Earendil | ITR Sahaj Registration

Documents required for filing income tax returns under ITR-1 Sahaj

  • Form-16
  • Salary Slips
  • Interest certificates from Post Offices & Banks
  • Form 16A/16B/16C
  • Form 26AS
  • Tax-Savings Investment Proofs
  • Deductions under Section 80D to 80U
  • Home Loan statement from NBFC/Bank
  • Capital Gains
  • Aadhar Card

Why register with Earendil

  • Our Chartered Accountant will be guiding you through the process. He/she will be your single point of contact for registration assistance and for all other services that we offer.
  • Our motto is “You only do what you do best; to us, leave the rest”. We assure that once we start our relationship, you wouldn’t have to think about the areas which we handle.
  • We ensure that we structure your income for filing to ensure that you save tax.
  • Quick and simple process with tax planning for the next year complimentary.

Individuals Eligible to file ITR-1 Sahaj Form

  • Salary/Pension – The remuneration received by an individual under a contract of employment which establishes employer-employee relationship. The following items are included under the head of Salary as per the Income Tax Act, 1961.
  • Wages
  • Pension
  • Annuity
  • Advance Salary Paid
  • Leave Encashment
  • Fee, Perquisites, Commission, Profits in addition to or in lieu of Salary or wages
  • Transferred balance in recognized Provident Fund
  • Annual accretion to the recognized Provident Fund
  • Central Government Contribution or Employer Contribution to Pension account as mentioned in Section 80CCD of the Income Tax Act, 1961.
  • Owns a single House property – If the house is let out for rent, the rent would be taxed under income from house property. If the house property is let out for business or commercial purposes, the rent would be taxed under income from business or profession. Cases where income has been brought forward from previous years, the individual cannot file income under ITR1 Sahaj
  • Other sources (not including ones which are ineligible to filed under ITR1 Sahaj form listed below)
  • Agricultural Income less than Rs.5000 in the financial year.

Individuals ineligible to file ITR-1 Sahaj Form

  • Income exceeds INR 50 lacs.
  • Agricultural income exceeds INR 5,000.
  • Have earnt capital gains over the financial year.
  • Income from business or profession or commercial activities.
  • Income from more than one house property
  • The individual is a Director of a company
  • Investment in unlisted equity shares has been made
  • Owns assets or has financial interest outside India or is the signing authority of an account located outside India
  • A non-resident or not ordinarily resident
  • Income of the individual is taxable in hands of another person
  • The individual has claimed relief of foreign tax paid or double taxation under Section 90/90A/91 of the Income Tax Act, 1961
  • If the taxpayer is joint-owner of a property, he/she cannot file Form ITR-1. In this case, the individual will have to file ITR-2.
  • Form ITR-1 cannot be filed by individuals who have deposited over INR 1 crore in their bank accounts, have made expenditure of INR 2 lakhs on foreign travel, or paid electricity bill of over INR 1 lakh.
  • In these cases, the taxpayer would be required to file Form ITR-4. In these cases, the taxpayer shall be required to file Form ITR-4.