WHO CAN NOT FILE ITR-1 (WHO IS NOT ELEGIBLE TO FILE ITR 1) ?
Every Salaried Person thinks that they have to file ITR-1 for Income. But There are some Other Incomes which restrict anyone to file ITR-1. Here we are providing TOP 6 Incomes which effect your total income and restrict to file ITR-1.
Here are those : –
– DIRECTOR IN ANY COMPANY
– AGRICULTURE INCOME MORE THEN 5,000/-
– INCOME EXCEEDING RS. 50 LAKHS
– TAXABLE CAPITAL GAIN SHORT / LONG TIME
– SHARE TRADING / MUTUAL FUND / CRYPTOCURRENCY
– LOTTERY / RACEHORSES / ONLINE GAMING – ETC.
The above information is to aware the taxpayer to choose the right ITR Form and Get relax from any type of Department Compliances. Traditionally, every Taxpayer or Professors use to file ITR-1 for Salary Income and they enter the above Income in “Income from Other Sources” head because ITR-1 is very simple and easy to file. But they have to know the above Incomes are not related to ITR-1 and they have to go though other forms also.
