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