ITR 1 Filing AY 2024-25: Documents You Need To File Sahaj Form, Check Full List Here

Filing Income Tax Returns (ITR) is a responsibility that benefits both the government and individual taxpayers. It promotes a healthy tax system, ensures financial transparency, and offers advantages for taxpayers themselves.

Filing ITR in India has become significantly easier in recent years compared to the past.

Also Read: Which ITR Form To File For AY 2024-25? Income Tax Return Forms Decoded, Check Details Here

The biggest change is the introduction of e-filing through the Income Tax Department’s website. This eliminates the need for paper forms and manual submissions, saving time and effort.

You can file your ITR from anywhere with an internet connection, 24/7. No more waiting in queues at tax offices.

The Income Tax Department website offers a user-friendly interface with step-by-step guides and tutorials, for example, you can take guidance for ITR-1 (Sahaj).

ITR 1 Sahaj Filing FY 2023-4 (AY 2024-25)

Who Can File ITR 1 Sahaj?

According to the IT department, ITR-1 can be filed by a resident individual whose:

• Total income does not exceed Rs 50 lakh during the FY
• Income is from salary, one house property, family pension income, agricultural income (up to Rs 5000), and other sources, which include:
• Interest from Savings Accounts
• Interest from Deposits (Bank / Post Office / Cooperative Society)
• Interest from Income Tax Refund
• Interest received on Enhanced Compensation
• Any other Interest Income
• Family Pension
• The income of the Spouse (other than those covered under the Portuguese Civil Code) or Minor is clubbed (only if the source of income is within the specified limits as mentioned above).

Documents Required For ITR 1 Filing

You would need to download AIS and keep copies of Form 16, house rent receipt (if applicable) and investment payment premium receipts (if applicable).

However, ​​ITRs are annexure-less forms, so you are not required to attach any document (like proof of investment, TDS certificates) along with your return (whether filed manually or electronically).

You need to keep these documents for situations where they need to be produced before tax authorities such as assessment, inquiry, etc.