you must use either ITR 1 or ITR 2, depending on your sources of income for the year. Filing with the wrong form can result in a notice from the tax department, asking you to correct it.

Now, while filing the ITR, the common question arises about which form the taxpayers need to use. ITR-1 and ITR-4 are simpler forms that cater to a large number of small and medium taxpayers.

Now, her monthly income is Rs 50,000. In this case, she will have to file ITR-1, which is also known as Sahaj. This form applies to you if your total annual income for the year does not exceed Rs ...

It should be noted that if you have income from business or profession and have income from more than one house property then you cannot file ITR 1. This form is applicable for individuals and ...

The CBDT had notified ITR Forms 1-7 for AY 2020-21. ITR-1 or Sahaj, which is the most simple form, is for resident individuals whose total annual income is less than Rs 50 lakh and have income ...