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ITR 1 (Sahaj)

Original price was: ₹2,000.00.Current price is: ₹1,000.00.

ITR-1 (Sahaj) Filing with AutoBizNow: Your Guide for FY 2024–25

Filing your Income Tax Return (ITR) is an essential step for taxpayers. ITR-1 (Sahaj) is a simplified form designed for individuals with straightforward income sources. At AutoBizNow, powered by Professional Consultant Solution Planet Private Limited, we ensure that your tax filing experience is easy, accurate, and stress-free.

💡 What is ITR-1 (Sahaj)?

ITR-1 (Sahaj) is a basic income tax return form for resident individuals with income from the following sources:

Salary/Pension
One House Property
Other Sources (e.g., interest income)
Agricultural Income (up to ₹5,000)

It is applicable for individuals whose total income does not exceed ₹50 lakh during the financial year.

✅ Who Can File ITR-1 (Sahaj)?

You can file ITR-1 if:

You are a resident individual.
Your total income does not exceed ₹50 lakh.
Your income sources are limited to salary, one house property, other sources, and agricultural income up to ₹5,000.
You own a single property (individually or jointly).

❌ Who Cannot File ITR-1 (Sahaj)?

ITR-1 is not applicable if:

You are a Non-Resident Indian (NRI) or Resident Not Ordinarily Resident (RNOR).
Your income exceeds ₹50 lakh.
You have income from more than one house property.
You have income from capital gains or business/profession.
You are a director in a company.
You have foreign income/assets or investments in unlisted equity shares.

🔄 Changes for FY 2024–25

Default Tax Regime: The New Tax Regime is the default for AY 2024–25. If you prefer the Old Tax Regime, you must opt-out while filing.
Additional Schedules: New sections for specific deductions (e.g., Section 80DD, 80U) have been added.

🚀 Steps to File ITR-1 (Sahaj)

1️⃣ Log In: Visit the Income Tax Portal and log in with your credentials. 2️⃣ Select ITR Form: Choose ITR-1 (Sahaj) for AY 2024–25. 3️⃣ Choose Tax Regime: Decide between the New Tax Regime (default) or opt for the Old Tax Regime. 4️⃣ Verify Pre-Filled Data: Review pre-filled details (salary, interest, TDS, etc.) and make corrections if required. 5️⃣ Enter Additional Details: Add any additional income, deductions, or exemptions not auto-populated. 6️⃣ Compute Tax Liability: The system will calculate your tax payable/refundable based on the provided information. 7️⃣ Pay Tax Dues: If tax is payable, use the e-Pay Tax feature to make the payment. 8️⃣ Submit and e-Verify: After submission, complete the process with e-Verification using Aadhaar OTP, net banking, or EVC.

📅 Key Deadlines

ITR Filing Due Date: July 31, 2025 (for individuals without tax audit).
Revised/Belated Return: December 31, 2025.

Frequently Asked Questions (FAQs)

1. What happens if I don’t file my ITR by the due date? You can file a belated return by December 31, 2025, with a late fee of ₹1,000 or ₹5,000 based on income.

2. Can I file ITR-1 if I have joint ownership of a property? Yes, provided it is a single property and other conditions are met.

3. Is e-Verification mandatory after filing ITR? Yes, e-Verification is required to complete the filing process.

4. What happens if my income exceeds ₹50 lakh? You must file ITR-2 or ITR-3, depending on your income sources.

5. Can I claim deductions under Chapter VI-A in ITR-1? Yes, deductions such as those under Sections 80C, 80D, and others can be claimed.

Why Choose AutoBizNow for ITR Filing?

🌟 Expert Assistance: Get professional guidance at every step. 🌟 Seamless Filing: We ensure accurate and timely filing. 🌟 Compliance First: Stay updated with the latest tax laws. 🌟 Tailored Solutions: Personalized advice based on your financial profile.