Complete Step by Step Guide on How to Fill ITR-1 prepared in directions of Dr V .K Singhania.
Income Tax Return Form 1 (ITR-1) also called as Sahaj (which means easy in Hindi) applies to Individual with income only from:
- Income from salary/pension: or
- Income from one house property(excluding where loss brought forward from previous year): or
- Income from other sources( excluding winnings from lottery and income from races horses)
So if you have income from business or profession or have Income from Capital Gains you cannot use ITR-1 Form, you have to use other ITR forms. It is the simplest of Income Tax Return Form
In this PPT examples and full explanation to each field has been given and summary of Income how to calculate has also been explained. This Guide is for AY 2008-09 and onwards if forms are not changed in ay 2009-10.