuneration\/consideration that a person receives for the services that he\/she renders under a contract of employment. For an amount to be considered salary, the existence of employer-employee relationship is must. As per the Income Tax Act, 1961, the following are included in salary income:\n<ul>\n<li>Wages<\/li>\n<li>Pension<\/li>\n<li>Annuity<\/li>\n<li>Advance Salary Paid<\/li>\n<li>Leave Encashment<\/li>\n<li>Fee, Perquisites, Commission, Profits in addition to or in lieu of Salary or wages<\/li>\n<li>Central Government Contribution or Employer Contribution to Pension account as mentioned in Section 80CCD of the Income Tax Act, 1961.<\/li>\n<\/ul>\n<\/li>\n<li>One House Property (does not include those cases in which income has been brough forward from previous years): If the taxpayer I the owner of a property from which he\/she is earning rent, the rent proceeds become taxable. However, if the taxpayer is using the property for running some business or profession, the same would be taxable under the heading \u201cIncome from Business or Profession.\u201d<\/li>\n<li>Other sources (does not include income earned from winning lottery or race horses)<\/li>\n<li>Agricultural Income (Up to INR 5,000)<\/li>\n<\/ul>\n<p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-88fd5e4\" data-id=\"88fd5e4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e7b6651 elementor-widget elementor-widget-sidebar\" data-id=\"e7b6651\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"sidebar.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<aside id=\"search-1\" class=\"widget widget_search\"><form role=\"search\" method=\"get\" class=\"search-form\" action=\"https:\/\/finotaxsolutions.in\/\">\n\t<label for=\"search-field\">\n\t\t<span class=\"screen-reader-text\">Search for:<\/span>\n\t\t<input type=\"search\" id=\"search-field\" class=\"search-field\"   placeholder=\"Search...\" value=\"\" name=\"s\" tabindex=\"-1\">\n\t\t\t<\/label>\n\t\t\t<input type=\"submit\" class=\"search-submit\" value=\"Search\">\n\t<\/form>\n<\/aside><aside id=\"block-6\" class=\"widget widget_block\">\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\">\n<p><div class=\"wpforms-container \" id=\"wpforms-6\"><form id=\"wpforms-form-6\" class=\"wpforms-validate wpforms-form\" data-formid=\"6\" method=\"post\" enctype=\"multipart\/form-data\" action=\"\/index.php\/wp-json\/wp\/v2\/pages\/2245\" data-token=\"14c3867b11c03096707cf18212ba3887\" data-token-time=\"1777903068\"><noscript class=\"wpforms-error-noscript\">Please enable 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class=\"wpforms-field-medium\"><\/div><div class=\"wpforms-submit-container\" ><input type=\"hidden\" name=\"wpforms[id]\" value=\"6\"><input type=\"hidden\" name=\"page_title\" value=\"\"><input type=\"hidden\" name=\"page_url\" value=\"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/pages\/2245\"><input type=\"hidden\" name=\"url_referer\" value=\"\"><button type=\"submit\" name=\"wpforms[submit]\" id=\"wpforms-submit-6\" class=\"wpforms-submit\" data-alt-text=\"Sending...\" data-submit-text=\"Get a Call Back\" aria-live=\"assertive\" value=\"wpforms-submit\">Get a Call Back<\/button><\/div><\/form><\/div>  <!-- .wpforms-container --><\/p>\n<\/div>\n<\/aside>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-45c711d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"45c711d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6a6ce9b\" data-id=\"6a6ce9b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d0bd86 elementor-widget elementor-widget-heading\" data-id=\"2d0bd86\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">Individuals who cannot file Form ITR-1<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-120e2ac elementor-widget elementor-widget-text-editor\" data-id=\"120e2ac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Form ITR-1 cannot be filed in the following cases:<\/p>\n<ul>\n<li>Income exceeds INR 50 lacs<\/li>\n<li>Agricultural income exceeds INR 5,000<\/li>\n<li>Taxable capital gains have been made<\/li>\n<li>There is income from business or profession<\/li>\n<li>There is income from more than one house property<\/li>\n<li>The individual is a Director of a company<\/li>\n<li>Investment in unlisted equity shares has been made<\/li>\n<li>The individual owns assets or has financial interest outside India or is the signing authority of an account located outside India<\/li>\n<li>The individual is a non-resident or not ordinarily resident<\/li>\n<li>Income of the individual is taxable in hands of another person<\/li>\n<li>If the taxpayer is joint-owner of a property, he\/she cannot file Form ITR-1. In this case, the individual will have to file ITR-2.<\/li>\n<li>Form ITR-1 cannot be filed by individuals who have deposited over INR 1 crore in their bank accounts, have made expenditure of INR 2 lakhs on foreign travel, or paid electricity bill of over INR 1 lakh.<\/li>\n<li>In these cases, the taxpayer would be required to file Form ITR-4. In these cases, the taxpayer shall be required to file Form ITR-4.<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff91016 elementor-widget elementor-widget-heading\" data-id=\"ff91016\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-large\">Documents required for ITR-1 filing<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7221e94 elementor-widget elementor-widget-text-editor\" data-id=\"7221e94\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul>\n<li>Form-16<\/li>\n<li>Salary Slips<\/li>\n<li>Interest certificates from Post Offices &amp; Banks<\/li>\n<li>Form 16A\/16B\/16C<\/li>\n<li>Form 26AS<\/li>\n<li>Tax-Savings Investment Proofs<\/li>\n<li>Deductions under Section 80D to 80U<\/li>\n<li>Home Loan statement from NBFC\/Bank<\/li>\n<li>Capital Gains<\/li>\n<li>Aadhar Card<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>ITR-1 _INDIVIDUAL OR HUF We make sure you get your income tax return file quickly and easily, with the least amount of hassle. We provide professional, affordable,and efficient service to get your ITR-1,ITR-2 ,ITR-3,ITR4 and ITR-6 forms in on time. Not only that but we save you time\u00a0also. Person who cannot file form ITR-1 ITR-1 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-2245","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/pages\/2245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/comments?post=2245"}],"version-history":[{"count":13,"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/pages\/2245\/revisions"}],"predecessor-version":[{"id":2467,"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/pages\/2245\/revisions\/2467"}],"wp:attachment":[{"href":"https:\/\/finotaxsolutions.in\/index.php\/wp-json\/wp\/v2\/media?parent=2245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}