Guiding You Through the Process of Filing ITR 1 Sahaj: A Comprehensive Guide

As the tax filing season approaches and the deadline of 31st July 2023 rapidly nears, it is essential to ensure that all necessary income tax returns (ITRs) are submitted on time. Among various types of ITR forms, ITR 1 Sahaj is specifically designed for salaried individuals with a simplified tax filing process. In this guide, we will cover who qualifies for ITR 1 Sahaj, essential documents required, the step-by-step process of filing, and verifying your return.

Who Can File ITR 1 Sahaj?

ITR 1 Sahaj is suitable for salaried individuals with an annual income that does not include income from business or profession. Specifically, this form is for individuals who:

Have income from one house property or other sources like bank interest, dividends, and agricultural income up to Rs. 5000 Total income is less than Rs. 50 lakh

Before you begin the filing process, make sure you have all the necessary documents handy to ensure a smooth and error-free submission.

Documents Required for Filing ITR 1

ITR forms are annexure-less, meaning you do not need to attach documents such as:

Proof of investment TDS certificates

However, it is essential to keep documents like:

Form 16 House rent receipts Proof of investments and insurance premiums

These documents will be required if you need to produce them before tax authorities.

Additionally, ensure that you are a registered user on the e-Filing portal with a valid user ID and password. Your Permanent Account Number (PAN) should be active and linked to your Aadhaar.

Step-by-Step Guide to File ITR 1

Log in to the e-Filing portal: Use your user ID and password to access your dashboard. Select the assessment year and mode of filling: Click on the corresponding options to begin the process. Select ITR 1 for filing your return: Choose the appropriate form from the dropdown menu. Select the reason for filing: If your total income exceeds the basic exemption limit, select the appropriate option. Note that even if your total income is below the basic tax exemption limit, heavy expenses may still require you to file ITR. Review and validate pre-filled details: The ITR 1 form will be auto-filled by the IT department. Review the five sections: Personal Information Gross Total Income Total Deductions Tax Paid Total Tax Liability Pay the tax liability: If there is a tax liability, proceed to the e-pay Tax service and select the appropriate payment method. Declaration: Place a checkmark in the declaration box to confirm your liability and verify the details. Verify your ITR: Verification of the ITR is mandatory. You can choose to e-verify, receive an SMS, or post a signed copy via speed post.

Verification of ITR

Verifying your return is mandatory and can be done through the e-Verification process. This is an easy, paperless, and safer method than sending a signed physical ITR-V to the CPC by speed post. Click on the corresponding button to verify online.

If you choose to e-verify later, you must complete the process within 30 days of filing your ITR. The success message, Transaction ID, and Acknowledgement Number will be displayed on your screen, and you will receive a confirmation message on your registered mobile number and email ID.

Conclusion

We hope this guide has provided you with a comprehensive understanding of the process of filing ITR 1 Sahaj. Staying informed and prepared is key to ensuring a smooth tax-filing process.

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