IRT 1
ITR 1: Income Tax Return Form for Individuals
Welcome to the ITR 1 page on SGSP Associates LLP! We’re here to guide you through the process of filing your Income Tax Return (ITR) effortlessly.
What is ITR 1?
ITR 1, also known as Sahaj form, is designed for individual taxpayers who have income from salaries, one house property, and additional sources such as interest income, but whose total income does not exceed Rs. 50 lakhs in a financial year.Who Can File ITR 1?
If you are an individual taxpayer meeting the following criteria, you can file your taxes using the ITR 1 form:- Income from Salary/Pension
- Income from One House Property (excluding cases where loss is brought forward from previous years)
- Income from Other Sources (excluding winning from lottery and income from racehorses)
- Total Income not exceeding Rs. 50 lakhs
- Not a Director in any company
- Not an investor in unlisted equity shares
- Not earning income from more than one house property
- Not having assets located outside India
Why Choose SGSP Associates LLP for ITR 1 Filing?
At SGSP Associates LLP, we understand the nuances of tax filing and aim to make the process seamless for you. Here’s why you should choose us:- Expert Assistance: Our team of tax professionals is equipped to handle all your tax-related queries and ensure accurate filing.
- Hassle-free Process: We streamline the ITR 1 filing process, saving you time and effort.
- Personalized Solutions: We provide tailored solutions to meet your specific tax requirements and maximize your deductions.
- Compliance Assurance: With us, rest assured that your tax filing is in compliance with the latest regulations and guidelines.