Income or earnings from Other Sources (barring the winnings from horse races and lottery).Income or earnings from One House Property (barring the cases wherein the losses from the previous year is carried forward).ITR 1 is a single-page form that needs to be filed by individuals whose annual income is below ₹ 50 lakhs. Who can file ITR 1 for the assessment year 2020-21? Open the email and click on the link to complete the registration process and activate your account. The Income Tax Department will send you an activation link to your registered email address. Step 6: After the PAN verification, you need to activate your account. After successful verification, your contact details and your transaction ID will get displayed on your screen.
The system will verify your PAN with the database. Step 5: The next step is to complete PAN verification. Also, provide your email address and mobile number. Your PAN number will become your User ID. On this page, input all your basic details.Įnter your Name, your PAN details, Date of Birth. Step 4: After you click on ‘Submit’, a new page will open. Then, enter the Captcha verification code and click on ‘Submit’. The options available under this category include Individual, HUF or Hindu Undivided Family, External Agency, Other than HUF/Individual, Tax Deductor and Collector, Chartered Accountants, Third-Party Software Utility Developer.Īfter selecting this option, provide your permanent address and current address details. Step 3: To register with the Income Tax Department website, select the appropriate User Type from the dropdown. If you are new to the e-filing website, then you must register yourself with the e-filing portal by clicking on ‘Register Yourself’. Step 2: If you already have an account, then log in by entering your details. ITR 1 form is generally used by salaried taxpayers and can only be filed online through the e-filing portal.
ITR 1 form, also commonly termed as ‘Sahaj’ meaning ‘easy’, is the form used by most taxpayers while filing income tax returns. Similarly, there are different types of ITR (Income Tax Return) forms for each category of taxpayers. To simplify the tax collection process, the taxpayers are categorised into different groups and sections depending on their income and its source.
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