How to Fill ITR 1 Sahaj Form Online for AY 2020-21 (Easily)

The last date to fill the Income Tax return for the fiscal year 2018-19 has been extended to November 2020, considering the issues that came with the pandemic. But even though the dates were delayed, the postponed dates too are nearing, and it is now high time that you start planning to file the return. Although you should know everything about the ITR 1 Sahaj Form, there are chances of you not knowing as well. It could be either you were too dependent on your chartered accountant till now or filing a return for the first time. In any case, we have got you covered with all the answers related to the online ITR 1 Form filling that you must know.

• What Is The Sahaj Or ITR 1 Form?

The Income Tax Return (ITR) 1 Form is one of the forms that one has to fill for filing an income tax return for the previous fiscal year. The form is also popularly known as the Sahaj form taking its name from the Hindi word meaning Easy. The form is basically for the salaried persons whose yearly income is less than 50 lakhs making Sahaj the most popular form used for Income Tax Return filing.

• Eligibility To File ITR 1 Online

As mentioned above, the form is for salaried people earning less than 50 lakhs per annum. However, the following conditions are to be fulfilled before using ITR 1 Form Filing. Certainly you might want to look such conditions  before Income Tax Return Filing:

1. Income from either salary or pension is eligible for being shown in ITR 1.
2. Income from one house property (excluding cases where losses are brought forward from previous years is eligible.
3. The assessee should be Ordinary residents of India.
4. Income from other sources like interest income is allowable.
5. Income of a minor or wife from above sources can also be clubbed.
6. Agricultural income less than Rs. 5,000.

To understand this better, we have also pointed out the conditions that make people not eligible for e-file income tax returns with ITR 1 Form filing.

1. Income is more than 50 lakhs per annum.
2. Non-residents or residents, not ordinary residents, cannot file ITR for 1.
3. Taxpayers whose declared assets include more than a single property(house).
4. Income from business or profession.
5. Long term or short term capital gains are not eligible as well.
6. Agricultural income crosses Rs. 5,000.
7. Taxpayer claiming relief for paying foreign taxes or double taxation.
8. Any taxpayer with a property or signing authority outside the country.

• Modifications in ITR 1 Sahaj Form

1. Individual income should sum up to 50 lakhs from all sources, including salary, one house property, and other sources.
2. Directors of any company are not applicable.
3. People holding up unlisted equity shares of a company are not applicable.
4. Computation changes- none
5. Offline availability of the Sahaj form for Income Tax Return filing by the senior-most citizens of the country aged above 80.
6. Salary bifurcation or breakup will include- Entertainment Allowance, Professional Tax, and General Deductions.
7. Nature of employment now will have a column for pensioners.
8. Segregation of section-wise Income Tax Return filing has been done.
9. Space to add the employer's details with the TAN has been added for employers who deduct tax from employees under the source of the salary section in the form.
10. Space to add the amount of rent under the section for the declaration of the house.
11. Space allotted for the details of the return filed in response to the 153A and 153C Notices.

• Guide To Fill Income Tax Return Form ITR 1 Sahaj Online

ITR 1 Form filing has seven sections:

1. The first part or part A is for general information about the taxpayer.
2. Part B is for declaring the taxpayer's gross total income. Part B is further divided into four sections, namely B1, B2, B3, and B4. 

The B1 is for detailing the salary and employer that includes pensions as well.

B2 details on the house property and income earned from the house rent.

B3 is for declaring incomes from other sources. It also has a specific space for declaring deductions in case of family pensions.

Finally, the B4 calculates the gross total income by adding the three sections and coming to a final number.

1. Part C requires the taxpayer to insert details of all deductions to come to the total taxable income finally.
2. Part D computes the total tax that the taxpayer has to pay and has 14 sub-sections in it.
3. Part E is for other information that mainly lets the taxpayers declare all their bank accounts.
4. The next section is given to schedule IT, schedule TDS, and schedule DI that details all the advance and self-assessed tax, details of TDS, and all the investments made.
5. The last and final section is for self-attested verification.

• File ITR 1 SAHAJ Form Offline

The modifications to the ITR 1 Form filing allow India's senior citizens aged above 80 years to file the returns using an offline form.

• Due Date For Filing ITR 1 Online AY 2020-21

The due date for e-file income tax return filing for the FY 2019-20 has been extended to 31st December 2020.

Even though the online filing of Sahaj has been explained, it may seem not very easy for many people, especially when most people resort to CAs for help. Thanks to online consultations firms like TaxWink, you now don't need to worry about finding a capable CA for tax filing. Online consultation, just like all things online, is making ITR 1 Form filing easier.