How to file ITR 1 with salary, home loan and other income for FY 2018-19 – The Economic Times

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July 12, 2019
 
By CA Naveen Wadhwa and CA Tarun Kumar 
 
  The government has made enormous changes in the income tax return (ITR) forms this year. For FY 2018-19, ITR-1 can be filed only by an ordinarily resident individual whose total income does not exceed Rs 50 lakh. This ITR form can be used to report income from salary, one house property, residuary income (interest, etc.), and agricultural income up to Rs 5,000. From this year, this return form cannot be filed by an individual who is a director in a company or who is holding investments.

 

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