​ITR 3 – 7 income tax return forms for taxpayers: Which one should you file? | The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/7-income-tax-return-forms-for-taxpayers-which-one-should-you-file/itr-3/slideshow/86808214.cms


​ITR 1 (Sahaj)

Who can file

  • Individuals qualifying as Ordinarily Residen
  • Having a total income of up to Rs 50 lak
  • Having income from salaries, one house property, income from other sources (interest etc.) and agricultural income up to Rs 5,00
  • In case of clubbing of income, an individual can file ITR-1 form if the income of the other person (whose income the individual is reporting in his ITR) is from sources as mentioned above. For example, Mr. A will file his ITR after clubbing of income earned by his spouse. In such a case, Mr. A would be able to file the ITR-1 form only if the income of the spouse is from the sources specified above.

Who cannot

  • Non-residents/Resident but Not Ordinarily Residents
  • Hindu Undivided Family (HUF)
  • Ordinarily Residents having a total income of more than Rs 50 lakh
  • Director in a company
  • Holding investments in unlisted equity shares
  • Having brought forward losses or losses to be carried forward under the head ‘income from house property’
  • Having income from any other source, eg. more than one house property, capital gains, profits or gains of business or profession, winning from lottery
  • Holding assets outside India
  • Having 2% TDS deducted for cash withdrawal exceeding INR 1 crore (reduced to INR 20 lakh in some cases
  • Having deferred tax deduction/ payment in respect of perquisite due to ESOPs allotted/ transferred by employer being an eligible start-up


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