Day: May 14, 2018

Income tax e-filing: How to file ITR Form-1

Income tax e-filing: How to file ITR Form-1

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The e-filling portal for income tax returns (ITR) for the financial year 2017-18 or assessment year 2018-19 has been opened by the Income Tax Department for those who are eligible for filing the ITR Form-1 (Sahaj). People who can file the form are those whose income is up to Rs 50 lakh. Unlike last time, the ITR Form-1 (Sahaj) has undergone many changes. The form is applicable to residents of India. Before filling the ITR Form-1 (Sahaj), you should keep in handy details regarding Income from any source, such as property, salary, breakup of salary, etc. You would need to pay a late fee under fee u/s 234F if you miss the deadline. Ways to fill the ITR Form-1 (Sahaj): You can fill the form online or offline. Offline method: When filing the ITR Form-1 (Sahaj) form offline, you will ne...