ITR-1 (SAHAJ) – Applicable for Individual FOR AY 2022-23

This return is applicable to a resident (other than not ordinarily resident) persons with total income up to ₹ 50 Lakh from any of the following sources.

1. INCOME FROM SALARY
2. INCOME FROM HOUSE PROPERTY
3. AGRICULTURE INCOME – UPTO ₹5,000
4. OTHER SOURCES – (INTEREST, FAMILY PENSION, DIVIDEND ETC.)

Note: ITR-1 not filed by a person who:

(a) An individual who is director in a company

(b) Has held any unlisted equity shares during the previous year at any time.

(c) Any asset (including a financial interest in any entity) ofOutside India

(d) Has the right to sign any account located outside India

(e) Income from any source outside from India.

(f) Is a person in whose case tax section deducted under194N

(g) Is a person in whose case tax has been paid or deductedDeferredon ESOP

(h) Which has caused any damage or loss to be carried forward under any head of income.

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