Key Highlights:

  • Aadhaar becomes mandatory from July 01, 2017
  • Individuals having income up to Rs 50 lakh can opt for ITR-1 Sahaj
  • PAN must be linked with Aadhaar if you have one 

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July 31, 2017 is the last day to file income tax returns for assessment year 2017-18. Apart from linking your Aadhaar number with your PAN, we bring you a host of issues that you need to keep in mind before filing your income tax returns. 

The Income Tax Department has listed features of Income Tax Return Form – 1 Sahaj.

It said, “From seven page to a single page Income Tax Return form. ITR Form-1 SAHAJ makes income tax return much simpler.”

Click here to have a look at the ITR-1 SAHAJ form.

What is the structure of ITR 1 Form ?

Part A – General Information

Part B – Gross total Income

Part C – Deductions and taxable total income

Part D – Computation of Tax Payable

Part E  – Other Information

Schedule IT – Detail of Advance tax and Self Assessment Tax payments

Schedule TDS – Detail of TDS/TCS

Also Read: Aadhaar is must for income tax returns if you have one; Here's how you can file it online