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Taxpayers Alert! Major changes made in ITR-1 for AY2024-25 - Money News

Taxpayers Alert! Major changes made in ITR-1 for AY2024-25 - Money News
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Here s a lowdown on the procedure for filing Form ITR-1

The taxpayer is required to gather Form 16, Annual Information Statement, Form 26AS, Taxpayer Information Summary, interest certificates, and investment proof before beginning this process

Sahaj formAnnual information statementTaxpayer information summaryFurnishing personal informationFurnishing gross total incomeTotal deductionsAdvance taxTotal tax liability

Tax returns explained: Documents needed for ITR 1, eligibility, changes

You would need Form 16, house rent receipt (if applicable), investment payment premium receipts (if applicable). However, ITRs are annexure-less forms, so you are not required to attach any document

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HOW TO FILE INCOME TAX RETURN USING ITR FORM-1 (SAHAJ): STEP-BY-STEP GUIDE

The Income Tax department gives a choice of seven forms when a person is filing their tax returns at the end of a financial year. One of the simpler ones is ITR-1 (Sahaj), which is applicable for a large number of small and medium taxpayers. Sahaj is required to be filled by people who have an income up to Rs 50 lakh and who receive income from salary, one house property/other sources such as interest etc. Learn about the requirements and process of filing an ITR in this Business Today Visual Story.

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ITR-1 Sahaj Form: Find Out If You Can File Income Tax Return For AY 2023-24 With This Form

ITR-1 Sahaj Form: Find Out If You Can File Income Tax Return For AY 2023-24 With This Form
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