Here's all you need to know about ITR 1, 2 and 3 for FY 2018-19

The income tax return forms have been notified for the tax filings due for AY 2019-20. The due date for filing the income tax returns for FY 2018-19 is 31 July 2019. The returns require some additional and detailed disclosures in comparison to the income tax returns of earlier years.

Taxpayers need to be aware of the key changes that would impact their tax filings.

Form ITR-1:

A taxpayer who is an individual and is resident in India and earning income up to Rs 50 Lakh can use ITR-1 to file the return. The form ITR-1 can be filed for