The document outlines the eligibility criteria for filing ITR-1 for the assessment year 2024-25, detailing types of income that qualify, including income from salary, one house property, family pension, and certain agricultural earnings. It specifies individuals who cannot file ITR-1, such as NRIs, those with agricultural income above ₹5000, and individuals with capital gains or business income. Additionally, it lists necessary documents for filing and precautions to be taken to ensure compliance.

1. ITR-1
A.Y 2024-25

2. Who is eligible to file ITR-1
Income from salary, one house property, family pension income, agricultural income
(up to ₹5000/-), and other sources,
Which include:
o Interest Income - from Savings Accounts
- from Deposits (Bank / Post Office / Cooperative Society
-from Income Tax Refund
-Interest received on Enhanced Compensation
-Any other Interest Income
o Family Pension
• Income of Spouse (other than those covered under Portuguese Civil Code) or Minor is
clubbed (only if the source of income is within the specified limits as mentioned above).

3. Who is not eligible to file ITR-1
ITR-1 cannot be filed by any individual who:
 Is a Resident Not Ordinarily Resident (RNOR), and
Non-Resident Indian (NRI)
 Has agricultural income exceeding ₹ 5000/-
 Has income from lottery, racehorses, legal
gambling etc.
 Has taxable capital gains (short term and long
term)
 Has income from business or profession
 Is a Director in a Company
 Has tax deduction under section 194N of Income Tax Act
 Has deferred income tax on ESOP received from employer
being an eligible start-up
 owns and Has income from more than one house
property
 Has invested in unlisted equity shares.
 Total income does not exceed ₹ 50 lakh during the PY

4. What are the types of income that shall not form
part of ITR 1 form
Income that shall not form part of ITR 1 form:-
 PGBP (“Profits and gains from business and professions”)
 CG (“Capital gains”)
 House Property -Income from more than one house property;
 Other Source-Winnings from lottery;
-Activity of owning and maintaining race horses;
 Income taxable at special rates under section 115BBDA or section 115BBE;
 Income to be apportioned in accordance with provisions of section 5A

5. Documents
Key Document
 Pan No
 Aadhar No
 AIS (“Annual Information Statements)
 26AS (Reconciled with Form 16)
 Proof of Investments
 Proof for Deduction/Exemption (Such As HRA exemption-Rent Receipts, Insurance Copy
etc.)
 Linking of AADHAR & PAN

6. Precautions ?
a) Ensure details like PAN, permanent address, contact details, bank account details, etc. are correct in the
pre-filled data.
b) Filling on or before due date
c) E-Verify the return*
d) Compilation of documents
 AIS
 26AS
 Bank Statement
 Form 16
 Other Deduction /exemption Doc
Manual verification of return send the signed physical copy of ITR-V Acknowledgement (by speed post) within appropriate
timelines to Centralized Processing Center, Income Tax Department, Bengaluru 560500 (Karnataka)

7. Thank You
• CA Ajay Kumar
• Mobile No.9650330730
• Mail id-ca.ajaykverma@gmail.com