ITR 1 income tax e filing
Income Tax Filing
Tax Filing
ITR 1, Income tax e-filing Form is to be filed by you and the individuals being a Resident (other than NRI) having Total Income up-to INR 50 lakhs.
ITR 1 applies If you’re getting Income from Salaries, Rent income, Other Sources (Interest, etc.), and Agricultural Income up to INR 5 thousand. (Not for an Individual who is either Director in a company or has invested in Unlisted Equity Shares).
The income tax department has notified ITR forms for taxpayers based on their source of income to create a simple tax compliance structure. Therefore, you are required to furnish the return as per your income source.
If you wish to file your ITR, all you need to do is share your basic documents (Pan, aadar, form 16, etc), we will quickly review and update you for next process of the ITR filings.
Complete your Income tax filings in Bangalore in less than 1 Day. Tax filings in Bangalore and Income tax filing support services
ITR-1 Income Tax Filing Made Easy
Every year, the Salaried person, Income from business must file there Tax filing with Income-tax.The tax filing made easy from Team IN Filings, as we have adopted new simple methodology to assist the filings, below types of person must file ITR1
- 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 Race Horses)
ITR-1 Income Tax Filing Made Easy
The tax filing made easy from Team IN Filings, as we have adopted new simple methodology to assist the filings
You just need to login to Incometaxindia.gov.in using Pan and Pw to access the system to enable the filings.
Once registered, you will get the success update from email as well mobile number.
The filing shall be carried on post verification with other resources details available with system.
Process of ITR Filings
Offline:
Only the following persons have the option to file the return in paper form
An individual at the age of 80 years or more at any time during the previous year
An individual or HUF whose income does not exceed Rs 5 lakhs and who has not claimed any refund in the return of income
For offline, the return is furnished in a physical paper form. The Income Tax Department will issue you an acknowledgement at the time of submission of your physical paper return.
Online/Electronically:
By transmitting the data electronically and then submitting the verification of the return in the form of ITR-V to CPC, Bengaluru.
By filing the return online and e-verifying the ITR-V through net banking/aadhaar OTP/EVC.
If you submit your ITR-1 Form electronically, the acknowledgement will be sent to your registered email id. You can also choose to download it manually from the income tax website. You are then required to sign it and send it to the Income Tax Department’s CPC office in Bangalore within 120 days of e-filing. Alternatively, you can e-verify your return.
Document Required
1. Form 16
2. Salary slips
3. Interest Certificates from the Post offices and Banks
4. Form 16A/16B/16C
5. Form 26AS
6. Tax-savings investment proof
7. Deductions under the Section 80 D to 80 U
8. Home Loan statement from the NBFC/ Bank
9. Capital Gains