ALL TAX SERVICES - AKB:- Who is eligible to file ITR-1 for AY 2021-22?
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Today's topic is:-
1. Who is eligible to file ITR-1 for AY 2021-22?
I T R-1 can be filed by a resident individual whose:
• The total income during the financial year should not exceed 50 lakh,
• Income is from salary, a house property, family pension income, agricultural income (up to ₹ 5000/-) and other sources, including:
- Interest from savings accounts
- Interest from deposits (Bank / Post Office / Co-operative Society)
- Interest from Income Tax Refund
- Interest received on enhanced compensation
- Any other interest income
family pension
• Income of the spouse (other than those covered under the Portuguese Civil Code) or is a minor clubbed (only if the source of income is within the limits specified above).
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