Who Can File The ITR And Why It Is Important To File The ITR 2020 In that case, he has to file the ITR-2 Form. This form is also not formed those you have income from agriculture over 5000.įurther income from one more house property, carrying losses also make the person ineligible to file the ITR-1 Form. You are also not eligible to file the ITR-1 Form if you have taxable gains or earns from the business or some profession. If anyone is the director in any of the company or has purchased shares anytime during the present year, then, he is not eligible to file the ITR-1 Form. You can have the income from the house property and other sources except the amount finning from the lottery and from the winning of the racehorses. This form is form those who have an annual income of fewer than 50 lakhs. You have to choose ITR-1 Form, which is also known as Sahaj Form if you are a salaried employee. The choosing of the form for filing the ITR depends upon how much income do you have? Now let’s discuss that which form does a salaried employee should choose for filing the ITR. Last Date Of July 2020 GST Return | GST Return Due Dates Calendar ITR Form For a Salaried Person
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