ITR-1, also known as the Sahaj form, is a simplified income tax return form used by resident individuals who have an annual income up to ₹50 lakhs. It is suitable for individuals who earn income from salary, one house property, and other sources such as interest income. This form is used to report income and calculate tax liabilities for a financial year.
ITR-1 Return (Income Tax)
ITR-1, also known as the Sahaj form, is a simplified income tax return form used by resident individuals who have an annual income up to ₹50 lakhs. It is suitable for individuals who earn income from salary, one house property, and other sources such as interest income. This form is used to report income and calculate tax liabilities for a financial year.
- Resident individuals only (not for HUFs or NRIs).
- Total income up to ₹50 lakhs.
- Income sources: Salary, one house property, other sources (interest), and agricultural income (up to ₹5,000).
- No capital gains.
- No foreign assets or income.
Not applicable if you have income from more than one house property, business/profession, or foreign income.
- Simplicity: Simplifies the filing process for individuals with straightforward income sources.
- Efficiency: Enables quick filing for those meeting the eligibility criteria.
- Accuracy: Helps ensure accurate reporting of income and deductions.
- Compliance: Ensures adherence to tax regulations, avoiding potential penalties.
- Time-Saving: Streamlines the filing process, saving time and effort.
- Simplicity: Simplifies the filing process for individuals with straightforward income sources.
- Gather Documents: Collect all necessary financial documents and information.
- Form Preparation: Complete the ITR-1 form with accurate details, including income sources, deductions, and tax payments.
- Verification: Verify all the entered information and ensure accuracy.
- Submission: File the ITR-1 electronically through the Income Tax Department’s e-filing portal.
- Acknowledgment: Receive an acknowledgment receipt post-submission, which confirms the successful filing of the return.
- Gather Documents: Collect all necessary financial documents and information.
- PAN Card: Personal Identification Number (PAN) card for verification.
- Form 16: Issued by the employer, it provides details of salary and tax deducted.
- Bank Statements: To report interest income and other income.
- Details of Other Income: Information on rental income, capital gains, or any other sources.
- Proof of Deductions: Documents related to deductions under sections like 80C (life insurance, PPF, etc.), 80D (health insurance), etc.
- Aadhaar Card: For identity verification.
- PAN Card: Personal Identification Number (PAN) card for verification.
- Form Preparation: Assistance in accurately filling out the ITR-1 form.
- Document Verification: Ensuring all required documents are in order and correctly entered.
- Filing Assistance: Filing the ITR-1 form electronically on behalf of the client.
- Query Resolution: Addressing any questions or issues related to ITR-1 filing.
- Acknowledgment Tracking: Providing clients with the acknowledgment receipt and ensuring successful submission.
Filing ITR-1 is a straightforward process if you have the necessary documents and information in place. By utilizing SS Auditors' ITR-1 return filing services, individuals can ensure compliance with tax regulations while minimizing errors and saving time. Our expertise helps streamline the filing process, from form preparation to submission, acknowledgment and accurate tax reporting.
- Form Preparation: Assistance in accurately filling out the ITR-1 form.
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SS Auditors understands the importance of client satisfaction and strives to provide high-quality auditing services. However, it is important to note the following refund policy:
Cancellation & Refund Policy
S S AUDITORS AND TAX CONSULTANTS believes in helping its customers as far as possible, and has therefore a liberal cancellation policy. Under this policy:
• Cancellations will be considered only if the request is made immediately after placing the order. However, the cancellation request may not be entertained if the orders have been communicated to the vendors/merchants and they have initiated the process of shipping them.
• S S AUDITORS AND TAX CONSULTANTS does not accept cancellation requests for perishable items like flowers, eatables etc. However, refund/replacement can be made if the customer establishes that the quality of product delivered is not good.
• In case of receipt of damaged or defective items please report the same to our Customer Service team. The request will, however, be entertained once the merchant has checked and determined the same at his own end. This should be reported within only same day days of receipt of the products. In case you feel that the product received is not as shown on the site or as per your expectations, you must bring it to the notice of our customer service within only same day days of receiving the product. The Customer Service Team after looking into your complaint will take an appropriate decision.
• In case of complaints regarding products that come with a warranty from manufacturers, please refer the issue to them. In case of any Refunds approved by the S S AUDITORS AND TAX CONSULTANTS, it’ll take 3-5 Days for the refund to be processed to the end customer.Legal Disclaimer
The explanations and information provided on this page are general and high-level guidelines on how to write your own Shipping Policy. This article should not be relied upon as legal advice or specific recommendations, as we cannot foresee the exact shipping policies you wish to establish between your business and your customers. We recommend seeking legal advice to assist you in understanding and creating your own Shipping Policy.
Shipping Policy - The basics
A Shipping Policy is a legally binding document that establishes the legal relations between you and your customers. It provides a framework for outlining your obligations and addressing various potential issues that may arise, and what happens in each case.
A Shipping Policy is good practice and benefits both sides—you and your customers. Customers benefit from being informed about what to expect from your service, while you benefit because clear Shipping Policies can attract more customers by eliminating uncertainties about shipping timeframes or processes.