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Power bill over Rs 100,000 or owning house jointly? Can't use ITR-1 form

ITR 1-Sahaj is for individuals having an annual income of up to Rs 5 million from salaries, a house, interest income, family pension income, etc. The form will require passport details

Officials say the department is facing issues in implementation of faceless scrutiny and this could hit tax revenue collections

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Wadhwa said an individual taxpayer could not file returns either in ITR-1 or ITR-4 if he was a joint-owner of a house.

3 min read Last Updated : Jan 06 2020 | 1:24 AM IST

The Income Tax Department on Sunday notified two income-tax returns for assessment year 2020-21 three months in advance, bringing more individuals into the mandatory return filing net.

The department notified ITR 1-Sahaj and ITR 4-Sugam in January against the usual practice of notifying returns in April, with disclosure requirements related to cash deposits, spending on foreign travel, and electricity.

ITR 1-Sahaj is for individuals having an annual income of up to Rs 5 million from salaries, a house, interest income, family pension income, etc. The form will require passport details.

ITR 4-Sugam is for individuals who have an annual income

Topics : income tax returns ITR ITR forms Income Tax filing

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