ITR-1 / ITR-2 FilingHandled by experts

ITR-1 and ITR-2 are types of Income Tax Return forms used in India. 

ITR-1 also known as SAHAJ is used by resident individual taxpayers with income from salaries, one house property, other sources (like interest etc), and total income of up to Rs 50 lakh. 

ITR-2 form is used by individuals and Hindu Undivided Families (HUFs) who are not eligible to file SAHAJ (ITR-1), and who are not earning income under the head of profits or gains of business or profession.

The process of filing for both is similar and can be done electronically on the official website of the Income Tax Department. You need to create an account, download the appropriate excel utility, fill in the necessary information, save the fully filled form, and then upload it to the website. Once the form is uploaded, an acknowledgement number is generated.

After this, you will need to verify the ITR either electronically or by sending the signed ITR V (acknowledgement) to the Centralized Processing Centre (CPC) of the Income Tax department within 120 days of e-filing the return.

The due date for filing these returns is usually July 31 of the assessment year, but it can vary based on the directives issued by the Income Tax department.

DOCUMENTS REQUIRED

• • PAN

• Aadhaar

• Form 16

• AIS/TIS

• Bank Statements

• Investment Proofs