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        ITR-1 ready for e-filing: IT dept

        April 17, 2018

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        New Delhi, Apr 17 (PTI) The latest ITR-1 form, largely used by the salaried class of taxpayers, has been activated on the official e-filing portal of the Income Tax Department, a senior official said today.

        The single Income Tax Return (ITR) form, notified by the CBDT on April 5, has been put on its website, https://www.incometaxindiaefiling.gov.in, yesterday.

        "Other ITRs wil be available shortly," he said.

        The new ITR forms for the assessment year 2018-19 mandate the salaried class assessees to provide their salary breakup, and businessmen their GST number and turnover.

        The Central Board of Direct Taxes (CBDT), that frames policy for the tax department, had said some fields have been "rationalised" in the latest forms and that there is no change in the manner of filing the ITRs as compared to the last year.

        All the seven ITR forms are to be filed electronically except for some category of taxpayers.

        The most basic, ITR-1 or Sahaj, to be filled by the salaried class of taxpayers, was used by 3 crore taxpayers during the last financial year.

        The form this time seeks an assessees salary details in separate fields and in a breakup format such as allowances that are not exempted, value of perquisites, profit in lieu of salary and deductions claimed under section 16.

        These details are provided in the Form 16 of a salaried employee and a senior tax official said that these are now meant to be mentioned in the ITR for clarity of deductions.

        The CBDT had said that the ITR-1 can be filed by an individual who "is resident other than not ordinarily resident and having an income of up to ₹ 50 lakh.

        "Further, the parts relating to salary and house property have been rationalised and furnishing of basic details of salary (as available in Form 16) and income from house property have been mandated," it had said.

        ITR-1 activated: salaried taxpayers must now report detailed salary breakup and rationalised house property particulars for e filing. The ITR-1 for AY 2018-19 is activated for e filing and mandates detailed salary breakup fields (allowances not exempt, perquisites value, profit in lieu of salary, deductions under section 16) and rationalised house property particulars; ITR-1 is for individuals who are resident other than not ordinarily resident with total income up to Rs. 50 lakh, and the new forms streamline fields while maintaining existing filing processes.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                ITR-1 activated: salaried taxpayers must now report detailed salary breakup and rationalised house property particulars for e filing.

                                The ITR-1 for AY 2018-19 is activated for e filing and mandates detailed salary breakup fields (allowances not exempt, perquisites value, profit in lieu of salary, deductions under section 16) and rationalised house property particulars; ITR-1 is for individuals who are resident other than not ordinarily resident with total income up to Rs. 50 lakh, and the new forms streamline fields while maintaining existing filing processes.





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                                ActsIncome Tax
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