Income Tax Return (ITR) filing alert - This step by step guide will help you select the right form
ITR 1, also known as Sahaj, is available for individuals who is a resident (other than not ordinarily resident) having total income up to Rs. 50 lakh, having Income from salaries, one house property, other sources (interest etc.), and agricultural income up to Rs. 5,000.
ITR-2: It is available for Individuals and HUFs (Hindu Undivided Families) not having income from profits and gains of business or profession. Representational Image, source: Reuters