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Filing income tax returns: Know the new requirements in ITR forms this year

Updated : July 11, 2018 11:28:55 IST

While ITR 1 is to be used for salaried taxpayers, NRIs need to use Form ITR 2.
While filing ITR 1 and 2 forms, which are specifically applicable for salaried taxpayers, there are some details that need to be additionally provided this year.
The most important change in ITR 1 is that it can only be used by ‘Residents’ having income from salaries, one house property and income from other sources, and where there is no treaty claim/ foreign assets; income is less than Rs 50 lakh
Filing income tax returns: Know the new requirements in ITR forms this year
Published : July 09, 2018 04:02 PM IST

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