#TaxmannPPT | Learn how to prepare and file Income-tax Return | Amazon

Learn How to File Income Tax Return?

CA Naveen Wadhwa

DGM, Research & Advisory, Taxmann

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Who can file ITR-1?

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Income

ITR 1

Salary Income up to Rs. 50 lakhs



Pension or Family Pension



One House Property

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Dividend or Interest

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Capital Gains



Business or Professional Income



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ITR 2

ITR 3

 

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Who can’t file ITR-1?

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Income

ITR 1

ITR 2 or 3

Non-Resident or Not-ordinarily Resident





HUF

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Director of a company

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Total income exceeds Rs. 50 lakhs

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Income from 2 or more house properties

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Invested in unlisted companies

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Foreign income, assets or accounts



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Agriculture Income exceeding Rs. 5,000



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Brought forward or carried forward losses





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How to file ITR-1?

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Overview of ITR-1 Filing • Login to Incometax.gov.in • Check AIS • Configuration of ITR-1 • Fill the Schedules • Validation of ITR • Filing & E-Verification of ITR

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Login to Incometax.gov.in

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Check AIS

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Configuration of ITR 1

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Fill the Schedules

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Personal Information •

Profile (i.e., Name, PAN, Aadhaar, Date of Birth).

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Contact Details (Mobile Number, Email Id, and Address).

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Nature of Employment (Employed or Pensioner with Central Govt., State Govt., PSU or Others).

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Filing Section (Section under which return is filed, Opting for Alternate Tax Regime or filing return under the seventh proviso to section 139(1)).

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Bank Details.

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Validation of ITR

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Filing & Verification of ITR

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Any questions ?

You can send your queries at connect@taxmann.com

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