How To File Income-Tax Return/ITR Return Filing Online For Academic Year 2020-21.

As you may know, Income Tax Return for FY 2019-20 Forms that have arrived ITR 1 out of that for Salaried Persons That return has also become available online. So you can file ITR 1 by going online. If you are a salaried person, if you are salaried If you are an employee, this video is very important for you. In today's video, we are going to discuss What is eligibility criteria ITR 1 That is, to file the SAHAJ which is called " 2. Which documents do we need To file the return of Income Tax? And at last, I will show you a live demo of how the Return of income tax is filed. 

 Let's discuss the eligibility, Guys So firstly, the eligibility of ITR 1, your Income up to 50 Lakh, but if your income for the entire financial year 2019-20 is more than 50 Lakh So you can't file ITR 1. And then our second condition which is the sources of your income of sources should be income from the salary your income from salary can be shown in ITR 1. 

The second is to take care of our income from one house property. A house property that you can show income inside ITR 1. If there is more income of house property than that, then you select ITR-2 Have to do, and with that one thing to keep in mind is that if the house property loss which is last year. You cannot do b / f inside ITR-1. If we talk with him.

 The third source is income from other sources The interset you get from bank FD All that is covered in income from other sources You can show that inside ITR-1, keep in mind that Which is your casual income You take a lottery ticket and the income that comes from it. In that case, you cannot file in ITR-1 So this was the criteria of eligibility. 

Now let's see when ITR-1 SAHAJ happens. You can't file that If your agricultural income preceding financial year is more than 5000 In that case you cannot file ITR-1 If you are the director of a company If you unlisted share in that director's situation holds that company, in that case, You cannot file ITR-1. Along with NR and RNOR persons who are They also cannot file ITR-1. If there is an asset in a foreign country then you ITR-1 Can not file If you have any PGBP income Means no income from the business of professions Even if you are getting ITR-1 Can not file If there is any income for capital gain whether it is long term or short term. You cannot file ITR-1. If I summarize it in one point so mostly which is our salaried class It gets covered inside our ITR-1.

 Let's talk to guys now who want a document from cones To file ITR-1 See when we talk about an especially salary class person then form-16 A very important document is form-16 This is what your employer provides you. There is a statement of your salary within Form-16 and how much tax was deducted in it. It is expanded. So the first important document you must have form-16 To file ITR-1 Let's go to the second point The second one which is our important document is form-26AS From your income tax website by going online to the .e-filling portal can generate form-26AS. Form-26AS is basically your TDS detail. So you have to check this in your TDS sliced ​​in form-16 is he reflecting in your Form-26AS in actual or not No. You must match both Both must match. As much as TDS your form-16 Is it reflected in the form-26AS or not. 

So we need form-26AS. The third is your important document housing loan certificate if you know if taken deduction of housing loan meets the principle of deduction Meets within section 80C and deduction of interest is found inside income from house property. So you are shown with both parts segregate, which Housing loan certificate is a principle in that how much in your entire financial year principle repayment done and how much interest is repaid. You get all that amount from certificate And the certificate provides you your bank from which bank you loaned Finance is done. For which you have to write an application, and the bank provides you the loan certificate for that financial year Let's have the important document last detail of income tax deduction like you have done a LIC or some other deduction within your 80C Or inside another section that you have was not provided but now you If you want to take his deduction then that document will give you to keep ready so that you can fill the amount easily Inside your income tax return. So you need these four documents I repeat once 1 1. Form-16, 2. form-26AS, 3. Housing loan certificate And lastly if deduction separately other deduction If you have taken its documents These four documents are required To file your return to a salaried person.                                                                                                                                                                                                                                                                                                                                    

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