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

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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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