File ITR 1
For most salaried individuals, ITR-1 is usually used by them to file their ITR. For the financial year 2019-20, ITR-1 has to be used by those individuals who have income from salary/pension, one house property, and income from other sources.
However, if you have made capital gains or own one more than one house property, then you are not eligible to file ITR-1.
Documents need to file ITR
Before you start to file your ITR, you should collect the required documents such as Form-16, interest certificates, details of interest earned on all the savings account held with a bank or post office and so on. Click here to know all the documents required to file the ITR.
How to file your return?
There are two ways to file ITR-1. One option is to download the form as an Excel utility from the e-filing website, fill in the information required, generate an XML file and then upload it on the income tax department’s e-filing website.
Another option is to ‘Prepare and Submit Online’. Here you do not have to download any software utility as you are required to enter the information directly on to the ITR-1 form online and submit it on the income tax e-filing website. Only those who are eligible to file ITR-1 or ITR-4 can file their return using this option.
To file ITR-1 online on the e-filing website of the income tax, you must be a registered user. Click here to know how you can register on the e-filing website of the income tax department.
Once you have registered yourself, you can login to your account to file your ITR. Remember, your user ID is your PAN. After logging in to your account, you are required to select ‘Filing of Income Tax Return’ and you will be redirected to a new page where you will have to select the following from the drop down menu:
Assessment Year – 2020-21
ITR Form No. – ITR-1
Filing Type – Original/Revised Return
Submission mode – ‘Prepare and Submit Online’
Don’t forget to select the pre-validated bank account where you wish to receive your income tax refund, if any. Also, select the bank accounts that are to be reported in while filing ITR. In case you have closed any of your bank accounts in the previous FY, then you don’t need to select that account. Select the tick box under the ‘Bank Account details’ section if you wish to file your ITR using a form in Hindi language.
In the ITR-1 form, your PAN, name and date of birth will be pre-filled. Certain information such as address, mobile number, email ID and tax details from Form-26AS will be pre-filled. But if you spot any errors in these fields, then you can edit them.
In a bid to make ITR filing process easier for taxpayers, the department has started providing pre-filled returns to the taxpayers filing their tax return using ITR-1 on the online platform. The platform will have pre-filled information such as name, Aadhaar details, salary details and so on.
The online ITR-1 form on the website is divided into seven tabs:
- General Instructions
- Part – A General Information
- Computation of Income and Tax
- Tax Details
- Taxes Paid & Verification
- Donations -80G
- Donations – 80GG
Before you start filling the form, it is important that you read the ‘General Instructions’. This will help you to know the format in which you are supposed to enter the data. For example, dates have to be entered in DD/MM/YYYY format and the details about other specifics.