ITR-1, also known as Sahaj, is an income tax return form used by individual taxpayers with income from salary, pension, or income from one house property (excluding cases where there is a brought forward loss or loss to be carried forward) and other sources (excluding lottery and racehorse winnings). It is one of the simplest ITR forms and is designed for taxpayers with relatively straightforward income sources.
By understanding the applicability, requirements, and filing process for ITR-1, taxpayers with straightforward income sources can file their income tax returns accurately and efficiently.
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