Who should use ITR1 form to file ITR in FY 2021-22?


Who cannot file using ITR1

Non-residents/ Resident but Not Ordinarily Residents, HUF, Ordinarily Residents having total income of more than Rs 50 lakh, Director in a company, Holding investments in unlisted equity shares, Having brought forward losses or losses to be carried forward under the head ‘income from house property’, Having income from any other source, e.g., more than one house property, capital gains, profits or gains of business or profession, winning from lottery, Holding assets outside India; Where provisions of Section 194N of the Act are applicable i.e. TDS deducted on cash withdrawals exceeding Rs 1 crore (Rs 20 lakh in certain cases); Covered under the tax deferral relief for income from Employees Stock Options (ESOP) available to employees of ‘eligible start-ups’.



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