10 reasons when a taxpayer can't use ITR-1 form Income tax return
July, 04th 2022
Income tax return: The due date for income tax return (ITR) filing for FY22 and AY23 is 31st July 2022. Hence, earning individuals must be busy scanning their income and expenditures for above mentioned financial year and assessment year. However, the taxpayer must know that there are various ITR forms applicable for various kinds of earning individuals. Out of various ITR formed issued by income tax department, most simple form is ITR-1. Many times, ITR-1 is filed by taxpayers as standard ITR form without understanding exact eligibility to file correct ITR form. So, it is important for a taxpayer to know under what circumstances a taxpayer can't fill ITR-1 form.